Global Medical Automation Market Size was valued nearly USD 34.21 billion in 2016 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 9.31% during the forecast period, i.e. 2017-2025. Due to increasing demand form laboratories and pharmacies manufactures units and continuous research and development activities in automation industry, increasing government financial support, rising labour costs, growing need for responsibilities for accuracy, need increase production capacity, diseases detection and treatment are some other major factors offering growth opportunities for major manufacturers in the medical automation market.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global medical automation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global medical automation market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.  

Market Segment

Application Insights: Based on the application, the medical automation market is segmented into Diagnostics & Monitoring, Therapeutics, Lab & Pharmacy Automation, Medical Logistics & Training and others. The Therapeutic automation segment was held largest share in 2015 to 2017 and is projected to continue contribute significant growth during forecast years. Due to increasing modernization and set facilities of automation devices such as orthopedic navigation systems, portable imaging devices, automated microscopes, surgical robots, defibrillators, and therapeutic dispensing systems.

Lab & Pharmacy Automation, Medical Logistics & Training segments are estimated highest growth over the forecast timespan that is 2019 to 2025 due to need of surgery accuracy, increasing demand for minimally invasive surgeries which is boost robotic surgery system, same time lab testing automation, medical packaging and material handling automation help to industry generate or create opportunities in medical automation market.

End User Insights: On the basis of end users, the worldwide medical automation industry is classified into 4 segments, mainly hospitals and diagnostic centers, pharmacies, research laboratories and institutes, and home/ambulatory care settings and other. In 2017 the hospitals and diagnostic segments are dominated the market and it will show significant growth during the forecast period due to increasing adoption of automated devices in diagnostics, treatment, surgery, laboratories & pharmacies and in medical packaging and handling etc.

Regional Analysis

The worldwide medical automation industry is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe – UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2017, North America market is anticipated to held largest medical automation market share and is excepted to grow fastest during the forecast period owing to increasing huge investment in multi-specialty hospitals, presence of major key players, technological advancement, research and development and government support etc. Europe is collecting a large market share due to the increasing geriatric population base prone to chronic diseases in this region which is pushing the demand for point-of-care (PoC) testing and automation system in coming years.

Global Medical Automation Market Size, Share Analysis By Region 2017  

The Asia-Pacific medical automation market is projected to grow at the fastest CAGR rate from 2018 to 2025 owing to increasing government support and spending more money on healthcare research and infrastructure, growing number of clinical research activities, technological R&D, consulting outsourcing into developing Asian countries such as India, China, Thailand, Japan, South Korea, Indonesia, Australia and Other countries. Same time increasing old age population and associated diseases, availability of a large patient pool, and growing awareness regarding healthcare are impact on the growth of the Asia-Pacific medical automation market. Middle East and Africa regions are projected to show healthy growth over the study forecast timeline.

Key Players

The major kay players in the medical automation market which will contribute healthy growth in regional and global market over the forecast period that key players are Koninklijke Philips N.V, Siemens AG, General Electric Company, Medtronic plc., Tecan Group Ltd., Intuitive Surgical, Inc., Stryker Corporation, Accuray Incorporated, Danaher Corporation, Swisslog Holding AG, Medtronic Plc., GE Healthcare, Intuitive Surgical, Inc., and Stryker Corporation,

Global Medical Automation Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.