Global Medical Automation Market is Growing with 9.8% CAGR in the Forecast Period of 2021 to 2028

Global Medical Automation Market is growing with factors such as advancement in healthcare infrastructure. Growing geriatric population also acts as a major factor for the growth of the market. Growing prevalence chronic diseases has also given a boom to the global medical automation market.

Rising healthcare expenditure has propelled the demand of the market. However, risks associated with automated medical devices anticipated to hamper the demand of the market.

Global Medical Automation Market Scenario                          

According to Data Bridge Market Research, the market for medical automation market in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is Siemens Healthcare GmbH which accounts an estimated market share of approximately 10.34% in the global market. The company has gained outstanding sale by providing wide range of medical automation products as well as by using various strategy market product.

  • In January 2020, Siemens Healthcare GmbH had launched ACUSON Redwood Ultrasound system at IRIA 2020 Indian Radiological and Imaging Association. The system is device on the company’s new platform base that features more advanced applications for higher clinical confidence. This product launch is estimated to bolster company’s product portfolio and growth pace.

Medical Automation MarketTrends Impacting the Market

Now the question is which other regions Siemens Healthcare GmbH, Koninklijke Philips N.V. and Medtronic are targeting? Data Bridge Market Research has forecasted a large growth in North America medical automation market and the market leaders are targeting U.S. and Canada to be their next pocket revenue for 2021.

The medical automation market is becoming more competitive with companies such as Siemens Healthcare GmbH, Koninklijke Philips N.V. and Medtronic and others. These are the top dominating companies in medical automation market and are launching more new therapies in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global medical automation market.

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New market Developments

  • In December 2020, Medtronic has announced that the U.S. Food and Drug Administration (FDA) have cleared the use of navigated interbody and Midas Rex high-speed drills with the Mazor Robotic guidance system earlier than originally anticipated. This clearance is anticipated to enhance the further growth of the company.
  • In November 2020, GE Healthcare has announced a new artificial intelligence (AI) algorithm to help clinicians assess Endotracheal Tube (ETT) placements, a necessary and important step when ventilating critically ill COVID-19 patients. The AI solution is one of five included in GE Healthcare’s Critical Care Suite 2.0. It is estimated that this announcement anticipated escalating sales growth of company.

Scope of the Global Medical Automation Market

Global medical automation market is segmented on the basis of countries into the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, Kuwait, rest of Middle East and Africa, Brazil, Argentina, Peru and rest of South America.

  • All country based analysis of the global medical automation market is further analyzed based on maximum granularity into further segmentation. On the basis of component, the medical automation market is segmented into equipment, software and services. On the basis of type, the medical automation market is segmented into automated prescription formulation and dispensing, automated health assessment and monitoring, automated imaging and image analysis, automated healthcare logistics, resource and personnel tracking, medical robotics and computer-assisted surgical devices, automated therapeutic (nonsurgical) procedures and automated laboratory testing and analysis. On the basis of application, the medical automation market is segmented into diagnostics & monitoring, therapeutics, lab & pharmacy automation, medical logistics & training and others. On the basis of connectivity, the medical automation market is segmented into wired and wireless. On the basis of end user, the medical automation market is segmented into hospitals, diagnostic center, pharmacies, research labs & institutes, homecare, specialty clinics, ambulatory surgical centers (ASCs) and others. On the basis of distribution channel, the medical automation market is segmented into direct tender, retail sales, online sales and others.

To know more about the study

Key Pointers Covered in Global Medical Automation Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of medical automation market
  • Company profiling of top eight players of medical automation market

Key Market Competitors Covered in the Medical Automation Market Report

  • Brainlab AG
  • HollySys Asia Pacific Pte Ltd.
  • Asahi Kasei Medical Co., Ltd. (a subsidiary of Asahi Kasei Corporation)
  • 3M
  • Accuray Incorporated
  • Intuitive Surgical
  • Medtronic
  • Stryker
  • Cardinal Health
  • Omnicell, Inc.
  • Leica Biosystems Nussloch GmbH (a subsidiary of Danaher)
  • BD
  • Baxter
  • iCAD Inc.
  • Tecan Trading AG
  • Siemens Healthcare GmbH
  •  Koninklijke Philips N.V.
  •  GE Healthcare
  • Johnson & Johnson Services, Inc.

Above are the key players covered in the report, to know about more and exhaustive list of medical automation companies’, contact us

Research Methodology: Global Medical Automation Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Healthcare Industry, Scientists, Research Laboratories, Doctors
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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