Siemens Healthcare GmbH, Koninklijke Philips N.V. and Medtronic are Dominating the Global Medical Automation Market in 2020

Global Medical Automation Market is expected to grow with the CAGR of 9.8% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global medical automation market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global medical automation market are introducing strong range of medical automation’ products provider along with launching new medical automation’ products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • In December 2020, Siemens Healthcare GmbH has developed a new innovation with the expertise in machine vision, they are improving in automation. The company and team is applying artificial intelligence and deep learning for depth studies on how to reduce the failure rate of automation in vitro diagnostics. From this new innovation the company will engage with more consumers by providing them help and thereby increase in market value.

Siemens Healthcare GmbH is the dominating player in global medical automation market. The other key players existing in the market are Brainlab AG, eScreen (a subsidiary of Abbott), QMeds Inc., HollySys Asia Pacific Pte Ltd., SP Automation & Robotics, Asahi Kasei Medical Co., Ltd. (a subsidiary of Asahi Kasei Corporation), Asteres Inc., ARxIUM, MedAvail Technologies, Inc., Stereotaxis, Inc., Parata Systems, LLC, 3M, Accuray Incorporated, Intuitive Surgical, Medtronic, Stryker, Cardinal Health, Omnicell, Inc., STANLEY Healthcare, Leica Biosystems Nussloch GmbH (a subsidiary of Danaher), McKesson Corporation, BD, Baxter, iCAD Inc., Tecan Trading AG, Koninklijke Philips N.V., GE Healthcare and Johnson & Johnson Services, Inc. among others.

Medical Automation MarketSiemens Healthcare GmbH

Siemens Healthcare GmbH is headquartered in Erlangen, Germany and was founded in the year 1896. The company focuses to enable healthcare providers to increase value by empowering them on their journey towards expanding precision medicine, transforming care delivery, and improving patient experience, all enabled by digitalizing healthcare. The company has business segments such as Imaging, diagnostics and advanced therapies in which imaging, and diagnostics is the market focused segment. The company has wide product categories such as medical imaging, laboratory diagnostics, point-of -care testing, digital health solutions, services & consulting, clinical specialties, accessories, OEM & electronics and healthcare it in which clinical specialties, laboratory diagnostics, healthcare it is the market focused category.

For instance,

  • 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.

The company has wide presence across North America, Asia-Pacific, Europe, Middle East and South America. The company also has various subsidiary companies such as Befund24 GmbH (Erlangen), Fast Track Diagnostics Research Limited (Dunblane/United Kingdom), Siemens Healthcare Limited, Frimley (Surrey/United Kingdom), Minicare B.V. (Amsterdam/Netherlands) and Siemens Healthcare Diagnostics GmbH (Vienna/Austria) among more.

Koninklijke Philips N.V.

Koninklijke Philips N.V. is headquartered in Amsterdam, Netherlands and founded in the year 1891. The company is engaged in offering diagnostic imaging, patient monitoring, image-guided therapy and health informatics and also solutions in consumer health and home care. The company has business segments such as diagnosis & treatment businesses, personal health businesses, connected care & health, and other in which diagnosis & treatment businesses is the market focused segment. The company has product categories which are for Consumer, For Professionals (Healthcare) in which for consumer is the market focused categories.

  • In November 2018, Koninklijke Philips N.V. has showcased portfolio of innovative solutions at 2018 Radiological Society of North America Annual Meeting (RSNA), comprising imaging systems, intelligent software applications and services. This strategy has helped the company to enhance the presence in global market, which leading acceleration in consumer base.

The company has presence across Europe, North America, South America, Asia-Pacific, Middle East and Africa. The company also has various subsidiary companies such as Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (The Netherlands), Philips Medical Systems Nederland B.V. (The Netherlands), Philips Ultrasound, Inc. (U.S.), Philips Oral Healthcare, LLC (U.S.) among others.

Medtronic

Medtronic is headquartered in Dublin, Ireland and founded in 1949. Company is engaged in offering medical technologies through services and solutions. Moreover company is exclusively focusing on emerging markets. The company has business segments such as cardiac and vascular group, minimally invasive therapies group, restorative therapies group, diabetes group in which minimally invasive therapies group is the market focused segment. The company has various product categories that are patient and caregivers, healthcare and professionals in which healthcare and professionals is the market focused category.

  • In June 2020, Merz Pharma GmbH & Co KGaA and Teijin Pharma Limited jointly announced the approval by Japan’s Ministry of Health, Labor and Welfare (MHLW) to market Xeomin (incobotulinumtoxinA). This approval anticipated to accelerate revenue growth of the company in the forecast years.

The company has presence in Asia Eastern Europe, Middle East, Asia Pacific, Africa, South America, North America, Middle East, Western Europe, South Asia, and Central Asia. The company also has various subsidiary companies such as Covidien Ltd. (Ireland), Medtronic MiniMed Inc (U.S.), Medtronic A (U.S.), Medtronic Vascular Inc (U.S.), Medtronic CoreValve LLC (U.S.) and others.