Medical Automation Technology Market

SKU: DMMD2123 | Last Updated On: Nov 07 2022 | Available Formats

>Medical Automation Technology Market Expected to reach at a high CAGR of 5.2% by 2029

Medical Automation Technology Market is segmented By Automated health assessment and monitoring (Automated home monitoring and telemetry, Telehealth kiosks, Automated eye examination devices, Automated drug testing, Others), By Automated imaging and image analysis (Automated radiography and fluoroscopy, Automated whole-breast ultrasound, Computer-aided detection, Automated microscopy, Automated skin cancer detection, Others), By Automated prescription formulation and dispensing (Packaging machines, Intravenous compounders, Others), By Automated therapeutic (nonsurgical) procedures (Automated defibrillators, Automated medication delivery systems), By Medical robotics and computer-assisted surgical devices (Surgical planners and simulators, Surgical navigation systems, Surgical robots, Intelligent operating rooms and related equipment), By End-user (Hospitals, Ambulatory surgical centers, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Medical Automation Technology Market Size, Growth, Share Insights:

Medical Automation Technology Market is expected to grow at a high CAGR of 5.2% during the forecasting period (2022-2029). Medical automation is the technology used to minimize medical errors, promote better chronic illness management, and enable healthcare professionals to anticipate the prognosis. It controls the monitoring, diagnostic, and therapeutic machinery that serves the major responsive tasks in hospitals and clinics. It also increases the predictability of results when the patients follow a standardized care path supported by automation.

Medical Automation Technology Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on the Medical Automation Technology Market segmentation by Automated health assessment and monitoring, by Automated imaging and image analysis, by Automated prescription formulation and dispensing, Medical robotics and computer-assisted surgical devices, and by end user. It also provides global Medical Automation Technology Market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.

Medical Automation Technology Market Scope

Metrics

Details

Market CAGR

5.2%

Segments Covered

By Automated Health Assessment and Monitoring, By Automated Imaging And Image Analysis, By Automated Prescription Formulation and Dispensing, By Automated Therapeutic (Nonsurgical) Procedures, By Medical Robotics and Computer-Assisted Surgical Devices, By Automated Laboratory Testing and Analysis, By End User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Medical Automation Technology Market Growth Drivers, and Opportunities

The growing applications of medical automation technology and its benefits in the medical fields, such as personalized medicine, digital diagnostics, medical imaging, drug repurposing, and new drug or medical device developments, propel the growth of the medical automation technology market.

The increasing applications and benefits of medical automation technology drive global market growth.

The growing application of automation technology in different healthcare domains with its benefits is pushing global market growth. For instance, Brainomix has pioneered the development of an AI platform that automates validated imaging biomarkers to improve diagnosis and treatment decisions, such as e-ASPECTS, that measure both large and small vessel occlusions. It fully automates and standardizes ASPECTS scores and measures the volumes of ischemic signs. Performing scans for hypodensity provides the output in three formats: PACS (Picture Archiving and Communication System), e-mail notifications, and mobile app/ web user interface. Moreover, the early identification and accurate diagnosis of acute stroke are critical for achieving good patient health, which is now possible with GE healthcare cutting-edge technologies like FastStroke and StrokeSENS-LVO, which flags the suspected cases from the results obtained using CT/MRI brain scans. Furthermore, the development of Microsoft's Hololens 2, a mixed reality headset, enables the surgeon to head up information while allowing them to use both hands in the ongoing procedure. Such applications of medical automation technology and their vast benefits fuel the global market growth.

The high cost of automation equipment and lack of skilled professionals are hampering the global medical automation technology market growth.

However, the tax imposed by the government bodies on medical device manufacturers, the high cost of the automation equipment, and lack of skilled professionals and the rigorous approval procedures to launch a product or service by companies are likely to hinder the market growth.

Industry analysis.

The global medical automation technology market report will provide an in-depth analysis of the market based on various industry factors such as porter`s five forces, innovations, new product launches, pricing analysis, Etc.

COVID-19 Impact Analysis

COVID-19 has offered the medical automation technology market growth opportunities. For instance, COVID-19 has revealed an urgency for virtual care interventions to reduce interruptions to a minimum and minimize compromised access to healthcare. For example, Harward Global Health Institute developed an app for the COVID-19 forecasting model, which enabled a prior warning system for COVID-19 cases, hospitalizations, ICU admissions, ventilator utilization, and deaths, allowing the healthcare official to be proactive and suppress the pandemic, positively encouraging the world for the augmentation of automation technology in the medical field.

Medical Automation Technology Market Segmentation Analysis

The automated whole-breast ultrasound segment is predicted to have the largest global Medical Automation Technology market share during the forecast period (2022-2029).

The automated whole-breast ultrasound segment is expected to grow at a high rate owing to the increasing number of breast cancer cases globally. For instance, according to the world health organization, in 2020, around 2.3 million women were diagnosed with breast cancer, and 685,000 deaths were because by breast cancer worldwide. 7.8 million women have been diagnosed with breast cancer in the last 5 years, which has made breast cancer the world`s most prevalent type of cancer. Moreover, per the breast research cancer foundation, a new case of breast cancer is diagnosed every 14 seconds worldwide, making breast cancer the fastest growing and most prevalent cancer in the world after skin cancer; it is the most frequently diagnosed cancer among women in 140 of 184 countries worldwide. Furthermore, the recent developments in the whole-breast ultrasound segment ensure its dominance over the global market. For instance, the development of the 3-D breast ultrasound technique enables a detailed impression of the margins and the surroundings of a lesion in a view from above; also, the augmentation of AI into the ultrasound has allowed for the pre-selection of relevant images, automatic or semi-automatic measurements, enhanced labeling and reporting, and beyond.

Medical Automation Technology Market Geographical Analysis

The North American region commands the global medical automation technology market during the forecast period (2022-2029).

The North American region commands the global medical automation technology owing to the growing spending on healthcare in the United States. For instance, U.S. health care spending increased 9.7 percent to reach $4.1 trillion in 2020, a much faster rate than the 4.3 percent increase experienced in 2019. Spending on hospital care services increased 6.4 percent in 2020, a similar growth rate to that of 6.3 percent in 2019, and reached $1.3 trillion. Furthermore, the presence of a majority of key market players in North America, such as Accuray Incorporated, Intuitive Surgical, Stanley Black and Decker Inc, Becton Dickinson and Company, Danaher Corporation and Kahle automation, holding a majority of the market share is ensuring that North America is oppressing the global medical automation technology market throughout the forecast period (2022-2029).

Competitive Landscape

The major global medical automation technology market players are Siemens AG, Accuray Incorporated, Kahle automation, Muratec, Ltd., Schneeberger, Hitachi, Danaher Corporation, Becton, Dickinson and Company, Stanley Black and Decker Inc, and Intuitive Surgical. The key players are adopting various strategies such as product launches, mergers & acquisitions, partnerships, and collaborations, contributing to the growth of the medical automation technology market globally. For instance, on 04 August 2022, Siemens AG acquired Brightly, a leading U.S.-based software-as-a-service (SaaS) provider. Also, on June 2, 2022, Accuray Incorporated partnered with Limbus AI Inc. to enhance Accuray adaptive radiotherapy solutions.

Siemens AG

Overview:

Siemens AG is a leading industrial manufacturing company founded in 1847 and is headquartered in Munich. At present, Siemens has fifty-five subsidiaries enlisted under the German Commercial Code. The company deals with Industry Solutions, Energy Solutions, Healthcare Solutions (Siemens Healthineers), and Infrastructure & City Solutions.

Product Portfolio:

Siemens AG has Medical Imaging Products, Laboratory Diagnostic Products, Point-of-Care Testing products, Digital Health Solutions, Accessories, OEM & Electronics Products and Healthcare IT Solutions in its healthcare product portfolio.

The global medical automation technology market report would provide access to approximately 40+ market data tables, 45+ figures, and in the range of 200 (approximate) pages


Frequently Asked Questions

What is the Projected CAGR value of the Global Medical Automation Technology Market?

Medical Automation Technology Market is expected to grow at a CAGR of 5.2% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Medical Automation Technology Market during 2022-2029

Which is the fastest growing region in the global market for Medical Automation Technology?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period 

What are the regions covered in the global market for Medical Automation Technology?

Major regions covered in the report such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Who are the major players leading the global Medical Automation Technology Market?

Some of the major companies in the market are Siemens AG, Accuray Incorporated, Kahle automation, Muratec, Ltd., Schneeberger, Hitachi, Danaher Corporation, Becton, Dickinson and Company, Stanley Black and Decker Inc, and Intuitive Surgical, and others.

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