Global medical automation market is expected to grow a CAGR of 10% for the forecasted period of 2015 to 2021. The market is expected to reach $XXXX million from $XXXX million by 2021. The market is driven by growing need for error free and time saving technology in the healthcare industry. Growing number of innovative automation technologies is giving rise to global medical automation market. Governments and private bodies have understood the need of automation in healthcare sector and are providing significant funds. The automation is not just limited to logistics and manufacturing. It has reached operating rooms and diagnostic centers. The use of surgical robots is increasing. The rise of medical devices manufacturing, pharma industry and R&D in Asian market is also fuelling the growth in the market. However, certain factors such as high infrastructural and implementation cost, budget constraints for hospital, monopoly in surgical robotics market and limited awareness restrain the market growth.
The market is segmented on the basis of imaging devices which includes automated imaging market (radiography, fluoroscopy, microscopy and capsule endoscopy), automated image analysis market and point of care testing market. Market is segmented on the basis of therapeutic. The medical automation market is further segmented into non-surgical and surgical automation market. Segmentation includes lab and pharmacy automation, logistics and training. The end users include hospitals and diagnostic, pharmacies, research labs & institutes and others.
The geographies include North America, Europe, Asia Pacific and rest of the world. North America has the highest market share. The market consists of major market players and is well funded by government and private bodies alike. United States is the major market in North America. Asia Pacific is expected to grow a significant rate which is driven by increasing number of multi-specialist hospitals, increasing number of manufacturing facilities of big pharma companies and increased funding.
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Key companies in the market include Accuray Inc., Asahi Kasei Corp., Awarepoint Corp., Beckman Coulter Inc., Brainlab AG, CAE Ltd., Carefusion Corp., Carl Zeiss Group, Ekahau Inc., and others.
1. Accuray Inc.
2. Asahi Kasei Corp.
3. Awarepoint Corp.
4. Beckman Coulter Inc. (A Subsidiary of Danaher)
5. Brainlab AG
6. CAE Ltd.
7. Carefusion Corp.
8. Carl Zeiss Group
9. Ekahau Inc.
10. GE Healthcare (Subsidiary of General Electric Company)
11. Given Imaging Ltd.
12. Icad Inc.
13. Intuitive Surgical Inc.
14. Laerdal Medical As
15. Lifescan Inc. (A Subsidiary of Johnson & Johnson)
16. Medtronic Inc.
17. Moog Inc.
18. Omnicell Inc.
19. Omron Corp.
20. Parata Systems LLC
21. Philips Healthcare (A Subsidiary of Royal Philips Electronics)
22. Roche Holding AG
23. Siemens Healthcare (Subsidiary of Siemens AG)
24. Simsurgery As
25. St. Jude Medical Inc.
26. Stanley Black and Decker Inc.
27. Stryker Corp.
28. Swisslog Holdings AG
29. Tecan Group Ltd.
30. Abbot Inc.
This Occams Research report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR up to 2021
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
1.1. Executive summary
1.2. Estimation methodology
2. Market overview
2.1. Market definition and scope
2.2. Key findings
2.3. Parametric analysis
2.3.1. Annual increase in imaging
2.3.2. Annual increase in diagnostics
2.3.3. Multiple specialty hospital
2.3.4. Healthcare expenditure across geographies
2.4. Key market insights
2.4.1. Top 3 emerging countries
2.4.2. Top 3 revenue generating segments
2.4.3. Top growing markets and emerging trends
2.4.4. Patent analysis
2.4.5. R&D scenario in global medical automation market
2.5. Competitive intelligence
2.5.1. Market share analysis
2.5.2. Top winning strategies
2.5.3. Case studies: top competitive moves
2.6. Value chain analysis
2.7. Key buying criteria
2.8. Strategic recommendation
2.9. Strategic conclusions
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3. Market determinants
3.1. Market drivers
3.1.1. Adoption of innovative automation technologies giving rise to global medical automation market
3.1.2. Funding from government and private players to boost global medical automation market
3.1.3. Rise in surgical automation boosting the demand for medical automation market
3.1.4. Technological advancement enabling global medical automation market expansion
3.1.5. Innovation giving rise to growth of global medical automation market
3.1.6. Global increase in healthcare expenditure
3.1.7. Research and development by major players enable the global medical automation market to grow fast
3.2. Market restraints
3.2.1. High cost of automation may affect the growth of global medical automation market
3.2.2. Stringent regulations may affect the global medical automation market
3.3. Market challenges
3.3.1. Creating awareness for global medical automation market
3.3.2. Global economic slowdown may affect the global medical automation market
3.3.3. Stringent government regulations and policies
3.4. Market opportunities
3.4.1. Acquisition collaboration and partnership among major players creating huge scope for global medical automation market
3.4.2. R&D by major players to contribute significantly to global medical automation market
3.4.3. Emerging demand for efficiency and accuracy in healthcare domain
4. Sector Analysis
4.1. Parent market
4.2. Sub-segment market
4.3. Alternative market
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