The Medical
Automation Market Outlook and
Analysis by Type by End User and Region—Forecast till 2032
The global medical automation market is
driven by the various technological advancements in the medical sector in order
to reduce human work and risk factor involved with human work. rising
prevalence of chronic diseases like cancer, diabetes, and others along with the
increasing pharmaceutical & biotechnology sector is the significant drivers
for the market growth during the forecast period. on the other hand, the high cost involved with automation,
limitations with the robotic surgery along with the necessity of physician
training are the major restraining factor for the market growth during the
forecast period. According to a report published by Market Research Future
(MRFR), the global medical automation market has been assessed to rise
exponentially at a 8.9 % CAGR over the forecast period. Favorable government
initiatives, policies, and investments have contributed significantly to the
global medical automation market, enabling market players to provide
high-quality health care facilities for chronic health issues and complex
surgeries that have chances of human error.
Segmental analysis
The global medical automation market size is segmented on the basis of
type, end users, and region.
Based on type, the medical automation
market is segmented into diagnostic & monitoring automation, lab &
pharmacy automation, therapeutic automation, medical logistics & training,
and others. The diagnostic & monitoring automation segment is further
segmented into electronic imaging, point-of-care testing (POCT), automated
image analysis, and others.
Based on end users, the market is segmented into hospitals and diagnostic
centers, pharmacies, research labs & institutes, research labs &
institutes, and others. Based on the region, the global medical automation
market is segmented into North America, Europe, Asia Pacific, and the rest of
the world.
Regional Analysis
The North American region dominates the global medical
automation market due to affecting factors such as the rising prevalence of chronic diseases like cancer, diabetes, and others. Furthermore, advancements
in biotechnology and biopharmaceutical sectors within the region are driving the market growth during the
forecast period. North America is a global leader of technological
advancements and is estimated to drive market growth significantly over the
forecast period. The presence of major market players in the region, especially
in the U.S. also contributes to the dominant market standing of North America
in the global medical automation market.
Europe is the second largest regional market for global medical automation due
to factors such as the presence of developed economies in Europe which
contribute to market growth. The high investment in healthcare facilities and
growing demand for automated surgeries is estimated to drive the market over
the forecast period. The high purchasing power of the consumers enables them to
afford high-quality medical treatments, thus creating demand for medical
automation in the region.
In the Asia Pacific region, influential factors such as the growing
biotechnology and biopharmaceutical sectors, growing patient numbers and the
increase in healthcare expenditure along with the escalating demand for robotic
surgeries are driving the market growth. The growing need for proper healthcare
facilities in developing nations such as China and India is driving market
growth over the forecast period. Additionally, the rising purchasing power of
the consumers is enabling them to afford high-quality medical treatments, thus
raising the demand
Key players
The key market players in the global
medical automation market are Siemens AG, Koninklijke Philips N.V., General
Electric, Medtronic, Stryker, Accuray Incorporated, Danaher, and others. The
market players have shifted their primary focus on creating technological
advancements and invested in research and developments to provide solutions for
chronic illness and high-quality medical facilities.
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