19 November 2019 - Medical Automation Market in 2015
was estimated to be at USD 34.21 billion. The major factors impelling the
growth are rising adoption rate of automated equipment for therapy and
diagnosis of chronic disorders. According to a report by WHO, chronic diseases
are considered to be the leading cause of mortality globally. These diseases include
respiratory diseases, diabetes, heart disease, stroke and cancer which accounts
for around 60% of deaths.
As per a research published by NCBI, around 40.5% of the
population in U.S. is predicted to suffer from one or more than one
cardiovascular disease by 2030, leading to expansion of the patient base.
Increasing adoption of automated devices can be attributed to the rising
demands for reproducibility and accuracy in wide array of medical procedures.
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Moreover, the rise in laboratory automation and benefits
associated with automation in pharmacies is broadening the growth prospects
further. These benefits include such as reliability, speed, reduction of errors
in huge sampling and greater cost efficiency which is anticipated to positively
impact future demand over the coming years. Furthermore, advent of
technologically advanced products such as usage of robots in radio surgery,
material handling in hospitals and others, are factors predicted to drive
growth potential.
Application Insights
The largest share of over 35.0% in application segment was
held by therapeutic automation in 2015. The dominance can be attributed to
consistent rise in the adoption rate of automated devices such as therapeutic
dispensing systems, defibrillators, surgical robots, automated microscopes,
portable imaging device and orthopedic navigation systems.
The high demand for automation while performing minimally
invasive surgeries is expected to widen the scope for adoption of robotic
surgical systems thereby fueling to the medical automation industry over the
coming years. The advantages offered by these systems such as increase in
process efficiency and enhanced patient safety. In addition, they can be used
as standard emergency care which is predicted to drive the growth prospects and
further broaden the penetration of these systems in future.
End-use Insights
The segment was dominated by hospitals & diagnostics
centers segment in 2015 with a share of more than 25.0%. The dominance can be
attributed to growing usage of automated devices in pharmacies &
laboratories sufficing various requirements in diagnostic procedures.
Automation in hospital segment, particularly in tier 2 &
3 cities of emerging economies of the Asia Pacific region such as India is
presenting with lucrative opportunities. For example, the Indian hospitals
including Fortis and Apollo are aiming at providing automated healthcare
services which are operational in the region.
Moreover, presence of various government agencies such as National
Patient Safety Agency is striving for improvement in penetration of automation
in hospitals, which is responsible for greater share garnered by hospitals.
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Market Segment:
Global Medical
Automation Application Outlook (Revenue, USD Million, 2014 - 2024)
• Diagnostic
& Monitoring Automation
•
Automated imaging & analysis
•
Point-of-care testing
• Therapeutic
Automation
•
Surgical Automation
•
Non-surgical Automation
• Lab and
Pharmacy Automation
•
Laboratory Automation
•
Pharmacy Automation
• Medical
Logistics and Training
Global Medical
Automation End-use Outlook (Revenue, USD Million, 2014 - 2024)
• Hospitals
& Diagnostic Centers
• Research
Laboratories & Institutes
• Pharmacies
• Home &
Ambulatory Care
A substantial revenue share of over 43.0% was held by North
America in 2015 as a consequence of increasing healthcare expenditure by
government healthcare and life science sectors to promote research. Europe held
the second largest market share owing to demographic shift in geriatric patient
base, possessing greater susceptibility to chronic disorders thereby pushing
demand for automated point-of-care testing.
Additionally, presence of various government organizations
including Medicine and Healthcare Products Regulatory Agency which validates
automated systems in pharmacies and devices with the regulations of the region
is predicted to provide growth opportunities in the coming years. Asia Pacific
is anticipated to witness attractive growth opportunities during the forecast
period owing to the frequent upgradation in healthcare infrastructure, growing
patient awareness levels and prevalence of cardiovascular diseases, orthopedic
disorders, cancer and diabetes.
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