Medical Automation Market, By Application (Diagnostic, Therapeutic, Laboratory & Pharmacy, and Medical Logistics) and Geography (NA, EU, APAC, and RoW) Analysis, Share, Trends, Size, & Forecast From 2014 2025
REPORT HIGHLIGHT
The Medical Automation market is estimated to represent a global market of USD 35.23 billion by 2017 with growth rate of 10.9%.
Market Dynamics
Medical Automation systems involves safely assisting patients with care to avoid any injuries to patient or caregiver and equipment provides effective mobility, comfort to patients using tools such as slings, lifts, hoists, etc. which help in safe and easy patient handling experience. The concept of medical automation is increasing among the patient population as manual lifting involves risks of injuries & musculoskeletal disorders (MSDs) caused by lifting and moving patients. The aging population is expected to be another factor augmenting the overall market growth. Patients with disabilities and geriatric patients demand an extra care pre and post-surgical procedures, therefore, the demand for automated medical equipment such as power wheelchairs, hoists and slings increases, providing a strong platform for the industry growth.
Furthermore, strict regulations against the manual lifting of heavy loads in healthcare facilities support the medical automation systems market. For example, guidelines published under Health and Safety Executive, Safety Health & Welfare at Work Regulations 2007, Workplace Safety and Health Council, CDC guidelines for manual handling of material, and European Agency for Safety & Health at Work (EU-OSHA) are in favor to use automated equipment in healthcare settings. All above factors stimulate the demand for these products, driving the market growth. A major roadblock to the growth of this industry is the dearth of skilled professionals, especially in developing regions.
Application Takeaway
The market is majorly classified in terms of application area into Diagnostic, Therapeutic, Laboratory & Pharmacy, and Medical Logistics. Among which, therapeutic segment captured the largest share of the total market. This segment covers both surgical and non-surgical automation. The surgical sector includes intelligent operating room, surgical robotics, surgical navigation and intraoperative imaging. Whereas non-surgical segment includes automated medication system, defibrillator, and others. In 2017, this segment achieved USD 13.8 billion and is projected to remain on the top spot over the future period. Advancement in technologies coupled with rising demand for therapeutic automation among end-users has helped this segment to grow consistently.
Global Medical Automation Market, by Application, 2017 vs 2025
Regional Takeaway
Regionally, North America captures the largest share of the global market. Introduction of innovative products coupled with rising research and development activities by key players support the market growth in this region. Additionally, increasing investment by venture capitalists coupled with rising promotional activities by government organizations for medical automation support the industry grow further. The Asia Pacific and Latin America are anticipated to grow with highest growth rate owing to the rising number of surgical procedure coupled with growing demand for automation in medical industries.
Key Vendor Takeaway
The global industry is characterized by the presence of numerous participants which demonstrates a highly competitive and a fragmented structure. Companies such as Medtronic, GE Healthcare, Stryker, Siemens, and Philips are profiled in detail. These players are profiled based on attributes such as company overview, financial performance, and key developments. Introduction of technologically advanced equipment is considered to be a major trend in this industry which is likely to propel the revenue growth.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2017
- Estimated Year – 2018
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Hospitals
- Government and Regional Agencies and Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY APPLICATION
- Diagnostic
- Therapeutic
- Laboratory & Pharmacy
- Medical Logistics
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
TABLE OF CONTENT
1. MEDICAL AUTOMATION MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. MEDICAL AUTOMATION KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. MEDICAL AUTOMATION INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. MEDICAL AUTOMATION MARKET LANDSCAPE
5.1. Market Share Analysis
6. MEDICAL AUTOMATION MARKET – BY APPLICATION:
6.1. Overview
6.2. Diagnostic
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Therapeutic
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Laboratory & Pharmacy
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Medical Logistics
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. MEDICAL AUTOMATION MARKET– BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.3. U.S.
7.2.3.1. Overview
7.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.4. Canada
7.2.4.1. Overview
7.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Europe
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.3. France
7.3.3.1. Overview
7.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.4. Germany
7.3.4.1. Overview
7.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.5. Rest of Europe
7.3.5.1. Overview
7.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Asia Pacific (APAC)
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.3. China
7.4.3.1. Overview
7.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.4. India
7.4.4.1. Overview
7.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.5. Rest of APAC
7.4.5.1. Overview
7.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Rest of the World
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.3. Latin America
7.5.3.1. Overview
7.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.4. Middle East and Africa
7.5.4.1. Overview
7.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. KEY VENDOR ANALYSIS
8.1. Medtronic
8.1.1. Company Overview
8.1.2. SWOT Analysis
8.1.3. Key Developments
8.2. GE Healthcare
8.2.1. Company Overview
8.2.2. SWOT Analysis
8.2.3. Key Developments
8.3. Stryker
8.3.1. Company Overview
8.3.2. SWOT Analysis
8.3.3. Key Developments
8.4. Siemens
8.4.1. Company Overview
8.4.2. SWOT Analysis
8.4.3. Key Developments
8.5. Philips
8.5.1. Company Overview
8.5.2. SWOT Analysis
8.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
9. 360 DEGREE ANALYSTVIEW
10. APPENDIX
10.1. Research Methodology
10.2. Abbreviations
10.3. Disclaimer
10.4. Contact Us
List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Medical Automation Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Medical Automation Market, by Application, 2014 – 2025 (USD Billion)
Table 11 Medical Automation Market, by Geography, 2014 – 2025 (USD Billion)
Table 12 North America Medical Automation Market, 2014 – 2025 (USD Billion)
Table 13 U.S. Medical Automation Market, 2014 – 2025 (USD Billion)
Table 14 Canada Medical Automation Market, 2014 – 2025 (USD Billion)
Table 15 Europe Medical Automation Market, 2014 – 2025 (USD Billion)
Table 16 France Medical Automation Market, 2014 – 2025 (USD Billion)
Table 17 Germany Medical Automation Market, 2014 – 2025 (USD Billion)
Table 18 Asia Pacific Medical Automation Market, 2014 – 2025 (USD Billion)
Table 19 China Medical Automation Market, 2014 – 2025 (USD Billion)
Table 20 India Medical Automation Market, 2014 – 2025 (USD Billion)
Table 21 Latin America Medical Automation Market, 2014 – 2025 (USD Billion)
Table 22 MEA Medical Automation Market, 2014 – 2025 (USD Billion)
List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Medical Automation Market, by Application, 2014 – 2025 (USD Billion)
Figure 6 Medical Automation Market, by Geography, 2014 – 2025 (USD Billion)
