(MENAFN- America News Hour)
Kenneth Research has evaluated the current market opportunities in Medical Automation Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medical Automation Market products.
Download Sample of This Strategic Report:
Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
The medical automation 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.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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.
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.
Download Sample of This Strategic Report:
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 Research report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR up to 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
Request for Complete Report:
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Phone: +1 313 462 0609
For More Related Reports:-
Global High Temperature Silicon Market
Global Silicone Grease Market
Conductive Epoxy Market
Flexible foam insulation Market
Global Elastomeric Foam Insulation Market
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.