Global Medical Automation Market Outlook, Prospect and Future 2027
Summary - A new
market study, titled “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
2016 – 2027- COVID- 19 Updated”has been featured on WiseGuyReports.
REPORT HIGHLIGHT
The Medical Automation market is estimated to represent a
global market of USD 48.96 billion by 2019 with growth rate of 15.4%.
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.
COVID-19 Impact and Recovery Analysis
This is a latest Medical Automation market report, covering
the current COVID-19 impact on the market. The pandemic has affected every
aspect of life globally. This outbreak has brought along several changes in
Medical Automation market conditions. The rapidly changing market scenario and
initial and future assessment of the COVID impact is covered in the published
Medical Automation report. It covers the entire study with an in-depth analysis
on revenue growth and possible growth prospect in future. The report also
delivers on key players along with strategic standpoint pertaining to price and
promotions.
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 has been
provided for the period 2016 to 2027, considering 2019 as the base year. The
report also provides the compounded annual growth rate (% CAGR) for the
forecast period 2021 to 2027 for every reported segment.
The years considered for the study are:
Historical Year – 2016 to 2018
Base Year – 2019
Estimated Year – 2020
Projected Year – 2027
The proposed reports analyse and evaluates the COVID-19
impact, and anticipated change on the future market scenario on this industry,
by taking into the account the economic, political, technological, and social,
parameters.
SCOPE OF THE REPORT
The scope of this report covers the market by its major
segments, which include as follows:
GLOBAL MEDICAL AUTOMATION MARKET, BY APPLICATION
Diagnostic
Therapeutic
Laboratory & Pharmacy
Medical Logistics
GLOBAL MEDICAL AUTOMATION 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
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5641670-medical-automation-market-by-application-diagnostic-therapeutic-laboratory
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