In highly competitive pharmaceutical business, computerisation can prove to be huge operational advantage and key differentiator for the players of all sizes. Future of healthcare industry is progressively being defined by advent of faster, easy-to-use, more accurate devices that are racing high on wave of medical automation. With the massive number of people above 60-year threshold, the healthcare sector is facing irresistible need to scale up the assets and brace forthe spike in healthcare needs. Hence, the automation is likely to be real game changer.
There are numerous market dynamics that are mutually creating need for the more automation in medical industry. According to the article published in the Health Affairs, there will be shortage of 260,000 listed nurses by the year 2025 in the U.S. The situation won’t be radically different in other advanced countries where workforce is aging rapidly. With less humans available to bring out all of the tasks in healthcare industry, pharmaceutical companies and healthcare institutions are focusing on the automation to get the redundant and repetitive tasks done. Though, as has been case with numerous other industries, computerisation is regarded as job killer and has been conflicting in several countries globally.
Segment Overview
Medical institutions as well as companies are channelling extra funds into the medical automation systems and the software induced by the benefits including cost containment, greater transparency in processing, increased speed, and reduction in errors. Thus lays a strong base for the growth of global market. Another change which is driving adoption of the medical automation is high degree of interest in the point-of-care testing devices for the pregnancy, blood pressure, blood glucose levels, and HIV.
Regional Overview
As of 2019, North America is projected to hold the largest market share followed by Europe. However, Asia-Pacific market is likely to grow at highest CAGR from 2020 to 2026. Presence of large geriatric population; growing prevalence of diabetes, CVDs, and cancer; increasing number of the clinical research activities; and rising government expenditure on the healthcare as well as life sciences research are driving the growth of Asia-Pacific medical automation market.
Competitor overview
The top developments that are shaping global medical automation market are inexpensive automation software and the systems make everyday tasks easier. There is massive market that previously remains untapped in the emerging countries, where healthcare sector is packed under the burden of outdated machinery and techniques. The gap could provide window of prospect for the companies offering the medical automation software as well as solutions.
Key Players
- Koninklijke Philips N.V.
- Siemens AG,
- General Electric Company
- Medtronic plc.
- Tecan Group Ltd.
- Intuitive Surgical, Inc.
- Stryker Corporation
- Accuray Incorporated
- Danaher Corporation
- Swisslog Holding AG
Market Segmentation
By Application
- Diagnostics & Monitoring,
- Therapeutics,
- Lab & Pharmacy Automation,
- Medical Logistics & Training
- Hospital,
- Diagnostic Center,
- Research Institute,
- Home/Ambulatory Care
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
1 Report Prologue 13
2 Market Introduction 16
- 2.1 Introduction 16
- 2.2 Scope of Study 16
- 2.3 Research Objective 16
- 2.4 Assumptions & Limitations 17
- 2.4.1 Assumptions 17
- 2.4.2 Limitations 17
3 Research Methodology 18
- 3.1 Research Process 18
- 3.2 Primary Research 19
- 3.3 Secondary Research 19
- 3.4 Market Size Estimation 19
- 3.5 Forecast Model 20
4 Market Dynamics 21
- 4.1 Introduction 21
- 4.2 Drivers 22
- 4.2.1 Increasing prevalence of the chronic diseases like cancer, diabetes, and others (Impact Weightage- 33%) 22
- 4.2.2 Growing pharmaceutical and biotechnology sector facilitates the automation of the medical sector (Impact Weightage- 35%) 23
- 4.2.3 Growing demands for robotic surgery and rising healthcare expenditure (Impact Weightage- 32%) 24
- 4.3 Restrains 25
- 4.3.1 High cost of automation (Impact Weightage-55%) 25
- 4.3.2 Risks associated to the robotic surgery followed by the necessity of physician training (Impact Weightage-45%) 26
5 Market Factor Analysis 27
- 5.1 Porter’s Five Forces 27
- 5.1.1 Introduction 27
- 5.1.2 Bargaining power of suppliers 27
- 5.1.3 Bargaining power of buyers 28
- 5.1.4 Threat of new entrants 28
- 5.1.5 Threat of substitutes 28
- 5.1.6 Degree of rivalry 28
- 5.2 Value Chain Analysis 29
- 5.2.1 Engagement and Designing 29
- 5.2.2 Manufacturing 29
- 5.2.3 Distribution & Sales 30
- 5.2.4 Post-sales Follow-ups 30
6 Global Medical Automation Market, By Type 31
- 6.1 Introduction 31
- 6.2 Diagnostic & Monitoring Automation 34
- 6.3 Therapeutic Automation 35
- 6.4 Lab & Pharmacy Automation 37
- 6.5 Medical Logistics & Training 38
7 Global Medical Automation Market, By End User 39
- 7.1 Introduction 39
- 7.1.1 Hospitals and Diagnostic Centers 40
- 7.1.2 Pharmacies 41
- 7.1.3 Research Labs & Institutes 41
- 7.1.4 Home/Ambulatory Care Settings 42
8 Global Medical Automation Market, By Region 43
- 8.1 Introduction 43
- 8.2 Americas 44
- 8.2.1 U.S. 48
- 8.2.2 Canada 50
- 8.2.3 South America 52
- 8.3 Europe 54
- 8.3.1.1 Germany 58
- 8.3.1.2 France 60
- 8.3.1.3 U.K. 62
- 8.3.1.4 Italy 64
- 8.3.1.5 Spain 66
- 8.4.1 Japan 75
- 8.4.2 China 77
- 8.4.3 India 79
- 8.4.4 Republic of Korea 81
- 8.4.5 Australia 83
- 8.4.6 Rest of Asia Pacific 85
- 8.5.1 Middle East 90
- 8.5.2 Africa 93
9 Competitive Landscape 95
- 9.1 Introduction 95
10 Company Profiles 96
- 10.1 Koninklijke Philips N.V. 96
- 10.1.1 Company Overview 96
- 10.1.2 Financials 96
- 10.1.3 Products 96
- 10.1.4 Strategy 96
- 10.1.5 Key Developments 96
- 10.2 Siemens AG 97
- 10.2.1 Company Overview 97
- 10.2.2 Financials 97
- 10.2.3 Products 97
- 10.2.4 Strategy 97
- 10.2.5 Key Developments 97
- 10.3 GENERAL ELECTRIC 98
- 10.3.1 Company Overview 98
- 10.3.2 Financials 98
- 10.3.3 Products 98
- 10.3.4 Strategy 98
- 10.3.5 Key Developments 98
- 10.4 Medtronic 99
- 10.4.1 Company Overview 99
- 10.4.2 Financials 99
- 10.4.3 Products 99
- 10.4.4 Strategy 99
- 10.4.5 Key Developments 99
- 10.5 Stryker 100
- 10.5.1 Company Overview 100
- 10.5.2 Financials 100
- 10.5.3 Products 100
- 10.5.4 Strategy 100
- 10.5.5 Key Developments 100
- 10.6 Danaher 101
- 10.6.1 Company Overview 101
- 10.6.2 Financials 101
- 10.6.3 Products 101
- 10.6.4 Strategy 101
- 10.6.5 Key Developments 101
- 10.7 Accuray Incorporated 102
- 10.7.1 Company Overview 102
- 10.7.2 Financials 102
- 10.7.3 Products 102
- 10.7.4 Strategy 102
- 10.7.5 Key Developments 102
11 Appendix 103
- 11.1 Discussion Blue Print 103
- 11.2 References 104
12 Conclusion 105
- 12.1 Key Findings 105
- 12.1.1 CEO’s Viewpoint 105
- 12.1.2 Key Companies to Watch 105
- 12.1.3 Prediction of Medical Automation Industry 105
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
