Increasing prevalence of chronic diseases coupled with rapid advancement in technology such as introduction of electronic health record (EHR) are expected to propel the growth of medical automation market over the forecast period. High demand for accuracy in surgeries is likely to trigger the growth of this market. Furthermore increasing demand for minimal invasive medical procedures, favorable government policies and increasing disposable income are other high impact rendering drivers for this market. Huge investment in R&D leads to introduction of advanced drugs and devices, the chances of automated machines to get adopted in daily practices is increasing day-by-day. Owing to the fund or budget it is generally noticed that medical automation is mostly practiced in large to medium size hospitals rather than medium to small size hospitals.
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On the basis of application, diagnostic and monitoring automation market is expected to show significant growth rate by 2022 owing to increasing demand of electronic imaging devices and ongoing upsurge in technology. The surgical automation market under therapeutic automation market is anticipated to witness lucrative growth over the forecast period owing to the involvement of surgical robots, surgical navigation, intraoperative imaging, surgical simulators, and intelligent operating room with the real time operation feature. Hospitals and diagnostic centers are expected to dominate market and contribute above 50% of the global market share. Owing to increasing prevalence of chronic disease coupled with rising government support, this market is anticipated to witness significant growth over the forecast period.
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Geographically, North America dominated the global medical automation market, in 2014. Owing to rapid innovation in technology and advanced medical infrastructure the market is expected to maintain its lead during the forecast period. Asia Pacific region is anticipated to witness significant growth due to favorable government norms, increasing rate of awareness about medical automation, rising disposable income and huge potential market.
Some of the major market players of the global medical automation market are Philips Healthcare, Siemens Healthcare, Accuray, Inc., Intuitive Surgical Inc., Beckman Coulter, Medtronic, Inc., CAE, Ltd., Awarepoint Corp., Given Image Ltd., Parata System LLC, Ekahau, Inc., Stenley Black and Decker, Inc., Icad, Inc., Omron Corporation and Holding AG.
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