Published: Mar, 2018
The global market for healthcare automation is anticipated to demonstrate a steady growth curve over the coming years. According to a recently published report by Transparency Market research (TMR), the market vendors are expected to focus on product innovation and adopt business strategies such as expansion through mergers and acquisitions. Some prominent names in the global healthcare automation market are General Electric Company, Koninklijke Philips N.V., Siemens AG, and Swisslog Holding AG.
TMR’s report states that the global healthcare automation market was estimated to be at US$29.31 bn in the year 2016. The market, with a growth rate of 8.8% over the forecast period of 2017 to 2025, is expected to reach an estimation of US$58.98 bn. North America is predicted to hold a dominant share of the market revenue with a 39.5% share over other regions.
Demand for Minimally Invasive Surgeries to Drive Therapeutic Automation Segment
Therapeutic automation held the large revenue share of in the application segment of the worldwide healthcare automation market. This dominance is credited to the expanding use of robotized gadgets, for instance, orthopedic route frameworks, versatile imaging gadgets, computerized magnifying lens, surgical robots, defibrillators, and remedial apportioning systems.
The expanding interest for minimally intrusive surgeries is further expanding the take-up of mechanical surgery frameworks, which is predicted to uplift the general therapeutic automation market over the coming years. The advantages offered by these frameworks incorporate enhanced patient wellbeing, expanded effectiveness of the methodology, are the factors that are assessed to impact the infiltration of mechanized frameworks over the years to come.
IoT and Wearable Gadgets to Provide Rich Market Opportunity
Rising interest for IoT is a fundamental pattern in the worldwide healthcare automation market. With the help of this innovation, gathering restorative information of patients are effortless. In any case, it bolsters in enhancing the wellbeing by great quality and availability of care and furthermore diminishes the expenses. Furthermore, innovation helps in clinical care and remote observing. Interest for wearable innovation is rising quickly and is a critical trend emerging in the worldwide market.
The market upswing over the coming years is ascribed to the developing interest for exactness and reproducibility amid restorative systems offered by CyberKnife and the robotized defibrillators for the treatment of tumor. Moreover, the rising automation in research facilities and drug stores give advantages, such as reduced costs, scaling down of errors in mass testing, speed, and precision, which is relied upon to apply a positive effect on the future demand for restorative automation.
In addition, mechanical headways, such as mechanical radio surgery systems and computerized material dealing with frameworks utilized as a part of the health centers are the components anticipated that would drive the market growth.
This review is based TMR’s report titled, “Healthcare Automation Market (Application - Therapeutic Automation, Lab and Pharmacy Automation, Logistics and Training Automation, and Diagnostics and Monitoring Automation; End Use - Pharmacies, Research institutes and labs, and Home Care) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025”
- Automation to aid remote monitoring and clinical monitoring of patient, fuelling market growth further.
- Penetration of IoT in hospitals and popularity of wearable gadgets to emerge leading market trends.
For the study, the market has been segmented as follows:
Healthcare Automation Market, by Application:
- Therapeutic Automation
- Lab and Pharmacy Automation
- Logistics and Training Automation
- Diagnostics and Monitoring Automation
Healthcare Automation Market, by End Use:
- Research institutes and labs
- Home Care
Healthcare Automation Market, by Geography:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America
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