The Global Medical Automation Market by Application is expected to reach USD 55.03 Billion, at CAGR of 9.5%

The market demands significant investments in R&D, in order to constantly come up with new innovative products and technologies. Through the development of innovative products, the players in the medical automation market compete against each other in order to enhance their market share.

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Medical Automation Market by Application

Geographical Analysis for Medical Automation Market:

The overall market is classified into four regions, namely, North America (U.S. and Canada), Europe, Asia-Pacific, and the Rest of the World. In 2015, the global medical automation market is estimated to be dominated by North America. The large number of ongoing clinical trials in the U.S., the high adoption rate of technologically advanced medical devices in this region, and developed healthcare reimbursement structure is contributing to the large share of the North American medical automation market.

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Medical Automation Market by Application:

On the basis of application, the market is divided into four segments, namely, diagnostic and monitoring automation (automated image analysis, automated imaging, and point-of-care testing), therapeutic automation (non-surgical automation and surgical automation), laboratory and pharmacy automation (laboratory automation and pharmacy automation), and medical logistics and training (logistic automation and trainers).

The medical logistics and training segment is expected to grow at the highest rate in the next five years, owing to high adoption of these automated systems (pneumatic tubes, AGV, RTLS, and RFID) by big hospitals and diagnostic centers.

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Global Diagnostics and Monitoring Automation Market

• Automated Imaging
  • Automated Fluoroscopy
  • Automated Radiography
  • Automated Microscopy
  • Capsule Endoscopy
• Point-of-care Testing (POCT)
• Automated Image Analysis

Given Imaging (Israel) is the market leader in the capsule endoscopes market, followed by Olympus Corporation (Japan). Given Imaging was the first company to launch capsule endoscopes and enjoys the first mover advantage.