Medical Automation Market Medical Automation Market | Page 2

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On the basis of end users, the global medical automation market is divided into four segments,
namely, hospitals and diagnostic centers, pharmacies, research laboratories and institutes, and
home/ambulatory care settings and other end users.
A number of factors such as rising government support for medical automation, growing need
for reproducibility and accuracy during medical procedures, investments by venture capitalists
and collaborations to promote automated medical devices, and technological advancements
are fueling the demand for automation in the healthcare industry. Additionally, increasing use
of automation in various research activities, rising cost of labor, and rising number of research
studies in emerging nations are some other factors contributing to the growth of the medical
automation market. On the other hand, stringency of regulatory procedures leading to delay in
product launches and high cost of automated solutions are the key factors hampering the
growth of the global medical automation market.
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North America is estimated to hold the largest share of the global medical automation market,
followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR
of 11.6% from 2015 to 2020. Presence of a large geriatric population; increasing prevalence of
CVDs, diabetes, and cancer; rising number of clinical research activities; and growing
government expenditure on healthcare and life sciences research are propelling the growth of
the Asia-Pacific medical automation market.
Koninklijke Philips N.V. (Netherlands), Siemens AG, (Germany), General Electric Company (U.S.),
Medtronic plc. (U.S.), Tecan Group Ltd. (Switzerland), Intuitive Surgical, Inc. (U.S.), Stryker
Corporation (U.S.), Accuray Incorporated (U.S.), Danaher Corporation (U.S.), and Swisslog
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