Medical Automation Technology Market Analysis By Industry Value, MarketSize, Top Companies And Growth Forecast by 2027
Holding the promise to unburden healthcare staff from lengthy documentation of patient information, medical automation technology has been penetrating industry faster. Research indicates that adoption of medical automation technology has seen a whopping 11% rise. Escalating adoption prevails as there has been commendable increase in deployment of medical automation technologies across hospitals, and other healthcare facilities across the US, the EU, and other key economies of the world.
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Fairfield Market Research in its latest upcoming report would offer an exclusive insightful analysis of global medical automation technology market. With robotic surgical devices becoming ubiquitous, and telemedicine firming up with a solid push from COVID-19 pandemic, it is more likely that the interest around robotic automated systems will rise, supplementing the growth of medical automation technology market. Market will also remain influenced by a substantially expanding elderly patient population that naturally piles up the workload for healthcare staff.
Medical Automation Technology Market: Competitive Landscape
IBM continues to stay on top with a 3x larger market cap than Cerner, its closest competitor in the sector. Research is based on an in-depth review of 100 leading companies in this sector, which reveals the top 10 players. Some of these leading companies include McKesson, Epic, Siemens Healthineers, Meditech, GE Healthcare, and Allscripts Healthcare Solutions
Automation Technology Providers to Benefit the rom Rising Boom Around Minimally Invasive Surgeries
Growing inclination of patients, as well as surgeons toward minimally invasive surgical procedures also points to the exponentially rising need for more efficient diagnosis and monitoring as well. Demand for medical automation technology for diagnosis, surgeries, and monitoring is expected to be on an uptrend according to research findings. With sophisticating healthcare infrastructure, cost efficiency of minimally invasive surgeries over open surgical counterparts, and growing significance of patient information safety for healthcare providers, automation is all set to witness ascending acceptance in industry worldwide. A paradigm shift of medical and healthcare facilities toward a value-based care delivery model is also projected to encourage adoption of automation technology. In the same backdrop, several players have been seeking collaborative activities with manufacturers of minimally invasive surgical devices. This will provide the market with a strong impetus.
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Asia Pacific Remains a Crucial Market for Medical Automation Solution Providers
Key economies in Asia Pacific, i.e., China, and India house a number of players actively involved in development of desirable medical automation solutions. Factors like expanding ageing population, mounting chronic disease prevalence, surging investments in clinical research, and significant governmental and non-governmental investments coming to the field of life sciences and medical research also continue to form a fertile ground for market proliferation. Medical automation technology market in Asia Pacific is projected to benefit from the soaring demand across pharmacies, and laboratories to support the early detection and treatment goal. Although this continues to generate multiple revenue generation opportunities, higher costs involved in the overall implementation process still prevails as a major challenge facing a sizeable number of industry participants.
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