(PharmaNewsWire.Com, October 12, 2019 ) The Medical Automation Market, Continuous technological advancements in automation solutions, increasing government financial support for Medical Automation, rising labor costs, and growing need for reproducibility and accuracy are key factors fueling the growth.
Increasing demand for automation in laboratories and pharmacies and high potential for early detection and treatment of diseases due to automation are some other prime factors offering growth opportunities for players in the Medical Automation Market. high cost of automation is one of the key restraints for this market.
This research report segments the Medical Automation Market on the basis of Application, end users, and Geography.
In the products market, the assay kits & reagents segment is expected to account for the largest share. This segment is also expected to grow at the highest CAGR during the forecast period due to the growth in the number of reagent rental agreements and increasing prevalence of autoimmune diseases worldwide.
Medical Automation Market Based on Application;
the Medical Automation industry is divided into four major segments, namely, diagnostic and monitoring automation (automated imaging, automated image analysis, 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 (logistics automation and trainers). The therapeutic automation segment is estimated to hold the largest share of the global market
Medical Automation Market Based on End Users;
The global 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.
The Medical Automation is classified into four regions, namely, North America (U.S. and Canada), Europe, Asia-Pacific, and the Rest of the World.
the global Medical Automation Market is estimated to be dominated by North America. Large number of ongoing clinical trials in the U.S., high adoption rate of technologically advanced medical devices in this region, and developed healthcare reimbursement structure are contributing to the large share of the North American Medical Automation Market. The Asia-Pacific market is expected to grow at the highest CAGR.
Factors such as growing government expenditure on healthcare research, rising number of clinical research activities owing to increasing R&D outsourcing to developing Asian countries, increasing old age population and associated diseases, availability of a large patient pool, and developing healthcare infrastructure are propelling the growth of the Asia-Pacific Medical Automation Market.
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