Rising demand for IoT is an vital trend in the global healthcare automation market. With the support of this technology, collecting medical data of patients are easily accessible. However, it supports in improving the health by good quality and accessibility of care and also decreases the costs. Additionally, technology helps inclinical care and remote monitoring. Demand for wearable technology is rising rapidly and is an significant trend in the global market.
The global healthcare automation market has be categorized into application, end-user and regions. Based on application the market has been segmented into therapeutic automation, logistics & training automation, lab& pharmacy automation and diagnostics & monitoring automation. End-user segment has be categorized into pharmacies, home care, research institutes & labs among others.
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The major factors driving the healthcare automation market are the growing technological advancements, saving huge cost of labor, and rising the support from government, Implementation of automation is anticipated to reduce the amount of labor-intensive tasks like lab tests and clinical diagnostics, thereby helping hospitals or clinics to save costs pertaining to the processes. Automation permits medical individuals to carry out other significant tasks since it helps in performing repetitive tasks. This is projected to help in carrying out the tasks professionally. These technologies are working to carry out different critical tasks that need accurateness and can be completed through automated machines, which again indicates reduction of overhead counts. The huge initial installation cost is one of the major factors that may hinder the market growth in the near future. Additionally the growing implementation of healthcare automation solutions in various segments is the long-term growth opportunity in healthcare automation market.
Geographically, the healthcare automation market has been bifurcated into five regions North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The Healthcare Automation market size and forecast period for each region has been estimated from 2017 to 2023. Additionally the CAGR (%) for the forecasted period 2017 to 2023. The study also includes market estimates for major countries/regions such as the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South Africa and Brazil. The detailed analysis by application, end-user, and regions supports in evaluating the present scenario, growth prospects and the future scenario for the healthcare automation market over the forecast period. Thus, the report delivers in-depth segment analysis of the market and classifies it into various industries, thereby providing valuable perceptions.
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The rising technological advancements is anticipated to drive the Asia Pacific market for Healthcare Automation in the future years. The major companies that are involved in healthcare automation are General Electric Company, Siemens AG, Swisslog Holdings AG, Intuitive Surgical, Inc., Koninklijke Philips N.V., Medtronic PLC., Tecan Group Ltd., Danaher Corporation, Accuray Inc., and Tecan Group Ltd.