About Healthcare Automation
Increment of computing speed, machine learning, and human interface, have prolonged abilities of artificial intelligence applications to an important stage. It is projected that the use of artificial intelligence to automate knowledge-based occupations in medicine and engineering, as it has a global enormous economic impact in the future. Automation in the healthcare vertical provides ease of diagnostics and a better possibility for the early detection of diseases and treatment. The growth of how smart machines naturally will interact with healthcare professionals, patients, and patients' families is very significant.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Healthcare Automation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Swisslog Holding AG (Switzerland), Siemens AG (Germany), Tecan Group Ltd. (Switzerland), Koninklijke Philips N.V. (Netherlands), Accuray Incorporated (United States), Danaher Corporation (United States), Intuitive Surgical, Inc. (United States), General Electric Company (GE) (United States), Medtronic PLC. (Ireland) and Stryker Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Healthcare Automation market by , Application (Diagnostics and Monitoring [Automated Image Analysis, Automated Imaging, and Point-Of-Care Testing], Pharmacy and Laboratory, Therapeutic Automation [Surgical Automation and Non-Surgical], Medical Logistics and Training Automation) and Region.
On the basis of geography, the market of Healthcare Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Hospitals and Diagnostic Centers will boost the Healthcare Automation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High-Tech Solutions Offered By Healthcare Automation
Market Growth Drivers:
Increasing Government Support for Medical Automation and Increasing use of Information Technologies and Control Systems in Healthcare Industry
Challenges:
Stringency of Regulatory Processes Delays Product Launches
Restraints:
High Cost Related to Healthcare Automation
Opportunities:
Rapid Advances in Technology
Market Leaders and their expansionary development strategies
On October 18, 2019 - Philips and Klinikum Stuttgart hospital sign 10-year innovation partnership agreement. The long-term strategic partnership agreement covers the demand-oriented replacement and procurement of state-of-the-art medical technology, including diagnostic imaging and intelligent informatics solutions, at Klinikum Stuttgart hospitals, together with joint development of new workflows and connected care solutions.
On October 17, 2019 - Philips extends AI capabilities for high acuity virtual care venues with launch of Sentry Score. Sentry Score is a predictive algorithm for the adult intensive care unit (ICU) that shows a patient’s probability of receiving an intervention within 60 minutes. Sentry Score patient risk predictions are continuously updated as new vital sign data are received, providing deeper insights into the patient’s trajectory, which can provide the opportunity for earlier intervention.
Key Target Audience
Healthcare Automation Manufacturers, Suppliers of Healthcare Automation, Wholesalers, Distributors and Retailers of Healthcare Automation, Healthcare Industry and Research Laboratories and Institutes
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.