MedicalAutomation Market by Application (Diagnostic and Monitoring Automation,(Automated Imaging and Analysis, Point-of Care Testing, Others) and TherapeuticAutomation (Surgical Automation, Non-Surgical Automation, Lab andPharmaceutical Automation, Medical Logistics and Training)), by End Users (Hospitals,Diagnostic Laboratories, Academic and Research Institutes, Ambulatory CareCenters, Others) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Medical automation is atechnology used to minimize medical errors, promote better management ofchronic illness, and to enable healthcare professionals to anticipateprognosis. It controls the diagnostic, monitoring, and therapeutic machineriesthat serves the major responsive tasks into the hospitals. It also increasesthe predictability of outcome when patients follow a standardized care pathsupported by automation.
Moreover, automation can help todetect when a patient has deviated from recommended care plan so the care teamcan intervene. The technology implementation enhances efficiency of hospitalsby reducing the process time and improving accuracy of a medical procedures.Medical automation in hospitals such as using robotic assisted systems forhealth check-ups, is also propelling the growth of the market and in turnimproving patient safety. Hospitals are adopting the medical robotics to reducethe HAIs rates in healthcare facility and to provide cleaner and saferenvironment to patients. In 2016, Xenex, a Texas-based company produced uniquerobot called Germ-Zapping Robot, that uses high intensity ultraviolet light todisinfect infections efficiently and quickly, in turn reducing the workload ofstaff and cost.
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Medical Automation MarketDrivers:
Implementation of automateddevices has reduced the task time and labor efforts as machine perform tasks inbetter manner than the human and has higher consistency for care activities,such as patient’s routine immunoassay analysis, pre/post analytical workflowmonitoring, which significantly reduces cost and complications.
Several hospitals are utilizingautomated technologies for recording and organizing patient information,contributing to the market growth. For instance, according to the IntuitiveSurgical, Inc., surgical procedures perform by using da Vinci systems(Intuitive surgical company’s products) in various hospitals globally, around877 000 surgical procedures have been performed by this product in 2017,compared with 753 000 procedures in 2016, an increase of 16%. Moreover, thecompany expects total da Vinci procedures to grow around 11% to 15% in 2018.Thus, automated machines improve clinical outcomes that help patients return toactive and productive life more quickly. However, high cost of the automationequipment and lack of skilled professionals majorly in emerging economies arethe key restraining factors for market growth.
Robotically assisted surgeriesare used to aid in surgical procedures to overcome the limitations ofpre-existing minimal invasive surgical procedures to enhance capabilities ofthe surgeons, which include gynecological, cardiac, neurological, andorthopedic. Robotic assisted surgeries are carried out with precision, miniaturization,smaller incisions such as decreased blood loss, less pain, and quick healingtime, which significantly reduces the hospital stay and blood transfusion.According to health research funding organization, the rate of roboticsurgeries is increasing by 25% annually and in 2012, approximately 400,000robotic surgeries were performed across U.S.
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Market is also expected towitness significant growth as government investments are increasing, policiescontinue to improving, and collaboration among market players. For instance, in2018, Orgenesis Inc. collaborated with the Atvio Biotech Ltd., an innovator ofenhanced bioprocessing solutions for the development and distribution ofadvanced automated culturing system for manufacturing autologous cell therapies.Furthermore, major investments on healthcare research by various manufacturersis contributing to the market growth. For instance, in 2017, Siemens AGsuccessfully installed India’s first fully automated Aptio automation trackwith multidiscipline modalities at the Aspira Pathlab and Diagnostic Ltd,Mumbai.
Medical Automation Market -Competitor Analysis:
Key players operating in themedical automation market include koninklijke Philips N.V., Siemens AG, GeneralElectric Company, Medtronic Plc, Accuray Incorporated, Kahle automation,Muratec, Ltd., Schneeberger, Hitachi, Tecan Group Ltd., Intuitive surgical,Inc., Stryker Corporation, and Danaher Corporation.
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