Medical
Automation Market by Application (Diagnostic and Monitoring Automation,
(Automated Imaging and Analysis, Point-of Care Testing, Others) and Therapeutic
Automation (Surgical Automation, Non-Surgical Automation, Lab and
Pharmaceutical Automation, Medical Logistics and Training)), by End Users (Hospitals,
Diagnostic Laboratories, Academic and Research Institutes, Ambulatory Care
Centers, Others) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Medical automation is a
technology used to minimize medical errors, promote better management of
chronic illness, and to enable healthcare professionals to anticipate
prognosis. It controls the diagnostic, monitoring, and therapeutic machineries
that serves the major responsive tasks into the hospitals. It also increases
the predictability of outcome when patients follow a standardized care path
supported by automation.
Moreover, automation can help to
detect when a patient has deviated from recommended care plan so the care team
can intervene. The technology implementation enhances efficiency of hospitals
by reducing the process time and improving accuracy of a medical procedures.
Medical automation in hospitals such as using robotic assisted systems for
health check-ups, is also propelling the growth of the market and in turn
improving patient safety. Hospitals are adopting the medical robotics to reduce
the HAIs rates in healthcare facility and to provide cleaner and safer
environment to patients. In 2016, Xenex, a Texas-based company produced unique
robot called Germ-Zapping Robot, that uses high intensity ultraviolet light to
disinfect infections efficiently and quickly, in turn reducing the workload of
staff and cost.
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Medical Automation Market
Drivers:
Implementation of automated
devices has reduced the task time and labor efforts as machine perform tasks in
better manner than the human and has higher consistency for care activities,
such as patient’s routine immunoassay analysis, pre/post analytical workflow
monitoring, which significantly reduces cost and complications.
Several hospitals are utilizing
automated technologies for recording and organizing patient information,
contributing to the market growth. For instance, according to the Intuitive
Surgical, Inc., surgical procedures perform by using da Vinci systems
(Intuitive surgical company’s products) in various hospitals globally, around
877 000 surgical procedures have been performed by this product in 2017,
compared with 753 000 procedures in 2016, an increase of 16%. Moreover, the
company expects total da Vinci procedures to grow around 11% to 15% in 2018.
Thus, automated machines improve clinical outcomes that help patients return to
active and productive life more quickly. However, high cost of the automation
equipment and lack of skilled professionals majorly in emerging economies are
the key restraining factors for market growth.
Robotically assisted surgeries
are used to aid in surgical procedures to overcome the limitations of
pre-existing minimal invasive surgical procedures to enhance capabilities of
the surgeons, which include gynecological, cardiac, neurological, and
orthopedic. Robotic assisted surgeries are carried out with precision, miniaturization,
smaller incisions such as decreased blood loss, less pain, and quick healing
time, which significantly reduces the hospital stay and blood transfusion.
According to health research funding organization, the rate of robotic
surgeries is increasing by 25% annually and in 2012, approximately 400,000
robotic surgeries were performed across U.S.
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Market is also expected to
witness significant growth as government investments are increasing, policies
continue to improving, and collaboration among market players. For instance, in
2018, Orgenesis Inc. collaborated with the Atvio Biotech Ltd., an innovator of
enhanced bioprocessing solutions for the development and distribution of
advanced automated culturing system for manufacturing autologous cell therapies.
Furthermore, major investments on healthcare research by various manufacturers
is contributing to the market growth. For instance, in 2017, Siemens AG
successfully installed India’s first fully automated Aptio automation track
with multidiscipline modalities at the Aspira Pathlab and Diagnostic Ltd,
Mumbai.
Medical Automation Market -
Competitor Analysis:
Key players operating in the
medical automation market include koninklijke Philips N.V., Siemens AG, General
Electric 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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