Tremendous growth in Medical Automation

The increasing demand for miniaturized connectors, expanding medical devices industry, surging aging population, and rising prevalence of chronic diseases are some of the major reasons behind for the prosperity of the medical connectors market.

In 2016, the market attained a size of $1.9 billion, and it is projected to generate a revenue of $2.8 billion by 2023, progressing at a CAGR of 6.3% during the forecast period (2017–2023).

Medical connectors are used to latch or un-latch the tubing in medical devices and connect such devices and systems for transferring signals, data, media or power.Receive Sample Copy of this Report:https://www.psmarketresearch.com/market-analysis/medical-connector-market/report-sampleBased on product, the medical connectors market is broadly categorized into board-to-board, push-pull, radio-frequency, input/output (I/O) rectangular, and disposable plastic.

Out of these, in 2016, board-to-board connectors dominated the market with a revenue contribution of $725.8 million, and these are predicted to continue dominating it during the forecast period.

This is attributed to the fact that these connectors comply with strict safety standards, such as prevention of inadvertent plug disengagement, and have a better shock rating.Make an Enquiry before Purchase:https://www.psmarketresearch.com/send-enquiry?enquiry-url=medical-connector-marketSimilarly, as per the World Bank, in 2012, in the U.S., 30,537 surgeries were done per 100,000 population.

In 2015, the number of surgical procedures done in Australia was 28,907 per 100,000 population.

The increasing global burden of diseases like cancer, diabetes and others have increased the demands for correct and timely diagnostics, so as to be followed by accurate therapeutics.

For instance, in 2016, according to the National Cancer Institute, approximately 1,685,210 new cases of cancer were diagnosed in the United States and approximately 595,690 deaths were reported due to the same.Leading Market PlayersThe key players in the global medical automation market include Accuray Incorporated (USA), Danaher (USA), General Electric (USA), Koninklijke Philips N.V. (the Netherlands), Medtronic (USA), Siemens AG (Germany), and Stryker (USA).GET SAMPLE COPY @ https://www.marketresearchfuture.com/sample_request/5184Market OverviewThe medical automation market has been on the rise over the past few years.

Based on the MRFR analysis, the market is projected to reach USD 42,284.6 million by 2023 at a healthy CAGR of around 7.00%.

The global market was valued at USD 26,332.7 million in 2016.

The global market for medical automation is expected to grow at an exponential rate owing to the growing biotechnology and pharmaceutical sector and rising demands for robotic surgery.

Majority of market players are focusing on the development of new products and product expansion in the emerging markets.Segmental AnalysisThe global medical automation market has been segmented into end users, type, and lastly, region.

This report on the Global Medical Automation Market provides a global 360-degree perspective of the industry while taking into consideration historical data as well as providing accurate estimations of the future scope of the market.

It highlights key factors impacting the market growth and also contains an entire section describing the segmentation of the market on the basis of several factors such as types, applications at a high level and also points out the segments leading the market.

This make it easier for the stakeholders of the report to utilize this information and incorporate changes in their business policies and be well informed about the market dynamics.

It also provides an insight into the competitive landscape of the market highlighting key competitors, major manufacturers dominating the Medical Automation Market, while also providing an analysis of the market share and revenue generation figures.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/medical-automation-market-2214Global Medical Automation Market Competitive Analysis:Koninklijke Philips N.V.Siemens AG,General Electric CompanyMedtronic plc.Tecan Group Ltd.Intuitive Surgical, Inc.Stryker CorporationAccuray IncorporatedDanaher CorporationSwisslog Holding AGDrivers & ConstraintsThe report largely stresses on the importance of market dynamics in understanding the Medical Automation Market industry.

Sales revenues, population, production rates, consumption rates, existence of key manufacturers in regions are all points that have been touched base upon in the report providing an overall comparison of each of the regions covered in the report.

Additionally, the report also calls out regions that have showed maximum growth in the past as well as regions that emerged as leaders of the market in historic years.

Tendinitis is the swelling of the thick cords, ligament, that attache the muscles deep down the bone.

The swelling happens because of sudden damage to the ligament, redundant development of diabetes, rheumatoid joint inflammation, gout, Reiters disorder or lupus.

Tendinitis is observed to be pervasive among the sportspersons and is one of the basic sport wounds in the players, particularly tennis, golf, and others.

Different pharmacological and non-pharmacological medications are accessible for the treatment of tendinitis.

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The rising prevalence of tendinitis among the geriatric population and sports injuries is expected to boost the market growth for the tendinitis market.

The global medical automation industry is expected to reach USD 79.4 billion by 2024, according to a new report by Grand View Research, Inc.

For example, the automation of tedious tasks such as sampling, monitoring of quality, quantity, packaging and labeling, and scanning of medicines and devices, have reduced human efforts and increased speed and accuracy, which has led to increased dependency on these automated systems.

Moreover, the growing global prevalence of chronic conditions such as diabetes, cancer, arthritis, and chronic obstructive pulmonary disease (COPD) is further pushing the demand for therapeutic, laboratory and pharmacy automated medication systems, which are faster and more productive.

The aforementioned factors are responsible for creating the need for automated medical equipments over the forecast period.

For instance, automation in the following pharmacy-based functions, medication dispensing, storage, and retrieval enables traceability and tracking, which in turn improves patient safety and reduces errors.

Furthermore, there is an increased focus on incorporating automation in hospitals due to the associated benefits, such as reduction of errors and operational costs; these factors altogether are expected to present this market with high growth opportunities in the near future.Further key findings from the study suggest:The therapeutic segment was observed to dominate in terms of revenue share in 2015owing to the high usage rate of automated devices in the non-surgical procedures, such as external defibrillators, an implantable cardioverter, and wearable/ implantable drug pumps On the other hand, the medical logistics and training segment is expected to grow at a lucrative CAGR of over 10.0%.