Global Medical Automation Market: Information by Type (Medical Logistics & Training (Logistic Automation and Trainers), Lab & Pharmacy Automation, Therapeutic Automation (Non-Surgical and Surgical) and Diagnostic & Monitoring Automation (Automated Monitoring, Point-of-Care Testing and Automated Image Analysis)), by End User (Hospitals & Diagnostic Centers, Pharmacies, Research labs & Institutes and others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2023
Market Highlights
Medical automation is an emerging branch of the medical sector that is tended to evolve continuously in the presence of the technological advancements. Increasing prevalence of chronic diseases like cancer, diabetes, and others followed by the growing pharmaceutical and biotechnology sector are the major drivers for the market growth during the forecast period, 2017-2023. According to the Indian Brand Equity Foundation in 2017, the Indian biotech industry holds about 2% share of the global biotech industry. The biotechnology industry in India comprises of about 800 companies and is valued to be about USD 11.6 billion in 2017. Additionally, rising demands for robotic surgery along with the rising healthcare expenditure boost the market growth. On the other hand, the high cost of automation, risks associated with the robotic surgery and the necessity for the physician training are estimated to restrain the market growth during the forecast period.
The medical automation Industry expected to register a CAGR of 7.0% and is anticipated to reach USD 42,284.6 million by 2023. Automation is defined as the use of control systems and information technologies to reduce the need for human work in the production of goods and services. In recent years, technological advancements have been incorporated into the medical sector, which drives the growth of the medical automation market.
Regional Analysis
The Americas dominate the global medical automation market owing to an increasing prevalence of the diseases like cancer, diabetes, and others. Moreover, growing biotechnology and biopharmaceutical sector within the region is fuelling the market during the forecast period. 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, Europe is the second largest market for the global medical automation. The market growth in the European region is facilitated by the presence of developed economies. Huge patient population and rising healthcare expenditure within the region is further fuelling the market growth within the region. In Asia Pacific region growing biotech and biopharmaceutical factor, increasing patient population and rising healthcare expenditures along with the increasing demands for the robotic surgery is driving the market growth. Moreover, favorable government policies are boosting the market growth within the region. The Middle East & Africa & Africa holds the least market share. This can be attributed to the presence of the low per capita income and stringent government policies, especially within the African region.
Key Players
The key players in the global medical automation market are Koninklijke Philips N.V., Siemens AG, GENERAL ELECTRIC, Medtronic, Stryker, Danaher, Accuray Incorporated, and others.
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Global Medical Automation Market: Information by Type (Medical Logistics & Training (Logistic Automation and Trainers), Lab & Pharmacy Automation, Therapeutic Automation (Non-Surgical and Surgical) and Diagnostic & Monitoring Automation (Automated Monitoring, Point-of-Care Testing and Automated Image Analysis)), by End User (Hospitals & Diagnostic Centers, Pharmacies, Research labs & Institutes and others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2023Market HighlightsMedical automation is an emerging branch of the medical sector that is tended to evolve continuously in the presence of the technological advancements.
Increasing prevalence of chronic diseases like cancer, diabetes, and others followed by the growing pharmaceutical and biotechnology sector are the major drivers for the market growth during the forecast period, 2017-2023.
According to the Indian Brand Equity Foundation in 2017, the Indian biotech industry holds about 2% share of the global biotech industry.Avail a Free Sample@ https://www.marketresearchfuture.com/sample_request/5184The biotechnology industry in India comprises of about 800 companies and is valued to be about USD 11.6 billion in 2017.
The therapeutic automation segment is sub-segmented into non-surgical automation, surgical automation, and others.
The medical logistics & training segment is sub-segmented into logistic automation, trainers, and others.On the basis of end users, the market is segmented into hospitals and diagnostic centers, pharmacies, research labs & institutes, research labs & institutes, and others.
For instance, according to a report published by the National Cancer Institute in 2016, approximately 1,685,210 new cases of cancer were diagnosed in the US.
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Continuous manufacturing market, also called as the continuous flow chemistry, is an innovative manufacturing method with the potential to improvise the quality and consistency of medicines with lesser price.
In the recent years, continuous manufacturing is becoming popular within the biopharmaceutical industry.The cost-efficient method for pharmaceutical manufacturing, the better productivity of manufacturing processes presented by continuous procedures, the assistance from the controlling authorities for the application of continuous manufacturing, because of the technological developments in the continuous manufacturing systems and encouragement by the governing organizations for approval of continuous manufacturing systems are the factors further expected to boost the growth of the continuous manufacturing market in the forecast period.
However, the absence of the technical and monitoring clarity is most likely to hinder the growth of the continuous manufacturing market in coming years.The continuous manufacturing market is expected to gain market growth in the forecast period of 2021 to 2028.
The growing number of clinical trials will help in escalating the growth of the continuous manufacturing market.This Continuous Manufacturing Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
This Continuous Manufacturing Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in Healthcare industry.
The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the report.Get PDF Sample Copy of this Report to understand the structure of the complete report: (Including Full TOC, List of Tables & Figures, and Chart) @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-continuous-manufacturing-marketMarket Drivers and Restraints:Based on the product, the continuous manufacturing market is segmented into integrated system, semi-continuous system, continuous granulators, continuous coaters, continuous blenders, continuous dryers, continuous compressors control or software.
Continuous manufacturing market, also called as the continuous flow chemistry, is an innovative manufacturing method with the potential to improvise the quality and consistency of medicines with lesser price.
In the recent years, continuous manufacturing is becoming popular within the biopharmaceutical industry.The cost-efficient method for pharmaceutical manufacturing, the better productivity of manufacturing processes presented by continuous procedures, the assistance from the controlling authorities for the application of continuous manufacturing, because of the technological developments in the continuous manufacturing systems and encouragement by the governing organizations for approval of continuous manufacturing systems are the factors further expected to boost the growth of the continuous manufacturing market in the forecast period.
However, the absence of the technical and monitoring clarity is most likely to hinder the growth of the continuous manufacturing market in coming years.The continuous manufacturing market is expected to gain market growth in the forecast period of 2021 to 2028.
The growing number of clinical trials will help in escalating the growth of the continuous manufacturing market.This Continuous Manufacturing Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
This Continuous Manufacturing Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in Healthcare industry.
The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the report.Get PDF Sample Copy of this Report to understand the structure of the complete report: (Including Full TOC, List of Tables & Figures, and Chart) @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-continuous-manufacturing-marketMarket Drivers and Restraints:Based on the product, the continuous manufacturing market is segmented into integrated system, semi-continuous system, continuous granulators, continuous coaters, continuous blenders, continuous dryers, continuous compressors control or software.
The report “Pharmaceutical Filtration Market by Product (Membrane Filters, Single-Use Systems), Technique (Microfiltration, Ultrafiltration), Application (Final Product Processing, Raw material), Scale of Operation (Manufacturing, Pilot, R) – Global Forecast to 2021″, provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.Ask for PDF Brochure: -https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209343847The global pharmaceutical filtration market is poised to reach USD 22.71 Billion by 2021 from USD 13.73 Billion in 2016, at a CAGR of 10.6% from 2016 to 2021.Market growth is primarily driven by factors such as growing production of large molecules and biologics, technological advancements in nanofibers, growth in the generics market, and regulatory mandates for cleanrooms in pharmaceutical production.
Other factors supporting market growth include an increase in R spending by biopharmaceutical companies to offer a strong biologics pipeline.The global pharmaceutical filtration market is segmented on the basis of product, technique, application, scale of operation, and region.
On the basis of product, the pharmaceutical filtration market is segmented into membrane filters, prefilters and depth media filters, cartridge & capsule filters, single-use systems, filter holders, filtration accessories, and other products.
In 2016, the membrane filters segment accounted for the largest share of the market.
This segment is also expected to register the highest CAGR during the forecast period.
The key factor driving the growth of the membrane filters segment is the ease of installation in large and small manufacturing facilities owing to the availability of a variety of pore and surface types.Based on application, the final product-processing segment is expected to register the highest CAGR during the forecast period owing to the rapidly growing biologics and generic drug production coupled with the presence of stringent regulatory guidelines to maintain a clean and safe manufacturing environment.North America accounted for the largest share of the global pharmaceutical filtration market in 2016, followed by Europe.
Continuous manufacturing market also called as the continuous flow chemistry, is an innovative manufacturing method with the potential to improvise the quality and consistency of medicines with lesser price.
In the recent years, continuous manufacturing is becoming popular within the biopharmaceutical industry.The cost-efficient method for pharmaceutical manufacturing, the better productivity of manufacturing processes presented by continuous procedures, the assistance from the controlling authorities for the application of continuous manufacturing, because of the technological developments in the continuous manufacturing systems and encouragement by the governing organizations for approval of continuous manufacturing systems are the factors further expected to boost the growth of the continuous manufacturing market in the forecast period.
However, the absence of the technical and monitoring clarity is most likely to hinder the growth of the continuous manufacturing market in coming years.The continuous manufacturing market is expected to gain market growth in the forecast period of 2021 to 2028.
The growing number of clinical trials will help in escalating the growth of the continuous manufacturing market.This Continuous Manufacturing Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
This Continuous Manufacturing Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in Healthcare industry.
The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the report.Get PDF Sample Copy of this Report to understand the structure of the complete report: (Including Full TOC, List of Tables & Figures, and Chart) @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-continuous-manufacturing-marketMarket Drivers and Restraints:Based on the product, the continuous manufacturing market is segmented into integrated system, semi-continuous system, continuous granulators, continuous coaters, continuous blenders, continuous dryers, continuous compressors control or software.
