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. Click To Read More On Medical Automation Market
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.
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.
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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.