The global medical automation technologies market provides various automated services in health monitoring, prescriptions, therapeutics etc. The global medical technologies market revenue stood at $300 billion in 2011 and it is expected to grow at a CAGR of 7% by 2016. The medical automation technologies market is expected to have a significant market share as highly automated and sophisticated services are available in the market. Venture capitalists are investing in the market to boost the development of medical automation, which is a key driver for the market. For example, Google started a healthcare company, Calio, and is now developing smart contact lens for monitoring diabetes.
However, companies have to go through stringent approval procedures to launch products or services which is a restraint for the growth of the market. U.S. FDA has been criticized in the past for over regulation and delay in product launches. Another challenge for companies in the market is to overcome the 2.3% excise tax burden on medical devices. Most of the companies are opposed to this tax and are demanding to repeal it.
Some of the key companies profiled in this report are Acrobot Company Ltd., Awarepoint Corp., Clearcount Medical Solutions, Inc.,Ekahau Inc., Ge Healthcare, eScreen Inc. , iCad INC.,Intuitive Surgical, Inc., Philips Healthcare, Quiqmeds, Inc., t+ Medical Americas and U-Systems, Inc.
KEY BENEFITS
This report provides market intelligence with respect to health assessment & monitoring, automated imaging & image analysis, automated prescription formulation and dispensing, automated therapeutic (nonsurgical) procedures, medical robotics and computer-assisted surgical devices, automated laboratory testing and analysis, automated healthcare logistics, resource and personnel tracking and geographies so that companies can make precise investment decisions
Deep dive analysis of top factors affecting the market growth and their impact in the short and mid-term
Value chain analysis provides significance of the role of all stakeholders of the market
Porter’s five forces analysis offers insights into the potency of buyers and suppliers, competitive scenario of the market and the threat of new entrants and substitutes
SWOT analysis and strategic developments of key players are included in the report so that companies can understand the competitive landscape and make alterations in their plans to maintain their market share
Examine the challenges and opportunities in the medical automation technologies market so that companies can capitalize on the opportunities and increase revenue
Estimations are derived from the current market scenario and expected future trends for the period of 2013-2020 with 2012 as base figures
Geographic analysis offers in-depth implications of the trends in various regions and companies can make region specific strategies to gain competitive advantages
KEY MARKET SEGMENTS
GLOBAL MARKET, BY AUTOMATED HEALTH ASSESSMENT AND MONITORING
Automated home monitoring and telemetry
Telehealth kiosks
Automated eye examination devices
Automated drug testing
Wearable monitors
Automated drug testing
GLOBAL MARKET, BY AUTOMATED IMAGING AND IMAGE ANALYSIS
Automated radiography and fluoroscopy
Automated whole-breast ultrasound
Computer-aided detection
Automated microscopy
Automated skin cancer detection
Endoscopic capsules
Automated microscopy
GLOBAL MARKET, BY AUTOMATED PRESCRIPTION FORMULATION AND DISPENSING
Packaging machines
Intravenous compounders
Dispensing machines
GLOBAL MARKET, BY AUTOMATED THERAPEUTIC (NONSURGICAL) PROCEDURES
Automated defibrillators
Portable Automated Defibrillators
Wearable Defibrillators
Implantable Defibrillators
Automated medication delivery systems
Implantable Drug Pumps
Wearable Drug Pumps
GLOBAL MARKET, BY MEDICAL ROBOTICS AND COMPUTER-ASSISTED SURGICAL DEVICES
Surgical planners and simulators
Surgical navigation systems
However, companies have to go through stringent approval procedures to launch products or services which is a restraint for the growth of the market. U.S. FDA has been criticized in the past for over regulation and delay in product launches. Another challenge for companies in the market is to overcome the 2.3% excise tax burden on medical devices. Most of the companies are opposed to this tax and are demanding to repeal it.
Some of the key companies profiled in this report are Acrobot Company Ltd., Awarepoint Corp., Clearcount Medical Solutions, Inc.,Ekahau Inc., Ge Healthcare, eScreen Inc. , iCad INC.,Intuitive Surgical, Inc., Philips Healthcare, Quiqmeds, Inc., t+ Medical Americas and U-Systems, Inc.
KEY BENEFITS
This report provides market intelligence with respect to health assessment & monitoring, automated imaging & image analysis, automated prescription formulation and dispensing, automated therapeutic (nonsurgical) procedures, medical robotics and computer-assisted surgical devices, automated laboratory testing and analysis, automated healthcare logistics, resource and personnel tracking and geographies so that companies can make precise investment decisions
Deep dive analysis of top factors affecting the market growth and their impact in the short and mid-term
Value chain analysis provides significance of the role of all stakeholders of the market
Porter’s five forces analysis offers insights into the potency of buyers and suppliers, competitive scenario of the market and the threat of new entrants and substitutes
SWOT analysis and strategic developments of key players are included in the report so that companies can understand the competitive landscape and make alterations in their plans to maintain their market share
Examine the challenges and opportunities in the medical automation technologies market so that companies can capitalize on the opportunities and increase revenue
Estimations are derived from the current market scenario and expected future trends for the period of 2013-2020 with 2012 as base figures
Geographic analysis offers in-depth implications of the trends in various regions and companies can make region specific strategies to gain competitive advantages
KEY MARKET SEGMENTS
GLOBAL MARKET, BY AUTOMATED HEALTH ASSESSMENT AND MONITORING
Automated home monitoring and telemetry
Telehealth kiosks
Automated eye examination devices
Automated drug testing
Wearable monitors
Automated drug testing
GLOBAL MARKET, BY AUTOMATED IMAGING AND IMAGE ANALYSIS
Automated radiography and fluoroscopy
Automated whole-breast ultrasound
Computer-aided detection
Automated microscopy
Automated skin cancer detection
Endoscopic capsules
Automated microscopy
GLOBAL MARKET, BY AUTOMATED PRESCRIPTION FORMULATION AND DISPENSING
Packaging machines
Intravenous compounders
Dispensing machines
GLOBAL MARKET, BY AUTOMATED THERAPEUTIC (NONSURGICAL) PROCEDURES
Automated defibrillators
Portable Automated Defibrillators
Wearable Defibrillators
Implantable Defibrillators
Automated medication delivery systems
Implantable Drug Pumps
Wearable Drug Pumps
GLOBAL MARKET, BY MEDICAL ROBOTICS AND COMPUTER-ASSISTED SURGICAL DEVICES
Surgical planners and simulators
Surgical navigation systems
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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