Global medical automation market to reach $20.7 billion by the end of 2012 and is expected to grow at a CAGR of 10.9% from 2012-2017.
(PRWEB) October 05, 2012
The medical automation technologies market include key segments such diagnostics and monitoring (Automated imaging and image analysis, automated prescription formulation and dispensing therapy), Therapy (Automated therapeutic (nonsurgical) procedures, Medical robotics and computer aided surgical devices, lab automation), Logistics and training (Automated hospital pickup and delivery, hospital asset/patient/staff tracking systems, virtual reality Trainers). The global market for these technologies to reach $20.7 billion by the end of 2012 and is expected to grow at a CAGR of 10.9% from 2012-2017.
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Clinical laboratories have the responsibility for providing a variety of tests that are crucial to the prevention, diagnosis, and treatment of disease – approximately half billion tests they now perform annually will double within the next five years under the stress of an increasing demand for health services. This is a critical problem whose solution lies in the automation of these laboratories since technical help is in short supply and would be too expensive to hire in the amounts needed even if they were available. Existing technologies in imaging though have been successful in accurately diagnosing the diseases, especially lesions, there were lack of technologies that can provide clarity withrespect to minor changes or lesions. Automated imaging technologies coupled with computer assisted diagnosis have been extremely successful in providing early diagnosis.
The growth of medical automation market is expected to be highest in the Asia and ROW where hospitals are upgrading their infrastructure and investing significantly in modernization. The emerging technologies will reduce the human errors, save cost and quicken the overall turnaround time of medical processes. Additionally automated medical technologies have not led to effective therapeutic solutions; however, have also been extremely successful in diagnosis. Especially, in case of early diagnosis of cancer leads to effective treatment and in certain cases cures. For eg: automated whole breast ultrasound and computer aided diagnosis (CAD) have been successful in early diagnosis of breast cancer, lung cancer and colon cancer.
Major end-users of medical automation technologies are hospitals, pharmacies, diagnostic centers and clinical labs, stand-alone surgical centers, physician practices, other aligned research institutes. Hospitals are the most prominent end user segment for automated technologies. Major market players include Medtronics, GE healthcare, Philips healthcare, Aeroscout, Ekahau, Siemens, Beckman Coulter Inc, CAE Inc, Zoll Medical Corp etc, Stryker Corporation.
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