Medical Automation Technologies, Products and Markets

October 04, 2011

Wellesley, Mass. – In a recent release, MEDICAL AUTOMATION TECHNOLOGIES, PRODUCTS AND MARKETS (HLC066B) from BCC Research (www.bccresearch.com), the U.S. market for medical automation products is expected to surpass $13 billion in 2011 and is forecast to exceed $21 billion in 2016, increasing at a five-year compound annual growth rate (CAGR) of 9.5%.

The U.S. market for medical automation can be broken down into three segments – therapy, diagnostic and monitoring, and logistics and training.

The therapy segment held a value of $8.9 billion in 2011, and is expected to increase at a CAGR of 8.9% to reach $13.6 billion in 2016.

The segment made up of diagnostic and monitoring devices held a value of $4.1 billion in 2011, and is expected to increase at a CAGR of 10.2% to reach $6.7 billion in 2016.

The segment made up of logistics and training held a value of $287 million in 2011, and is expected to increase at a CAGR of 18.4% to reach $668 billion in 2016.

The U.S. government and the healthcare industry have stepped up their efforts to increase the efficiency of healthcare, with the two main objectives being cost containment and improving the quality of care. Information technology is at the forefront of this effort; however, healthcare IT is just one segment of the broader field of medical automation, a field that many experts believe will revolutionize the way medical care is provided. Automated delivery of healthcare can contain costs, reduce errors, and improve outcomes.

Major improvements in production efficiency and product quality have been demonstrated through automation in factories. Medical automation will borrow many of the principles developed in factory automation and apply them to the medical environment. Automation will have to demonstrate, however, that it is safe for patients, that it has more flexibility to accommodate the complex tasks within the hospital, and that it can generate a reasonable return on investment.

This report is intended especially for healthcare automation suppliers, as well as government agencies, healthcare policy analysts, and others seeking to understand the costs and preconditions for success of healthcare automation initiatives. Others who will find the report useful include executive managers and marketing and financial analysts; and, although the report is not written specifically for scientists and technologists, its findings are concerned with the markets for their work, including the availability of government and corporate research funding for different technologies, and applications that should interest them as well.

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Medical Automation Technologies, Products and Markets( HLC066B )
Publish Date: Sep 2011    

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