Medical Automation Technologies, Products and Markets
Report Highlights
The U.S. market for medical automation technologies will grow from nearly $16.3 billion in 2014 to $17.5 billion by 2015. This market should reach nearly $26.5 billion by 2020, demonstrating a compound annual growth rate (CAGR) of 5.1% between 2015 and 2020.
Report Includes
- An overview the global medical automation market, its products, and technologies.
- Analysis of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Coverage of medical automation applications, enabling technologies, and end user segments.
- Information on the market's environment: legal and regulatory, standards, economic conditions, consumer attitudes.
- Detailed analyses of:
- Automated health assessment and monitoring technologies.
- Automated medical imaging and image analysis.
- Automated prescription fulfillment devices.
- Automated therapeutic (nonsurgical) devices.
- Robotic and computer-assisted surgical equipment.
- Automated laboratory testing and analysis.
- Automated healthcare logistics, resource, and patient tracking.
- Automated medical training.
- Profiles of major players in the medical automation market.
Report Scope
As indicated above, medical automation is closely related to healthcare IT, which is the subject of a companion BCC Research report, HLC048D Healthcare Information Technology. However, for the purposes of this report, medical automation technologies are defined as technologies for the electromechanical control or operation of diagnostic or therapeutic processes or systems or training of healthcare professionals, and which result in a reduced need or eliminate the need for human intervention. Examples of such medical automation technologies are:
- Automated health assessment and monitoring technologies.
- Automated medical imaging and image analysis.
- Automated prescription fulfillment devices.
- Automated therapeutic (nonsurgical) devices.
- Robotic and computer-assisted surgical equipment.
- Automated laboratory testing and analysis.
- Automated healthcare logistics, resource and patient tracking.
- Automated medical training.
The study format includes the following major elements:
- Executive summary.
- Definitions.
- Medical automation technologies and applications.
- Enabling technologies.
- End-user segments.
- Market environment (legal and regulatory, standards, economic conditions, consumer attitudes).
- Baseline (2014) and projected market for medical automation technologies and products through 2020.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
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Report Highlights
The U.S. market for medical automation technologies was worth an estimated $13 billion in 2010. BCC expects this market to grow to $13.3 billion in 2011 and $21 billion by 2016, a compound annual growth rate (CAGR) of 9.5% over the next 5 years.
Report Highlights
- The U.S. market for medical automation technologies was worth an estimated $12 billion in 2008. This market is projected to grow to $13.1 billion in 2009 and to $23.2 billion by 2014, a compound annual growth rate (CAGR) of 12.2% over the next 5 years.
- Therapeutic applications account for the largest share of the medical automation market, with 73% in 2008, declining slightly to 72% by 2014.
- Diagnostic and monitoring applications represent about a quarter of the market, with $3 billion in sales in 2008. That is expected to rise to $3.3 billion in 2009 and to nearly $5.9 billion in 2014, for a CAGR of 12.4%.