The global Healthcare Automation Market is anticipated to demonstrate a steady growth curve over the coming years. According to a recently published report by Transparency Market research (TMR), the market vendors are expected to focus on product innovation and adopt business strategies such as expansion through mergers and acquisitions. Some prominent names in the global healthcare automation market are General Electric Company, Koninklijke Philips N.V., Siemens AG, and Swisslog Holding AG.
TMR’s report states that the global healthcare automation market was estimated to be at US$29.31 bn in the year 2016. The market, with a growth rate of 8.8% over the forecast period of 2017 to 2025, is expected to reach an estimation of US$58.98 bn. North America is predicted to hold a dominant share of the market revenue with a 39.5% share over other regions.
Rising interest for IoT is a fundamental pattern in the worldwide healthcare automation market. With the help of this innovation, gathering restorative information of patients are effortless. In any case, it bolsters in enhancing the wellbeing by great quality and availability of care and furthermore diminishes the expenses. Furthermore, innovation helps in clinical care and remote observing. Interest for wearable innovation is rising quickly and is a critical trend emerging in the worldwide market.
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The market upswing over the coming years is ascribed to the developing interest for exactness and reproducibility amid restorative systems offered by CyberKnife and the robotized defibrillators for the treatment of tumor. Moreover, the rising automation in research facilities and drug stores give advantages, such as reduced costs, scaling down of errors in mass testing, speed, and precision, which is relied upon to apply a positive effect on the future demand for restorative automation.
In addition, mechanical headways, such as mechanical radio surgery systems and computerized material dealing with frameworks utilized as a part of the health centers are the components anticipated that would drive the market growth.