Automation Control in Medical Devices Market Size, Share, Growth, and Industry Analysis, By Type (Distributed control system (DCS), Supervisory control and data acquisition (SCADA), Programmable logic controller (PLC), and Manufacturing execution system (MES)), By Application (Hospital and Clinical) and Regional Forecast to 2032

Updated On: 04 November 2024

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AUTOMATION CONTROL IN MEDICAL DEVICES MARKET REPORT OVERVIEW

The Automation Control in Medical Devices Market Size is Projected to be worth US$ 80.48 Million in 2023. The Market is likely to Surpass US$ 143.95 Million by 2032 at a CAGR of 5.99% During the Forecast period [2024-2032].

It provide the user with a lot of features that make this particular product service work efficiently and effectively. An automation solution for healthcare companies is a technical system that automates some portions of their workflows. Automation contributes to better patient outcomes by facilitating technology advancements and optimizing workflow. Healthcare automation is commonly observed in the form of text messages that serve as appointment reminders for patients. This factor has augmented the automation control in medical devices market growth.  

The anticipated rate of growth for this particular product service is due to quality level of assurance. The approval of pharmacy automation systems and other devices in compliance with European standards is contingent upon government agencies such as the Medicines and Healthcare Products Regulatory Because of this, it is projected that throughout the projection period, the medical automation market will have growth opportunities due to an increase in government and healthcare organizations' support for illness prevention. This has ultimately outraged the sales and demand for this particular market growth and prosperity.

COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

This has affected the overall supply and demand chains of the particular market. A number of nations implemented lockdowns in an effort to stop the virus's spread due to pandemic scenarios. The COVID-19 pandemic had a major negative influence on the medical equipment sector because of shutdown limits and difficulties in logistics management. However, the medical automation industry had little to no influence and evident growth in demand because of the broad spectrum of application utilization. This particular factor drastically affected the market growth. Therefore, a small influence from COVID-19 is anticipated on the automation control in medical devices market share.

LATEST TRENDS

"Chronic Diseases to Drive Market Growth"

A latest trend has been witnessed to proliferate the market growth. Expansion of the market is primarily driven by rising prevalence of chronic diseases and rising use of automated diagnostic and therapeutic devices. The market for this industry will grow as more Americans develop one or more cardiovascular illnesses by 2032.

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AUTOMATION CONTROL IN MEDICAL DEVICES MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Distributed control system (DCS), Supervisory control and data acquisition (SCADA), Programmable logic controller (PLC), and Manufacturing execution system (MES) amongst which the leading segment is the Distributed control system (DCS).

• Distributed control system (DCS): It is nothing but a type of device with the Distributed control system.

• Supervisory control and data acquisition (SCADA): It is basically a type that helps device with the Supervisory control system.

• Programmable logic controller (PLC): It is nothing but a type of device with the programmable logic controller.

• Manufacturing execution system (MES): It is basically a type that helps device with the manufacturing execution system.

By Application

Based on application the global market can be categorized into Hospital and Clinical amongst which the leading segment is the Hospital.

• Hospital: It is just an application where it is used in hospitals.

• Clinical: It is nothing but an application where it is used by clinical.

DRIVING FACTORS

"Surgery to Boost the Market"

This is the major factor attributing the growth of this particular market. Anatomical bodily parts are rebuilt, wounds are healed, diseased organs are removed , and other reasons why patients have surgery. Many techniques are available for doing surgery. There will be a growing need for automated medical devices as surgical procedures become more common. Nowadays, operating tables designed like robots and microscopes that are robotized are examples of medical equipment that is classified as a robot. These factors are anticipated to drive the market growth during the forecast period.

"Investments to Expand the Market"

This is the second major factor attributing the growth of this particular market and has resulted in the hike of revenue numbers so much so that they are touching the skies. Clients benefit from it. Hospital pharmacy automation, material handling, and logistics are all updated by healthcare automation. Globally, laboratories and research centers allocate resources towards healthcare automation in order to optimize processes and enhance overall productivity. Throughout the course of the projection period, it is expected that research institutes, pharmacies, and labs would embrace more automation, which will fuel market expansion. It allows research institutes to improve the quality of experimental data, reduce cycle times for lab processes, and raise overall productivity in healthcare facilities. These factors are anticipated to drive the market growth in the present times and also during the forecast period.

RESTRAINING FACTOR

"High Cost to Impede Market Growth"

These particular solutions have been very helpful yet extremely costly as well. Security and privacy issues, along with the high cost of healthcare automation installation and maintenance, are some of the major factors preventing the global healthcare automation market from growing in terms of value sales. This struggle has cost the industries loss in millions as the demand was drastically lowered.

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AUTOMATION CONTROL IN MEDICAL DEVICES MARKET REGIONAL INSIGHTS

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominating the Market due to Advanced Technology"

North America is expected to be the leading region of this particular product market and is anticipated to to grow over the forecasted period. North America's strong R&D expenditures, new product introductions, and government programs allowed it to dominate the business. The region's greater use of laboratory automation is also ascribed to the existence of a well-established healthcare infrastructure.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive"

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

LIST OF MARKET PLAYERS PROFILED

• ABB (Switzerland)
• General Electric (U.S.)
• Honeywell (U.S.)
• Siemens (Germany)
• Schneider Electric (France)
• Rockwell Automation (U.S.)

INDUSTRIAL DEVELOPMENT

January 2022: This particular company has attributed the market growth in terms of revenue and shares system. Becton, Dickinson, and business, a medical technology business, recently announced that it will be purchasing Parata Systems for a sum of $1.5 billion. Arata Systems provides inventory management software, high-speed robotic dispensers, workflow and compliance packaging solutions, and more. In order to better people's lives, Bedcton, Dickinson was acquired to run pharmacies.  This development has proved that the company will continue to proliferate this particular product market growth.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.