Medical Automation Market Report 2023: R&D Consistency Drives Sector GrowthPosted by Ganesh Shinde on March 31st, 2023 The global medical automation market is expected to be worth US$ 44.45 billion in 2022, growing at a CAGR of 10.6% between 2023 and 2033. The adoption of automated equipment by pharmaceutical companies' drug discovery departments, the growth in demand for miniaturisation, and technical improvements along with the rise in demand for robot-assisted surgeries are some of the major drivers for the medical automation market. Further contributing elements include increased government activities, a rise in clinical trials as a result of growing R&D outsourcing to emerging economies, and rising infrastructure development expenditures. For example, as a result of government initiatives in countries such as South Korea and China that promote domestic innovation, more domestic firms in the surgical automation business focus in robotic-assisted procedures. Curexo in South Korea, which also serves as the local distributor for THINK Surgical's Solution robotic system, and TINAVI Medical Technologies in China are two examples. An increase in local companies will be critical to the market's growth over the forecast period. Key Takeaways-
Competitive Landscape- The major players in the medical automation market are-
Browse Details Summary@ https://www.futuremarketinsights.com/reports/medical-automation-market Key Segments Profiled in the Medical automation market Survey By Application:
By end use:
Like it? Share it!More by this author |