The North American diagnostic and monitoring automation market, mainly driven by the increasing need for accuracy and reproducibility, and rise in labor cost, was valued at $10.9 billion in 2013 and is expected to reach $13.9 billion by 2018, at a CAGR of 4.9% during the forecast period. The diagnostic and monitoring automation market is the largest segment of the $23.3 billion medical automation market.
The report, 'North American Diagnostic and monitoring Automation Market Forecast, 2012-2018', analyzes the market under three segments: automated imaging market, automated image analysis market, and point of care market. All these segments experienced growth till 2013 as it reduces human involvement by reducing labor cost and quells people’s growing concern for patient safety. With a market value of $4.2 billion, in 2013, the automated imaging market contributed around 34% towards the total diagnostic and monitoring automation market. The large share of this segment can be attributed to the wide usage of automated medical imaging devices by hospitals and imaging centers. In terms of growth, the automated imaging analysis market is showing the fastest growth.
In North America (U.S., Canada, and Mexico), the diagnostic and monitoring automation market is driven by the need for accuracy and monetary efficiency. The need to reduce the suffering or pain of a patient is another driving factor. Further, collaboration amongst prominent players is driving the automated medical imaging market in North America. Investment in R&D in this sector is yet another major driver. The increase in lifestyle diseases is aiding the growth of this market across countries. In the U.S, over 30% of the adult population has hypertension, affecting 65 million individuals, and at least as many have pre-hypertension.
This report also provides an extensive competitive landscape of companies operating in this market. The main companies extensively covered in this report are Philips Healthcare, Siemens Healthcare, Agfa healthcare, Insight Pharmaceuticals, LLC, Konica Minolta Medical Imaging, GE Healthcare, and others.
Segment and country-specific company shares, news and deals, mergers and acquisitions, segment-specific pipeline products, product approvals, and product recalls of major companies have also been detailed in the report.
Report Customization Options
Along with market data, you can also customize MMM offerings that are in keeping with your company’s specific needs. Customize your report on the North American market for diagnostic and monitoring automation to get an insight into all-inclusive industry standards and a deep-dive analysis of the following considerations:
- Usage pattern (in-depth trend analysis) of products (segment wise)
- Product matrix which gives a detailed comparison of the product portfolio of each company mapped at country and sub-segment level
- End-user adoption rate analysis of the products (segment wise and country wise)
- Comprehensive coverage of product approvals, pipeline products, and product recalls
- Country-specific prevalence of diabetes, hypertension, and brain tumors
- Country-specific patient pool of diabetes, hypertension, and chronic diseases
- Disease progression (pattern analysis)
Surgeon/Physician Perception Analysis
- Fast turnaround analysis of surgeons’ response to market events and trends
- Pattern analysis of usage of diagnostic and monitoring automation products by physicians
- Surgeons’ opinion about products from different companies
- Surgeons’ qualitative inputs on epidemiology data
Brand/Product Perception Matrix
- Comprehensive study of customers perception and behavior through our inbuilt social connection tool checking the virality and tonality of blogs
- Analysis of overall brand usage and familiarity and brand advocacy distribution (detractor/neutral/familiar)
Alternative Products: Impact Analysis
MMM’s Healthcare Decision Making Quadrant: It is an innovative and useful quadrant for vendors who wish to analyze potential growth markets based on parameters like patient dynamics (patient pool and epidemiology of disease) and macroeconomic indicators (number of hospitals, labs, research laboratories, diagnostic centers, reimbursement scenario, and healthcare expenditure).
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Asian Medical Automation Market
The Asian Medical Automation Market was pegged at $6.6 billion in 2013 and expected to be $11.3 billion by 2018, growing at a CAGR of 11.3%. The report “Asian Medical Automation Market forecast, 2012-2018 “analyzes the market by 4 segments such as diagnostic and monitoring automation market, therapeutic automation market, lab and pharmacy automation market, and logistics and training automation market. The main companies operating in Medical automation market and extensively covered in this report are GE Healthcare, Philips Healthcare, Siemens Healthcare, AGFA healthcare, Insight Pharmaceuticals and Konica Minolta Medical.
European Medical Automation Market
The European Medical Automation market was $10.8 billion in 2013 and is expected to be $15.8 billion by 2018, at a CAGR of 7.8%. The report “European Medical Automation Market Forecast, 2012-2018”, analyzes the market by 4 segments such as diagnostic and monitoring, therapeutic, lab and pharmacy, and logistics and training. The key players of the market covered in this report are GE Healthcare, Philips Healthcare, Siemens Healthcare, AGFA healthcare, Insight Pharmaceuticals, Konica Minolta Medical and others.
North American Medical Automation Market
The North American Medical Automation market was $23.3 billion in 2013 and is expected to be $35.9 billion by 2018, at a CAGR of 9%. The diagnostic and monitoring automation market is the largest segment of North American medical automation market. The report “North American Medical Automation Market Forecast, 2012-2018”, analyzes the market by 4 segments such as diagnostic and monitoring, therapeutic, lab and pharmacy, and logistics and training. The key players of the market covered in this report are GE Healthcare, Philips Healthcare, Siemens Healthcare, AGFA healthcare, Insight Pharmaceuticals, Konica Minolta Medical and others.