Medical Automation Market: Overview
In a highly competitive pharmaceutical industry, automation can prove to be a massive operational advantage and a key differentiator for players of all sizes. The future of the healthcare industry is increasingly being defined by the advent of faster, more accurate, and easy-to-use devices that are riding high on the wave of medical automation. With a massive number of people crossing the 60-year threshold, the healthcare industry is facing a pressing need to scale up resources and brace for a spike in healthcare needs. This is where automation is expected to be the real game changer.
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There are several market dynamics that are collectively creating a need for more automation in the medical industry. According to an article published in Health Affairs, there will be a shortage of 260,000 registered nurses by 2025 in the U.S. The scenario won’t be drastically different in other developed countries where the workforce is aging rapidly. With fewer humans available to carry out all of the tasks in the healthcare industry, healthcare institutions and pharmaceutical companies are focusing on automation to get redundant and repetitive tasks done. However, as has been the case with several other industries, automation is regarded as a job killer and has been opposed in several countries worldwide.
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These push and pull factors will decide how this market shapes up in the coming years. This is what the report aims to assess. The report creates segments of the global medical automation market based on criteria such as applications, end-users, and geography.