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Diagnostics and Monitoring Automation Market worth $66,920.5 Million by 2018

The “Medical Automation Market [Radiography, Capsule Endoscopy, da Vinci, POC, Intraoperative Ultrasound, Defibrillator, Infusion Pump, Automated Medication Dispensing, Microplate Reader, Pneumatic Tube Systems, RFID, RTLS] - Global Forecasts to 2018, analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia and Rest of the World.

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The global medical automation market is valued at $43,213.6 million in 2013. The global medical automation market is a technology driven market. In this market, technologies as well as their adoption by patients and clinicians witness a rapid change. The market demands significant investments in R&D, in order to constantly come up with new innovative products and technologies. Through the development of innovative products, the players in the medical automation market compete against each other in order to enhance their market share.

New product launches, followed by collaborations, partnerships, and agreements are the key growth strategies adopted by major players, in order to ensure their growth in this market. The strategy of new product launches was mainly adopted by Siemens Healthcare (Germany), Tecan Group Ltd. (Switzerland), Beckman Coulter, Inc. (U.S.), and GE Healthcare (U.K.). Companies adopted this strategy in order to expand their product portfolio and strengthen their market presence.

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A number of small, mid-sized emerging players, and large players are present in the global medical automation market. The degree of competiveness amongst these players is high. Moreover, many new players are entering this market, which is increasing the level of competition. At the same time, existing players are focusing on increasing their product differentiation, to reduce competition and maintain their market share.

The medical automation market has no clear market leader, as various segments have different leaders, depending on their expertise and product offerings.

The major players in the medical automation market include GE Healthcare (U.K), Philips Healthcare (the Netherlands), Siemens Healthcare (Germany), Tecan Group Ltd. (Switzerland), Stanley Black and Decker, Inc. (U.S.), Intuitive Surgical, Inc. (U.S.), CAE Ltd. (Canada), Brainlab AG (Germany), Given Imaging Ltd. (Israel), Medtronic, Inc. (U.S.), Asahi Kasei Corp. (Japan), CareFusion Corp. (U.S.), Roche Holding AG (Switzerland), St. Jude Medical, Inc. (U.S.), Lifescan, Inc. (U.S.), Swisslog Holdings AG (Switzerland), Omnicell, Inc. (U.S.), Omron Corp. (Japan), and Carl Zeiss Group (Germany), among others.

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