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Healthcare Automation Market Size to Hit USD 91.6 Billion by 2030

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Ottawa, Sept. 21, 2022 (GLOBE NEWSWIRE) — Recently Published Report on “Healthcare Automation Market (By Product; By End-User) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030”.

Continuous advancement in the technological in the automation solution, rising assistance of government in funding for healthcare automation, increasing the cost of labor along with rising demand for repeatability as well as fidelity are some of the integral factors that are propelling the healthcare automation market growth in terms of value sales. Additionally, rising demand for the use of automation in pharmacies & laboratories as well as high potentiality for prompt detection & treatment of the diseases are other key factors that are offering immense opportunities for the growth of the overall healthcare automation market. However, high price of the medical automation is likely to restrain the growth of the market in terms of value sales.

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Developing Asia-Pacific nations such as China and India are expected to be the lucrative market for the key players who are engaged in the growth as well as marketing medical automated solutions for the medical industry. Moreover, rising number of ageing population, growing incidence of chronic disease such as diabetes, cardiovascular disease, cancer, orthopedic diseases and others, increasing clinical investigation and rising government spending on life science as well as the healthcare research are some of the prime factors that are fueling the overall healthcare automation market growth in the emerging economies.

Furthermore, the key market players are increasingly adopting new product formulations and introduction, product approvals, collaborations and other development strategies to maintain its dominance in the market. Likewise, in the year 2014, one of the key market players named Tecan Group Ltd., emphasizes on the modification as well as new product as one of its development strategies to maintain its position in the healthcare automation industry.

Report Highlights

  • On the basis of Application, the therapeutic automation segment holds the largest market share in the global market and is anticipated to retain its dominance during the forecast period.
  • On the basis of end users, Research Institute segment holds the largest market share in the global market.
  • By region, North America holds the largest market share 41% in the global healthcare automation market.
  • However, Asia-Pacific is expected to be the fastest growing market for the healthcare automation.

What is the regional impact in the healthcare automation market?

  • North America region dominated the healthcare automation market, accounting for the highest market share in 2021. This is attributable to the continuous improvement in the medical as well as and information technology industry in this region. The rising investment in R&D by the government in this region especially in the U.S. is also contributing towards the growth of the organization.
  • Consumers with high cases of chronic disease such as diabetes, cardiovascular disease, cancer and others are also propelling the requirement for the government assistance in healthcare automation technology. Additionally, the rising demand for good medical services as well as increasing preference for diagnostics & monitoring automation is driving the market growth in the U.S.
  • However, Asia-Pacific is expected to be the fastest growing segment during the forecast period. This is attributable to proliferation of medical infrastructure, rising consumer awareness, increasing application of the automated technology in medical sector in countries like China, India and others. Moreover, the healthcare automation industry is also rising owing to the rise in geriatric population along with rising cases of chronic disease, the proliferation of medical infrastructure and others.

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Scope of the Report

Report Attributes Details
Market Size in 2021 USD 37.8 Billion
Revenue Forecast by 2030 USD 91.6 Billion
Asia Pacific Market Share 22% in 2021
CAGR 10.33% from 2022 to 2030
Base Year 2021
Forecast Year 2022 to 2030
Key Players Siemens AG, Swisslog Holding AG, Koninklijke Philips N.V., General Electric Company, Intuitive Surgical, Inc., Stryker Corporation, Medtronic plc, Danaher Corporation, Accuray, Inc., and Tecan Group Ltd.

Market Dynamics

Drivers

Rising application of healthcare automation in research centers to augment market growth

  • In recent years, the healthcare automation is providing advance solution to the pharmacy hospital automation, material handling and logistics & transport and other application. Research institutes & labs all across the world are increasingly investing in the development of healthcare automation to perform various related activities as well as to enhance overall efficiency of the work. Additionally, the healthcare automation plays a vital role in research organizations to strengthen the overall productivity in providing medical facilities, enhancing quality, and others.
  • In addition to this, rising adoption of healthcare automation by the research organization & labs has contributed in the growth of the market in terms of value sales and it is also anticipated to offer lucrative opportunities for the growth of the healthcare automation market during the forecast period.

Restrain        

Insufficient government investment in economically developing nation to hamper the market growth

  • Insufficient government investment in developing countries including Sri Lanka, Africa, Pakistan and others is restricting the growth the healthcare automation market in these economies. Therefore, the healthcare automation manufacturers can closely work with the government to improve the investment in the advancement of the technology. Thereby, it assists in bolstering the reliability of both healthcare automation providers as well as the government. Additionally, ongoing “Digital India” Movement initiated by the Indian government have a vital role in enhancing the medical infrastructure as well as medical services network in the country.

Opportunities

Dynamic Technological Advancements Enhance Patient Outcomes

  • The continuous advancement in technological is one of the prime factor fueling the healthcare automation market growth all across the globe. The rising development in technological in research & lab automation as well as testing& monitoring automation is bolstering the requirement for the use of healthcare automation all across the globe thus contributing towards the overall market growth in terms of value sales.
  • Moreover, the medical experts have high volumes of patients medical reports easy available owing to the use of Data & Artificial Intelligence which allows them to make important decision to treat patients. Thereby, the application of healthcare automation is anticipated to surge at medical facilities in recent years, improving efficiency, and fueling the medical facilities to the patients. Therefore, bolstering the growth of the market in terms of value sales.

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Challenges

Scarcity of experts and high costs of installation to restrict the market growth

  • The high cost of installation as well as maintenance costs of healthcare automation and the security &privacy issues, are some of the major factors that are hampering the growth of the overall healthcare automation market in terms of value sales globally. Furthermore, the insubstantial configurability of the healthcare automation is the factor which is likely to restrain the global proliferation of the healthcare automation systems during the forecast year. Additionally, scarcity of highly skilled professionals is likely to impede the growth & implementation of the innovative technology.

Market Segmentation

By Product

  • Therapeutic Automation
  • Lab & Pharmacy Automation
  • Medical Logistics & Training Automation
  • Diagnostics & Monitoring Automation

By End-User

  • Hospital
  • Research Institutes 
  • Home/Ambulatory Care
  • Diagnostic center

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

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Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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