Automation Control Market in Medical Devices Industry by Product and Geography - Forecast and Analysis 2021-2025

Published: Mar 2021

Pages: 120

SKU: IRTNTR70344

Snapshot

The automation control market size in medical devices industry in the Americas has the potential to grow by USD 398.39 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.62%.

This report provides a detailed analysis of the market by product (MES, PLC, DCS, and SCADA), geography (the US, Canada, Mexico, and the rest of Americas), and key vendors.

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

The automation control market in medical devices industry in Americas is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

The market players also significantly leverage external market drivers such as steady growth of the medical devices industry to achieve growth opportunities. However, factors such as high cost of automation will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the automation control market forecast in medical devices industry in Americas report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

This automation control market analysis in medical devices industry in Americas report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

Automation Control Market in Medical Devices Industry in Americas: Key Drivers and Trends

The advancements in the medical and healthcare sector and the advent of new technologies such as the Internet of Medical Things (IoMT) in medical device manufacturing, along with the evolution of value chain configurations, have resulted in significant developments in the global medical devices industry.
The growing prevalence of lifestyle diseases and increasing demand for advanced medical devices are the primary drivers for the growth of the global medical devices industry.
The excise tax on medical devices, which was previously imposed by Internal Revenue Code section 4191 in the US, was repealed in December 2019, which further increased the growth prospects for medical device manufacturers.
Steady growth in the regional medical devices industry will, in turn, propel the growth of the market in focus during the forecast period.

The integration of automation control systems in discrete manufacturing processes such as the medical devices industry has improved operations, leading to sustainable development.
Automated solutions and systems are experiencing continuous demand from medical device manufacturers owing to their rising preference for lean manufacturing.
In the medical devices industry, automation control systems synchronize different medical device manufacturing tasks, monitor inventory movements, and assure quality procedures.
The most prominent benefit of automation control systems is cost reduction in terms of wastage, rework, and defects.
The shift of manufacturers in the region to lean manufacturing practices will, in turn, support the growth of the automation control market in medical devices industry in Americas during the forecast period.

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Automation Control Market in Medical Devices Industry in Americas: Segmentation by Geography

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67% of the market’s growth will originate from the US during the forecast period. Market growth in this country will be faster than the growth of the market in Canada, Mexico, and the rest of Americas.

The availability of favorable reimbursement policies and regulations is one of the prime factors that will facilitate the automation control market growth in medical devices industry in Americas over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Automation Control Market in Medical Devices Industry in Americas: Segmentation by Product

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The medical device industry, specifically in North America, is well-established and embracing digitalization. The MES is incorporated with the medical device development process to increase the efficiency of production operations and to enhance transparency and traceability. The MES segment is primarily driven by factors such as improved batch-release and record-storing, efficient production and scheduling, tracking of products, cost-efficiency, compliance, visibility, and effective inventory management. The market segment is expected to exhibit a fast growth rate during the forecast period.

The post COVID-19 impact has fast-tracked the demand for MES. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automation control market size in medical devices industry in Americas.

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Automation Control Market in Medical Devices Industry in Americas: Key Highlights of the Report for 2021-2025

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive automation control market growth in medical devices industry in Americas during the next five years
Precise estimation of the automation control market size in medical devices industry in Americas and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the automation control market in medical devices industry across the US, Canada, Mexico, and the rest of Americas
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automation control market vendors in medical devices industry in Americas

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Automation Control Market In Medical Devices Industry In Americas Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 7%
Market growth 2021-2025	$ 398.39 million
Market structure	Fragmented
YoY growth (%)	7.35
Regional analysis	US, Canada, Mexico, and Rest of Americas
Performing market contribution	US at 67%
Key consumer countries	US, Canada, and Mexico
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	ABB Ltd., Emerson Electric Co., Facteon Intelligent Technology Ltd., Festo SE & Co. KG, General Electric Co., Rockwell Automation Inc., ROSS Group, Schneider Electric SE, Siemens AG, and Thermo Fisher Scientific Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

Market ecosystem
Market characteristics
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Market Segmentation by Product

Market segments
Comparison by Product
MES - Market size and forecast 2020-2025
PLC - Market size and forecast 2020-2025
DCS - Market size and forecast 2020-2025
SCADA - Market size and forecast 2020-2025
Market opportunity by Product

Customer landscape

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
US - Market size and forecast 2020-2025
Canada - Market size and forecast 2020-2025
Mexico - Market size and forecast 2020-2025
Rest of Americas - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Vendor landscape
Landscape disruption

Vendor Analysis

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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