The global medical automation market is expected to reach $66.9 billion by 2018, growing at a compound annual growth rate of 9.1 percent, according to a Markets and Markets news release.
The current market is valued at $43.2 billion.
Point-of-care tests, such as glucose meters and blood pressure measuring devices, are a major part of this market, and demand for such products will continue to rise, according to the news release.
Diagnostic and monitoring automated devices hold the largest share in this market, approximately half, but medical logistics and training automation is expected to experience the highest CAGR over the next five years, according to the news release.
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