The global Healthcare Actuators market was worth USD 989.10 billion in 2021 and is expected to grow to USD 1,590.20 billion by 2027, at a CAGR of 6.8% over the forecast period.
Healthcare Actuators Market Overview
The healthcare industry is inventing and manufacturing a variety of sophisticated machines that require actuators. Electrical, pneumatic, or hydraulic energy is converted into mechanical movement by an actuator to regulate motions. Wheelchairs, patient lifts, therapy chairs, and medical beds all make use of these. The expansion of the worldwide healthcare actuator market is primarily driven to elements like expanding healthcare facilities and an ageing population. But the high price of medical equipment is limiting market expansion. Actuators are in charge of moving and controlling machinery and systems. Medical beds, patient lifts, wheelchairs, treatment couches, dentistry chairs, and medical carts are just a few of the devices that utilize healthcare actuators. Therefore, the market for healthcare actuators is projected to be driven by the growing number of healthcare institutions. In the US, there are more hospitals than ever before. The total number of hospitals climbed from 5,627 in 2014 to 6,146 in 2018, according to the American Hospital Association's (AHA) Annual Survey of Hospitals. Furthermore, the number of hospitals in emerging countries is increasing. For instance, as of July 2018, there were 37,725 public healthcare facilities in India, according to the Ministry of Health and Family Welfare. Similarly, between 2011 and 2017, the number of private hospitals in China doubled to 16,900 facilities, according to the country's National Health and Family Planning Commission. As a result, the market is anticipated to be driven by the growing number of hospitals.
Industry News and Updates
LINAK releases new actuator systems for couches and tables for healthcare industry --
New actuator systems from LINAK make it more attractive to have electric adjustment of couches and tables for treatment and examination. As well as ample power, speed, stability, and several safety features, design and system flexibility now play a significant part too. For many healthcare practitioners the adjustable treatment couch is the most important piece of equipment. It must be able to safely elevate the patients – regardless of their build – and preferably do so in a fast and comfortable manner.
What are the major Applications, Types and Regions for Healthcare Actuators Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Medical Equipment Manufacturer
- Research Institute
By Application, it is segmented into
- Universities
- Hospitals
- Laboratory
Healthcare Actuators Market Regional Analysis
In Western Europe, the Spanish medical equipment market is the sixth biggest. In 2015, it was valued at US$4.5 billion, a 15% decline from 2014. Due to Spain's continued economic woes, market growth is expected to be modest, reaching US$5.6 billion by 2019. Despite its slow development, Spain will continue to be one of Europe's top medical device markets.
Small and mid-sized businesses account for 90% of the medical device manufacturing industry in Spain, although a few giant corporations dominate the home market. Nonetheless, Spain's healthcare system is reliant on imported goods, primarily from Europe (particularly Germany) and the United States.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Healthcare Actuators Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Healthcare Actuators Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Healthcare Actuators Market report scope?
Report Attributes
|
Report Details
|
Forecast Period 2022 to 2027 CAGR
|
CAGR of 6.8% over the forecast period (2022-2027)
|
By Type
|
- Electrical
- Pneumatic
- Hydraulic
|
By Application
|
- Medical Equipment Manufacturer
- Research Institute
|
By Companies
|
MISUMI Corporation, SMC Corporation, Rockwell Automation, Inc., Altra Industrial Motion, Richmat, TiMOTION Technology Co. Ltd., LINAK, Venture MFG Co., Movetec Solutions ApS, Tolomatic, Inc.
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
100
|
Customization Available
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this Healthcare Actuators Market Report
- Evaluate Healthcare Actuators market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Healthcare Actuators market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Healthcare Actuators Market?
The Healthcare Actuators Market is growing at a CAGR of 6.8% over the next 5 years.
Who are the key players in Healthcare Actuators Market?
MISUMI Corporation, SMC Corporation, Rockwell Automation, Inc., Altra Industrial Motion, Richmat, TiMOTION Technology Co. Ltd., LINAK, Venture MFG Co., Movetec Solutions ApS, Tolomatic, Inc.
What are the significant types of Healthcare Actuators Market?
Electrical, Pneumatic, Hydraulic
What are the major end-use applications of Healthcare Actuators Market?
Medical Equipment Manufacturer, Research Institute
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
