Global Pharmacy Automation System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global pharmacy automation system market in its upcoming report titled, “Global Pharmacy Automation System Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global pharmacy automation system market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global pharmacy automation system market report has been segmented on the basis of product type, end-user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Pharmacy automation system helps pharmacies to reduce medication inventory and improves pharmacy's cash flow. This system provides operations, such as filling and capping of drugs, administration and storing of drugs, and labeling prescriptions. The system is able to store and manage more than 200-300 medications and patients’ data, in an effective and secure manner.
Increasing preference towards pharmacy automation system, owing to increasing need for minimizing medical errors is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing rush in pharmacy centers, reduce inventory and space saving design of the machine are other factors expected to further fuel growth of the target market. Furthermore, increasing incidence of deaths and injuries and growing awareness regarding the benefits of using pharmacy automation system are other factors expected to propel growth of the target market in the near future. Increasing need to reduce medication errors, advantages of pharmacy automation systems market over manual medication dispensing, and development of improved features drive the pharmacy automation systems market.
However, high implementation cost and low awareness of pharmacy automation systems among various healthcare organizations are major factors expected to restrain growth of the global market over the forecast period.
Ongoing trend observed in the target market is increasing preference towards e-prescribing which is expected to continue in the near future.
Developing healthcare infrastructure and technological advancements are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
The market in North America is expected to dominate the target market in terms of revenue over the forecast period, owing to improved inventory management systems and increasing adoption of pharmacy automation systems in healthcare industry in various countries in this region. The market in Asia Pacific is expected to register significant share in terms of revenue over the forecast period, owing to improved healthcare infrastructure across the developing countries in this region.
Global pharmacy automation systems market segmentation:
Segmentation by product type:
- Automated Medication Dispensing Systems
- Automated Storage & Retrieval Systems
- Automated Packaging & Labeling Systems
- Tabletop Tablet Counters
- Automated Compounding Devices
Segmentation by end-user:
- Retail Pharmacy
- Hospital pharmacy
- Others (Long-Term Care Pharmacy, Clinic Pharmacy, and Mail Order Pharmacy)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Baxter International Inc.
- CareFusion Corporation
- Cerner Corporation
- Kirby Lester, LLC
- Mckesson Corporation
- Omnicell, Inc.
- Parata Systems LLC
- Scriptpro LLC
- Swisslog Holding AG
- Becton, Dickinson, and Company
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