Pharmacy automation is the mechanization or automation of tasks and processes performed in pharmacy or other health care settings. The pharmacy automation not only streamlines pharmacy workflow and reduce the risk of errors, but they also enable hospitals to refocus pharmacy staff on direct patient-care activities.
Market Data Analysis:
The Pharmacy Automation market is projected to be valued at USD 4,084 million in 2019 and is anticipated to generate revenue of USD 6,859 million by the end of 2026, progressing at a GAGR of 7.69% between 2019 and 2026.
Pharmacy Automation global market is significantly rising across the globe on the back of growing need to minimize medication errors and rapid decentralization of pharmacies. Moreover, rising geriatric population and rising labor cost are projected to promote the growth of the market. Improvement in medical infrastructure in emerging countries will create new opportunities for market expansion. With the recovery of the global economy and the development of emerging powers, the Pharmacy Automation market is endowed with a promising future. Yet, high capital investment and stringent government regulations are expected to impede the growth of the market.
North America was the major revenue generating region in 2018 with a share of 40.9% and is expected to garner growth in the coming years. This can be attributed to the government regulations and initiatives, high adoption of pharmacy automation and the presence of major companies in this region. Asia-Pacific is the second largest market at a share of 28.9%. this region is anticipated to witness growth in the following years, owing to the focus of key players on emerging economies to improve healthcare infrastructure. Europe accounted for 20.7% share in the total revenue in 2018.
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Market Classification:
Global Pharmacy Automation market: Type segments
l Automated Medication Dispensing Systems
l Automated Packaging and Labeling Systems
l Automated Storage and Retrieval Systems
l Automated Medication Compounding Systems
The Automated Medication Dispensing Systems segment was the largest market segment in 2018. However, the Automated Medication Compounding Systems segment is anticipated to witness the highest growth rate during the forecast period. This can be attributed to the increasing demand for Automated Medication Compounding Systems as they ensure the accuracy of delivery of ingredients and decrease the time required for compounding manually.
Global Pharmacy Automation market: Application segments
l Inpatient Pharmacy
l Outpatient Pharmacy
l Retail Pharmacy
l Other
Global Pharmacy Automation market: regional segments
l North America (United States, Canada, and Mexico)
l Europe (Germany, France, UK, Russia, and Italy)
l Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
l South America (Brazil, Argentina, Columbia)
l The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Pharmacy Automation market, including KUKA Aktiengesellschaft, AmerisourceBergen Corporation, Omnicell, Inc., Cerner Corporation, Arxium, INC., BD, Capsa Healthcare, Parata Systems LLC, Rxsafe, LLC, Scriptpro LLC, Talyst, LLC, TCGRX Pharmacy Workflow Solutions, etc. These participants have adopted various growth strategies to meet the growing demand for Pharmacy Automation market and to increase their market share.
Pharmacy Automation Market Intended Audience:
l Pharmacy Automation manufacturers
l Pharmacy Automation importers and exporters
l Pharmacy Automation traders, distributors, and suppliers
l Pharmacy Automation industry associations
l Product managers, Pharmacy Automation industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Healthcare organizations
l Research & Clinical Laboratories
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Pharmacy Automation Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Pharmacy Automation Market by Types
4 Segmentation of Pharmacy Automation Market by End-users
5 Market Analysis by Major Regions
6 Product Commodity of Pharmacy Automation Market in Major Countries
7 North America Pharmacy Automation Landscape Analysis
8 Europe Pharmacy Automation Landscape Analysis
9 Asia Pacific Pharmacy Automation Landscape Analysis
10 Latin America, Middle East & Africa Pharmacy Automation Landscape Analysis
11 Major Players Profile
11.1 KUKA Aktiengesellschaft
11.1.1 KUKA Aktiengesellschaft Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 AmerisourceBergen Corporation
11.3 Omnicell, Inc.
11.4 Cerner Corporation
11.5 Arxium, INC.
11.6 BD
11.7 Capsa Healthcare
11.8 Parata Systems LLC
11.9 Rxsafe, LLC
11.10 Scriptpro LLC
11.11 Talyst, LLC
11.12 TCGRX Pharmacy Workflow Solutions
…
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