Credence Research states the interest of a new study on Pharmacy Automation Market. The Pharmacy Automation Market is expected to Exhibit Rapid Growth during the Forecast Period. The research report, named “Pharmacy Automation Market- Growth, Future Prospects, and Competitive Analysis, 2018- 2026,” estimates the historical performance and the current standing of this market, emphasizing especially on the dynamics of the need and supply of Pharmacy Automation.
The study research also considers many sections of the global Pharmacy Automation Market completely on the basis of the product type and application, considering their current as well as historical performance across the globe. Moreover, the report also shows the growth trajectory of each of the sections, global as well as in each of the regional segments, representing a descriptive analysis of the overall industry.
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We have considered automated solutions used in hospital and retail pharmacies. Hospital pharmacies accounted for the largest revenue share of 56.5% in the overall market by end use sector. This segment is expected to see a significant growth with rising installation of prescription management and medication management solutions in large and medium size hospitals across the world. These systems are gaining popularity in the U.S., Europe and Asia Pacific with shifting trend towards patient centric pharmacy systems from product centric pharmacy systems. Retail pharmacy segment is expected to be the fastest growing end use segment for pharmacy automation solutions. Retails pharmacists are focusing to cost per prescription in order to reduce their fixed costs. This is increasing the demand for central prescription filling systems (central prescription dispensing systems) from retail segment. Hospitals are looking for hybrid solutions in which provide benefits of both centralized as well as decentralized systems. However, retail pharmacists are installing centralized automation solutions.
The study paper also speaks about the present as well as upcoming ventures in the global Pharmacy Automation Market at length, making this knowledge of special value for businesses, consultants, and stakeholders functional in this market.
Further, the report analyzes the competitive aspect of this market by reviewing the profiles of the key market participants in a bid to determine the current hierarchy.
The main purpose of this research study is to help the associates operating in the worldwide industry for Pharmacy Automation Market in planning active artifices and enhancing their decision-making techniques to gain a competitive edge over their challengers.
The report added new project SWOT analysis, investment feasibility analysis, and investment return analysis.
The market comprises large number of multinational players such as CareFusion, AmerisourceBergen Corp, Swisslog Holding Ltd, Omnicell, Kirby Lester, McKesson Corporation, ScritPro and Parata system and others.
- The research gives an in-depth analysis of the global Pharmacy Automation Market, with running trends and future views, to elucidate the imminent investment pockets.
- The quantitative study from 2018 to 2026 is demanded to enable the stakeholders to capitalize on prevailing market possibilities.
- The report provides real historical figures for 2014 and year-on-year predictions from 2018 to 2026, considering 2018/2018 as a base.
- Overall analysis of all geographical regions is presented to determine the general opportunities.
Pharmacy Automation Market key segments
- By type
- By technology
- By end-user
- By region
O North America
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10.1 AmerisourceBergen Corporation
10.1.1 AmerisourceBergen Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.2 Baxter International Inc
10.2.1 Baxter International Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.3 CareFusion Corporation
10.3.1 CareFusion Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.4 Cerner Corporation
10.4.1 Cerner Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.5 Health Robotics SRL
10.5.1 Health Robotics SRL: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.6 McKesson Corporation
We have considered following applications of pharmacy automation technologies to estimate the overall market size:
- Automated Medication Dispensing
- Automated Packaging & Labeling
- Storage & Retrieval Systems
- Automated Compounding Systems
- Table-top Counters
Automated dispensing solutions consist of drug storage and dispensing cabinets that electronically dispense medications in a controlled fashion. These solutions also keep records of medication use. Large and medium size hospitals are increasingly deploying automated dispensing systems to improve medication distribution process and improve patients’ safety. Automated dispensing solutions accounted for the largest revenue share compared to other types of product categories. The adoption of automated dispensing systems is increasing steadily in Asia Pacific and Middle East with government support to install these solutions and rising medical tourism in these regions. Automated compounding devices (ACD) solutions are expected to see the fastest growth through the forecast period. Automated compounding devices (ACD) solution is commonly used for healthcare providers and pharmacist for the preparation of parenteral nutrition admixtures. Healthcare providers are increasingly installing these solutions in order to reduce adverse drug events and achieve zero medication errors. Continuous advancement in software solutions to provide customized solutions is expected to drive the demand for advanced compounding solutions through the forecast period. Table top tablet counter machines are also expected to see a significant growth with rising demand from small pharmacists. Table top counter systems are gaining popularity in all type of pharmacists due to their low installation cost and small size.
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