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(Medical-NewsWire.com, February 21, 2018 ) The global pharmacy automation market is projected to reach USD 5.38 Billion by 2023, at a CAGR of 8.2% from 2018 to 2023. The market growth can be attributed to a number of factors such as the growing need to minimize medication errors, rapid decentralization of pharmacies, changing population demographics, and rising labor costs.
Automated medication dispensing systems accounted for the largest share of the pharmacy automation market in 2016. Decentralized automated dispensing system is expected to be the fastest growing product segment in the automated medication dispensing systems market during the forecast period. This is mainly attributed to the rising demand for accurate and timely dispensing of a treatment regimen and the need for avoiding dispensing errors associated with the type and dosage of commonly prescribed medication.
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The Pharmacy Automation market can be split based on product types, major applications, and important regions.
Major Players in Pharmacy Automation market are:
Innovation
YUYAMA
Swisslog
Willach Group
TCGRx
TOSHO
Omnicell
BD
Takazono
Baxter International
ScriptPro
Kirby Lester
Parata
Cerner
Talyst
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Major Regions play vital role in Pharmacy Automation market are:
North America
Europe
China
Japan
Middle East & Africa
India
South America
Others
Most important types of Pharmacy Automation products covered in this report are:
Automated Medication Dispensing Systems
Automated Packaging and Labeling Systems
Automated Medication Compounding Systems
Storage and Retrieval Systems
Table-top Counters
Other Systems
Most widely used downstream fields of Pharmacy Automation market covered in this report are:
Inpatient Pharmacy
Outpatient Pharmacy
Retail Pharmacy
Others
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Geographically, the key segments of the pharmacy automation systems market are Latin America, North America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). Of them, North America leads market in terms of revenue share and in the years ahead is expected to clock a 6.1% CAGR from 2018 to 2018. Asia Pacific excluding Japan and Japan, on the other hand, are expected to outshine all other regions vis-à-vis growth rate. Western Europe too is predicted to expand at a healthy clip because of the rising inclination of pharmacists in the region to opt for automated technologies in their pharmacies to provide quality care to patients. In terms of value, Western Europe is expected to register a CAGR of 6.8% over the forecast period.
Some of the key players operating in the pharmacy automation systems market are Baxter International Inc., Swisslog (Kuka AG), CareFusion Corporation (Becton, Dickinson and Company), Cerner Corporation,. Kirby Lester (Capsa Solutions, LLC), Omnicell Inc., and ScriptPro LLC.
Table of Content:
Global Pharmacy Automation Industry Market Research Report
Industry Chain Analysis
1. Global Pharmacy Automation Market, by Type
2. Pharmacy Automation Market, by Application
3. Global Pharmacy Automation Production, Value ($) by Region (2012-2018)
4. Global Pharmacy Automation Production, Consumption, Export, Import by Regions (2012-2018)
5. Global Pharmacy Automation Market Status and SWOT Analysis by Regions
6. Competitive Landscape
7. Global Pharmacy Automation Market Analysis and Forecast by Type and Application
8. Pharmacy Automation Market Analysis and Forecast by Region
9. New Project Feasibility Analysis
10. Research Finding and Conclusion
Appendix
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