San Francisco, 15
November 2018: The global high volume dispensing systems market size is expected to reach USD 3.07 billion by 2025,
according to a new report by Grand View Research, Inc., progressing at a CAGR
of 8.2% during the forecast period. Increasing number of prescriptions, growing
disease burden, and recent technological advancements are some of the key
drivers for the market. Rising incidence of dispensing errors is boosting the
need for high volume dispensing systems in order to enhance patient safety.
Increasing adoption of
pharmacy automation systems in retail pharmacies for dispensing large volume
medications is one of the key factors fueling the demand for high volume dispensing
systems. Surging demand for faster prescription processing and increasing
government funding for installation of these systems in hospitals are also
stoking the growth of the market. Moreover, soaring need for reduction in
inventory discrepancies is further bolstering the demand for these systems.
Rising number of retail
and mail order pharmacies is resulting in high volume of medication inventory.
This, in turn, is creating an upswing in the adoption rate of high volume
dispensing systems. Growing concerns regarding patient safety and increasing
investments in pharmacy automation systems are also propelling the market. In
addition, increasing demand for reduction of pharmacist workload is further
expected to augment the market over the forecast period.
Access Research Report
of High Volume Dispensing
Systems Market @ www.grandviewresearch.com/industry-analysis/high-volume-dispensing-systems-market
Further key findings from the report suggest:
· High volume dispensing cabinets emerged as
the largest segment in terms of revenue in 2017 owing to increasing demand for
efficient pharmacy workflow and rapid technological advancements
· High volume dispensing systems in retail
pharmacies commanded the largest revenue share in 2017 owing to rising number
of prescriptions and increasing demand for reduction of pharmacy workload
· In terms of geography, North America
represented the leading revenue share in 2017. On the other hand, Asia Pacific
is estimated to register the highest CAGR over the forecast period
· Omnicell, Inc.; McKesson Corporation;
Innovation Associates; TCGRx; and ScriptPro, LLC are the major players
operating in the market.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has
segmented the global high volume dispensing systems market on the basis of
products, end use, and country:
High Volume Dispensing Systems Products Outlook (Revenue,
USD Million, 2014 - 2025)
·
Systems/Cabinets
·
Software Solutions
High Volume Dispensing Systems End Use Outlook (Revenue,
USD Million, 2014 - 2025)
·
Independent pharmacies
·
Hospital pharmacies
High Volume Dispensing Systems Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia-Pacific
·
Latin America
·
Middle East Africa
Access Press Release of
High Volume Dispensing Systems Market@ www.grandviewresearch.com/press-release/global-high-volume-dispensing-systems-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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