San Francisco, 28
November 2018: Pharmacy automation involves automation and
mechanization of tasks that include distribution and handling medication
processes carried out in heath care centers and specialty pharmacy centers. The
global pharmacy automation devices industry is
projected to grow at a CAGR of 7.3% from 2014 to 2020 and reach over USD 8.99
billion.
Automation systems such as packaging and
labeling systems, medication dispensing system, storage and retrieval systems,
table-top counters and compounding systems are employed in order improve the
efficacy of regular jobs within pharmacies. The market is expected to grow
owing to features including system integration that increases productivity and
time to clinicians for patient care, thereby lowering medication errors.
Rising demand for pharmaceutical products,
progressively growing technology and demand for precise robotic equipment &
tools to perform operations at a faster rate are expected to be the key factors
for market growth. Untapped growth opportunities in countries such as Brazil,
China, and India coupled with escalating demand for automation in pharmacy and
healthcare operations is expected to drive growth over the forecast period.
The market was dominated by automated
medication dispensing systems in 2013. It accounted for a share of over 47.8%
owing to growing demand for accurate medication dispensing systems. Automated
dispensing systems have the ability to reduce significantly error rates and the
ability to dispense hands-free. They provide storage, recording of medication,
distribution to resident care and computer controlled dispensation.
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Research Report of Pharmacy Automation Devices Market @ www.grandviewresearch.com/industry-analysis/pharmacy-automation-market
Automated compounding systems are
anticipated to grow rapidly at a CAGR of 8.4% from 2014 to 2020 owing to an
increasing demand for mixing of medication and substantial decrease in total
time to complete a dose.
The existence of IT healthcare systems and
high rate of penetration in healthcare and pharmaceutical units resulted in
North America occupying the largest regional market in 2013. It accounted for
about 54.8% of the market revenue. Increasing healthcare overheads and R&D
relevant to pharmacy automation devices are few factors responsible for its
market share.
Asia Pacific is likely to grow at a CAGR of
over 9.0% during the forecast period and is the most lucrative regional markets
majorly due to improving healthcare infrastructure in emerging economies of
China and India. Easy access available to new entrants including multinational
pharmaceutical companies and distributors in this region coupled with the
introduction of healthcare reforms in these countries is expected to drive
market growth.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Key industry players include
AmerisourceBergen Corporation, CareFusion Corporation, Accu-Chart Healthcare,
ForHealth Technologies, GSE Scale Systems, Fulcrum Inc,McKesson Corporation,
Innovation PharmaAssist Robotics, Pearson Medical Technologies, Health Robotics
SRL, Kirby Lester, MedDispence, Pyxis Pharmacy Automation Systems, Medacist,
MTS Medication Technologies, OmnicellInc, Cerner Corporation, Rice Lake
Weighing Systems, Baxter International Inc., Aesynt Inc., ScriptPro LLC, Parat
Systems Pharmacy Automation, Yuyama Co. Ltd, Swisslog Holding Ltd,Talyst Inc.
and ScriptPro LLC.
Grand View Research has segmented the
pharmacy automation devices market on the basis of application, end-use and
region:
Pharmacy Automation Devices Application
Outlook
·
Automated Medication Dispensing Systems
·
Automated Packaging And Labeling Systems
·
Automated Storage And Retrieval Systems
·
Automated Medication Compounding Systems
·
Table Top Tablet Counters
Pharmacy Automation Devices End-use Outlook
·
Hospital Pharmacy
·
Retail Pharmacy
Pharmacy Automation Devices Regional
Outlook
·
North America
·
Europe
·
Asia Pacific
·
RoW
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Pharmacy Automation Devices Market@ www.grandviewresearch.com/press-release/global-pharmacy-automation-market
About Grand View Research
Grand View Research, Inc. is a
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