Press release
Pharmacy Automation Systems Market expanding at a CAGR of 6.7% during 2026
The global pharmacy automation systems market report begins by defining pharmacy automation systems and various types of systems used for automating the entire process in pharmacies. It is followed by an overview of market dynamics of the global pharmacy automation systems market, which includes RRI analysis of key trends, drivers, restraints and opportunities along with factors important for vendor selection criteria that is influencing the growth of the pharmacy automation systems market. It also includes an insight into region wise trends impacting the market growth. Impact analysis of key growth drivers and restraints based on a weighted average model have been included in the global pharmacy automation systems market report after detailed analysis of individual regions to better equip readers with meaningful insights on ongoing technological developments in the pharmacy automation systems market.
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The market of global pharmacy automation systems is estimated to reach US$ 3,344.7 Mn by 2016 end expanding at a CAGR of 6.7% during 2026
The primary factor fuelling demand for pharmacy automation systems is increasing hospital admissions, and need for error free compounding of medications. Other factors driving demand for pharmacy automation systems tests are an inclination of pharmacists to opt for automation solutions for streamlining the process in their pharmacies along with providing quality care to the patients. An increasing number of distribution and collaboration agreements along with the entry of regional players also drives the market for pharmacy automation systems over the forecast period. However, a primary factor hampering growth of the pharmacy automation systems market is cost of installation and implementation along with the time required to automate the process in pharmacies.
Based on product type, the market has been segmented into medication dispensing cabinets, packaging and labelling systems, IV pharmacy (automated drug compounding), robotic dispensing systems, carousal storage systems and tablet splitters. A detailed analysis has been provided for these segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity and BPS analysis.
Based on application, the market has been segmented into drug dispensing & packaging, drug storage and inventory management. Our analysis predicts that the revenue for drug dispensing and packaging application segment would increase at a very fast pace over the forecast period, to reduce the risk of errors while dispensing the medications to the patients.
Based on end user, the market is segmented into hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs. Increasing usage of pharmacy automation systems in hospital pharmacies is expected to increase the revenue generation of these systems from hospitals. This trend is anticipated to be particularly prominent in regions such as North America where there is an increasing trend of adopting automation solutions.
The next section of the report highlights pharmacy automation systems market by region and provides market outlook for 2016–2026. The report also discusses key regional trends contributing to the revenue growth of the pharmacy automation systems worldwide, as well as analyses the impact of drivers and restraints in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East & Africa (MEA).
The above sections—by product, application, end user and region—evaluate the present scenario and growth prospects of the pharmacy automation systems market for 2016–2026. We have considered 2015 as the base year and provided data for the forecast period, i.e., 2016–2026.
To ascertain pharmacy automation systems market size, we have also considered revenue generated by companies in pharmacy automation system market space. The forecast presented here assesses the total revenue by value across the pharmacy automation systems market. In order to offer an accurate forecast, we started by sizing up the current market, which forms the basis of how the pharmacy automation systems market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis based on supply side, downstream industry demand, and the economic envelope.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse it based on key parameters such as year-on-year (Y-o-Y) growth rates to understand the predictability of the market, and to identify the right opportunities across the global pharmacy automation systems market.
The pharmacy automation systems market segments in terms of product, application, end users and region. These segments are analysed in terms of Basis Point Share (BPS) to understand individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the pharmacy automation systems market.
Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is generally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective, in the global pharmacy automation systems market.
To understand key growth segments in terms of growth and sales of pharmacy automation systems globally, RRI developed the pharmacy automation systems market ‘Attractiveness Index’. The resulting index is expected to help providers identify real market opportunities in the overall pharmacy automation systems market.
Global Pharmacy Automation Systems Market: North America is expected to remain dominant market by 2026
In the final section of the report on the global pharmacy automation systems market, ‘Competitive Landscape’ is included to provide report audiences with a dashboard view, based on categories of systems available in the pharmacy automation systems market space and key differentiators. Key categories of providers covered in the report are companies manufacturing and developing pharmacy automation systems. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key companies in the pharmacy automation systems market. Report audiences can gain segment-specific company insights to identify and evaluate key competitors based on in-depth assessment of capabilities and successes in pharmacy automation systems marketplace.
Detailed profiles of the pharmacy automation system companies are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, SWOT analysis, and recent developments in the global pharmacy automation systems market.
Some competitors covered in this report are Baxter International Inc., Swisslog Holdings AG, Care Fusion Corporation, Cerner Corporation, Kirby Lester LLC, Talyst LLC., Omnicell Inc. etc
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Key Segments Covered
By Product Type
Medication Dispensing Cabinets
Packaging & Labelling Systems
IV Pharmacy (Drug Compounding Systems)
Robotic Dispensing Systems
Carousel Storage Systems
Tablet Splitters
By Application
Drug Dispensing & Packaging
Drug Storage
Inventory Management
By End-User
Hospital Pharmacies
Clinic Pharmacies
Retail Pharmacies
Mail Order Pharmacies
Pharmaceutical SMEs
Key Regions/Countries Covered
North America
S.
Canada
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Western Europe
K.
Germany
France
Spain
Italy
Nordic
BENELUX
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific Ex. Japan (APEJ)
China
India
Australia and New Zealand
ASEAN
Rest of APAC
Japan
Middle East & Africa
GCC
North Africa
South Africa
Rest of MEA
Key Companies
Baxter International Inc.
Swisslog Holdings AG
Care Fusion Corporation
Cerner Corporation
Kirby Lester LLC
Talyst, LLC.
Omnicell Inc.
ScriptPro LLC
Parata Systems
Report Analysis: https://www.researchreportinsights.com/report/rd/110114798/Pharmacy-Automation-Systems-Market
About Us:
Research Report Insights (RRI) is a leading market intelligence and consulting firm. We deliver a host of services including custom research reports, syndicated research reports, and consulting services which are personalised in nature. RRI delivers a complete packaged solution to clients; this combines current market intelligence, technology inputs, statistical anecdotes, valuable growth insights, 360-degree view of the competitive framework, and anticipated market trends.
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