Press release
Pharmacy Automation Systems Industry is expected to reach USD 5,342 Million by 2022 | Key players are Talyst systems LLC. (U.S.), ARxIUM Inc. (U.S.), Parata Systems LLC (U.S), Capsa Healthcare (U.S.), Cerner Corporation (U.S.).
Pharmacy Automation Systems Industry was valued at USD 3,145 Million in 2017 and projected to reach USD 5,342 Million by 2022 growing at a CAGR of 7.4% during the forecast period 2018 to 2022.
Pharmacy Automation Systems Industry Overview:
Pharmacy automation systems are utilized for inpatient and outpatient pharmacies for automating the routine tasks of a pharmacist, thereby automating the entire mechanical processes of handling and distributing as well as dispending medications. But these systems also aid in measuring and compounding medications, updating and tracking patient information in databases, and inventory management.
Browse details of 136 number of pages research report developed on Pharmacy Automation Systems Industry @ https://www.researchcosmos.com/reports/global-pharmacy-automation-systems-industry-research-report-market-analysis-industry-trends-and-f/5853141
Pharmacy Automation Systems Industry Growth Drivers and Restraints:
Growing adoption and rising demand for automated solutions in pharmacies, socio-economic factors like increasing disease incidences due to growing elderly population, increasing inclination of pharmacists for automation systems since it automates time-consuming and routine tasks like medication storage, compounding, packaging, retrieval, and dispensing are driving the growth of the market. These automation solutions streamline pharmacy workflow and also decrease the risk of errors. Product innovations and increasing rates of hospitalizations is also fueling the growth of the market. Through pharmacy automation systems, hospitals can keep a track and manage drug supplies and data regarding health information regarding patients. Increasing demand for efficient and clear tracking systems is anticipated to drive the market for pharmacy automation systems in the coming years. However, High initial expenditure and need for maintenance are estimated to be a few market restraining factors.
Geographic Insights of Pharmacy Automation Systems Industry:
North America region is estimated to lead the market in terms of revenue share globally. This is because of growth in insurance coverage and growing prescriptive medical assistance in United States which led to need for better workflow in North America. Increase in rate of population growth as well as innovative medical, IT and healthcare infrastructures are estimated to drive the market in Asia Pacific and Latin America region.
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Key Market Players of Pharmacy Automation Systems Industry:
The major shareholders of the Global Pharmacy Automation System Market include Talyst systems LLC. (U.S.), ARxIUM Inc. (U.S.), Parata Systems LLC (U.S), LLC (U.S.), Capsa Healthcare (U.S.), Cerner Corporation (U.S.), RxSafe, Inc. (U.S.), TCGRx Pharmacy Workflow Solutions (U.S.), KUKA AG (Germany), ScriptPro LLC (U.S.), Baxter International, Inc. (U.S.), Omnicell, Company (U.S.), Dickinson, and Becton.
Pharmacy Automation Systems Industry Key Segmentation:
By Type:
• Automated Medication Dispensing Systems
• Automated Packaging And Labeling Systems
• Automated Storage And Retrieval Systems
• Automated Medication Compounding Systems
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
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