Pharmacy Automation Market Insight, Industry Size With: BD, McKesson, KUKA AG, Cerner Corporation, McKesson Health IT, Baxter International Inc. , Omnicell, Swisslog Logistics Automation, Change Healthcare, ScriptPro, Parata Systems

This market research report from pharmacy automation provides an overview of the market, taking into account various aspects of product definition, market segmentation based on different parameters and the market environment established. The pharmacy automation report, which includes product development, product launch, acquisitions, fusions, joint ventures and future technology products, analyzes the movements or actions of major players and brands in the market. The market research report of pharmacy automation also provides companies with contact information about the profile of the company, product specifications, value of production, manufacturer and market share.

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Pharmacy automation is an automated mechanical process of handling and distributing medications which helps to manage and track inventory, dispense medications accurately and efficiently resulting into additional time for clinical intervention. These automated systems are widely used in hospitals, clinics, and pharmacies. The major factors contributing to the growth of the market includes factors such increased need of minimizing medication errors and introduction of decentralization of pharmacies.

Pharmacy automation market is expected to reach USD 11,826.42 million by 2025 and is projected to register a healthy CAGR in the forecast period 2018 to 2025. This market report is a comprehensive study on how the Pharmaceutical industry is changing because of Pharmacy Automation market. Some of the major players operating in pharmacy automation market are

· Omnicell, Inc.

· Becton

· Dickinson and Company

· Baxter

· Cerner Corporation

· KUKA Aktiengesellschaft

· Capsa Healthcare

· Parata Systems LLC

· ScriptPro LLC

· Talyst, LLC

· ARxIUM

· TCGRx

· RxSafe, LLC

· Swisslog

· McKesson Corporation

Others: AMERISOURCEBERGEN CORPORATION, Health Robotics S.r.l., Yuyama Co., Ltd, ForHealth Technologies, Fulcrum Inc, GSE Scale Systems, Pearson Medical Technologies LLC, Innovation PharmaAssist Robotics, Medacist Solutions Group, LLC, and TOUCHPOINT MEDICAL, among others. The pharmacy automation market is highly fragmented and is based on new product launches and clinical results of products. The report includes market shares of pharmacy automation market for global, Europe, North America, Asia Pacific and South America. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Medication errors are caused because of incorrect use of medication or treatment. In other words it is a failed treatment process in administration leading to the harm to patient. There are various causes for the occurrence of medication error such as missing patient information, missing drug information, prescription error, dispensing the formulation, monitoring therapy and others. Wrong label information and instructions are the most common types of errors. Decentralization pharmacies are based on practice models where pharmacist is responsible for both clinical and distribution services. Decentralized pharmacies have advantages over other methods such as increased patient safety, increased efficiency in patient care, cost-effectiveness, and increased job satisfaction for both pharmacists and other health care members.

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Major market drivers and restraints:

· Rising adoption and growing need to minimize medication errors

· Decentralization of phrmacies

· Rising labor cost

· High costs to adopt pharmacy automation systems


Market Segmentation: Global Pharmacy Automation Market

· By Product, the market for pharmacy automation market is segmented into

1. Automated medication dispensing systems

2. Automated packaging and labeling systems

3. Automated table-top counters

4. Automated storage and retrieval systems

· The automated medication dispensing systems segment is further sub-segmented into

1. Robots

2. Carousels

3. Automated Unit-Dose Pharmacy-Based

4. Ward-Based

· The automated packaging and labeling systems are further sub-segmented into

1. Unit-dose

2. Multi-dose

· By application, the pharmacy automation market is segmented into

1. Drug Dispensing & Packaging

2. Drug Storage

3. Inventory Tracking

· On the basis of end-users, the pharmacy automation market is segmented into

1. Inpatient Pharmacies

2. Outpatient Pharmacies

3. Retail Pharmacies

4. Pharmacy Benefit Management Organizations

5. Mail-Order Pharmacies

· On the basis of geography, pharmacy automation market report covers data points for 28 countries across multiple geographies such as

1. North America & South America

2. Europe

3. Asia-Pacific

4. Middle East & Africa

· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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