Pharmacy Automation Systems Market Latest Trends and Competitive Analysis by 2019-2026

‘Global Pharmacy Automation System Market - Size, Share and Forecast (2019 - 2026)’ from DataM Intelligence provides expert analysis into the market share, size, industry outlook, volume, major manufacturers and future trends in this industry. Probable impediments have also been discussed so as to allow the user in getting a better understanding of the key market drivers and restraints.

Global Pharmacy Automation Systems Market – Market Dynamics
The global market for the Pharmacy Automation Systems Market is primarily driven by the increasing need to decrease prescription errors, benefits of pharmacy automation systems over manual medication dispensing, and development of improved features. For instance, a UK study found that 12% of all primary care patients may be affected by a prescribing or monitoring error over a year, increasing to 38% in those 75 years and older and 30% in patients receiving five or more drugs during 12 months. Overall, 5% of prescriptions had prescribing errors.

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Global Pharmacy Automation Systems Market – Segment Analysis
By Product Type, the Global Pharmacy Automation Systems market is segmented into Automated Medication Dispensing Systems, Automated Storage & Retrieval Systems, Automated Packaging & Labeling Systems, Tabletop Tablet Counters, Automated Compounding Devices, and others. The Automated Medication Dispensing Systems hold the most significant market share owing to the need to reduce medication errors, improve the healthcare services, to ensure the safety of patients, track medicine usage in a controlled manner and increasing technological innovations. Hence, there is rising demand as they ensure the accuracy of delivery of ingredients, reducing adverse drug events, and they decrease the time required when compared to compounding manually.

Global Pharmacy Automation Systems Market– Geographical Analysis
North America dominates the market share of the global Pharmacy Automation Systems market. It is primarily attributed to its broad base of the patient population, the need to reduce medication errors, and the increase in adoption of Pharmacy Automation Systems. For instance, according to a study conducted by Johns Hopkins, more than 250,000 people in the US die annually because of medication mistakes, making it the third largest cause of death after heart disease and cancer. Moreover, the region’s established healthcare infrastructure, high investment in R&D activities and technological advancements in additional features, higher success rate, and newer applications of the device are contributing to the growth of North America’s share.

Global Pharmacy Automation Systems Market – Competitive Analysis
The key competitors in the global pharmacy automation market include – Baxter, Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, ARxIUM Inc., Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc. and Yuyama Co., Ltd. Key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches are other ways the leading players improve their market presence.

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Table of contents overview -

1. Global Pharmacy Automation Systems Market -Scope and Methodology
2. Global Pharmacy Automation Systems Market -Key Trends and Developments
3. Global Pharmacy Automation Systems Market – Executive Summary
4. Global Pharmacy Automation Systems Market – Market Dynamics
5. Global Pharmacy Automation Systems Market – Industry Analysis
6. Global Pharmacy Automation Systems Market – By Product Type
7. Global Pharmacy Automation Systems Market – By End-user
8. Global Pharmacy Automation Systems Market – By Region
8.1. Introduction
8.2. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
8.3. Market Attractiveness Index, By Region
8.4. North America
8.5. Europe
8.6. South America
8.7. Asia Pacific
8.8. The Middle East And Africa
9. Global Pharmacy Automation Systems Market – Competitive Landscape
10. Company Profiles
11. Global Pharmacy Automation Systems Market – Premium Insights
12. Global Pharmacy Automation Systems Market – DataM

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