Press release
Pharmacy Automation Market Is Projected To Reach USD 6820.73 Million By 2025
Market Research Future (MRFR) analysed the Medical Robotics Market 2020 through the review period 2019 to 2025. The expansion of the pharmacy automation market can expand at 23.21% CAGR across the forecast period. By 2025, the pharmacy automation market value can value at USD 23,432 Million. COVID 19 analysis of the pharmacy automation market is offered along with the report.
The introduction of pharmacy automation is observed to boost dispensing process by eliminating human errors due to tedious nature of drug dispatch. This is observed to result in the inclination towards robust automation solutions by reputed and cash-rich pharmaceuticals. In addition, pharmacy start-ups are also incorporating automation technology to improve their performance that can explain the scale-up in the pharmacy automation market. Recently, the outbreak of pandemic have created huge scope for automation service and solution suppliers as human contact is required to be restricted. Thus, the market can expansion is likely due to the aforementioned factors.
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Pharmacy Automation Market Segmentation
The segment assessment of the Global Medical Robotics Market are application, product, and end-user among others.
The product-based segments of the Global Medical Robotics Market are rehabilitation robotic systems, surgical robotic systems, noninvasive radiosurgery robotic systems, and hospital & pharmacy robotic systems among others.
The application-based segments of the global medical robotics market are neurosurgery, laparoscopy, cardiology, pharmacy, and orthopaedic surgery applications. The neurosurgery segment can win high profit for the market.
The end user-based segments of the global medical robotics market are specialty centers, hospitals and clinics, and rehabilitation centers among others. The increase in the adoption of medical robotics can favor the market growth.
Pharmacy Automation Market Region Analysis
In the Americas, the pharmacy automation market expansion can be to the rise in the adoption of modern technologies across the developing healthcare sector. Hike in expenditure on healthcare and rise in the number of hospitals, along with increase in the number of healthcare laboratories can promote the expansion of the in the pharmacy automation market in the near future. The US. Market can rise at high pace, thereby is likely to lead the regional market. The region holds facilities that boost the viability of pharmacy automation systems. Thus, the availability of favorable conditions can support the regional market expansion in the near future.
In Europe, the pharmacy automation market can expand at decent pace owing to the presence of well-established pharmaceutical domain in the region. The increase in the adoption of modern medical technologies and rise in cases of chronic ailments created the need for robust pharmaceutical solution. This can favor the expansion of the regional pharmacy automation market across the study period.
In Asia Pacific, the pharmacy automation market is expected to be the fastest-growing regional market. The expansion of APAC pharmacy automation market can be attributed to hike in per capita disposable income and inclination of manufacturers towards automation systems across the healthcare industry. The expansion of the regional pharmaceutical industry can favor the market expansion in the near future. The high rate of pharmaceuticals export of APCA, especially by India, can bolster the regional market rise.
In Middle East and Africa, the pharmaceutical automation market can expand at steady pace as healthcare facilities are limited and developments are observed to happen at a steady pace.
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Pharmacy Automation Market Key Players
Smith & Nephew (UK), ReWalk Robotics (US), Ekso Bionics (US), Intuitive Surgical (US), Stryker (US), Aethon (US), Mazor Robotics (Israel), Renishaw plc (UK), InTouch Technologies, Inc. (US), Medtech SA (France), Medrobotics Corporation (US), and McKesson Corporation (US) are some renowned companies that are operating in the worldwide medical robotics market that are recognised by MRFR.
Table Of Contents
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope Of The Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
3. RESEARCH METHODOLOGY
3.1. Overview
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. MARKET DYNAMICS
4.1. Overview
4.2. Drivers
4.3. Restraints
4.4. Opportunities
5. MARKET FACTOR ANALYSIS
...TOC Continued
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Market Research Future
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
NOTE: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required we will be considering covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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