Pharmacy Automation Market Estimated Huge Growth by 2021-2026 | BD, Baxter, TOSHO, Takazono, Omnicell, YUYAMA

The global Pharmacy Automation market size is projected to grow in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Pharmacy Automation costs and increasing production and growing capacity in Chemical industry, and healthy growth of pharmaceutical and food & beverage industry in developing countries, are supporting the growth of the Pharmacy Automation market.

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Pharmacy automation is the mechanization or automation of tasks and processes performed in pharmacy or other health care settings; it includes process like medication dispensing, packaging, labeling, storage and retrieval systems and table top counters. When automation moves into the pharmacy, technicians spend less time counting and pouring and more time managing technology. Pharmacy automation involves the mechanical processes of handling and distributing medications.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Pandemic impact on the Global Pharmacy Automation Market:

1 The Pharmacy Automation industry experienced decline in sector during the COVID-19 pandemic. This is attributed to the sharp decrease in chemical, pharmaceutical, automotive, and industrial sectors.

2 Manufacturing companies has prolonged closure of all its operations at its workplaces and manufacturing areas, until reopening instructions received from the government authorities.

3 In addition, due to reduction in labours in light of social distancing norms amid the COVID-19 pandemic, the Pharmacy Automation industry witnessed significant decrease in the production.

4 At the end of 2019, COVID-19 began to erupt in China, Due to the huge decrease of global economy; we forecast the growth rate of global economy will show a decrease of about 4%, due to this reason, Pharmacy Automation market size in 2020 will be lower than in previous years.

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Pharmacy Automation Market Players:

BD
Baxter International
TOSHO
Takazono
Omnicell
YUYAMA
Swisslog
Willach Group
Innovation
Parata
TCGRx
ScriptPro
Talyst
Cerner
Kirby Lester

Product Type Segmentation:

Automated Medication Dispensing Systems
Automated Packaging and Labeling Systems
Automated Storage and Retrieval Systems
Automated Medication Compounding Systems
Table Top Tablet Counters

Industry Segmentation:

Inpatient Pharmacy
Outpatient Pharmacy
Retail Pharmacy

Segmentation by Regions:

The research report includes a detailed study of regions of North America, Europe, China and Japan. The report has been given after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2026.

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Top Industry News:

Baxter Announces U.S. FDA 510(K) Clearance of AK 98 Hemodialysis Machine on 12 March, 2021 -- Baxter International Inc. (NYSE:BAX), a global innovator in renal care, today announced U.S. Food and Drug Administration (FDA) clearance of its next-generation Artificial Kidney 98 (AK 98) dialysis machine, which is designed to be a portable and easy-to-use system to administer hemodialysis (HD) treatments. AK 98 offers encrypted, two-way connectivity, which enables the system to pull prescriptions directly from the electronic medical record (EMR) for simplified workflow and data handling.

“We designed this latest version of our AK 98 system to help dialysis providers minimize the operational challenges that can come with administering multiple hemodialysis sessions per machine per day,” said Gavin Campbell, general manager of Baxter’s U.S. Renal Care business. “With our recent De Novo authorization of Theranova, our novel dialysis membrane, our latest innovations to support HD provide our customers with choices for therapy and treatment modality.”

Due to kidney failure, people with end-stage renal disease retain harmful toxins in their blood. During HD therapy, blood is passed through a dialyzer, which acts as the artificial kidney to filter toxins from the blood. AK 98 offers several key features to help dialysis providers efficiently manage HD treatment sessions across chronic dialysis and hospital care environments.

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