Pharmacy Automation Market 2021 Precise Outlook- BD, Baxter International, TOSHO, Omnicell

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the Pharmacy Automation market segments which include products, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies, company summary, financial summary, business strategy and planning, SWOT analysis and current developments adopted by various players in order to sustain competition in this highly competitive environment.

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Top Companies in the Global Pharmacy Automation Market: BD, Baxter International, TOSHO, Takazono, Omnicell, YUYAMA, Swisslog, Willach Group, Innovation, Parata, TCGRx, ScriptPro, Talyst, Cerner, Kirby Lester 

The global Pharmacy Automation market size is projected to reach US$ 25950 million by 2027, from US$ 12660 million in 2020, at a CAGR of 10.8% during 2021-2027.

Market Overview:

The automated medication dispensing systems segment has been estimated to account for the largest market share. This can be attributed to the systems’ ability to eliminate medication errors, decreased procedural time, and enhanced patient safety concerns. These systems are found to track narcotics and other controlled drugs, monitor drug usage patterns, and eliminate the manual end-of-shift narcotic counts, especially in inpatient care units.

During the current pandemic, a rising infection rate has boosted the demand for medications. This increasing infection count has shown a positive impact on the demand for automated medication dispensing systems. Therefore the healthcare facilities and pharmacies are preferring these automated systems that have boosted their demand.

Industry News:

In February 2020, Geisinger partnered with Omnicell for automated medication dispensing that will help to drive clinical and operational efficiency, increase medication safety, and reduce costs, ultimately supporting enhanced patient care.

In December 2020, iZafe Group AB launched an updated version of the Dosell medication dispensing robot. The company has released numerous new features in place with several public procurement processes and the launch of additional pilot projects.

Market Segmentation by Types:

Automated Medication Dispensing Systems

Automated Packaging and Labeling Systems

Automated Storage and Retrieval Systems

Automated Medication Compounding Systems

Table Top Tablet Counters

Market Segmentation by Applications:

Inpatient Pharmacy

Outpatient Pharmacy

Retail Pharmacy

Others

The study objectives of this report are:

-An overview of the global market for Global Pharmacy Automation Market and related technologies.
-Analyses of global market trends, with data from 2020, and projections of compound annual growth rates (CAGRs) through 2027.
-Identifications of new market opportunities and targeted promotional plans for Global Pharmacy Automation Market.

-Discussion of research and development, and the demand for new products and new applications.

Regional Analysis For Pharmacy Automation Market:

For extensive understanding of market dynamics, the global Pharmacy Automation market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Pharmacy Automation Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Pharmacy Automation Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Free customization of the report: This report can be further customized according to the client’s specific requirements. No additional charges will be added for limited additional research.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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