Press release
Pharmacy Automation Devices market is expected to reach USD 8.34 billion by 2030 : Cognitive Market Research
Pharmacy Automation Devices market is expected to reach USD 8.34 billion by 2030 : Cognitive Market Research
- Pharmacy Automation is the electronic process of distributing, sorting, packaging, and counting prescription medications. It is used for different purposes, including improving efficiency, abating labor costs, and improving accuracy. When pharmacy automation became popular, pill counting was one of the techniques. Pharmacy Automation offers several benefits to pharmacy owners including increased accuracy and speed, better space savings, better narcotics security, and improved inventory management.
Summary:
- As per our analysis, the Pharmacy Automation Devices market was valued at USD 4.8 billion in 2022 and is expected to reach USD 8.34 billion by 2030 at a CAGR of 7.8%, from 2023-2030. Further, North America accounted for the highest market share in the pharmacy automation devices market.
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https://www.cognitivemarketresearch.com/pharmacy-automation-device-market-report
Market Dynamics:
- The Pharmacy Automation Devices market is driven by the surge in demand for specialty drug prescription filling solutions, the increasing need to minimize medication errors, and the decentralization of pharmacies. Medication errors are recognized as one of the leading causes of hospital readmission across the globe.
Further, the growth of the healthcare sector and emerging advanced technologies in the healthcare sector will create several opportunities for the global pharmacy automation devices market. However, high initial capital investments can hinder the growth of the market.
Market Segmentation:
Product Type:
• Medication Dispensing Systems
• Packaging and Labelling Systems
• Storage and Retrieval Systems
• Automated Medicated Compounding Systems
• Tabletop Tablet Counters
Medication Dispensing Systems segment is dominating the global pharmacy automation devices market, owing to the accuracy in dispensing of medicines and improved safety offered by these systems, which result in minimum incidences of wrong medications being dispensed to patients.
End-use:
• Retail Pharmacies
• Hospital Pharmacies
The Major Players in Pharmacy Automation Devices Market are:
AmerisourceBergen Corporation, ForHealth Technologies, Fulcrum Inc, Accu Chart Healthcare, McKesson Corporation, Innovation PharmaAssist Robotics, Pearson Medical Technologies, Parat Systems Pharmacy Automation, GSE Scale Sysyems, ScriptPro, Swisslog Holding, Talyst, Yuyama
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News:
- Capsa Healthcare Announced the Acquisition of Humanscale Healthcare (February 2022)
Capsa Healthcare, an innovator in healthcare delivery solutions for hospitals, long-term care, and retail pharmacy providers, announced the acquisition of Humanscale Healthcare, a designer and manufacturer of flexible technology solutions and computing workstations based in New York, NY.
Regional Analysis:
- North America accounted for the highest market share in the Pharmacy Automation Devices market. This is due to the increasing incidences of suspected pharmaceutical mistakes, the strong presence of major market players, and the quick adoption of advanced technologies. Asia Pacific region is expected to register the highest CAGR during the forecast period. This is attributed to the rising demand for health technology solutions and the strong presence of major market players in this region.
Browse Here For Full TOC
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
1.1 Global Pharmacy Automation Device Industry Introduction
1.2 Objectives of the Study
1.3 USP of the Report
1.4 Who is this report for?
1.5 Designing of Market Scope
1.5.1 Pharmacy Automation Device Market Segmentation
1.5.1 Pharmacy Automation Device Market Regional Fragmentation
1.5.1 Pharmacy Automation Device Market Players
1.6 Report Duration
Chapter 2 Research Methodology Review Complete Research Methodology
2.1 Pharmacy Automation Device Market Report 2023 Research Methodology
2.2 Systematic Research Approach
2.2.1 Primary Research
2.2.1.1 Key Data from Primary
2.2.1.2 Primary Interviews with Experts
2.2.1.3 Key Industry Insights
2.2.1.4 Questionnaire
2.2.1.5 Breakdown of Primaries
2.2.2 Secondary Research
2.2.2.1 Key Data from Secondary
2.2.2.2 Paid Sources
2.2.2.3 Public Sources
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
2.3.1 Bottom-UP Approach
2.3.1.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions
Chapter 3 Executive Summary of Pharmacy Automation Device Market
Chapter 4 Global Pharmacy Automation Device Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Pharmacy Automation Device Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Pharmacy Automation Device Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Pharmacy Automation Device Market Regional Analysis
Chapter 11 North America Pharmacy Automation Device Market Outlook (2018 - 2030)
Chapter 12 Europe Pharmacy Automation Device Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Pharmacy Automation Device Market Outlook (2018 - 2030)
Chapter 14 Latin America Pharmacy Automation Device Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Pharmacy Automation Device Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Pharmacy Automation Devices Market TOC click here:
https://www.cognitivemarketresearch.com/pharmacy-automation-device-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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