Pharmacy Automation Market Size To See Booming Growth | Becton, Dickinson and Company, Omnicell, Inc.

Global Pharmacy Automation Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $$ % over the forecast period 2022-2028. Pharmacy automation is a mechanical process that is used to handle and distribute medications.

This allows pharmacies to efficiently organize their workflows and also eliminates the chances of errors. The increasing requirements for reducing medication errors, rising focus on automation to reduce labor costs, coupled with the growing number of technological advancements are the primary factors fueling the market demand around the world. For instance, in 2021, Innovation Associates declares the introduction of SmartPod, a next-generation robot for central-fill pharmacy environments.

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The product enables providers to regulate and increase their centralized fulfillment solutions. Likewise, in October 2019, Parata Systems announce the launch of Max 2 the company's next-generation vial filling robot. These robots automate the filling, labeling, and capping of vials to increase productivity. Accordingly, the introduction of technologically advanced products is exhibiting a positive influence on the global market growth. However, stringent regulatory procedures and high initial capital investments impede the growth of the market over the forecast period of 2022-2028. Also, increasing awareness among pharmacists and emerging markets are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Pharmacy Automation Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising expenditure on technological developments and increasing government support. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing number of companies setting up manufacturing units, as well as growing demand for health technology solutions, would create lucrative growth prospects for the Pharmacy Automation Market across the Asia-Pacific region.

Major market players included in this report are:

Becton, Dickinson and Company

Omnicell, Inc.

KUKA AG

Baxter International Inc.

Capsa Healthcare

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Cerner Corporation

i Co., Ltd.

Parata Systems, LLC

RxSafe, LLC

ScriptPro LLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Automated Medication Dispensing and Storage Systems

Automated Packaging and Labelling Systems

Automated Tabletop Counters

Automated Medication Compounding Systems

Other Pharmacy Automation Systems

By End-User:

Inpatient Pharmacies

Outpatient Pharmacies

Retail Pharmacies

Pharmacy Benefit Management Organizations and Mail-Order Pharmacies

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By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

Here is an overview of the different factual statements covered by the study:

The learn about consists of an area that breaks down strategic traits for the primary gamers in present and upcoming R&D, new product launches, collaborations, regional expansion, and mergers & acquisitions.
The lookup focuses on essential market traits such as revenue, product cost, potential and utilization rates, import/export rates, supply/demand figures, market share and CAGR.
The learn about is a series of analyzed records and a variety of barrels of house bought via a mixture of analytical equipment and an inside look up process.
The Market can be divided into 4 areas in accordance to the regional breakdown: North American Markets, European Markets, Asian Markets and Rest of the World.

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