Pharmacy Automation Market
Furthermore, demand for pharmaceutical products, technologically advanced robotic equipment and tools to perform operations at faster rate pharmacy automation is required in the near future. Whereas, constant developments in technology favors dispensing of prescription medications safer, more accurate and more efficient. Pharmacy automation has helped to provide improved workflow and efficiency to pharmacist as pharmacy automation can manage over 200-300 medications and patient information in an effective and secure manner. Furthermore, increasing government initiatives to improve healthcare infrastructure in emerging economies such as India and China is in turn expected to fuel growth of the pharmacy automation market.
Request a sample copy of this report@
Pharmacy Automation Market Taxonomy
By Product Type
Automated Medication Dispensing
Automated Storage and Retrieval Systems
Automated Packaging and Labeling
Tabletop Tablet Counter
Automated Compounding Devices
Increase in need to reduce medication errors fuels the pharmacy automation market
Medication errors such as failure in the drug prescription or dispensing process is lethal to patients, which occurs due to increase in number of customers and work load on pharmacist that encourages the pharmacist to buy pharmacy automation. Whereas pharmacy automation systems in hospital or at retail pharmacy manages, track drug, supplies health information related to patient so that replenishing of only required items is performed. Additionally, pharmacy automation market is expected to gain traction due to its transparent tracking systems as pharmacy automation accurately maintain the record of medications expiry date and physical quantities which helps to reduce the medication error. According to National Coordinating Council for Medication Error Reporting and Prevention (NCC MERP) around 0.1 million people die annually due to medical errors in hospital in 2014.
Regional growth engines for pharmacy automation market
Increase in number of drug prescriptions at pharmacies due to growth in aging population in North America and increase in insurance coverage in the U.S. has elevated the burden from healthcare system of the country, which has highlighted that there is need of improvement in management of work, which is possible by using pharmacy automation.
Furthermore, rapid rise in number of patients and demand for quality care is expected to have a positive impact and also increase in technology advancement in healthcare IT infrastructure also boost the pharmacy automation market in Latin America, Middle East, Africa and Asia Pacific.
Key players to support pharmacy automation market
Technological advancement in pharmacy automation systems have improved pharmacy operation which leads to competition in various manufactures to innovate the product. For example Becton Dickinson and Company developed Cato Mediation Workflow software with an optional camera-based visual documentation hardware that provides visual documentation of syringe, vial and IV container information. Key player operating in pharmacy automation market include Baxter International Inc., Cerner Corporation, Becton Dickinson and Company, McKesson Corporation, Swisslog Holdings AG, Capsa Healthcare, ScriptPro LLC, Yuyama Co., Ltd., Omnicell Inc. and Talyst, Inc
Get More Details about this Report@
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Visit Coherent Market Insights Blog @ https://blog.coherentmarketinsights.com
Connect with us on LinkedIn @ https://www.linkedin.com/company/coherent-market-insights
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pharmacy Automation Market here
News-ID: 587595 • Views: 258
More Releases from Medical Device By CMI
Custom Procedure Trays and Packs Market – Insights
Increasing number of surgical procedures is fuelling the adoption of custom procedure trays and packs (CPTP) market during the forecast period. For instance, according to the WHO, global volume of the surgeries performed in 2012 was estimated to 266.2 to 359.5 million, out of which one in every 20 operations globally was done in very-low-expenditure Member States. Increase in geriatric population, who are more likely to develop chronic wounds as they
Robotic Rehabilitation and Assistive Technologies Market, By Product Type
Rehabilitation robotics and assistive technologies allow for use of robotic devices for rehabilitation of patients suffering from mobility issues. Robotic rehabilitation and assistive technologies allow for application of robotics in therapeutic procedures to help with recovery a person from various diseases or disabilities such orthopedic traumas, neuromotor disorders, cognitive diseases, strokes and spinal cord injury. Assistive robotics allows people suffering from degenerative motor and/or cognitive abilities to lead an independent
Spectrophotometer Market : Moving Towards a Brighter Future
North America is expected to hold dominant position in the market and is also expected to show significant growth in the spectrometer market, due to increasing launch of novel products in the region by key players. For instance, in February 2018, Thermo Fisher Scientific, a U.S.-based company, launched TSQ 9000 Triple Quadrupole GC-MS/MS System. This system has been designed to increase productivity, with enhanced sensitivity, and it also reduces maintenance
Clinical Mass Spectrometry: Innovative Solution for Diverse Medical Applications
Clinical Mass Spectrometry: Innovative Solution for Diverse Medical Applications Clinical mass spectrometry serves as a quantitative and qualitative analytical tool for assessment of complex mixtures in all the phases of drug development, including identification of the lead compound and their conformational details. Clinical laboratories use automation for the management of large number of samples through, either total automation systems or high level analyzer automation that are offered by clinical mass spectrometers
More Releases for Pharmacy
Why are e-pharmacies gaining popularity from the past few years? The reason behind it is nothing but the convenience of online ordering and other add-on services provided by the e-pharmacy players. The market potential for this business is increasing year by year. The global e-Pharmacy market is estimated to grow with a CAGR of 17.7% to reach an estimation of US $128 Billion by the year 2023. E-Pharmacy platform can offer
Global Pharmacy Repackaging System Market
Research Trades recently introduced new title on “Global Pharmacy Repackaging System Market Research Report” offers a comprehensive and detailed insight into the current and future industry developmental trends, key market dynamics, regulatory framework in different countries, market challenges, winning strategies, and detailed market segmentation & forecast of major manufacturers and vendors. Request Sample Copy of Report @ https://www.researchtrades.com/request-sample/1677882 In 2019, the market size of Pharmacy Repackaging System is million
Global E-Pharmacy Market Size, Global E-Pharmacy Market Share, Global E-Pharmacy …
According to a new research published by Polaris Market Research the Global E-Pharmacy Market is anticipated to reach more than USD 129 billion by 2026. Request for Sample of This Research Report @ https://bit.ly/2xlqfsp Top Key Players: - Optum Rx, Inc Merck Thermo Fisher Scientific, Giant Eagle, Inc Rowland Pharmacy. Make an inquiry before buying this report @ https://www.polarismarketresearch.com/industry-analysis/e-pharma-market/inquire-before-buying According to a new research published by Polaris Market Research the Global E-Pharmacy Market is anticipated to reach more
India Online Pharmacy Market 2024
“India E Pharmacy Market Opportunity Outlook 2024” Report Highlights: * Overview of Internet Usage and E - Commerce in India * Vital Aspects of the Indian E - Pharmacy Industry * Telemedicine and E - Pharmacy * Opportunities in the Indian E - Pharmacy Market: US$ 3 Billion * Types of E - Pharmacy Business Models * E - Pharmacy Supply Chain Overview * Consumer Behavior Analysis and E - Pharmacy Market Potential Download Report Sample Weblink:
Pharmacy Retailing in the UK
Summary The UK pharmacy market has continued its recovery in 2014, increasing its estimated value by 2.1%, the fastest rate of growth since 2010. This has been driven by the OTC market, which grew nearly 4%, outperforming the larger NHS receipts component. The OTC market has been lifted by improvements in consumer confidence, with people more willing to spend on self-care, health and wellbeing. Request Sample Report: http://www.reportbazzar.com/request-sample/?pid=438316&ptitle=Pharmacy+Retailing+in+the+UK&req=Sample Key Findings – Understand the impact
Nature is a pharmacy
Medicinal mushrooms protect and strengthen the liver More and more people complain about a loss of vitality, exhaustion and lethargy. Most people think about stress or a burnout syndrome. But the reason for the persistent lack of energy and the exhaustion is very often a weak liver. It is estimated that about 80 percent of the world’s population is affected by a weak liver and the related health impairment. Therefore,