Pharmacy Automation Market 2017: Global Industry Future Analysis, Demand, and Latest Research 2024

The Pharmacy Automation Market accounted to USD 3.25 billion in 2016 growing at a CAGR of 8.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Pharmacy Automation Market

Pharmacy automation is an automated mechanical process of handling and distributing medications which helps to manage and track inventory, dispense medications accurately and efficiently resulting into additional time for clinical intervention. These automated systems are widely used in hospitals, clinics, and pharmacies.

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Major market drivers and restraints:

• Rising adoption and growing need to minimize medication errors
• Decentralization of pharmacies
• Rising labor cost
• High costs to adopt pharmacy automation systems

Market Segmentation: Global Pharmacy Automation Market

By Product, the market for pharmacy automation market is segmented into automated medication dispensing systems, automated packaging and labeling systems, automated table-top counters, and automated storage and retrieval systems. The automated medication dispensing systems segment is further sub-segmented into robots, carousels, automated unit-dose pharmacy-based, ward-based. The automated packaging and labeling systems are further sub-segmented into unit-dose and multi-dose.

By application, the pharmacy automation market is segmented into drug dispensing & packaging, drug storage, and inventory tracking.

On the basis of end-users, the pharmacy automation market is segmented into inpatient pharmacies, outpatient pharmacies, retail pharmacies, and pharmacy benefit management organizations and mail-order pharmacies.

On the basis of geography, pharmacy automation market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis: Global Pharmacy Automation Market

The pharmacy automation market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmacy automation market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors: Global Pharmacy Automation Market

Some of the major players operating in pharmacy automation market are Omnicell, Inc., Becton, Dickinson and Company, Baxter, Cerner Corporation, KUKA Aktiengesellschaft, Capsa Healthcare, Parata Systems LLC, ScriptPro LLC, Talyst, LLC, ARxIUM, TCGRx, RxSafe, LLC, Swisslog, McKesson Corporation, AMERISOURCEBERGEN CORPORATION, Health Robotics S.r.l., Yuyama Co., Ltd, ForHealth Technologies, Fulcrum Inc, GSE Scale Systems, Pearson Medical Technologies LLC, Innovation PharmaAssist Robotics, Medacist Solutions Group, LLC, and TOUCHPOINT MEDICAL, among others.

Research Methodology: Global Pharmacy Automation Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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