Report Sellers has added a new market research report “South America Pharmacy Automation Market – Forecasts From 2017 to 2022” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
According to the report, South America Pharmacy Automation Market is projected to grow at a CAGR of 9.17% during the forecast period to reach a total market size of US$0.368 billion in 2022 from US$0.218 billion in 2016. This growth is majorly attributable to established market players capturing untapped markets in order to expand their footprints across the globe. Increasing adoption of e-health and growing telemedicine network is further fuelling the demand for pharmacy automation in this region.
In Brazil, there is no need for legal compliance to be followed by millions of prescriptions, leading to a high growth of retail pharmacy automation market in the region at a CAGR of 9.90% during the forecast period. Moreover, growing population base preferring self-medication and over-the-counter products coupled with rising cases of counterfeit drugs is bolstering the growth of automated pharmacy packaging and labeling system market in South America Key industry players in the market section are Omnicell, Cerner Corporation, McKesson, TCGRx, and Swisslog Holdings.
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South America Pharmacy Automation market has been segmented by application automated medication dispensing system, automated packaging and labeling system, automatic storage and retrieval system, robotic dispensing system, IV pharmacy, and others. The market has also been segmented by the end user as hospital pharmacy and retail pharmacy. Geographically, the market has been segmented as the Brazil, Argentina, Chile, and others.
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