A new market study, titled “PHARMACY AUTOMATION MARKET – FORECASTS FROM 2017 TO 2022”, has been featured on WiseGuyReports.
Pharmacy automation involves the mechanical process of handling and distributing medication in order to eliminate medication errors due to human error in handling the drugs. Pharmacy automation systems are used for inpatient and outpatient pharmacies to automate the routine task of a pharmacist. These systems also help in measuring and compounding medications, tracking and updating patient information in databases, and inventory management.
Factors such as growing global aging population and increasing number of chronic disease patients are driving the global pharmacy automation market. Growing need for improvement in accuracy and productivity while lowering operational costs is also augmenting the demand for pharmacy automation systems. Moreover, rising awareness among consumers regarding drugs and oral solutions require pharmaceutical companies to provide all medications with clear labels is further contributing to this market growth. Increasing cases of counterfeiting drugs is further spurring the demand for pharmacy automation system to avoid human errors while preparing drug labels. However, high implementation and installation costs of these systems with limited budgets are restraining the growth of global pharmacy automation market over the forecast period.
The market is witnessing an upward trend in the Asia Pacific region owing to rising healthcare expenditure and improving healthcare infrastructure in emerging economies of India and China. Favorable government policies such as FDI (Foreign Direct Investment), free trade agreements and various benefits for the new entrant are further propelling the regional market growth. This region is also expected to display better growth opportunities in the future, primarily because of increasing awareness supported by the faster adoption of technology.
Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of pharmacy automation systems. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Pharmacy automation system Market has been segmented on the basis of application, end user and geography as follows:
Automated Medication Dispensing System
Automated packaging Labelling System
Automatic storage and retrieval System
Robotic Dispensing system
Europe Middle East and Africa
Middle East and Africa
Finally, competitive intelligence section deals with major players in the market, their growth strategies, market shares, products, financials, and recent investments among others. Key industry players profiled as part of this section are Omnicell, Swisslog Holding, Talyst, ScriptPro, AmerisourceBergen, Kirby Lester, Parata System, and McKesson Corporation.
Table of Content
- Research Methodology
- Executive Summary
- Market Dynamics
- Pharmacy Automation System Market Forecast by Application (US$ billion)
- Pharmacy Automation System Market Forecast by End User (US$ billion)
- Pharmacy Automation System Market Forecast by Geography (US$ billion)
- Competitive Intelligence
- Company Profiles
9.2. Swisslog Holding
9.6. Kirby Lester
9.7. Parata System
9.8. McKesson Corporation
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