A new market study, titled “Out-patient Pharmacy Automation Market in the US 2018-2022”, has been featured on WiseGuyReports.
About out-patient pharmacy automation in the US
Out-patient pharmacy automation systems are a series of automated computer-controlled workflow processes, that minimize errors during pharmacy processes such as packaging and dispensing. This technology is provided to patients that attend a clinic/hospital for treatment without being admitted to the facility, to ensure patient safety.
The analysts forecast the out-patient pharmacy automation market in the US to grow at a CAGR of 4.17% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the out-patient pharmacy automation market in the US. To calculate the market size, the report considers the revenue generated from the sales of automated medicated dispensing systems, automated packaging and labelling systems, table-top counters, automated compounding systems, and automated storage and retrieval systems.
Commenting on the report, research expert team said: “The Increasing adoption of automation in healthcare will be a key trend driving the growth of the market. To reduce the costs of staffing and allowing healthcare professionals to devote extensive attention for patient consultation and offer precise diagnosis, several pharmacies are implementing automation in healthcare. This technology improves the productivity and reduces the chances of human error.”
According to the report, the rising medication errors will drive the market growth. Some commonly occurring errors are prescribing the wrong medication, giving the wrong dosage, marketing defective or unsafe medications, and failing to see dangerous complications of harmful drugs. These errors can adversely impact the health of the patients, driving the need for automatic pill dispensing systems.
Further, the report states that the inability of small-scale and medium-scale hospital and clinic to fully adopt automated solutions will impact the market growth. Medium and small-scale hospitals and clinics handle limited volume of clients and cater to specific applications. These healthcare establishments cannot afford automated solutions due to the lack of space and budget.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
The report, out-patient pharmacy automation market in the US 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Baxter
- BD
- Capsa Healthcare
- Cerner
- Koninklijke Philips
- OMNICELL
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Market driver
- Rising medication errors
- For a full, detailed list, view our report
Market challenge
- Inability of small-scale and medium-scale hospital and clinic to fully adopt automated solutions
- For a full, detailed list, view our report
Market trend
- Increasing adoption of automation in healthcare
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Table of Content
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
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