Pharmacy Automation Market Size,Share 2021 Global Opportunities, Trends, Regional Overview, Global Growth, Leading Company Analysis, And Key Country Forecast to 2023

Posted on Nov 18 2021 7:18 AM

"The Pharmacy Automation Market is segmented by type, application and region. The research covers the current and historic Pharmacy Automation market size and its growth trend with company outline of Key players. "

Global Pharmacy Automation Market provides deep Information by vendors, including company overview, company total revenue (financials), market potential, global presence, Pharmacy Automation sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. this study provides the Pharmacy Automation sales, revenue and market share for each player covered in this report. Pharmacy Automation market is split by Type and by Application. The growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

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Pharmacy Automation Market report features basic market situations, Product limit, consumption volume, and limit applications. Moreover, the report illuminates the SWOT analysis that should be done by the customers so as to know the Strength, Weaknesses, Opportunities, and Threats of the Pharmacy Automation industry. It likewise centers around venture practicability investigation, speculation return analysis and different ways to deal with the addition a considerable position in the Pharmacy Automation Market.The Pharmacy Automation Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments.

The report focuses on regional development status, which includes the market size, share, and volume. The Pharmacy Automation Market report presents some of the key data, which would help the stakeholders in the industry besides the analysts and business decision makers. Production, consumption, cost, gross margin, revenue, market share and factors influencing market and CAGR has found its place in the report.

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The Global Pharmacy Automation Market is expected to register a CAGR of nearly 8% during 2018-2023 (the forecast period). Pharmacy Automation includes Centralized or Decentralized automated dispensing, packing, labeling and other systems that help to reduce dispensing errors and improve workflow efficiency of hospital nursing staff and pharmacies.

Rising Geriatric Population

As per the data from World Population Prospects: the 2017 Revision, the number of older people, those aged 60 years or over, is expected to increase more than double by the year 2050 and to become more than triple by 2100, rising from 962 million globally in 2017 to 2.1 billion in 2050 and 3.1 billion in 2100. Globally, the population aged 60 or over is growing faster than all the younger age groups. The population who are aged 60 or above is growing at a rate of approximately 3% per year. Currently, Europe has the greatest percentage of the population aged 60 or over (nearly 25% of the overall geriatric population). And the rapid aging will occur in other parts of the world as well, by 2050, all regions of the world except Africa will have nearly a quarter or more of their populations at ages 60 and above. The global increase in the number of geriatrics will lead to greater incidences of chronic and life-threatening diseases and high volume of dispensing medications. To serve the increasing demand hospitals and pharmacies are adopting new pharmacy automation technologies to reduce their operating costs and improve patient safety. All the above factors are expected to contribute to the growth of Pharmacy Automation market in the forecast period. Other factors which are driving the Pharmacy Automation Market growth are growing need to minimize medication errors and decentralization of pharmacies.

Reluctance to Adopt Pharmacy Automation Systems

Hospitals and pharmacy chains have a huge upfront investment cost compared to the traditional manual dispensing systems. In developing countries, there is reluctance and adoption of pharmacy automation systems such as drug dispensing, packaging and labeling systems as it is not among their top priority. Pharmacy Automation devices such as simple tabletop counting devices can cost up to USD 15,000.00, and some devices that have automated workflow modules, with builtâ€in scan†verification software and based on the functionality they cost from USD 8,000.00 to USD100,000.00. The above factors may hinder the growth of Pharmacy Automation market in the forecast period

The US Lead the Market in the North America Region

As per Johns Hopkins study, every year more than 250,000 people die in the United States due to medication error and is one of the leading cause of death in the US. Most medication errors occur during prescribing and dispensing. In the United States, the use of automated medication dispensing systems and cabinets is increasing as it reduced dispensing errors, improved inventory stock management, drug traceability and dispensing speed.

Key Developments in the Pharmacy Automation Market

Mar 2018: Centrus Health and Cerner collaborated to deliver value-based and innovative population healthcare in Kansas City.

Major Players: ARXIUM, INC., BAXTER INTERNATIONAL INC., BECTON, DICKINSON, AND COMPANY, CAPSA HEALTHCARE, CERNER CORPORATION, KUKA AKTIENGESELLSCHAFT, OMNICELL, INC., PARATA SYSTEMS LLC, RXSAFE, LLC, and SCRIPTPRO LLC, among others.

Reasons to Purchase the Pharmacy Automation Market Report

Current and future Global Pharmacy Automation Market outlook in the developed and emerging markets
Analysis of various perspectives of the market with the help of Porter’s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Pharmacy Automation Market Report

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Covered in this report

The Report Covers the Present Scenario and the Growth Prospects of the Global Pharmacy Automation Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Pharmacy Automation.

Regional Market Analysis:

The Pharmacy Automation Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Global Pharmacy Automation Market 2021-2023, 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.

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Market Trend

  • Growing research activities coupled with new product launches.
  • For a full, detailed list, view our report

Market Driver

  • High Opportunity in the Industry
  • For a full, detailed list, view our report

Market Challenge

  • Complications associated with Pharmacy Automation procedures.
  • For a full, detailed list, view our report

Some Major Points from Toc :-

1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.1 Australia
6.1.2 Bolivia
6.1.3 Brazil
6.1.4 Democratic Republic of Congo
6.1.5 Indonesia
6.1.6 Malaysia
6.1.7 Myanmar
6.1.8 Peru
6.1.9 Russia
6.1.10 Thailand
6.1.11 Vietnam
6.1.12 Others
6.2 Consumption Analysis (Market Size, Growth and Forecast)
6.2.1 Asia-Pacific
6.2.1.1 India
6.2.1.2 China
6.2.1.3 Japan
6.2.1.4 South Korea
6.2.1.5 Rest of Asia-Pacific
6.2.2 North America
6.2.2.1 United States
6.2.2.2 Canada
6.2.2.3 Mexico
6.2.2.4 Rest of North America
6.2.3 Europe
6.2.3.1 Germany
6.2.3.2 United Kingdom
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Austria
6.2.3.6 Rest of Europe
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Rest of South America
6.2.5 Middle East & Africa
6.2.5.1 UAE
6.2.5.2 South Africa
6.2.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
10. Disclaimer

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