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At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Pharmacy Automation Market. We are working diligently
to help companies take rapid decisions by studying:
• The impact of COVID-19 on the Pharmacy Automation Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
• The rapid shifts in the strategies of the Top 50 companies in the Pharmacy Automation Market
• The shifting short-term priorities of the top 50 companies’ clients and their client's clients
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According to the new market research report "Pharmacy Automation Market by Product (Medication Dispensing System (Robot, Carousel), Packaging & Labeling System (Unit Dose, Multi Dose), Tabletop Counter, Storage System), End User (Inpatient, Outpatient, Retail Pharmacy) - Global Forecast to 2022", , published by MarketsandMarkets™, MarketsandMarkets forecasts the pharmacy automation market is estimated to grow from USD 3.63 billion in 2017 to USD 5.38 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period.
Browse in-depth TOC on “Pharmacy Automation Market”
181 – Tables
54 – Figures
218 – Pages
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The major factors that are expected to be driving the pharmacy automation market are the growing need to minimize medication errors, rapid decentralization of
pharmacies, rising geriatric population and rising labor cost. On the other hand, reluctance among the healthcare organizations to adopt pharmacy automation systems is expected to restrain the overall market growth to a certain extent during the forecast period. The objective of the report is to define, describe, and forecast the pharmacy automation market size based on product, end user, and region.
By product, the automated medication dispensing systems segment accounted for the largest share of the pharmacy automation market
Based on product, the pharmacy automation market is segmented into automated medication dispensing systems, automated packaging and labelling systems, automated table top counters, automated medication compounding systems, automated storage and retrieval systems, and other pharmacy automation systems. Automated medication dispensing systems accounted for the largest share of the pharmacy automation market in 2016.
By end user, the retail pharmacies segment to record the highest CAGR during the forecast period
On the basis of end users the market is classified into inpatient pharmacies, outpatient pharmacies, pharmacy benefit management organization and mail order pharmacies, and retail pharmacies. Retail pharmacies is the fastest growing end user segment in the pharmacy automation market during the forecast period. Growing need to minimize dispensing errors, rising number of retail pharmacies, and increasing workload on pharmacists are the factors driving the adoption of pharmacy automation systems in retail pharmacies
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North America accounts for the largest market size during the forecast period.
North America is expected to hold the largest market size in the pharmacy automation market during the forecast period, followed by the European region. The large share of the North American pharmacy automation market can largely be attributed to the increasing number of drug prescriptions at pharmacies resulting from growth in the aging population. Furthermore, growth in insurance coverage in the U.S. has increased the burden on the country’s healthcare system, which has highlighted the need for improving efficiency and management of work in North America and also the presence of a large number of pharmacy automation companies, such as include Becton, Dickinson, and Company (U.S.), Cerner Corporation (U.S.), Capsa Healthcare (U.S.), Parata Systems LLC (U.S), Baxter International, Inc. (U.S.), Omnicell, Inc. (U.S.), ScriptPro LLC (U.S.), and Talyst System LLC. (U.S.). in this region.
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Central Fill Pharmacy Automation Market Report by Data Bridge Market Research presents the conceptual study and strategic analysis on Central Fill Pharmacy Automation Industry which provides market scope, applications, a topographical presence that drive the Central Fill Pharmacy Automation market.
The Central Fill Pharmacy Automation Market report facilitates businesses to successfully make decisions about business strategies to achieve maximum return on investment (ROI).
Data Bridge Market Research analyses the market to account to USD 1,018.73 million by 2028 and is expected grow at a CAGR of 11.35% in the forecast period of 2021 to 2028.
Download Sample PDF Copy of the Central Fill Pharmacy Automation Market Report to understand the structure of the complete report- https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-central-fill-pharmacy-automation-market This Central Fill Pharmacy Automation Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
A large-scale Central Fill Pharmacy Automation Market report delivers a comprehensive analysis of the market structure along with estimations of the various segments and sub-segments of the market.
This study also analyzes the market status, future trends, revenue generation, market share, growth rate, opportunities and challenges, sales volume, market drivers, market restraints, risks, and entry barriers.
