Global Pharmacy Automation Market By Product (Automated Medication Dispensing Systems, Automated Packaging and Labeling Systems, Automated Storage and Retrieval Systems, Automated Table-Top Counters), End-User (Retail Pharmacies, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations and Mail-Order Pharmacies), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2025
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Segmentation: Global Pharmacy Automation Market
Global Pharmacy Automation Market By Product (Automated Medication Dispensing Systems, Automated Packaging and Labeling Systems, Automated Storage and Retrieval Systems, Automated Table-Top Counters), End-User (Retail Pharmacies, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations and Mail-Order Pharmacies), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Drivers: Global Pharmacy Automation Market
The major factors contributing to the growth of the market includes factors such as increased need of minimizing medication errors and introduction of decentralization of pharmacies
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ADVENT OF DECENTRALIZATION OF PHARMACIES
Decentralization pharmacies are based on practice models where pharmacist is responsible for both clinical and distribution services. Decentralized pharmacies have advantages over other methods such as increased patient safety, increased efficiency in patient care, cost-effectiveness, and increased job satisfaction for both pharmacists and other health care members.
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According to an article published by NCBI, in 2015 more than 44.0%–46.0%of hospitals in Canada have preferred decentralized pharmacies while only 7.0% have used centralized pharmacy practice model.
Major Players: Global Pharmacy Automation Market
Some of the major players operating in this market are BD., Cerner Corporation, AmerisourceBergen Corporation, Kuka Aktiengesellschaft, Omnicell, Inc., Capsa Healthcare, RxSafe, LLC, ARxIUM, Talyst, LLC., among others.
The major factors contributing to the growth of the market includes factors such increased need of minimizing medication errors and introduction of decentralization of pharmacies
Market Segmentation: Global Pharmacy Automation Market
• The global pharmacy automation market is segmented based on offering into two notable segments hardware and software. In 2018, hardware is expected to dominate the pharmacy automation market with 66.9% market share growing at the highest CAGR in the forecast period 2018 to 2025.
On the basis of product, global pharmacy automation market is segmented into four notable segments:
• Automated medication dispensing systems automated,
• Automated packaging and labelling systems,
• Automated table-top counters,
• Automated storage and retrieval systems.
• Automated medication dispensing systems is sub segmented into centralized and decentralized. Centralized is further segmented into robots/robotic automated dispensing systems and carousels.
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