Pharmacy
automation involves automation and mechanization of tasks that include
distribution and handling medication processes carried out in heath care
centers and specialty pharmacy centers. The global pharmacy automation devices
industry is projected to grow at a CAGR of 7.3% from 2014 to 2020 and
reach over USD 8.99 billion.
Automation
systems such as packaging and labeling systems, medication dispensing system,
storage and retrieval systems, table-top counters and compounding systems are
employed in order improve the efficacy of regular jobs within pharmacies. The
market is expected to grow owing to features including system integration that
increases productivity and time to clinicians for patient care, thereby
lowering medication errors.
Rising
demand for pharmaceutical products, progressively growing technology and demand
for precise robotic equipment & tools to perform operations at a faster
rate are expected to be the key factors for market growth. Untapped growth
opportunities in countries such as Brazil, China, and India coupled with
escalating demand for automation in pharmacy and healthcare operations is
expected to drive growth over the forecast period.
The market
was dominated by automated medication dispensing systems in 2013. It accounted
for a share of over 47.8% owing to growing demand for accurate medication
dispensing systems. Automated dispensing systems have the ability to reduce significantly
error rates and the ability to dispense hands-free. They provide storage,
recording of medication, distribution to resident care and computer controlled
dispensation.
To request a
sample copy or view summary of this report, click the link below:
Further key findings from the study suggest:
- Automated compounding systems are anticipated to grow rapidly at a CAGR of 8.4% from 2014 to 2020 owing to an increasing demand for mixing of medication and substantial decrease in total time to complete a dose.
- The existence of IT healthcare systems and high rate of penetration in healthcare and pharmaceutical units resulted in North America occupying the largest regional market in 2013. It accounted for about 54.8% of the market revenue. Increasing healthcare overheads and R&D relevant to pharmacy automation devices are few factors responsible for its market share.
- Asia Pacific is likely to grow at a CAGR of over 9.0% during the forecast period and is the most lucrative regional markets majorly due to improving healthcare infrastructure in emerging economies of China and India. Easy access available to new entrants including multinational pharmaceutical companies and distributors in this region coupled with the introduction of healthcare reforms in these countries is expected to drive market growth.
- Key industry players include AmerisourceBergen Corporation, CareFusion Corporation, Accu-Chart Healthcare, ForHealth Technologies, GSE Scale Systems, Fulcrum Inc,McKesson Corporation, Innovation PharmaAssist Robotics, Pearson Medical Technologies, Health Robotics SRL, Kirby Lester, MedDispence, Pyxis Pharmacy Automation Systems, Medacist, MTS Medication Technologies, OmnicellInc, Cerner Corporation, Rice Lake Weighing Systems, Baxter International Inc., Aesynt Inc., ScriptPro LLC, Parat Systems Pharmacy Automation, Yuyama Co. Ltd, Swisslog Holding Ltd,Talyst Inc. and ScriptPro LLC.
See More
Reports of This Category:
About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
No comments:
Post a Comment