Pharmacy automation is a process where handling and distribution of medications takes place in hospital pharmacy or at retail pharmacy by means of automation. Pharmacy automation includes any pharmacy task that involves counting of small objects such as tablets or capsules, measuring and mixing of powders and liquids for compounding, tracking and updating customer information in databases such as personally identifiable information (PPI), drug interaction risk detection, medical history and inventory management.
Market Dynamics
Increasing need to reduce medication errors and development of automated systems with improved features is a major factor driving pharmacy automation market growth. According to the National Coordinating Council for Medication Error Reporting and Prevention (NCC MERP), approximately 0.1 million approximately people die annually from medical errors that occur in hospitals.
Similarly, according to the Institute of Medicine survey in 2014, due to medication errors 1 out of 131 outpatient and 1 out of 854 inpatient deaths each year’s globally. Furthermore, according World Health Organization (WHO) studies in 2016, in United Kingdom, 12% of primary care patient affected by monitoring or prescribing error of medicine over the course of a year and its increases to 31% in older patient who is 75 year and older who is receiving more than 5 drug during 12 months period.
Moreover, error of injectable products primary concern is the risk of infectious disease transmission. According to WHO in 2008 unsafe medical injections led to 340,000 human immunodeficiency virus (HIV) infections, three million cases of bacteremia and 15 million hepatitis B infections.
Key features of the study:
- This report provides in-depth analysis of the pharmacy automation market and provides market size (US$ million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global Pharmacy Automation Market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
- Key companies covered as a part of this study include, Becton, Dickinson and Company, McKesson Corporation, Yuyama Co., Ltd., Omnicell, Inc., ScriptPro LLC, Cerner Corporation, Capsa Healthcare, Baxter International, Inc., KUKA AG, TCGRx Pharmacy Workflow Solutions, RxSafe, LLC, ARxIUM Inc. Swisslog Holdings AG and Talyst systems LLC.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The global pharmacy automation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the pharmacy automation market
Detailed Segmentation:
- Global Pharmacy Automation Market, By Product Type:
- Automated Medication Dispensing Systems
- Automated Storage & Retrieval Systems
- Automated Packaging & Labeling Systems
- Tabletop Tablet Counters
- Automated Compounding Devices
- Global Pharmacy Automation Market, By End User:
- Retail Pharmacy
- Hospital Pharmacy
- Global Pharmacy Automation Market, By Geography:
- North America
- By Product Type:
- Automated Medication Dispensing Systems
- Automated Storage & Retrieval Systems
- Automated Packaging & Labeling Systems
- Tabletop Tablet Counters
- Automated Compounding Devices
- By End User:
- Retail Pharmacy
- Hospital Pharmacy
- By Country:
- Latin America
- By Product Type:
- Automated Medication Dispensing Systems
- Automated Storage & Retrieval Systems
- Automated Packaging & Labeling Systems
- Tabletop Tablet Counters
- Automated Compounding Devices
- By End User:
- Retail Pharmacy
- Hospital Pharmacy
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Product Type:
- Automated Medication Dispensing Systems
- Automated Storage & Retrieval Systems
- Automated Packaging & Labeling Systems
- Tabletop Tablet Counters
- Automated Compounding Devices
- By End User:
- Retail Pharmacy
- Hospital Pharmacy
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Product Type:
- Automated Medication Dispensing Systems
- Automated Storage & Retrieval Systems
- Automated Packaging & Labeling Systems
- Tabletop Tablet Counters
- Automated Compounding Devices
- By End User:
- Retail Pharmacy
- Hospital Pharmacy
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Product Type:
- Automated Medication Dispensing Systems
- Automated Storage & Retrieval Systems
- Automated Packaging & Labeling Systems
- Tabletop Tablet Counters
- Automated Compounding Devices
- By End User:
- Retail Pharmacy
- Hospital Pharmacy
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Product Type:
- Automated Medication Dispensing Systems
- Automated Storage & Retrieval Systems
- Automated Packaging & Labeling Systems
- Tabletop Tablet Counters
- Automated Compounding Devices
- By End User:
- Retail Pharmacy
- Hospital Pharmacy
- By Country:
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Becton *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Highlights
- Market Strategies
- McKesson Corporation.
- Yuyama Co., Ltd.
- Dickinson and Company.
- Omnicell, Inc.
- ScriptPro LLC
- Cerner Corporation
- Capsa Healthcare
- Parata Systems LLC
- Baxter International, Inc.
- KUKA AG
- TCGRx Pharmacy Workflow Solutions
- RxSafe, LLC
- ARxIUM Inc.
- Swisslog Holdings AG.
- Talyst systems LLC.
- Teleflex Incorporated
“*” marked represents similar segmentation in other categories in the respective section.
Infographics - Pharmacy Automation Market
