Global Central Fill Pharmacy Automation Market, by Product Type (Automated Medication Dispensing System, Integrated Workflow Automation Systems, Automated Packaging and Labeling Systems, Automated Table Top Counters, Automated Medication Compounding Systems, Automated Storage and Retrieval Systems, Others (fully-automatic vial-filling machine, etc.)), by Application (Inpatient Pharmacy, Outpatient Pharmacy, Retail Pharmacy), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 416.06 Million in 2022, and is expected to exhibit a CAGR of 12.2% during the forecast period (2022-2030).
Market players are focused on adopting growth strategies such as agreements, acquisitions, etc., which is expected to boost growth of the global central fill pharmacy automation market over forecast period. For instance, in February 2022, Capsa Healthcare, a leader in developing and delivering innovative products, announced the acquisition of Humanscale Healthcare, a designer and manufacturer of flexible technology solutions and computing workstations. The addition of Humanscale Healthcare’s TouchPoint Mobile Technology Carts, MedLink Medication Management, and ViewPoint Wall Stations are in full complement to Capsa’s benchmark line of point-of-care solutions.
Market players are involved in product launches or approvals, which is expected to drive growth of the market over the forecast period. For instance, in July 2021, Cardinal Health, an American multinational health care services company, launched two new solutions, NavixRx Compliance Packaging and E-commerce, to help independent pharmacies meet changing consumer expectations and offer personalized and convenient on-demand services.
Global Central Fill Pharmacy Automation Market - Impact of Coronavirus (COVID – 19) Pandemic
The COVID-19 pandemic has affected several markets across the globe. The COVID-19 pandemic has affected the demand and supply of healthcare products in three main ways; by directly affecting the production and demand; by creating disruptions in distribution channels; and impacting firms and markets financially.
The impact of COVID-19 on the global central fill pharmacy automation market was positive, owing to increasing advantages of distributing COVID-19 vaccines. For instance, the pharmacy management system helps to record and bill immunizations. Moreover, ScriptPro, a company that offers pharmacies strong robotics, software, and financial capabilities via the web as an extension of its pharmacy management platforms, soon shifted to introduce clinical programs and protocols for outpatient COVID-19 patient case management.
Browse 21 Market Data Tables and 52 Figures spread through 163 Pages and in-depth TOC on Global Central Fill Pharmacy Automation Market , by Product Type (Automated Medication Dispensing System, Integrated Workflow Automation Systems, Automated Packaging and Labeling Systems, Automated Table Top Counters, Automated Medication Compounding Systems, Automated Storage and Retrieval Systems, Others (fully-automatic vial-filling machine, etc.)), by Application (Inpatient Pharmacy, Outpatient Pharmacy, Retail Pharmacy), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Key Takeaways of the Global Central Fill Pharmacy Automation Market:
- Global central fill pharmacy automation market is expected to exhibit a CAGR of 12.2% over the forecast period (2022-2030). North America is expected to account for major market share over the forecast period (2022-2030), owing to increasing agreements by market players. For instance, in December 2021, Omnicell, an American multinational healthcare technology company, announced that it entered into a definitive agreement with ReCept Holdings, Inc., a provider of specialty pharmacy management services for health systems, clinics, and physician groups.
- Some of the major players operating in the global central fill pharmacy automation market include Omnicell, ARxIUM, ScriptPro, Cardinal Health, Parata Systems, RxSafe, LLC, Tension Packaging & Automation, McKesson Corporation, Cornerstone Automation Systems, LLC, Quality Manufacturing Systems, Inc., Noritsu, Capsa Healthcare, Yuyama USA, and Catalyst Healthcare Ltd.
