Pharmacy Automation Market to Surpass US$ 7,243.1 Million by 2026

Published On : Feb 25, 2019

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), by End User (Retail Pharmacy, and Hospital Pharmacy), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 3,601.4 million in 2017, and is projected to exhibit a CAGR of 8.1% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights.

Launch of novel pharmacy automation systems by market players to augment the market growth

Key players in the market are focused on launching novel pharmacy automations system in order to reduce medication error that can occur while compounding, dispensing, labeling of medication. For instance, in 2018 Becton, Dickinson and Company with collaboration with Helmer Scientific, a leading provider of integrated solutions to safeguard temperature-sensitive medication launched BD Pyxis, a first fully integrated refrigerated automated dispensing solution.

Similarly, in August, 2017, For instance, in December, 2014, CareFusion, a subsidiary of Becton Dickinson launched new innovations to expand the capabilities of its enterprise-wide medication management solutions for use in hospitals and outpatient settings.

Browse 26 Market Data Tables and 28 Figures spread through 176 Pages and in-depth TOC on ‘Pharmacy Automation Market’- Global Forecast to 2026, 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, and Hospital Pharmacy), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

 To know the latest trends and insights prevalent in the Pharmacy Automation market, click the link below:

https://www.coherentmarketinsights.com/market-insight/pharmacy-automation-market-472

Key players in the market are focused on adopting strategies such as mergers and acquisitions to enhance their product portfolio. For instance, in December, 2018, TCGRx, a Pharmacy packaging and automation provider acquired Parata Systems, a leaders in medication adherence packaging and high speed automated robotic dispensing technologies.

Key Takeaways of the Pharmacy Automation Market:

  • The global pharmacy automation market is expected to exhibit a CAGR of 8.1% over the forecast period, owing to the increase in need to reduce medication errors and development of automated systems with improved features
  • Among product type, the automated medication dispensing systems segment held a dominant position in the pharmacy automation market in 2018, owing to higher adoption of pharmacy automations in hospital pharmacy and retail pharmacy.
  • Key players operating in the global pharmacy automation market 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

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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