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)
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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:
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