Pharmacy Automation Systems Market Analysis, Growth Opportunities and Forecast to 2025

Pharmacy Automation Systems Market Analysis, Growth Opportunities and Forecast to 2025 “The high demand and requirements for safety, accuracy, industry standards, coupled with competency in the pharmaceutical industry by manufacturers, healthcare professionals, regulatory authorities, and consumers is expected to play a significant role in growth of Pharmacy automation systems market.�

The increasing demand for productivity, system integration, cost reduction, and increasing efficiency of work is expected to drive the Pharmacy automation systems market growth. Reducing medication errors, within the pharmacies thereby providing additional time to pharmacists for patient care is attributed as the major driving factor for the market growth over the forecast period.

Pharmacy automation system is a mechanical system that executes tasks without human interference in healthcare industry. Pharmacy automation system improves the efficiency of resource utilization and medication distribution by integrating different departments such as nursing, laboratory, medication records and imaging. These systems provide efficient care to the patients by preventing medical errors and adverse drug events by checking the correct dosage. Pharmacy automation is evolving as a sophisticated technology, and pharmacists need to be educated and trained in order to effectively monitor these automated systems.

The high demand and requirements for safety, accuracy, industry standards, coupled with competency in the pharmaceutical industry by manufacturers, healthcare professionals, regulatory authorities, and consumers is expected to play a significant role in growth of Pharmacy automation systems market. Increase in life expectancy, ageing population, and a significant paradigm shift from centralized to decentralized pharmacies. Moreover the need for reducing medication errors, by increasing the efficiency of work within the organization, thereby improving productivity, are attributed as the major reasons to encourage the development of the pharmacy automation market.

Browse Full Research Report @ https://www.millioninsights.com/industry-reports/pharmacy-automation-systems-market

Pharmaceutical industry is expected to grow at a robust rate due the progression of better healthcare facilities and technologies. Proper administration of medicine should be carried out in order to measure its success rates. These systems are expected drive medication management, by providing right medication dose to the patient at appropriate time. This factor is expected to be a major challenge of healthcare management and can be overcome by adopting pharmacy automation systems.

New opportunities in various applications is expected to continue to exist from private, small, and family owned pharmacies to large services such as hospital and mail-order facilities. In emerging economies many small, private pharmacies are still conducting operations and surgeries through manual and semi-manual methods. The opportunity to fully automate these pharmacies with increasing bar coding standards is expected to boost the market growth in such regions at a rapid rate.

Technological advancements and innovations owing to increased investment of many pharma companies in research and development can be attributed to growth in automation systems. Technology is expected to transform the traditional style of working to more sophisticated environment through which the automation systems can act effectively and efficiently in particular procedures which require repetition high concentration and complex procedures such as record keeping thereby saving both cost and time. Stringent regulatory norms, high cost of installation, restricted budget of healthcare establishments, increasing drug prices and lack of awareness of the benefits of the automation systems in emerging economies are the major factors hampering the growth of pharmacy automation.

Request Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/pharmacy-automation-systems-market/request-sample

Based on types of technology the Pharmacy automation system market can be segmented into table top counters, automated packaging, dispensing, labeling systems and medication compounding. The automated medication dispensing system is expected to be the largest market segment owing to the increasing demand for timely and automated dispensing of medicine to patients. This system provides computer monitored storage, tracking, recording of medical work, and dispensation more efficiently. These dispensing system can work on several patients at a single time simultaneously thereby allowing the medical practitioner to provide the medicines accurately.

Based on end user segment the Pharmacy automation system market can be classified into outpatient, inpatient, retail and other pharmaceutical organizations. In-patient pharmacy automation market has been classified into long term care and acute care setting. Outpatient market is further classified into hospital pharmacies and fast track health centers. In patient segment is expected to have the largest market share owing to longer stay in the hospital and the requirement of healthcare monitoring and facilities.

North American is expected to be the largest market of the global pharmacy automation systems market on account of increasing demand for innovative products, presence of R& innovations and penetration of advance IT

systems couples with reduction of medical errors and high healthcare regulations. Europe and Asia-Pacific are expected to witness higher growth rate over the forecast period owing to rise in population, increasing awareness of benefits in automation systems, need for enhanced and efficient healthcare facilities, risk free procedures and surgeries. In Asian countries including china and India, the aging population and increase in need for technologically innovative products by the healthcare facilities are expected to steer the market in this region.

The key players in the Pharmacy automation systems market are McKesson Corporation, Care Fusion Corp., AmerisourceBergen Corporation, TalystInc. Other industry participants include Kirby Lester, ScriptPro LLC, OmnicellInc, and Baxter International Inc. The global is expected to be highly competitive comprising of numerous market players and continuous innovations and developments of new products.

See More Reports of This Category by Million Insights @ https://www.millioninsights.com/industry/healthcare-it

Market Segment: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Pharmacy Automation Systems in these regions, from 2013 to 2025 (forecast), covering • North America • Europe • China • Japan • Southeast Asia • India Global Pharmacy Automation Systems market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including • Capsa Healthcare • Cerner Corporation • Baxter International

• ScriptPro • ARxIUM Inc. • Parata Systems • Talyst Systems • KUKA • TCGRx Pharmacy Workflow Solutions • RxSafe • Becton Dickinson and Company On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into • Automated Medication Dispensing Systems • Automated Packaging And Labelling Systems • Automated Table Top Counters • Automated Medication Compounding Systems • Automated Storage And Retrieval Systems On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including • Inpatient Pharmacies • Outpatient Pharmacies • Pharmacy Benefit Management Organization And Mail Order Pharmacies • Retail Pharmacies Browse Full Research Report @ https://www.millioninsights.com/industry-reports/pharmacy-automation-systems-market

Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction.

Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com

Global Headquarters

Asia Pacific

Million Insights

Million Insights

Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India

Phone: 1-408-610-2300 Email: sales@millioninsights.com

Visit Our Blog: www.millioninsights.blogspot.com

Phone: 91-20-65300184 Email: sales@millioninsights.com