Pharmacy Automation Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Pharmacy Automation Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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 (2022-2028), considering 2021 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:
U.S.
Canada
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.