Pharmacy automation involves automation and mechanization of tasks that
include distribution and handling medication processes carried out in heath
care centers and specialty pharmacy centers. The Global PharmacyAutomation Devices Industry is projected to grow at a CAGR of 7.3% from 2014 to 2020 and reach
over USD 8.99 billion.
Automation systems such as packaging and labeling systems, medication
dispensing system, storage and retrieval systems, table-top counters and
compounding systems are employed in order improve the efficacy of regular jobs
within pharmacies. The market is expected to grow owing to features including
system integration that increases productivity and time to clinicians for
patient care, thereby lowering medication errors.
Rising demand for pharmaceutical products, progressively growing
technology and demand for precise robotic equipment & tools to perform
operations at a faster rate are expected to be the key factors for market
growth. Untapped growth opportunities in countries such as Brazil, China, and
India coupled with escalating demand for automation in pharmacy and healthcare
operations is expected to drive growth over the forecast period.
The market was dominated by automated medication dispensing systems in
2013. It accounted for a share of over 47.8% owing to growing demand for
accurate medication dispensing systems. Automated dispensing systems have the
ability to reduce significantly error rates and the ability to dispense
hands-free. They provide storage, recording of medication, distribution to
resident care and computer controlled dispensation.
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Automated compounding systems are anticipated to grow rapidly at a CAGR
of 8.4% from 2014 to 2020 owing to an increasing demand for mixing of
medication and substantial decrease in total time to complete a dose.
The existence of IT healthcare systems and high rate of penetration in
healthcare and pharmaceutical units resulted in North America occupying the
largest regional market in 2013. It accounted for about 54.8% of the market
revenue. Increasing healthcare overheads and R&D relevant to pharmacy
automation devices are few factors responsible for its market share.
Asia Pacific is likely to grow at a CAGR of over 9.0% during the forecast
period and is the most lucrative regional markets majorly due to improving
healthcare infrastructure in emerging economies of China and India. Easy access
available to new entrants including multinational pharmaceutical companies and
distributors in this region coupled with the introduction of healthcare reforms
in these countries is expected to drive market growth.
Key industry players include AmerisourceBergen Corporation, CareFusion
Corporation, Accu-Chart Healthcare, ForHealth Technologies, GSE Scale Systems,
Fulcrum Inc,McKesson Corporation, Innovation PharmaAssist Robotics, Pearson
Medical Technologies, Health Robotics SRL, Kirby Lester, MedDispence, Pyxis
Pharmacy Automation Systems, Medacist, MTS Medication Technologies,
OmnicellInc, Cerner Corporation, Rice Lake Weighing Systems, Baxter
International Inc., Aesynt Inc., ScriptPro LLC, Parat Systems Pharmacy
Automation, Yuyama Co. Ltd, Swisslog Holding Ltd,Talyst Inc. and ScriptPro LLC.
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Grand View Research
has segmented the Global Pharmacy Automation Devices Market on the basis of
application, end-use and region:
Pharmacy Automation Devices Application Outlook
• Automated Medication Dispensing Systems
• Automated Packaging And Labeling Systems
• Automated Storage And Retrieval Systems
• Automated Medication Compounding Systems
• Table Top Tablet Counters
Pharmacy Automation Devices End-use Outlook
• Hospital Pharmacy
• Retail Pharmacy
Pharmacy Automation Devices Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
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report by Grand View Research: http://www.grandviewresearch.com/press-release/global-pharmacy-automation-market
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