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
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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About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
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decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
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