MarketsandMarkets Presents Pharmacy Automation Market Size, By Product and Region Forecast to

The report "Pharmacy Automation Market by Product (Medication Dispensing System (Robot, Carousel), Packaging & Labeling System (Unit Dose, Multi Dose), Tabletop Counter, Storage System), End User (Inpatient, Outpatient, Retail Pharmacy) - Global Forecast to 2022",Pharmacy Automation Market Browse 181 market data tables and 54 figures spread through 218 pages and in- depth TOC on "Pharmacy Automation Market by Product (Medication Dispensing System (Robot, Carousel), Packaging & Labeling System (Unit Dose, Multi Dose), Tabletop Counter, Storage System), End User (Inpatient, Outpatient, Retail Pharmacy) - Global Forecast to

Early buyers will receive 10% customization on this report.

The pharmacy automation market is estimated to grow at a CAGR of 8.2% from 2017 to 2022 to reach USD 5.38 Billion by Market growth can be attributed to the growing need to minimize medication errors, rapid decentralization of pharmacies, rising geriatric population and rising labor cost. On the other hand, reluctance among the healthcare organizations to adopt pharmacy automation systems is expected to restrain the overall market growth to a certain extent during the forecast period. Automated medication dispensing systems accounted for the largest share of the pharmacy automation market in The rising demand for prevention of medication errors, the need for accurate and timely dispensing of a treatment regimen, and the need for avoiding dispensing errors associated with the type and dosage of commonly prescribed medication are the major drivers of automated medication dispensing systems.

Research Methodology Top-down and bottom-up approaches were used to validate the size of the global high-content screening market and estimate the size of various other dependent submarkets. Major players in the market were identified through secondary research and their market revenues were determined through primary and secondary research. Secondary research included the study of the annual and financial reports of top market players, whereas primary research included extensive interviews with the key opinion leaders such as CEOs, directors, and marketing executives. The percentage splits, shares, and breakdowns of the product markets were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Target Audience: Healthcare Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, Pharmacies, Ambulatory Centers, and Outpatient Clinics) Market Research and Consulting Firms Venture Capitalists and Investors Government bodies

The global pharmacy automation market is projected to reach USD 5.38 Billion by 2022, at a CAGR of 8.2% from 2017 to The market growth can be attributed to a number of factors such as the growing need to minimize medication errors, rapid decentralization of pharmacies, changing population demographics, and rising labor costs. In this report, the global pharmacy automation market is segmented on the basis of type of product, end user, and region. Based on the type of product, the pharmacy automation market is segmented into automated medication dispensing systems, automated packaging and labelling systems, automated table top counters, automated medication compounding systems, automated storage and retrieval systems, and other pharmacy automation systems. The automated medication dispensing systems segment is segmented into centralized systems and decentralized systems. The centralized automated dispensing systems segment is further classified into robots/robotic automated dispensing systems and carousels whereas decentralized automated dispensing systems is further classified into pharmacy-based systems, ward-based systems and automated unit dose systems. The automated packaging and labeling systems market is segmented into automated unit-dose system and automated multi- dose system. Furthermore, on the basis of end users, the market is classified into inpatient pharmacies, outpatient pharmacies, pharmacy benefit management organization and mail order pharmacies, and retail pharmacies.

Automated medication dispensing systems accounted for the largest share of the pharmacy automation market in Decentralized automated dispensing system is expected to be the fastest growing product segment in the automated medication dispensing systems market during the forecast period. This is mainly attributed to the rising demand for accurate and timely dispensing of a treatment regimen and the need for avoiding dispensing errors associated with the type and dosage of commonly prescribed medication. Retail pharmacies is expected to be the fastest growing end user segment in the pharmacy automation market during the forecast period. Rising number of retail pharmacies and increasing workload on pharmacists are the major factors driving the rising adoption of pharmacy automation systems in retail pharmacies.

In 2016, North America accounted for the largest share of the global pharmacy automation market, largely attributed to the increasing number of drug prescriptions at pharmacies resulting from growth in the aging population. Furthermore, growth in insurance coverage in the U.S. has increased the burden on the country’s healthcare system, which has highlighted the need for improving efficiency and management of work in North America. With the rapid rise in the number of patients, demand for quality care, and effective upgradation of the healthcare IT infrastructure is expected to have a positive impact on the demand for pharmacy automation market in APAC and Latin America.

The major players in the pharmacy automation market are Becton, Dickinson, and Company (U.S.), Omnicell, Inc. (U.S.), Cerner Corporation (U.S.), Capsa Healthcare (U.S.), Parata Systems LLC (U.S), Baxter International, Inc. (U.S.), ScriptPro LLC (U.S.), KUKA AG (Germany), TCGRx Pharmacy Workflow Solutions (U.S.), RxSafe, LLC (U.S.), ARxIUM Inc. (U.S.) and Talyst systems LLC. (U.S.).

Contact Us Contact: Mr. Shelly Singh Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra , India

About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.