Selbyville, Delaware, Global Pharmacy Automation Devices Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2027. Pharmacy Automation Devices Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Pharmacy Automation Devices market and provides information regarding the revenue for the period 2020 to 2027.
Global Pharmacy Automation Devices Market to reach USD 8.9 billion by 2027. Global Pharmacy Automation Devices Market is valued approximately USD 4.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2020-2027.
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Pharmacy automation devices reduces labor costs and medications errors and it further enhances the accuracy and speed of medication. This device mechanizes the tasks and processes to be performed in the health care and pharmaceutical industries. This device is used to automate various tasks such as medication dispensing, packaging, storage & retrieval systems, labeling, and table top counters the processes in both the departments of distribution and handling medication processes. This device improves the outcome by integrating knowledge and data with technology for the medication purpose.
The automation devices are widely used in pharmaceutical and medical sector for better patient care, increased productivity as well as reduces labor costs. The increase in reducing medication errors and rising technological advancements like reduction in medication errors and inventory discrepancies, faster prescription processing, and an overall decline in pharmacy expenditure are the few factors responsible for growth of the market over the forecast period. For instance: in June 2020, Swisslog Healthcare launched The Open Pharmacy platform. This platform transforms pharmacy into health hubs and enable community pharmacies to face challenges by adapting new trends and expectations. However, the reluctance to adopt pharmacy automation systems is the major factor restraining the growth of global Pharmacy Automation Devices market during the forecast period.
Major market player included in this report are:
- Amerisource Bergen Corporation
- Omnicell, Inc.
- McKesson Corporation
- Pearson Medical Technologies, LLC
- Talyst, LLC
- ScriptPro, LLC
- CareFusion (Becton Dickinson And Company)
- Medacist Solutions Group, LLC
- Kirby Lester
The regional analysis of global Pharmacy Automation Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the technological advancements in medication management in hospitals and pharmacies. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Medication Dispensing Systems
Packaging and Labeling Systems
Storage and Retrieval Systems
Automated Medication Compounding Systems
Tabletop Tablet Counters
- North America
- Asia Pacific
- Latin America
- Rest of the World
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