Becton, Dickinson, and Company (U.S.), and Omnicell, Inc. (U.S.) held the major share of the pharmacy automation systems market and will continue to dominate the market between 2017 and 2022. Other major players operating in this market are 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.).
"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", The pharmacy automation market witnessed
healthy growth rate during the last decade and is expected to grow at a
CAGR of 8.2% between 2017 and 2022 to reach USD 5.38 Billion by 2022.
The growth in this market is mainly attributed to factors such as
growing need to minimize medication errors, rapid decentralization of
pharmacies, rising geriatric population, and rising labor cost.
The global pharmacy automation market is segmented on the basis of product, end users and regions. The study also provides product portfolio assessment which compares offerings of major market players; value chain analysis; market penetration rate in various geographies; market dynamics; industry trends; and business strategy matrix for pharmacy automation market.
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In 2016, automated medication dispensing systems
accounted for the largest share of the pharmacy automation market. The
factors such as improved medication safety, better inventory management,
improved storage capacity with optimal utilization of space, and
potential time and cost savings are the major drivers of market growth.
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| Pharmacy Automation Market |
The inpatient pharmacies end user segment accounted
for the largest share of pharmacy automation systems market. The
increasing need for improved accuracy and efficiency of pharmacy units
in hospitals and the growing need to minimize the waiting time in
inpatient pharmacies are key market drivers in this end-user segment.
In 2016, North America accounted for the largest
share of the global pharmacy automation market, followed by Europe,
Asia-Pacific, and RoW. Growth in the developed markets in North America
and Europe is mainly driven by the government regulations and
initiatives, high adoption of pharmacy automation and the presence of
major companies in this region. 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. As opposed to the
North American and European markets, the demand in the APAC and Latin
American markets is primarily driven by the growth in the overall
healthcare industry. With the rapid rise in the number of patients,
demand for quality care, effective upgradation of the healthcare IT
infrastructure of the country is expected to have a positive impact on
the demand for pharmacy automation systems.
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