Pharmacy Automation Systems Market

Date: 5/4/2015

Pharmacy Automation Systems Market by Medication Dispensing Systems, Packaging and Labeling Systems, Table-top Counters, Inpatient Pharmacy Automation, and Outpatient Pharmacy Automation

The Pharmacy Automation Systems Market Is Estimated At $3,165.9 Million in 2014 and Is Expected To Register A CAGR Of 7.6% to Reach $4,566.2 Million By 2019

  • By: marketsandmarkets.com
  • Publishing Date: August 2014
  • Report Code: MD 2624

Hospital And Pharmacy Medication MarketThe global pharmacy automation systems market has witnessed considerable growth over the past few years and is further expected to grow. The market is segmented by product, end user, and by geography. On the basis of product, the market includes automated medication dispensing systems, automated packaging and labeling systems, automated medication compounding systems, storage and retrieval systems, table-top counters, and other systems. Whereas, on the basis of end users, the market includes the inpatient pharmacy units, outpatient pharmacy units, retail pharmacies, and pharmacy benefit management organizations and other mail-order setting. The inpatient pharmacy automation market is further classified as acute care setting and long-term care setting, while the outpatient pharmacy automation market is segmented into fast-track clinics and hospital pharmacies.

The pharmacy automation systems market is estimated at $3,165.9 million in 2014 and is expected to register a CAGR of 7.6% to reach $4,566.2 million by 2019. The need for cost reduction, lowering of medication errors, increasing efficiency of work within the pharmacies, system integration, productivity, and provision of additional time to clinicians and pharmacists for patient care are the major drivers for the market. However, stringent regulatory guidelines and high costs of implementation of automation systems are some of the key factors restraining the growth of the global market. However, increase in awareness regarding the benefits of pharmacy automation systems offer new growth opportunities to the market players.

Based on products, the global market includes automated medication dispensing systems, automated packaging and labeling systems, automated medication compounding systems, storage and retrieval systems, Table-top counters, and other systems. On the basis of end user, the market is classified into inpatient pharmacy units, outpatient pharmacy units, retail pharmacies, and pharmacy benefit management organizations and other mail-order settings. The inpatient market is further classified as acute care setting and long-term care setting; while the outpatient pharmacy automation market is segmented into fast-track clinics and hospital pharmacies.

The North American region was at the forefront of the global pharmacy automation systems market, followed by Europe, Asia-Pacific, and RoW. Factors such as the need for reduction of medication errors, healthcare cost containment, and the increasing demand for technologically advanced products are driving the market in North America. Whereas, the rising aging population coupled with the increase in demand for technologically advanced products by the healthcare organizations in the developing countries are expected to fuel the market in the Asian region.

The report has profiled the leading players of this market along with the developments of the companies over the past three years and strategic activities adopted by them to sustain and strengthen their position in the global pharmacy automation systems market. Some of the major players in the market include Baxter International Inc. (U.S.), CareFusion Corporation (U.S.), Cerner Corporation (U.S.), Kirby Lester LLC (U.S.), McKesson Corporation (U.S.), Omnicell Inc. (U.S.), ScriptPro LLC (U.S.), Swisslog Holdings AG (Switzerland), and Talyst Inc. (U.S.).

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Automated Medication Dispensing Touch Screen HMI PCThe explosive growth in Pharmacy Automation applications combined with the advent of new Internet and Smart technologies within the Internet of Things (IoT) puts AIS’s Open Architecture Touch Screen PCs and M2M Panels in an advantageous position for these applications. In addition, as a pioneer in the utilization of projected capacitive touch (PCT or PCAP) technology for their multi-touch HMIs and touch-panels, AIS offers a wide range of displays and sizes. Furthermore, their “all-in-one” PC-based touch panels deliver advanced performance, features and functions, while facilitating operator control and monitoring in Pharmacy Automation and other healthcare applications.

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