Thursday, June 23, 2016
Pharmacy Automation Market : Global Industry Information, Market Needs, Industry Size and Forecast 2016-2022
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As stated in a recently published information
by Credence Research Inc “Pharmacy Automation Market - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2015 - 2022,” the pharmacy
automation market is expected reach US$ 9.55 Bn by 2022, as healthcare
providers and retail pharmacies are focusing to reduce incidences of medication
errors and adverse drugs effects. In
addition, pharmacists are facing pressure from increasing number patients.
Thus, hospital as well as retail pharmacies are installing advanced technologies
to reduce medication errors.
In addition, retail drug chains across the
world are focusing to reduce their operating cost due to rising drug prices and
reducing drug reimbursements. Advanced pharmacy automation solutions not only
reduce medication errors but also help in inventory management. Automation also
reduces number of staff required to manage and control pharmacy operations
which reduces cost per employee for healthcare providers. All these benefits
are expected spur the demand for pharmacy automation solutions through the
forecast period 2016 - 2022.
Browse The Full Report At : http://www.credenceresearch.com/report/pharmacy-automation-market
We have considered automated solutions used in
hospital and retail pharmacies. Hospital pharmacies accounted for the largest
revenue share of 56.5% in the overall market by end use sector. This segment is
expected to see a significant growth with rising installation of prescription
management and medication management solutions in large and medium size
hospitals across the world. These systems are gaining popularity in the U.S.,
Europe and Asia Pacific with shifting trend towards patient centric pharmacy systems
from product centric pharmacy systems. Retail
pharmacy segment is expected to be the fastest growing end use segment for
pharmacy automation solutions. Retails pharmacists are focusing to cost per
prescription in order to reduce their fixed costs. This is increasing the
demand for central prescription filling systems (central prescription dispensing
systems) from retail segment.
Hospitals are looking for hybrid solutions in
which provide benefits of both centralized as well as decentralized systems.
However, retail pharmacists are installing centralized automation solutions.
The automated medication dispensing systems is
the largest product segment in pharmacy automation market by products. Large
size medication dispensing systems are gaining popularity in large size
hospitals with increasing awareness about their benefits and advancement in
technology. Advanced table top counters integrated with packaging and labeling
solutions are gaining popularity in retail as well as hospital pharmacies.
Automated compounding devices (ACD’s) segment is predicted to witness fastest
growth in the next six years with increasing installation of these solutions in
laboratories, hospitals, and pharmacists in order to reduce drugs compounding
errors.
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North
America is the matured market for pharmacy automation solutions as most of
the hospitals and retails pharmacy stores are already equipped with these
solutions. North America accounted for more than half of the revenue share in
the global pharmacy automation market. However, considerable growth is expected
in this market as hospitals replacing their outdated solutions with advanced
technologies to improve efficiency and patients’ safety. Asia Pacific is
expected to witness fastest growth with rising number drug chains and growing
medical tourism in the region.
The market comprises large number of
multinational players such as CareFusion, AmerisourceBergen Corp, Swisslog
Holding Ltd, Omnicell, Kirby Lester, McKesson Corporation, ScritPro and Parata
system and others.
About Us:
Credence Research is a worldwide market
research and counseling firm that serves driving organizations, governments,
non legislative associations, and not-for-benefits. We offer our customers some
assistance with making enduring enhancements to their execution and understand
their most imperative objectives. Over almost a century, we’ve manufactured a
firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103
US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
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