Pharmacy Automation Market Size, Trends & Growth Opportunity By Type (Tabletop Tablet Counters, Automated packaging & Labeling System, Automated Storage & Retrieval Systems, Automated Medication Dispensing System), By Application (Drug Storage, Inventory Management, and Drug Dispensing & Packaging), By End User, By Region and Forecast till 2027
Report ID : QR100268 | Industries : Healthcare | Published On :September 2021 | Page Count : 253Global Pharmacy Automation Market
Global Pharmacy Automation Market was valued at USD 4.2 billion in 2019 which is expected to reach USD 8.38 billion by 2027 at a CAGR 8.5%.
Pharmacy automation system is centralized or decentralized automated packaging, labeling, dispensing, and other systems which is used to reduce dispensing errors, and improvement of workflow efficiency of pharmacies and hospital nursing staff. Pharmacy automation plays an important role in modern healthcare.
Market Drivers
Increase in demand for pharmacy automation to reduce medication errors is the key driving factor which is expected to drive global pharmacy automation market growth. Furthermore, continuous technological advancement and development of automated system with improved pharmacy automation is expected to propel the global pharmacy automation market growth. Moreover, increase in technological advancements is expected to fuel the global pharmacy automation market growth. For instance, in 2015, Becton, Dickinson and Company had launched Cato Medication workflow software with camera based visual documentation hardware, which offers Visual documentation of IV, Vial, Syringe, Container, and information during every gravimetric step.
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Market Restraints
However, high cost of pharmacy automation is the main restraining factor which is expected to hamper global pharmacy automation system market growth. Also, stringent regulatory procedures will affect the growth of global pharmacy automation market growth.
Market Segmentation
Global Pharmacy Automation Market is segmented into type such as Tabletop Tablet Counters, Automated packaging & Labeling System, Automated Storage & Retrieval Systems, Automated Medication Dispensing System, and Others, by application such as Drug Storage, Inventory Management, and Drug Dispensing & Packaging. Further, Global Pharmacy Automation Market is segmented into end user such as Retail Pharmacies, Online Pharmacies, and Others.
Also, Global Pharmacy Automation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Arxium, Inc., Talyst, LLC, Scriptpro LLC, Parata Systems LLC, Capsa Healthcare,, Cerner Corporation, Baxter International Inc., Omnicell, Inc., and Becton, Dickinson, and Company.
Market Taxonomy
By Type
- Tabletop Tablet Counters
- Automated packaging & Labeling System
- Automated Storage & Retrieval Systems
- Automated Medication Dispensing System
- Others
By Application
- Drug Storage
- Inventory Management
- Drug Dispensing & Packaging
By End User
- Retail Pharmacies
- Online Pharmacies
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Pharmacy Automation Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Global Pharmacy Automation Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Pharmacy Automation Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Pharmacy Automation Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Pharmacy Automation Market Share Analysis, By Type
5.3 Global Pharmacy Automation Market Size and Forecast, By Type
5.3.1 Tabletop Tablet Counter
5.3.2Automated Packaging & Labelling System
5.3.3 Automated Storage & Retrieval System
5.3.4Automated Medication Dispensing System
5.3.5Others
6 Global Pharmacy Automation Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Pharmacy Automation Market Share Analysis, By Application
6.3 Global Pharmacy Automation Market Size and Forecast, By Application
6.3.1 Drug Storage
6.3.2 Inventory Management
6.3.3LDrug Dispensing & Packaging
7 Global Pharmacy Automation Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Pharmacy Automation Market Share Analysis, By End User
7.3 Global Pharmacy Automation Market Size and Forecast, By End User
7.3.1 Retail Pharmacies
7.3.2 Online Pharmacies
8 Global Pharmacy Automation Market, By Region
8.1 Global Pharmacy Automation Market Share Analysis, By Region
8.2 Global Pharmacy Automation Market Share Analysis, By Region
8.3 Global Pharmacy Automation Market Size and Forecast, By Region
9 North America Pharmacy Automation Market Analysis and Forecast (2017 – 2027)
9.1 Introduction
9.2 North America Pharmacy Automation Market Share Analysis, By Type
9.3 North America Pharmacy Automation Market Size and Forecast, By Application
9.4 North America Pharmacy Automation Market Size and Forecast, By End User
9.5 North America Pharmacy Automation Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Pharmacy Automation Market Analysis and Forecast (2017 – 2027)
10.1 Introduction
10.2 Europe Pharmacy Automation Market Share Analysis, By Type
10.3 Europe Pharmacy Automation Market Size and Forecast, By Application
10.4 Europe Pharmacy Automation Market Size and Forecast, By End User
10.5 Europe Pharmacy Automation Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Pharmacy Automation Market Analysis and Forecast (2017 – 2027)
11.1 Introduction
11.2 Asia Pacific Pharmacy Automation Market Share Analysis, By Type
11.3 Asia Pacific Pharmacy Automation Market Size and Forecast, By Application
11.4 Asia Pacific Pharmacy Automation Market Size and Forecast, By End User
11.5 Asia Pacific Pharmacy Automation Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Pharmacy Automation Market Analysis and Forecast (2017 – 2027)
12.1 Introduction
12.2 Latin America Pharmacy Automation Market Share Analysis, By Type
12.3 Latin America Pharmacy Automation Market Size and Forecast, By Application
12.4 Latin America Pharmacy Automation Market Size and Forecast, By End User
12.5 Latin America Pharmacy Automation Market Size and Forecast, Country
13 Middle East Pharmacy Automation Market Analysis and Forecast (2017 – 2027)
13.1 Introduction
13.2 Middle East Pharmacy Automation Market Share Analysis, By Type
13.3 Middle East Pharmacy Automation Market Size and Forecast, By Application
13.4 Middle East Pharmacy Automation Market Size and Forecast, By End User
13.5 Middle East Pharmacy Automation Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Arxium, Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Talyst, LLC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Scriptpro LLC
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Parata Systems LLC
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Capsa Healthcare
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Cerner Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Baxter International Inc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Omnicell, Inc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Becton, Dickinson, and Company
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies