Pharmacy
Automation Systems Industry Overview:
Pharmacy automation systems are utilized for inpatient and
outpatient pharmacies for automating the routine tasks of a pharmacist, thereby
automating the entire mechanical processes of handling and distributing as well
as dispending medications. But these systems also aid in measuring and
compounding medications, updating and tracking patient information in
databases, and inventory management.
Pharmacy Automation Systems Industry Size and Growth
Rate:
According to our research report, Pharmacy Automation
Systems Industry size is poised to reach USD 5,342 Million by the end of 2022
from USD 3,145 Million in 2017 and this market witnessed a growth rate of 7.4%
during the forecast period 2018-2022.
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Factors affecting on Pharmacy Automation Systems Industry growth:
Growing adoption and rising demand for automated solutions
in pharmacies, socio-economic factors like increasing disease incidences due to
growing elderly population, increasing inclination of pharmacists for automation
systems since it automates time-consuming and routine tasks like medication
storage, compounding, packaging, retrieval, and dispensing are driving the
growth of the Industry. These automation solutions streamline pharmacy workflow
and also decrease the risk of errors. Product innovations and increasing rates
of hospitalizations is also fueling the growth of the Industry. Through
pharmacy automation systems, hospitals can keep a track and manage drug supplies
and data regarding health information regarding patients. Increasing demand for
efficient and clear tracking systems is anticipated to drive the Industry for
pharmacy automation systems in the coming years. However, High initial
expenditure and need for maintenance are estimated to be a few Industry
restraining factors.
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Pharmacy Automation
Systems Industry Geographical Insights:
From the geographical point of view, Industry is segmented
into North America, Asia Pacific, Europe, Latin America, and Middle East and
Africa regions. North America region is estimated to lead the Industry in terms
of revenue share globally. This is because of growth in insurance coverage and
growing prescriptive medical assistance in United States which led to need for
better workflow in North America. Increase in rate of population growth as well
as innovative medical, IT and healthcare infrastructures are estimated to drive
the Industry in Asia Pacific and Latin America region.
Pharmacy
Automation Systems Industry - Key players: Talyst systems LLC.
(U.S.), ARxIUM Inc. (U.S.), Parata Systems LLC (U.S), LLC (U.S.), Capsa
Healthcare (U.S.), Cerner Corporation (U.S.), RxSafe, Inc. (U.S.), TCGRx
Pharmacy Workflow Solutions (U.S.), KUKA AG (Germany), ScriptPro LLC (U.S.),
Baxter International, Inc. (U.S.), Omnicell, Company (U.S.), Dickinson, and Becton.
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kevin@researchcosmos.com
Global Sales Manager
Research Cosmos
www.researchcosmos.com
+1 888 709 8757
https://marketreportsweb.com/
https://acutemarketinsights.com/
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