Pharmacy Automation Market Overview
Market Research Future (MRFR) analysed the Pharmacy Automation Market 2020 through the review period 2019 to 2025. The expansion of the pharmacy automation market can expand at 8.60% CAGR across the forecast period. By 2025, the pharmacy automation market value can value at USD 6820.73 Million. COVID 19 analysis of the pharmacy automation market is offered along with the report.
The introduction of pharmacy automation is observed to boost dispensing process by eliminating human errors due to tedious nature of drug dispatch. This is observed to result in the inclination towards robust automation solutions by reputed and cash-rich pharmaceuticals. In addition, pharmacy start-ups are also incorporating automation technology to improve their performance that can explain the scale-up in the pharmacy automation market. Recently, the outbreak of pandemic have created huge scope for automation service and solution suppliers as human contact is required to be restricted. Thus, the market can expansion is likely due to the aforementioned factors.
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Pharmacy Automation Market Segmentation
The segment assessment of the worldwide pharmacy automation market are product and end-user.
The product-based segments of the global pharmacy automation market are automated medication dispensing system, automated packaging and labelling system, automated storage and retrieval system, and automated table top counters among others. The automated medication dispensing system can register considerable CAGR in the study period.
The end user-based segments of the worldwide pharmacy automation market are Outpatient Pharmacies, retail pharmacies, and inpatient pharmacies among others. Expansion of the e-commerce can support rise of online pharmacy platforms. Retail pharmacy is another rapidly growing segment that can promote the market of pharmacy automation.
Pharmacy Automation Market Region Analysis
In the Americas, the pharmacy automation market expansion can be to the rise in the adoption of modern technologies across the developing healthcare sector. Hike in expenditure on healthcare and rise in the number of hospitals, along with increase in the number of healthcare laboratories can promote the expansion of the in the pharmacy automation market in the near future. The US. Market can rise at high pace, thereby is likely to lead the regional market. The region holds facilities that boost the viability of pharmacy automation systems. Thus, the availability of favorable conditions can support the regional market expansion in the near future.
In Europe, the pharmacy automation market can expand at decent pace owing to the presence of well-established pharmaceutical domain in the region. The increase in the adoption of modern medical technologies and rise in cases of chronic ailments created the need for robust pharmaceutical solution. This can favor the expansion of the regional pharmacy automation market across the study period.
In Asia Pacific, the pharmacy automation market is expected to be the fastest-growing regional market. The expansion of APAC pharmacy automation market can be attributed to hike in per capita disposable income and inclination of manufacturers towards automation systems across the healthcare industry. The expansion of the regional pharmaceutical industry can favor the market expansion in the near future. The high rate of pharmaceuticals export of APCA, especially by India, can bolster the regional market rise.
In Middle East and Africa, the pharmaceutical automation market can expand at steady pace as healthcare facilities are limited and developments are observed to happen at a steady pace.
Pharmacy Automation Market Key Players
Parata Systems, Capsa Healthcare, Omnicell Inc., Arxium Inc., Scriptpro LLC, RxSafe, LLC, KUKA AG, Cerner Corporation, Becton, Dickinson, and Company, Yuyama Co., Ltd are some renowned companies that are operating in the worldwide pharmaceutical automation market that are recognised by MRFR.
Table Of Contents
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.2. Scope Of The Study
2.2.1. Research Objective
3. RESEARCH METHODOLOGY
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. MARKET DYNAMICS
5. MARKET FACTOR ANALYSIS
LIST OF TABLES
TABLE 1 GLOBAL PHARMACY AUTOMATION MARKET SYNOPSIS, 2019–2025
TABLE 2 GLOBAL PHARMACY AUTOMATION MARKET ESTIMATES & FORECAST, 2019–2025 (USD MILLION)
TABLE 3 GLOBAL PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2019–2025 (USD MILLION)
TABLE 4 GLOBAL PHARMACY AUTOMATION MARKET, BY END USER, 2019–2025 (USD MILLION)
TABLE 5 GLOBAL PHARMACY AUTOMATION MARKET, BY REGION, 2019–2025 (USD MILLION)
TABLE 6 NORTH AMERICA: PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2019–2025 (USD MILLION)
LIST OF FIGURES
FIGURE 1 RESEARCH PROCESS
FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL PHARMACY AUTOMATION MARKET
FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL PHARMACY AUTOMATION MARKET
FIGURE 4 GLOBAL PHARMACY AUTOMATION MARKET SHARE, BY PRODUCT TYPE, 2018 (%)
FIGURE 5 GLOBAL PHARMACY AUTOMATION MARKET SHARE, BY END USER, 2018 (%)
FIGURE 6 GLOBAL PHARMACY AUTOMATION MARKET SHARE, BY REGION, 2018 (%)
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