Pharmacy Automation Systems Market Report 2022 Based on Application,Types and Regions

<strong>Pharmacy</strong> <strong>Automation</strong> <strong>Systems</strong> <strong>Market</strong> <strong>Report</strong> <strong>2022</strong>
<strong>Based</strong> on Application, Types and Regions
<strong>Pharmacy</strong> <strong>Automation</strong> <strong>Systems</strong> <strong>Market</strong> report provide brief analysis of industry
by size, production, specification, shares, types, applications, manufactures,
gross margin, competitors, price, forecast and SWOT analysis.
The increasing demand for productivity, system integration, cost reduction, and increasing efficiency
of work is expected to drive the market growth. Reducing medication errors, within the pharmacies
thereby providing additional time to pharmacists for patient care is attributed as the major driving
factor for the market growth over the forecast period.<strong>Pharmacy</strong> automation system is a mechanical
system that executes tasks without human interference in healthcare industry. <strong>Pharmacy</strong> automation
system improves the efficiency of resource utilization and medication distribution by integrating
different departments such as nursing, laboratory, medication records and imaging. These systems
provide efficient care to the patients by preventing medical errors and adverse drug events by
checking the correct dosage.
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<strong>Pharmacy</strong> automation is evolving as a sophisticated technology, and pharmacists need to be educated
and trained in order to effectively monitor these automated systems.
The high demand and requirements for safety, accuracy, industry standards, coupled with
competency in the pharmaceutical industry by manufacturers, healthcare professionals, regulatory
authorities, and consumers is expected to play a significant role in growth of this market.Increase in
life expectancy, ageing population, and a significant paradigm shift from centralized to decentralized
pharmacies. Moreover the need for reducing medication errors, by increasing the efficiency of work
within the organization, thereby improving productivity, are attributed as the major reasons to
encourage the development of the pharmacy automation market.
Pharmaceutical industry is expected to grow at a robust rate due the progression of better healthcare
facilities and technologies. Proper administration of medicine should be carried out in order to
measure its success rates. These systems are expected drive medication management, by providing
right medication dose to the patient at appropriate time. This factor is expected to be a major
challenge of healthcare management and can be overcome by adopting pharmacy automation
systems.
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New opportunities in various applications is expected to continue to exist from private, small, and
family owned pharmacies to large services such as hospital and mail-order facilities. In emerging
economies many small, private pharmacies are still conducting operations and surgeries through
manual and semi-manual methods. The opportunity to fully automate these pharmacies with
increasing bar coding standards is expected to boost the market growth in such regions at a rapid
rate.
Technological advancements and innovations owing to increased investment of many pharma
companies in research and development can be attributed to growth in automation systems.
Technology is expected to transform the traditional style of working to more sophisticated
environment through which the automation systems can act effectively and efficiently in particular
procedures which require repetition high concentration and complex procedures such as record
keeping thereby saving both cost and time.

Stringent regulatory norms, high cost of installation, restricted budget of healthcare establishments,
increasing drug prices and lack of awareness of the benefits of the automation systems in emerging
economies are the major factors hampering the growth of pharmacy automation.
<strong>Based</strong> on types of technology the market can be segmented into table top counters, automated
packaging, dispensing, labeling systems and medication compounding. The automated medication
dispensing system is expected to be the largest market segment owing to the increasing demand for
timely and automated dispensing of medicine to patients. This system provides computer monitored
storage, tracking, recording of medical work, and dispensation more efficiently. These dispensing
system can work on several patients at a single time simultaneously thereby allowing the medical
practitioner to provide the medicines accurately.
<strong>Based</strong> on end user segment the market can be classified into outpatient, inpatient, retail and other
pharmaceutical organizations. In-patient pharmacy automation market has been classified into long
term care and acute care setting. Outpatient market is further classified into hospital pharmacies and
fast track health centers. In patient segment is expected to have the largest market share owing to
longer stay in the hospital and the requirement of healthcare monitoring and facilities.
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North American is expected to be the largest market of the global pharmacy automation systems
market on account of increasing demand for innovative products, presence of R& innovations and
penetration of advance IT systems couples with reduction of medical errors and high healthcare
regulations. Europe and Asia-Pacific are expected to witness higher growth rate over the forecast
period owing to rise in population, increasing awareness of benefits in automation systems, need for
enhanced and efficient healthcare facilities, risk free procedures and surgeries. In Asian countries
including china and India, the aging population and increase in need for technologically innovative
products by the healthcare facilities are expected to steer the market in this region.
The key players in the market are McKesson Corporation, Care Fusion Corp., AmerisourceBergen
Corporation, TalystInc. Other industry participants include Kirby Lester, ScriptPro LLC, OmnicellInc,
and Baxter International Inc. The global is expected to be highly competitive comprising of numerous
market players and continuous innovations and developments of new products.

<strong>Market</strong> Segment:
This report studies the global <strong>Pharmacy</strong> <strong>Automation</strong> <strong>Systems</strong> market, analyzes and researches the
<strong>Pharmacy</strong> <strong>Automation</strong> <strong>Systems</strong> development status and forecast in United States, EU, Japan,
China, India and Southeast Asia. This report focuses on the top players in global market, like
• Omnicell
• AmerisourceBergen Corp
• RxMedic
• McKesson Corp
• Kirby Lester
• Parata <strong>Systems</strong>
• Baxter Internationa
• ScriptPro
• Swisslog Holding
• CareFusion Corporation
• RxSafe
• Accu-Chart Healthcare
• GSE Scale <strong>Systems</strong>
• Health Robotics SRL
• MedDispence
• MTS Medication Technologies
• Pearson Medical Technologies
• Cerner Corporation
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<strong>Market</strong> segment by Regions/Countries, this report covers
• United States
• EU
• Japan
• China
• India
• Southeast Asia

<strong>Market</strong> segment by Type, <strong>Pharmacy</strong> <strong>Automation</strong> <strong>Systems</strong> can be split into
• Automated Medication Dispensing <strong>Systems</strong>
• Automated Packaging and Labeling <strong>Systems</strong>
• Automated Storage And Retrieval <strong>Systems</strong>
• Automated Medication Compounding <strong>Systems</strong>
• Others
<strong>Market</strong> segment by Application, <strong>Pharmacy</strong> <strong>Automation</strong> <strong>Systems</strong> can be split into
• Hospital <strong>Pharmacy</strong>
• Retail <strong>Pharmacy</strong>
• Others

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