Pharmacy Automation Systems Market Share, Analysis, Trends & Forecasts to 2022
Pharmacy automation system is a mechanical system that executes tasks without human interference in healthcare industry. Pharmacy 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. Pharmacy automation is evolving as a sophisticated technology, and pharmacists need to be educated and trained in order to effectively monitor these automated systems.
Pharmacy automation system is a mechanical system that executes tasks without human interference in healthcare industry. Pharmacy 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. Pharmacy automation is evolving as a sophisticated technology, and pharmacists need to be educated and trained in order to effectively monitor these automated systems.
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estricted budget of healthcare establishments, increasing drug prices and lack of awareness of the<br />
benefits of the au<strong>to</strong>mation systems in emerging economies are the major fac<strong>to</strong>rs hampering the<br />
growth of pharmacy au<strong>to</strong>mation.<br />
Based on types of technology the market can be segmented in<strong>to</strong> table <strong>to</strong>p counters, au<strong>to</strong>mated<br />
packaging, dispensing, labeling systems and medication compounding. The au<strong>to</strong>mated medication<br />
dispensing system is expected <strong>to</strong> be the largest market segment owing <strong>to</strong> the increasing demand for<br />
timely and au<strong>to</strong>mated dispensing of medicine <strong>to</strong> patients. This system provides computer<br />
moni<strong>to</strong>red s<strong>to</strong>rage, tracking, recording of medical work, and dispensation more efficiently. These<br />
dispensing system can work on several patients at a single time simultaneously thereby allowing the<br />
medical practitioner <strong>to</strong> provide the medicines accurately.<br />
Based on end user segment the market can be classified in<strong>to</strong> outpatient, inpatient, retail and other<br />
pharmaceutical organizations. In-patient pharmacy au<strong>to</strong>mation market has been classified in<strong>to</strong> long<br />
term care and acute care setting. Outpatient market is further classified in<strong>to</strong> hospital pharmacies<br />
and fast track health centers. In patient segment is expected <strong>to</strong> have the largest market share owing<br />
<strong>to</strong> longer stay in the hospital and the requirement of healthcare moni<strong>to</strong>ring and facilities.<br />
North American is expected <strong>to</strong> be the largest market of the global pharmacy au<strong>to</strong>mation systems<br />
market on account of increasing demand for innovative products, presence of R& innovations and<br />
penetration of advance IT systems couples with reduction of medical errors and high healthcare<br />
regulations. Europe and Asia-Pacific are expected <strong>to</strong> witness higher growth rate over the forecast<br />
period owing <strong>to</strong> rise in population, increasing awareness of benefits in au<strong>to</strong>mation systems, need<br />
for enhanced and efficient healthcare facilities, risk free procedures and surgeries. In Asian<br />
countries including china and India, the aging population and increase in need for technologically<br />
innovative products by the healthcare facilities are expected <strong>to</strong> steer the market in this region.<br />
The key players in the market are McKesson Corporation, Care Fusion Corp., AmerisourceBergen<br />
Corporation, TalystInc. Other industry participants include Kirby Lester, ScriptPro LLC, OmnicellInc,<br />
and Baxter International Inc. The global is expected <strong>to</strong> be highly competitive comprising of<br />
numerous market players and continuous innovations and developments of new products.
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