A New FMI Study Analyses Growth of Pharmacy Automation Systems Market in Light of the Global Corona Virus Outbreak
Future Market Insights offers a 10-year forecast for the Pharmacy Automation Systems market between 2016 and 2026. In terms of value, the Pharmacy Automation Systems market is expected to register a CAGR of 6.7% during the forecast period. This Pharmacy Automation Systems market study demonstrates the global market dynamics and trends across various regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Middle East & Africa, and Japan, which influences the current nature and future status of the Pharmacy Automation Systems market during the forecast period.
This research report provides a detailed analysis of the pharmacy automation systems market and offers insights on various factors. This pharmacy automation systems market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The stakeholders in the Pharmacy Automation Systems market include healthcare automation providers, hospitals, pharmacies, and clinics. The Pharmacy Automation Systems report segregates the market based on product type, application and end users across different regions worldwide.
Integration of IT applications with pharmacy automation systems has led to the rapid adoption of pharmacy automation systems across various end users including hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs. Various software is being integrated with pharmacy automation technologies to improve the workflow of the overall medication or prescription and compounding process. Increasing numbers of inpatients along with outpatients put pressure on hospitals and retail pharmacies to incorporate automated technologies like pharmacy automation systems to reduce the risk of errors and manage the inventory efficiently.
The pharmacy automation systems report starts with an overview of the global pharmacy automation systems market in terms of value. In addition, this section includes the analysis of key trends, drivers, and restraints that are influencing the pharmacy automation systems market. Impact analysis of key growth drivers and restraints is included in the pharmacy automation systems market report to facilitate clients with crystal-clear decision-making insights.
The global pharmacy automation systems market is categorized on the basis of product type, application, and end users, and region. On the basis of product type, the pharmacy automation systems market is segmented into medication dispensing cabinets, packaging and labelling systems, IV pharmacy (automated drug compounding), robotic dispensing systems, carousal storage systems and tablet splitters. In terms of revenue share, medication dispensing cabinets dominated the global pharmacy automation systems market in 2016 and is expected to retain its dominance throughout the forecast period in the pharmacy automation systems market.
On the basis of application, the Pharmacy Automation Systems market is segmented into drug dispensing & packaging, drug storage and inventory management. In terms of revenue share, drug dispensing and packaging dominated the global pharmacy automation systems market in 2016 and is expected to do so throughout the forecast period. The inventory management application segment is anticipated to expand at the fastest CAGR during the forecast period in the pharmacy automation systems market.
On the basis of end-use industry, the global pharmacy automation systems market is segmented into hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs. Hospital pharmacies currently account for the highest revenue in the pharmacy automation systems market due to increasing usage of pharmacy automation systems in hospitals in developed countries.
The next section of pharmacy automation systems market report highlights a detailed analysis of pharmacy automation systems across various countries in different regions. The pharmacy automation systems report provides an overall market outlook for 2016–2026 and sets the forecast within the context of the pharmacy automation systems market to include the latest technological developments as well as service offerings in pharmacy automation systems market. This Pharmacy Automation Systems study discusses key trends within countries contributing to the growth of the Pharmacy Automation Systems market as well as analyzes degrees at which the drivers are influencing pharmacy automation systems market in each region. Key regions and countries assessed in this Pharmacy Automation Systems report include North America (U.S. and Canada), Latin America (Brazil, Mexico, Argentina and the Rest of Latin America), Western Europe (Germany, UK, France, Italy, Spain, Nordic, BENELUX, and the Rest of Western Europe), Eastern Europe (Russia, Poland, and the Rest of Eastern Europe), APEJ (India, China, ASEAN, Australia and New Zealand, and the Rest of APEJ), Japan, and MEA (South Africa, North Africa, GCC Countries, and Rest of MEA).
The Pharmacy Automation Systems report evaluates the present scenario and growth prospects of the Pharmacy Automation Systems market across various regions globally for the period 2016–2026. We have considered 2015 as the base year and provided data for the remaining 11 years. The forecast presented in the Pharmacy Automation Systems report assesses the total revenue by value across the pharmacy automation systems market. To offer an accurate forecast, we started by sizing the current Pharmacy Automation Systems market, which forms the basis of how the Pharmacy Automation Systems market will develop in the future. Given the characteristics of the Pharmacy Automation Systems market, we have triangulated the outcome of the analysis of different types and verticals based on technology trends.
In addition, it is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the Pharmacy Automation Systems market and to identify the right opportunities across the market.
In the final section of the Pharmacy Automation Systems market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the Pharmacy Automation Systems market value chain, their presence in the Pharmacy Automation Systems portfolio, and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the Pharmacy Automation Systems value chain as well as the potential players for the same. The Pharmacy Automation Systems market report audiences can gain segment- specific vendor insights to identify and evaluate Pharmacy Automation System market key competitors based on an in-depth assessment of their capabilities and success in the marketplace. Detailed profiles of Pharmacy Automation Systems providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the Pharmacy Automation Systems space. Some of the key competitors of pharmacy automation systems market covered in the report are AmerisourceBergen Corporation, Baxter International Inc., Swisslog Holdings AG, Care Fusion Corporation, Cerner Corporation, Kirby Lester LLC, Talyst, LLC., Omnicell Inc., and ScriptPro LLC.
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Key Segments Covered in the Pharmacy Automation Systems Market
- Product Type
- Medication Dispensing Cabinets
- Packaging & Labelling Machines
- IV Pharmacy
- Robotic Dispensing Machines
- Carousel Storage
- Tablet Splitters
- Drug Dispensing & Packaging
- Drug Storage
- Inventory Tracking
- End users
- Hospital Pharmacies
- Clinic Pharmacies
- Retail Pharmacy stores
- Mail Order Pharmacies
- Pharmaceutical SMEs
Key Regions Covered
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Australia & New Zealand
- Rest of APEJ
- Middle East & Africa
- South Africa
- North Africa
- Rest of Middle East & Africa
- AmerisourceBergen Corporation
- Baxter International Inc.,
- Swisslog Holdings AG
- Care Fusion Corporation
- Cerner Corporation
- Kirby Lester LLC.
- Talyst, LLC.
- Omnicell Inc.
- ScriptPro LLC.
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