Pharmacy Automation Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2025

PHARMACY AUTOMATION
MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2017–2025
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REPORT DESCRIPTION
Pharmacy Automation Market Overview
Pharmacy automation is a mechanical process where handling and distribution of medications
takes place in hospital pharmacy or at retail pharmacy. It includes any pharmacy task that
involves counting of small objects such as tablets or capsules, measuring and mixing of powders
and liquids for compounding, tracking and updating customer information in databases such as
personally identifiable information (PPI), drug interaction risk detection, medical history and
inventory management. The pharmacy automation market is expected to favor the growth
owing to features such as system integration, which increases the productivity and time to
clinicians for patient care.
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Furthermore, demand for pharmaceutical products, technologically advanced robotic
equipment and tools to perform operations at faster rate pharmacy automation is required in
the near future. Whereas, constant developments in technology favors dispensing of
prescription medications safer, more accurate and more efficient. Pharmacy automation has
helped to provide improved workflow and efficiency to pharmacist as pharmacy automation can
manage over 200-300 medications and patient information in an effective and secure manner.
Furthermore, increasing government initiatives to improve healthcare infrastructure in emerging
economies such as India and China is in turn expected to fuel growth of the pharmacy
automation market.
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REPORT DESCRIPTION
Pharmacy Automation Market Taxonomy
• By Product Type
• Automated Medication Dispensing
• Automated Storage and Retrieval Systems
• Automated Packaging and Labeling
• Tabletop Tablet Counter
• Automated Compounding Devices
By End-User
• Retail Pharmacy
• Hospital Pharmacy
Increase in need to reduce medication errors fuels the pharmacy automation market
Medication errors such as failure in the drug prescription or dispensing process is lethal to patients,
which occurs due to increase in number of customers and work load on pharmacist that encourages the
pharmacist to buy pharmacy automation
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REPORT DESCRIPTION
Regional growth engines for pharmacy automation market
Increase in number of drug prescriptions at pharmacies due to growth in aging population in
North America and increase in insurance coverage in the U.S. has elevated the burden from
healthcare system of the country, which has highlighted that there is need of improvement in
management of work, which is possible by using pharmacy automation.
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Key players to support pharmacy automation market
Technological advancement in pharmacy automation systems have improved pharmacy
operation which leads to competition in various manufactures to innovate the product. For
example Becton Dickinson and Company developed Cato Mediation Workflow software with
an optional camera-based visual documentation hardware that provides visual documentation
of syringe, vial and IV container information. Key player operating in pharmacy automation
market include Baxter International Inc., Cerner Corporation, Becton Dickinson and Company,
McKesson Corporation, Swisslog Holdings AG, Capsa Healthcare, ScriptPro LLC, Yuyama Co.,
Ltd., Omnicell Inc. and Talyst, Inc.
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Pharmacy automation is a mechanical process where handling and distribution of medications takes place in hospital pharmacy or at retail pharmacy. It includes any pharmacy task that involves counting of small objects such as tablets or capsules, measuring and mixing of powders and liquids for compounding, tracking and updating customer information in databases such as personally identifiable information (PPI), drug interaction risk detection, medical history and inventory management. The pharmacy automation market is expected to favor the growth owing to features such as system integration, which increases the productivity and time to clinicians for patient care. For More Information, Request sample copy of Business Report: https://www.coherentmarketinsights.com/insight/request-sample/472