Pharmacy Automation Market

Pharmacy Automation Market - Size, Share,
Growth, Outlook, and Opportunity Analysis,
2018-2026
Pharmacy automation is a process where handling and distribution of medications takes place in
hospital pharmacy or at retail pharmacy by means of automation. Pharmacy automation 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.
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Market Dynamics
Increasing need to reduce medication errors and development of automated systems with
improved features is a major factor driving pharmacy automation market growth. According to
the National Coordinating Council for Medication Error Reporting and Prevention (NCC MERP),
approximately 0.1 million approximately people die annually from medical errors that occur in
hospitals.
Similarly, according to the Institute of Medicine survey in 2014, due to medication errors 1 out of
131 outpatient and 1 out of 854 inpatient deaths each year’s globally. Furthermore, according
World Health Organization (WHO) studies in 2016, in United Kingdom, 12% of primary care
patient affected by monitoring or prescribing error of medicine over the course of a year and its
increases to 31% in older patient who is 75 year and older who is receiving more than 5 drug
during 12 months period.
Increase in need to reduce medication errors and development of automated systems
with improved features is expected to propel growth of pharmacy automation market
Pharmacy automation play a major role in today’s modern healthcare system, as pharmacy
automation reduce error that can be happen during manual process such as missing drug
information, missing patient information, dispensing the formulation, prescription error,
monitoring therapy and others. Wrong label information and instructions are one of the most
common types of errors. According to the National Coordinating Council for Medication Error
Reporting and Prevention (NCC MERP), approximately 100 million people die annually from
medical errors that occur in hospitals. It is necessary to reduce medication error in order to
improve healthcare facilities and services and to ensure the patient safety, therefore used of
pharmacy automation system in very important in order to minimize error related to storage,
medication, usage and retrieval dispensing.
Report includes chapters which deeply display the following deliverable about industry :
• Pharmacy Automation Market Research Objective and Assumption
• Pharmacy Automation Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Pharmacy Automation Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value
Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Pharmacy Automation Market, By Regions
• Pharmacy Automation Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Pharmacy Automation Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Pharmacy Automation Market Manufacturing Cost Analysis including Key Raw Materials and Key
Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning
and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Pharmacy Automation Market Forecast including Production, Consumption, Import and Export
Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Key Players
Major players operating in the global Pharmacy Automation market include, Becton,
Dickinson and Company, McKesson Corporation, Yuyama Co., Ltd., Omnicell, Inc.,
ScriptPro LLC, Cerner Corporation, Capsa Healthcare, Baxter International, Inc., KUKA
AG, TCGRx Pharmacy Workflow Solutions, RxSafe, LLC, ARxIUM Inc. Swisslog Holdings
AG and Talyst systems LLC
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Detailed Segmentation:
• Global Pharmacy Automation Market, By Product Type:
• Automated Medication Dispensing Systems
• Automated Storage & Retrieval Systems
• Automated Packaging & Labeling Systems
• Tabletop Tablet Counters
• Automated Compounding Devices
• Global Pharmacy Automation Market, By End User:
• Retail Pharmacy
• Hospital Pharmacy
• Global Pharmacy Automation Market, By Geography:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
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