The global pharmacy automation market is supportive and aims to reduce medication dispensing errors and improve patient safety. Data Bridge Market Research analyzes that the global pharmacy automation market will grow at a CAGR of 10.0% during the forecast period of 2023 to 2030.
Key Pointers Covered in Pharmacy Automation Market Industry Trends and Forecast to 2030
• Market Size
• Market New Sales Volumes
• Market Replacement Sales Volumes
• Market Installed Base
• Market By Brands
• Market Procedure Volumes
• Market Product Price Analysis
• Market Regulatory Framework and Changes
• Market Shares in Different Regions
• Recent Developments for Market Competitors
• Market Upcoming Applications
• Market Innovators Study
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Benefits of Considering this Report:
• This report is compiled using a vigorous and thorough research methodology. Data Bridge Market Research is also known for its data accuracy and granular market reports.
• A complete picture of the competitive scenario of Pharmacy Automation Market is depicted by this report.
• The report consists of a vast amount of data about the recent product and technological developments in the markets.
• The insights in the report are easy to understand and include a graphical representation of the numbers in the form of histograms, bar graphs, pie charts, etc.
Pharmacy Automation Market Scope and Market Size
The global pharmacy automation market is segmented into six notable segments based on product, pharmacy type, pharmacy size, application, end user, and distribution channel.
PRODUCT
• SYSTEMS
• SOFTWARE
• SERVICES
On the basis of product, the market is segmented into systems, software, and services.
PHARMACY TYPE
• INDEPENDENT
• CHAIN
• FEDERAL
On the basis of pharmacy type, the market is segmented into independent, chain, and federal.
PHARMACY SIZE
• LARGE SIZE PHARMACY
• MEDIUM SIZE PHARMACY
• SMALL SIZE PHARMACY
On the basis of pharmacy size, the market is segmented into large size pharmacy, medium size pharmacy, and small size pharmacy.
APPLICATION
• DRUG DISPENSING AND PACKAGING
• DRUG STORAGE
• INVENTORY MANAGEMENT
On the basis of application, the market is segmented into drug dispensing and packaging, drug storage, and inventory management.
END USER
• INPATIENT PHARMACIES
• OUTPATIENT PHARMACIES
• RETAIL PHARMACIES
• ONLINE PHARMACIES
• CENTRAL FILL/MAIL ORDER PHARMACIES
• PHARMACY BENEFIT MANAGEMENT ORGANIZATIONS
• OTHERS
On the basis of end user, the market is segmented into inpatient pharmacies, outpatient pharmacies, retail pharmacies, online pharmacies, central fill/mail order pharmacies, pharmacy benefit management organizations, and others.
DISTRIBUTION CHANNEL
• DIRECT TENDER
• THIRD PARTY DISTRIBUTOR
On the basis of distribution channel, the market is segmented into direct tender and third party distributor.
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Some of the key questions answered in this report:
• How has the Pharmacy Automation Market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What is the breakup of the market based on the procedure?
• What is the breakup of the market based on the injury location?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Pharmacy Automation Market and who are the key players?
• What is the degree of competition in the industry?
Market Analysis and Insights: Pharmacy Automation Market
• Pharmacy automation plays a significant role in modern healthcare as it allows medicine to be conveniently delivered and distributed in the hospital pharmacy or retail pharmacy. Automation of the pharmacy helps to reduce the error in the medication. It prevents errors such as missing medication information, missing patient information, dispensing formulations, prescription errors, tracking therapy, and others that can occur during the manual process.
• One of the most common types of errors is incorrect labeling information and instructions. To improve healthcare facilities and services and to ensure patient safety, it is vital to reduce prescription error, which is why the pharmacy automation system is used in quite important ways to eliminate storage, inventory, usage, and retrieval error.
• The use of pharmacy automation is highly acceptable and beneficial in increasing the efficiency and accuracy of pharmacies. Furthermore, the need for preventing medication errors and the rising geriatric population across the globe are likely to boost the market growth in the forecast period.
• The rising incidence of accidents and deaths due to medical drug errors puts tremendous pressure on the general healthcare sector. Both healthcare professionals and pharmacists are searching for more effective and accurate solutions to avoid such frequent medical malfunctions. In addition, with the increasing number of patients, visitors, and their respective safety needs, the drug delivery system becomes more complicated each passing day. In order to tackle this serious issue, advanced technologies such as pharmacy automation systems are now emerging as the most powerful tools.
• The goal of these instruments is to reduce medical prescription errors and maximize patient safety. Therefore, implementing such pharmacy automation systems helps healthcare service providers and pharmacists minimize their losses and improve quality and productivity.
Pharmacy Automation Market Country Level Analysis
• U.S., Canada and Mexico in [North America]
• Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, [Rest of Europe]
• China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, [Rest of Asia-Pacific (APAC)]
• Saudi Arabia, U.A.E, South Africa, Egypt, Israel, [Rest of Middle East and Africa (MEA)]
• Brazil, Argentina and [Rest of South America]
Pharmacy Automation Market Share Analysis
The global pharmacy automation market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the market.
Key player Pharmacy Automation Market
Some of the major market players operating in the global pharmacy automation market are ARxIUM, OMNICELL INC., Cerner Corporation, Capsa Healthcare, ScriptPro LLC, RxSafe, LLC., MedAvail Technologies, Inc., Asteres Inc., InterLink AI, Inc., BD, Baxter, Fullscript, McKesson Corporation, Innovation Associates, AmerisourceBergen Corporation, UNIVERSAL LOGISTICS HOLDINGS, INC, Takazono Corporation, TOSHO Inc., Willach Group, BIQHS.
MAJOR TOC OF THE REPORT
• Chapter One: Introduction
• Chapter Two: Market Segmentation
• Chapter Three: Market Overview
• Chapter Four: Executive Summary
• Chapter Five: Premium Insights
• Chapter Six: Pharmacy Automation Market Share by Product & Procedure type
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