Pharmacy automation market to grow 8% annually to 2017 reveals Report Buyer

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Market expected to hit almost $3.9 billion in 2017

Report Buyer

The report Pharmacy Automation: Technologies and Global Markets published in Oct 2012 states that the global inpatient and outpatient pharmacy automation market value is expected to hit nearly $3.9 billion in 2017 after growing at a CAGR of 8%.

New opportunities in various settings will continue to surface from small, private, family-owned pharmacies to large hospital and mail-order service facilities, such as Express Scripts/Medco Health Solutions. Many small, private pharmacies are still conducting operations through manual and semimanual methods, particularly in regions outside of the United States. The opportunity to fully automate these pharmacies surfaces more often each year, and with a growing compliance with bar-coding standards and new tracking capabilities with radio-frequency identification (RFID) technology, this trend will continue to increase at a rapid rate.

This 158 page report, Pharmacy Automation: Technologies and Global Market provides a comprehensive analysis of the pharmacy automation markets current operations and equipment, current trends, and detailed patent analysis. The study includes information regarding statistics for medication errors, costs associated with pharmacy activities, the pharmacist shortage and many other issues affecting the pharmacy automation market.

According to the report Pharmacy Automation: Technologies and Global Markets, the inpatient segment is expected to have a value of nearly $2 billion in 2012 and more than $2.8 billion in 2017, a CAGR of 7.3%. The outpatient segment should total $636 million in 2012 and $1 billion in 2017, a CAGR of 10.1%.

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