Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Pharmacy Automation Systems Market Segment Upto 2018: Transparency Market Research
  • USA - English


News provided by

Transparency Market Research

Sep 30, 2014, 09:15 ET

Share this article

Share toX

Share this article

Share toX

Transparency Market Research
Transparency Market Research

Albany, New York (PRWEB) September 30, 2014 -- Pharmacy automation systems benefit hospitals and pharmacies in ways that can best be described as effective and error-free. As demand grows across the globe, there are immense opportunities for vendors in the global pharmacy automation systems market.

Browse Full Global Pharmacy Automation Systems Market Research Report With Complete TOC @ http://www.transparencymarketresearch.com/pharmacy-automation-systems.html

  • Driving and restraining factors of the pharmacy automation systems market

Pharmacy Automation Systems Market Segment Upto 2018: Transparency Market Research

Post this

There has been mounting pressure on healthcare providers and pharmacists to reduce medication errors, which has been a leading cause for death across the globe. Deploying more effective technologies such as pharmacy automation systems ensures error-free dispensing of medication as well as patient safety. Medication distribution has also become more complex and difficult with rising number of patient visits - a problem pharmacy automation systems seek to resolve. Rising drug prices and reducing medical reimbursements affects pharmacy costs and the installation of these automated systems helps curb mounting costs. Moreover, pharmacy automation systems also tackle the problem of standardized packaging, labeling and compounding of drugs.

In contrast, lack of awareness regarding the benefits of automated systems in some countries and high cost of implementation are factors that curb the growth of the pharmacy automation systems market.

  • Pharmacy automation systems: Market segmentation

The pharmacy automation systems industry is relatively fragmented and can be segmented on the basis of technology, end users, and geography. The two chief end-users of pharmacy automation systems are hospitals and retail pharmacists. Although use of the automated systems is greater in hospital pharmacies owing to their ability to invest in expensive high-tech systems, growth in retail pharmacies and drug store chains has seen a rise in demand for pharmacy automation systems especially in emerging countries.

On the basis of technology, the pharmacy automation systems market can be segmented into automated medication dispensing, table-top tablet counters, automated compounding systems, automated packaging and labeling, and storage and retrieval systems. Accounting for 48.3% of the total market share, automated medication dispensing was the largest segment in 2011. The segment was valued at US$2.3 billion in 2011 and is expected to grow at a 6.7% CAGR to US$3.6 billion by 2018. One of the main reasons for this growth is the decentralization of pharmacies in large hospitals in order to improve patient safety and medication distribution.

On the basis of geography, the global pharmacy automation systems market can be divided into North America, Europe, Asia-Pacific, and Rest of the World.

For further inquiries, ask here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=815

  • Rising healthcare infrastructure to fuel pharmacy automation systems market in RoW region

North America dominates the global pharmacy automation systems market, accounting for over half of the worldwide industry. One of the primary reasons for this development is increasing errors in dispensing of medication prescription. Medication errors are a leading cause of death in North America, with nearly 10,000 people in Canada and 100,000 in the U.S. dying due to this. With the adoption of pharmacy automation systems, nearly 70% of these errors can be prevented, thereby fueling the growth of the pharmacy automation systems market. In addition to this, pharmacies and healthcare providers in North America have been striving to incorporate advanced and automated technology into medication dispersal, increasing the demand for pharmacy automation systems.

However, with rising healthcare infrastructure and investments by retail pharmacists and hospitals, and growing awareness of automated technologies such as the pharmacy automation systems is expected to boost the market in the Rest of the World region, making it the fastest-growing regional market during the forecast period of 2012-2018.

  • Competitive landscape

The global pharmacy automation systems market has numerous small and big industry players, making it a highly-competitive market. Some of the key market players include McKesson Corp, Amerisource Bergen Corp, CareFusion Corp, Swisslog Holding Ltd., Health-Robotics SRL, Kirby Lester, OmniCell Inc, and ScriptPro. CareFusion Corp leads the hospital automation segment of the overall pharmacy automation systems market, while ScriptPro is expected to dominate the retail pharmacy segment.

Based on figures provided by a market intelligence firm, the worldwide market for pharmacy automation systems was valued at US$4.7 billion in 2011 and is expected to be valued at US$7.8 billion by 2018, growing at a 7.3% CAGR.

Related & Recently Published Reports by Transparency Market Research

  • Computational Biology Market: The computational biology market deals with the use of biology and computers for drug discovery and drug development. This is conducted through modeling and simulation models for pharmacokinetics and pharmacodynamics. Rise in late stage drug failure coupled with contraction of innovative drugs has led to huge financial losses to the biotech pharmaceutical companies. It has therefore become imperative for pharmaceutical companies to invest in computational biology. In 2011, the global computational biology market was valued to be USD 760.2 million and is expected to grow at a CAGR of 21.3% from 2012 to 2018. Browse full report with TOC: http://www.transparencymarketresearch.com/computational-biology.html
  • Healthcare Information System Market : Healthcare information system is an extensive integrated system which captures, stores, manages and transmits information related to the health of individuals or the activities of organizations that work within the healthcare sector. Globally, increase in aging population is playing a major role in increasing the demand of healthcare information system. Older people have less regenerative abilities and are more prone to disease, syndrome and sickness. As a result, healthcare information systems market is expected to grow at a CAGR of about 7.1% during 2013 – 2019. Browse full report with TOC: http://www.transparencymarketresearch.com/healthcare-information-system.html

Contact:
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA/Canada Toll Free: 866-552-3453
Email: sales(at)transparencymarketresearch(dot)com
Web: http://www.transparencymarketresearch.com/

Sheela AK, Transparency Market Research, http://www.transparencymarketresearch.com, +1 518-618-1030, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.