Kirby Lester LLC (U.S.), McKesson Corporation (U.S.), Omnicell Inc. (U.S.), ScriptPro LLC (U.S.), Swisslog Holdings AG (Switzerland), and Talyst Inc. (U.S.)
(PRWEB) October 20, 2014
The report “Pharmacy Automation Systems Market by product type (Medication Dispensing Systems, Packaging and Labeling Systems, Table-top Counters) by End-user (Inpatient Pharmacy Automation, Outpatient Pharmacy Automation) - Global Forecasts & Trends to 2019” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Browse 101 market tables and 30 figures spread through 300 pages and in-depth TOC on "Pharmacy Automation Systems Market"
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The pharmacy automation systems market is estimated at $3,165.9 million in 2014 and is expected to register a CAGR of 7.6% to reach $4,566.2 million by 2019.
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The market by product includes pharmacy automation systems such as automated medication dispensing systems, automated packaging and labeling systems, automated medication compounding systems, storage and retrieval systems, table-top counters, and other systems; whereas, the market by end user comprises inpatient pharmacy automation, outpatient pharmacy automation, retail pharmacy chains, and pharmacy benefit management organizations and other mail-order settings.
Factors such as the increase in the number of drug prescriptions at the pharmacies that increase the adoption of automated systems for the efficient workflow, rise in the healthcare expenditure, and the need for reduction in the medication errors propel the growth of this market. However, the shrinking budgets, higher costs associated with implementation of pharmacy automation systems, and severe regulations delaying the product launch in certain countries can hamper the growth of this market.
The report analyzes the pharmacy automation systems market into four geographies, namely, North America, Europe, Asia-Pacific, and RoW. North America accounted for the largest share in the global pharmacy automation systems market followed by Europe, APAC, and RoW. However, developed regions such as North America and Europe are expected to grow at a slower pace during the forecast period, due to saturation of these markets. On the other hand, the Asian region is anticipated to grow at a faster pace due to increasing awareness and adoption of technologies that boost the demand for pharmacy automation systems in this region.
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The prominent players in the pharmacy automation systems market are Baxter International Inc. (U.S.), CareFusion Corporation (U.S.), Cerner Corporation (U.S.), Kirby Lester LLC (U.S.), McKesson Corporation (U.S.), Omnicell Inc. (U.S.), ScriptPro LLC (U.S.), Swisslog Holdings AG (Switzerland), and Talyst Inc. (U.S.)
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