San Francisco, California (PRWEB) September 04, 2014
The global market for pharmacy automation devices is expected to reach USD 8,996.8 million by 2020, growing at an estimated CAGR of 7.3% from 2014 to 2020, according to a new study by Grand View Research, Inc. Pharmacy automation devices such as medication dispensing system, packaging and labeling systems, storage and retrieval systems, compounding systems and table-top counters are used to increase efficiency of work within pharmacies. These devices are used to enhance productivity, system integration, lowering of medication errors, and provide additional time to pharmacists and clinicians for patient care. Rise in demand for pharmaceutical products, technological advancement, and precise robotic tools to carry out pharmacy operations are some of the key drivers contributing towards the growth of this market. In addition, presence of untapped growth opportunities in emerging markets such as India, Brazil and China and increasing need for automation in pharmacy and healthcare operations are expected to serve this market as future growth opportunities.
The report “Pharmacy Automation Devices Market Analysis By Product (Packaging & Labeling, Medication Dispensing, Storage & Retrieval, Medication Compounding, Table-Top Counters), By End-use (Hospital Pharmacy, Retail Pharmacy) And Segment Forecasts To 2020” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/pharmacy-automation-market
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the pharmacy automation devices market on the basis of application, end-use and region:
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
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Grand View Research, Inc
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