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Research Report and Overview on Pharmacy Automation System Market, 2014-202 PowerPoint PPT Presentation


The pharmaceutical industry is growing at a very fast rate with the evolution of better medication. No matter how useful a medicine may be, it will have no effect if it is not managed and administered properly. Pharmacy automation system is a very important part of medication management, i.e. getting the right amount of a drug to the right patient at the right time, which is one of the major challenges of healthcare management.

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Research report and overview on pharmacy automation system market 2014 2020

Pharmacy

Automation

System Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

2014– 2020

www.futuremarketinsights.com

Future Market Insights

[email protected]


Research report and overview on pharmacy automation system market 2014 2020

Report Description

Report Description

The pharmaceutical industry is growing at a very fast rate with the evolution of better

medication. No matter how useful a medicine may be, it will have no effect if it is not managed

and administered properly. Pharmacy automation system is a very important part of medication

management, i.e. getting the right amount of a drug to the right patient at the right time, which

is one of the major challenges of healthcare management.

With technology transforming the way everything works these days, pharmacists no longer need

to play their traditional role of product focused dispensing for variety of medicinal formulations.

Pharmacy automation systems are effective and efficient and can outperform in tasks which

require intense concentration, tedious repetition or complex record keeping procedures, thus

saving both time and money.

A pharmacy automation system is a mechanical system that performs tasks in pharmacy and

other healthcare industrial organization. Pharmacy automation systems are already being used

across the globe in the pharmaceutical sector. They can be segmented on the basis of

technology into automated medication dispensing systems, automated packaging and labelling

systems, automated medication compounding systems, storage and retrieval systems, and table

top counters. The major end use markets for pharmacy automation are in-patient pharmacy

automation, outpatient pharmacy automation, pharmacy benefit management organisations

and retail pharmacy chains. The in-patient market can be further segmented into acute care

setting and long-term care setting.


Research report and overview on pharmacy automation system market 2014 2020

Report Description

Report Description

The outpatient pharmacy automation market can be segmented into fast-track clinics and

hospital pharmacies. Pharmacy automation systems can be centralised or decentralised,

depending upon the nature of the healthcare facilities.

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178

North America accounted for the largest pharmacy automation system market share in 2013.

The presence of a high number of R&D and healthcare establishments and high penetration rate

of IT systems in pharmacies are the key factors contributing to the growth of this market

especially in advanced economies of the globe.

Asia Pacific is expected to grow at a much faster rate as compared to the developed regions of

North America and Europe by 2020. This is mostly due to increasing awareness, rapid

improvement in healthcare services and saturation in the developed markets. The global

pharmacy automation market has shown a significant growth over the past few years and is

expected to show robust growth during the forecast period.

There are various factors which drive the growth of this market like increase in life expectancy,

increase in population, expanding ageing population, increase in medical prescriptions and a

shift from centralised to decentralised pharmacies.


Research report and overview on pharmacy automation system market 2014 2020

Report Description

Report Description

Moreover the need for cost reduction, lowering of medication errors, increase in the efficiency

of work within the organisation (whether centralised or decentralised), improved productivity,

are the major reasons to encourage the development of the pharmacy automation market.

In contrast, stringent regulatory guidelines, high cost of implementation and installation, limited

budget of healthcare organisations, rising drug prices and lack of awareness of the benefits of

the automation systems in some countries are the major factors curbing the growth of

pharmacy automation.

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The global pharmacy automation market is a highly competitive market comprising of numerous

big and small players. The major players in the market are AmerisourceBergen Corporation,

Baxter International Inc. , Swisslog Holdings AG , Care Fusion Corporation , Kirby Lester LLC ,

McKesson Corporation , Omnicell Inc. , ScriptPro LLC , and Talyst Inc..


Research report and overview on pharmacy automation system market 2014 2020

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Research report and overview on pharmacy automation system market 2014 2020

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