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Increasing incidence of deaths and injuries due to medication prescription error is consistently putting pressure on healthcare providers and pharmacists to deploy more effective technologies. Also, the medication distribution system is becoming more and more complex with the rising number of patient visits along with the pressure of ensuring their safety needs.Read More: http://www.transparencymarketresearch.com/pharmacy-automation-systems.html

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Pharmacy automation systems market technologies trends and benefits

Transparency Market

Research

Pharmacy Automation Systems Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast, 2012 - 2018

Published Date

20-Mar-2013

96 Page Report

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Press Release

Rising Investment in Pharmacy Automation Systems in Developed

Regions to Drive Market to US$7.8 bn by 2018

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Pharmacy automation systems market technologies trends and benefits

Pharmacy Automation Systems Market

REPORT DESCRIPTION

Increasing incidence of deaths and injuries due to medication prescription error is consistently putting pressure

on healthcare providers and pharmacists to deploy more effective technologies. Also, the medication distribution

system is becoming more and more complex with the rising number of patient visits along with the pressure of

ensuring their safety needs. Advanced automated technologies and solutions are emerging as the most effective

tools to reduce medication errors and improve patient safety. Installing automated systems also helps pharmacists

and healthcare providers to lower pharmacy costs.

Browse Full Report with TOC: http://www.transparencymarketresearch.com/pharmacy-automation-

systems.html

Automation is available for functions such as tablet counting, compound preparation, prescription management,

medication packaging, dispensing and inventory management. The full benefits of each system may be realized

when several technologies are integrated together. The pharmacy automation market is expected to grow due to

mounting pressure to reduce medication errors, increasing number of doses given to patients, escalating healthcare

expenditure and time efficiency provided by these technologies. The demand for these technologies is also

expected to increase with reducing medical reimbursement and rising drug prices which are predicted to put

pressure on healthcare providers to reduce their overall pharmacy costs. Stringent government regulations

regarding packaging, labeling and drug compounding are also accelerating the demand for automated packaging

and labeling and compounding technologies. However, high cost of implementation is the major challenge for

the growth of these technologies. Vendors will find large opportunity in this market by developing cost effective

technologies for small and mid-sized hospitals and pharmacies.

Error in medication prescription dispensing is a leading cause of death in North America after cancer, heart and

strokes. About 10,000 people die per year in Canada and around 100,000 deaths and more than two million

injuries are estimated in the U.S due to medication errors. Medication errors also increase the cost for healthcare

providers and patients. It is found that about 70% of these medication errors are preventable and healthcare

providers along with pharmacists in these regions are investing in automated technologies which enable them to

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Pharmacy automation systems market technologies trends and benefits

Pharmacy Automation Systems Market

reduce these errors and improve patient safety. North America is the largest regional market for pharmacy

automation systems followed by Europe and is expected to maintain its position through the forecast period from

2012 to 2018. In developed markets such as Canada, the U.S and EU5 countries, there is a large potential for

replacement market as healthcare providers in these countries are striving for advanced technologies to replace

existing pharmacy automation. ”Rest of The World” region represents the fastest growing region in this market

and the demand for these technologies is expected to increase with rising awareness and investment in healthcare

infrastructure in Middle-East.

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The pharmacy automation systems industry is quite fragmented and competition varies from segment to segment.

Hospitals and retail pharmacies are two major end users. CareFusion Corp currently dominates the hospital

automation sector and ScriptPro is predicted to lead in the retail pharmacy sector. Some other key players in this

market are AmerisourceBergen Corp, Omnicell Inc, McKesson Corp, Kirby Lester and Parata System Inc.

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automation-systems.htm

TABLE OF CONTENT

Chapter 1 Preface

1.1 Report description

1.2 Pharmacy automation systems: market segmentation

1.3 Research methodology

1.3.1 Sources

1.4 Assumptions

Chapter 2 Executive summary

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Pharmacy automation systems market technologies trends and benefits

Pharmacy Automation Systems Market

Chapter 3 Pharmacy automation market analysis

3.1 Current market trends and future outlook

3.1.1 Benefits of pharmacy automation technologies

3.2 Role of IT applications in pharmacy automation

3.2.1 Clinical decision support system (CDSS)

3.2.2 Computerized physician order entry (CPOE)

3.2.3 E-prescribing

3.2.4 Electronic health record (EHR)

3.2.5 Interactive voice response (IVR)

3.3 Trends of IT applications in pharmacy automation

3.4 Market drivers

3.4.1 Increasing number of medication error deaths

3.4.2 Increasing drug prices and reducing reimbursement will increase the demand for drug dispensing systems

to control pharmacy cost

3.4.3 Increasing awareness about benefits of automated systems among healthcare providers and pharmacists

3.4.4 Increasing per capita healthcare expenditure

3.5 Market restraints

3.5.1 High cost of implementation

3.5.2 Lack of awareness about benefits of pharmacy automation technologies

3.6 Market opportunities

3.6.1 Huge market opportunity in emerging market segments

3.6.2 Large market potential in replacement market

3.7 Market attractiveness

3.8 Porters five forces analysis for pharmacy automation technologies

3.8.1 Bargaining power of suppliers – Moderate to Moderate

3.8.2 Bargaining power of buyers – Moderate to Moderate

3.8.3 Threats from substitutes – Low to Low

3.8.4 Threat from new entrants - Low - Low

3.8.5 Degree of rivalry - High to High

Chapter 4 Pharmacy automation market analysis by application, 2012 – 2018

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Pharmacy automation systems market technologies trends and benefits

Pharmacy Automation Systems Market

4.1 Market overview

4.1.1 Automated medication dispensing

4.1.1.1 Intorduction

4.1.1.2 Market trends and outlook

4.1.1.3 Market size and forecast

4.1.2 Automated packaging and labeling

4.1.2.1 Intorduction

4.1.2.2 Market trends and outlook

4.1.2.3 Market size and forecast

4.1.3 Automated storage and retrieval systems

4.1.3.1 Intorduction

4.1.3.2 Market trends and outlook

4.1.3.3 Market size and forecast

4.1.4 Automated compounding devices

4.1.4.1 Intorduction

4.1.4.2 Market trends and outlook

4.1.4.3 Market size and forecast

4.1.5 Table-top tablet counter

4.1.5.1 Intorduction

4.1.5.2 Market trends and outlook

4.1.5.3 Market size and forecast

Chapter 5 Pharmacy automation market analysis, by end users, 2012 – 2018

5.1 Market overview

5.1.1 Automation in hospital pharmacy

5.1.1.1 Intorduction

5.1.1.2 Market trends and outlook

5.1.1.3 Market size and forecast

5.1.2 Retail Pharmacy

5.1.2.1 Intorduction

5.1.2.2 Market trends and outlook

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Pharmacy automation systems market technologies trends and benefits

Pharmacy Automation Systems Market

5.1.2.3 Market size and forecast

Chapter 6 Pharmacy automation market analysis, by geography, 2012 - 2018

6.1 Market overview

6.1.1 North America

6.1.1.1 Intorduction

6.1.1.2 Market trends and outlook

6.1.1.3 Market size and forecast

6.1.2 Europe

6.1.2.1 Intorduction

6.1.2.2 Market trends and outlook

6.1.2.3 Market size and forecast

6.1.3 Asia-Pacific

6.1.3.1 Intorduction

6.1.3.2 Market trends and outlook

6.1.3.3 Market size and forecast

6.1.4 Rest of the World

6.1.4.1 Intorduction

6.1.4.2 Market trends and outlook

6.1.4.3 Market size and forecast

Chapter 7 Key competitors analysis

7.1.1 Pharmacy automation market share analysis, 2011

Chapter 8 Company profile analysis

8.1 AmerisourceBergen Corporation

8.1.1 Business overview

8.1.2 Financial overview

8.1.3 Business strategies

8.1.4 Recent developments

8.2 McKesson Corporation

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Pharmacy automation systems market technologies trends and benefits

Pharmacy Automation Systems Market

8.2.1 Business overview

8.2.2 Financial overview

8.2.3 Business strategies

8.2.4 Recent developments

8.3 CareFusion Corporation

8.3.1 Business overview

8.3.2 Financial overview

8.3.3 Business strategies

8.3.4 Recent developments

8.4 Health Robotics SRL

8.4.1 Business overview

8.4.2 Financial overview

8.4.3 Business Strategies

8.4.4 Recent developments

8.5 Cerner Corporation

8.5.1 Business overview

8.5.2 Financial overview

8.5.3 Business strategies

8.5.4 Recent developments

8.6 Kirby Lester

8.6.1 Business overview

8.6.2 Financial overview

8.6.3 Business strategies

8.6.4 Recent developments

8.7 Omnicell Inc

8.7.1 Business overview

8.7.2 Financial overview

8.7.3 Business strategies

8.7.4 Recent developments

8.8 Baxter International Inc.

8.8.1 Business overview

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Pharmacy automation systems market technologies trends and benefits

Pharmacy Automation Systems Market

8.8.2 Financial overview

8.8.3 Business strategies

8.8.4 Recent developments

8.9 ScriptPro LLC

8.9.1 Business overview

8.9.2 Financial overview

8.9.3 Business strategies

8.9.4 Recent developments

8.10 Swisslog Holding Ltd

8.10.1 Business overview

8.10.2 Financial overview

8.10.3 Business strategies

8.10.4 Recent developments

8.11 Yuyama Co., Ltd

8.11.1 Business overview

8.11.2 Financial overview

8.11.3 Business strategies

8.12 Talyst Inc

8.12.1 Business overview

8.12.2 Financial overview

8.12.3 Business strategies

8.12.4 Recent developments

About Us

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and

consulting services. TMR’s global and regional market intelligence coverage includes industries such as

pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among

others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts,

competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Pharmacy automation systems market technologies trends and benefits

Pharmacy Automation Systems Market

Contact

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