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Global Pharmacy Automation Market 2021 is expected to register a CAGR of 8%, during forecast period with Impact of Covid 19 Analysis

Pharmacy

Global “Pharmacy Automation Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Pharmacy Automation in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Pharmacy Automation Market report categorizes the market based on manufacturers, regions, type, and application. Pharmacy Automation Market reports offer a detailed assessment of the Pharmacy Automation including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Pharmacy Automation market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The Global Pharmacy Automation Market is expected to register a CAGR of nearly 8% during 2018-2023 (the forecast period). Pharmacy Automation includes Centralized or Decentralized automated dispensing, packing, labeling and other systems that help to reduce dispensing errors and improve workflow efficiency of hospital nursing staff and pharmacies.

Rising Geriatric Population

As per the data from World Population Prospects: the 2017 Revision, the number of older people, those aged 60 years or over, is expected to increase more than double by the year 2050 and to become more than triple by 2100, rising from 962 million globally in 2017 to 2.1 billion in 2050 and 3.1 billion in 2100. Globally, the population aged 60 or over is growing faster than all the younger age groups. The population who are aged 60 or above is growing at a rate of approximately 3% per year. Currently, Europe has the greatest percentage of the population aged 60 or over (nearly 25% of the overall geriatric population). And the rapid aging will occur in other parts of the world as well, by 2050, all regions of the world except Africa will have nearly a quarter or more of their populations at ages 60 and above. The global increase in the number of geriatrics will lead to greater incidences of chronic and life-threatening diseases and high volume of dispensing medications. To serve the increasing demand hospitals and pharmacies are adopting new pharmacy automation technologies to reduce their operating costs and improve patient safety. All the above factors are expected to contribute to the growth of Pharmacy Automation market in the forecast period. Other factors which are driving the Pharmacy Automation Market growth are growing need to minimize medication errors and decentralization of pharmacies.

Reluctance to Adopt Pharmacy Automation Systems

Hospitals and pharmacy chains have a huge upfront investment cost compared to the traditional manual dispensing systems. In developing countries, there is reluctance and adoption of pharmacy automation systems such as drug dispensing, packaging and labeling systems as it is not among their top priority. Pharmacy Automation devices such as simple tabletop counting devices can cost up to USD 15,000.00, and some devices that have automated workflow modules, with built?in scan? verification software and based on the functionality they cost from USD 8,000.00 to USD100,000.00. The above factors may hinder the growth of Pharmacy Automation market in the forecast period

The US Lead the Market in the North America Region

As per Johns Hopkins study, every year more than 250,000 people die in the United States due to medication error and is one of the leading cause of death in the US. Most medication errors occur during prescribing and dispensing. In the United States, the use of automated medication dispensing systems and cabinets is increasing as it reduced dispensing errors, improved inventory stock management, drug traceability and dispensing speed.

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The global Pharmacy Automation market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Pharmacy Automation Market Report covers the Top Key-players in 2021:-

  • Arxium
  • Inc.
  • Baxter International Inc.
  • Becton
  • Dickinson
  • and Company
  • Capsa Healthcare
  • Cerner Corporation
  • Kuka Aktiengesellschaft
  • Omnicell
  • Inc.
  • Parata Systems LLC
  • Rxsafe
  • LLC
  • and Scriptpro LLC
  • among others.

Highlighted points of Pharmacy Automation Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Pharmacy Automation Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Pharmacy Automation? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Pharmacy Automation Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Pharmacy Automation Market? What Was Capacity, Production Value, Cost and PROFIT of Pharmacy Automation Market?
  • What Is Current Market Status of Pharmacy Automation Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Pharmacy Automation Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Pharmacy Automation Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Pharmacy Automation Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Pharmacy Automation Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Pharmacy Automation Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Pharmacy Automation Industry?

Key Developments in the Pharmacy Automation Market: in the Pharmacy Automation Market
Mar 2018: Centrus Health and Cerner collaborated to deliver value-based and innovative population healthcare in Kansas City.

Reasons to Purchase the Pharmacy Automation Market Report

  • Current and future Global Pharmacy Automation Market outlook in the developed and emerging markets
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Pharmacy Automation Market 2021 describes the Pharmacy Automation industry expansion game plan, the Pharmacy Automation industry knowledge supply, appendix, analysis findings, and the conclusion.

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