Pharmacy Automation Devices Market Revenue Sales to Reach USD 8.99 Billion by 2020: Grand View Research Inc. by sonali_86 · November 28 D'Angelo Russell Youth Jersey , 2018
San Francisco, 28 November 2018:聽Pharmacy automation involves automation and mechanization of tasks that include distribution and handling medication processes carried out in heath care centers and specialty pharmacy centers. The global聽pharmacy automation devices industry聽is projected to grow at a CAGR of 7.3% from 2014 to 2020 and reach over USD 8.99 billion.
Automation systems such as packaging and labeling systems, medication dispensing system, storage and retrieval systems, table-top counters and compounding systems are employed in order improve the efficacy of regular jobs within pharmacies. The market is expected to grow owing to features including system integration that increases productivity and time to clinicians for patient care Jeremy Lin Womens Jersey , thereby lowering medication errors.
Rising demand for pharmaceutical products, progressively growing technology and demand for precise robotic equipment & tools to perform operations at a faster rate are expected to be the key factors for market growth. Untapped growth opportunities in countries such as Brazil, China, and India coupled with escalating demand for automation in pharmacy and healthcare operations is expected to drive growth over the forecast period.
The market was dominated by automated medication dispensing systems in 2013. It accounted for a share of over 47.8% owing to growing demand for accurate medication dispensing systems. Automated dispensing systems have the ability to reduce significantly error rates and the ability to dispense hands-free. They provide storage, recording of medication D'Angelo Russell Womens Jersey , distribution to resident care and computer controlled dispensation.
Access Research Report of Pharmacy Automation Devices Market @聽 Automated compounding systems are anticipated to grow rapidly at a CAGR of 8.4% from 2014 to 2020 owing to an increasing demand for mixing of medication and substantial decrease in total time to complete a dose.
The existence of IT healthcare systems and high rate of penetration in healthcare and pharmaceutical units resulted in North America occupying the largest regional market in 2013. It accounted for about 54.8% of the market revenue. Increasing healthcare overheads and R&D relevant to pharmacy automation devices are few factors responsible for its market share.
Asia Pacific is likely to grow at a CAGR of over 9.0% during the forecast period and is the most lucrative regional markets majorly due to improving healthcare infrastructure in emerging economies of China and India. Easy access available to new entrants including multinational pharmaceutical companies and distributors in this region coupled with the introduction of healthcare reforms in these countries is expected to drive market growth.
Browse more reports of this category by Grand View Research at:聽 Key industry players include AmerisourceBergen Corporation, CareFusion Corporation, Accu-Chart Healthcare, ForHealth Technologies, GSE Scale Systems Cheap Jeremy Lin Jersey , Fulcrum Inc,McKesson Corporation, Innovation PharmaAssist Robotics, Pearson Medical Technologies, Health Robotics SRL Cheap D'Angelo Russell Jersey , Kirby Lester, MedDispence, Pyxis Pharmacy Automation Systems, Medacist, MTS Medication Technologies Jeremy Lin Jersey , OmnicellInc, Cerner Corporation, Rice Lake Weighing Systems, Baxter International Inc., Aesynt Inc. D'Angelo Russell Jersey , ScriptPro LLC, Parat Systems Pharmacy Automation, Yuyama Co. Ltd, Swisslog Holding Ltd,Talyst Inc. and ScriptPro LLC.
Grand View Research has segmented the pharmacy automation devices market on the basis of application Cheap Brooklyn Nets Jerseys , end-use and region:
Pharmacy Automation Devices Application Outlook
Automated Medication Dispensing Systems Automated Packaging And Labeling Systems Automated Storage And Retrieval Systems Automated Medication Compounding Systems Table Top Tablet Counters Pharmacy Automation Devices End-use Outlook
Hospital Pharmacy Retail Pharmacy Pharmacy Automation Devices Regional Outlook
North America Europe Asia Pacific RoW Access Press Release of Pharmacy Automation Devices Market@聽 About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The聽company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions Allen Crabbe Jersey , we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information:聽
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