Pharmacy Automation Systems Market: 2021 Industry Size, Share, Uses, Price, Trends, Growth 2017-2027
May 11, 2021
Pharmacy Automation Systems Market: Inventory Management Expected to be the Second Most Lucrative Application Segment: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027
Dubai, United Arab Emirates - May 10, 2021 /MarketersMedia/ —
Future Market Insights delivers key insights and presents a revised forecast of the global pharmacy automation systems market for a 10 year period from 2017 to 2027 in the report titled “Pharmacy Automation Systems Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027.” The revision in the market size and forecasts have been carried out taking into account the impact of various macroeconomic indicators and other industry-based demand-driving factors, as well as the recent developments of key market participants. The global pharmacy automation systems market is projected to expand at a healthy CAGR of 6.3% in terms of value during the forecast period, revised from the previous CAGR of 6.7%, due to factors such as adoption of automatic dispensing cabinets and other product types across the globe, regarding which FMI offers useful insights in detail in this report.
To Get Sample Copy of Report Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5079
Segmental Forecast
The market has been segmented based on product type, application, end user and regions. Based on product type, the market is segmented into medication dispensing cabinets or automated dispensing cabinets, packaging and labelling systems, IV pharmacy (automated drug compounding), robotic dispensing systems, carousal storage systems and tablet splitters. Automated dispensing cabinets are expected to grow at the fastest CAGR due to increase in the usage of these systems for decentralised pharmacies and point of care settings. The segment is expected to register a CAGR of 7.4% during the forecast period. However exorbitant costs for the implementation of pharmacy automation systems is expected to adversely affect demand for these systems in the near future.
To provide deeper insight into the pattern of demand for pharmacy automation systems, the market has been segmented based on the application of these systems such as drug dispensing & packaging, drug storage and inventory management. The inventory management application segment is expected to expand at the highest CAGR of 7.6% over the forecast period due to increasing demand for these systems to track and maintain inventory levels in pharmacies.
To analyse the sales of pharmacy automation systems further, the market has been segmented based on end users such as hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies and pharmaceutical SMEs. Pharmaceutical SMEs is expected to present the highest demand for pharmacy automation systems over the forecast period, registering a CAGR of 7.8% and this is attributed to gradual increase in the number of SMEs or companies maintaining centralized pharmacies.
A key trend in the pharmacy automation systems market is the increasing usage of RFID enabled automated dispensing cabinets. Also, key players in this market are increasingly working on big data and analytics solutions to provide useful and valuable insights to their clients.
For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-5079
This report assesses the trends driving growth of each segment at the global as well as regional levels, and offers potential takeaways that could prove substantially useful to pharmacy automation systems companies looking to enter the global market. It also provides insights into different factors for vendor selection criteria that might be useful for companies to make strategic decisions regarding their marketing plans. North America dominated the pharmacy automation systems market with maximum value share in 2016. North America and Western Europe collectively accounted for more than 80% of the total pharmacy automation systems market share in terms of value in 2016. Among emerging markets, Asia Pacific excluding Japan is estimated to exhibit the highest CAGR of 7.8% over the forecast period, due to increase in the need for automation solutions to better manage crowds in hospitals and retail pharmacies.
Key Players
Some key players in the global pharmacy automation systems market identified in the report include Baxter International Inc., Swisslog Holdings AG, Care Fusion Corporation, Cerner Corporation, Kirby Lester LLC, Omnicell Inc. etc. We have discussed individual strategies of these companies in terms of enhancing the product portfolio, distribution partnerships, market consolidation and advanced R&D initiatives. In addition to this the report also provides company share and a competitive dashboard for players already present in the market.
More from FMI’s Healthcare, Pharmaceuticals and Medical Devices:
Contact Info:
Name: Abhishek Budholiya
Email: Send Email
Organization: Future Market Insights
Website: https://www.futuremarketinsights.com/reports/pharmacy-automation-systems-market-092017
Source: MarketersMedia
Release ID: 89012950
More News
Blumenthal says Lutnick ‘must go’ following Nvidia scandal
Democratic Sen. Richard Blumenthal (Conn.) called on Howard Lutnick, President Trump’s Commerce secretary, to step down over reports the cabinet member shielded Nvidia from federal oversight — accusations which emerged after the tech giant's CEO resigned this week. Jensen Huang stepped down from Nvidia's chief role Thursday after claims came to light of his reported...
Trump says he's working with bipartisan senators on film industry legislation
President Trump announced plans to pursue legislation to boost the U.S. film industry alongside a group of Republican and Democratic senators, a show of bipartisanship as his party prepares to hand over both chambers of Congress in January. The president said Friday he will cooperate on the legislation with Democratic Sens. Adam Schiff (Calif.), Raphael...
More than 5000 US flights grounded following nationwide stoppage
More than 5000 US flights have been cancelled as the Trump administration suggests a contractor could be to blame for the crippling national ground stop.
Man found dead on street in suspected stabbing
An investigation is under way after a man was found dead on a Melbourne street after being stabbed.
Could a picture that never existed still change someone's life?
As AI reshapes our lives, who is responsible for the harm it can cause — and who gets to shape its future?
Community rallies to stop closure of long-standing Brisbane daycare centre
Families said they were left scrambling to find places for their children in 2027 after they were told the Acacia Ridge centre would shut by Christmas.
Community rallies to stop closure of long-standing Brisbane daycare centre
Families said they were left scrambling to find places for their children in 2027 after they were told the Acacia Ridge centre would shut by Christmas.
How a Canberra mum survived cancer when working meant risking her life
Treatment costs force people with cancer to make hard choices.
'We are stuck': Danielle, 9, and her family have been left housebound
Families like Danielle's are burnt out and desperate.
'I'll be back tomorrow': family terrorised by brazen youth shoplifters
Tuggeranong family says groups of youth are targeting their business.
A comedian, his sister and their mum walk into a bar ... Not really. But what they did was inspirational
Canberra's Ecks keen to bring new project to their old schools.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.