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Automated Pharmacy Dispensing Systems Market
The global automated pharmacy dispensing systems market is estimated to value over US$ 2.5 billion by the end of 2026 and grow at a CAGR of over 7.5% during the forecast period of 2019-2026.
Automated dispensing system is a dispensing device and electronic drug storage that's mainly used in health care settings. These systems deliver easy to operate computer-controlled storage, tracking of medicine and dispensing. Automated pharmacy dispensing systems have been rated as one of the potential instruments to improve patient safety.
They have been widely used in intensive care unit (ICU), critical care unit (CCU) and in nursing homes. Automated dispensing systems provide a balance between inventory management, control of medications, user-friendliness and security. These are the features which drive the market. The involvements of artificial intelligence and robotics into dispensing systems have led to a quick evolution of the automated process. Automated dispensing systems provide real-time data for better management of the dispensing process. It can dispense up to 30%-60% of prescriptions daily and increases operation efficiency, reduce dispensing costs, optimize drug inventory and enhance patient care. This drove a reduction in pharmacy errors and improved the workflow. The growing incidences of chronic diseases have commenced further demand in the market. Government initiatives to fuse automated dispensing machines in healthcare settings alongside technological advancements and innovations are the vast factors driving the growth of the market. However, the unwillingness to adopt Pharmacy Automation Systems in developing has prevented the growth of the market.
The global market is influenced by developed economies like Europe and North America. North America holds a vast share in the global market due to the high adoption of technologies in healthcare systems. It is followed by the Europe market due to the quick integration of the technologies. The Asia Pacific is a fast-growing region because of increasing adoption during the forecast period. It is expected to witness a new player's entry due to increasing opportunities. It is Latin America and Rest of World accounts a small restraint of the global market due to highly untapped market because of low adoption.
Automated Pharmacy Dispensing Systems market players include ScriptPro LLC, McKesson Corporation, Swisslog Holding Ltd., Omnicell, ARxIUM, Care Fusion Corporation, AmerisourceBergen Corporation, and others
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Automated Pharmacy Dispensing Systems market players include ScriptPro LLC, McKesson Corporation, Swisslog Holding Ltd., Omnicell, ARxIUM, Care Fusion Corporation, AmerisourceBergen Corporation, and others.
Automated Pharmacy Dispensing Systems Restrains
> Unwillingness to adopt Pharmacy Automation Systems
Automated Pharmacy Dispensing Systems Market Segmentation
> Centralized Automated Dispensing Systems
> Decentralized Automated Dispensing Systems
By End User
> Outpatient Centres
> Medical Institutes
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> North America
> Latin America
> Asia Pacific
> Rest of the World
> Tier 1 players- established companies in the market with a major market share
> Tier 2 players
> Emerging players which are growing rapidly
> New Entrants
FutureWise Key Takeaways
> Growth Aspects
> SWOT analysis
> Key Trends
> Key data-points affecting market growth
Objectives of the Study:
> To provide with an exhaustive analysis on the Global Automated Pharmacy Dispensing Systems Market by Systems, by End User, and by Region
> To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
> To evaluate and forecast micro-markets and the overall market
> To predict the market size, in key regions (along with countries)?North America, Europe, Asia Pacific, Latin America, and the Middle East
> To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
> Profiling of companies to evaluate their market shares, strategies, financial and core competencies
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We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry - a position secured for far more than the near future.
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