Global Pharmacy Automation Systems (Medication Dispensing Systems, Packaging and Labeling Systems, Table-top Counters) Market - Forecasts & Trends to 2019
26 Sep, 2014, 13:34 BST
DUBLIN, Sept. 26, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Pharmacy Automation Systems Market by product type & by End-user - Global Forecasts & Trends to 2019" report to their offering.
This report studies and analyzes the pharmacy automation systems market by product and end user. The market by product includes pharmacy automation systems such as automated medication dispensing systems, automated packaging and labeling systems, automated medication compounding systems, storage and retrieval systems, table-top counters, and other systems; whereas, the market by end user comprises inpatient pharmacy automation, outpatient pharmacy automation, retail pharmacy chains, and pharmacy benefit management organizations and other mail-order settings.
The pharmacy automation market is expected to reach $4,566.2 million by 2019 from $3,165.9 million in 2014, growing at a CAGR of 7.6% during the forecast period. Factors such as the increase in the number of drug prescriptions at the pharmacies which increase the adoption of automated systems for the efficient workflow, rise in the healthcare expenditure, and the need for reduction in the medication errors propel the growth of this market. However, the shrinking budgets, higher costs associated with implementation of pharmacy automation systems, and severe regulations delaying the product launch in certain countries can hamper the growth of this market.
The report analyzes the pharmacy automation systems market into four geographies, namely, North America, Europe, Asia-Pacific, and RoW. North America accounted for the largest share in the global pharmacy automation systems market followed by Europe, APAC, and RoW. However, developed regions such as North America and Europe are expected to grow at a slower pace during the forecast period, due to saturation of these markets. On the other hand, the Asian region is anticipated to grow at a faster pace due to increasing awareness and adoption of technologies that boost the demand for pharmacy automation systems in this region.
The prominent players in the pharmacy automation systems market are Baxter International Inc. (U.S.), CareFusion Corporation (U.S.), Cerner Corporation (U.S.), Kirby Lester LLC (U.S.), McKesson Corporation (U.S.), Omnicell Inc. (U.S.), ScriptPro LLC (U.S.), Swisslog Holdings AG (Switzerland), and Talyst Inc. (U.S.)
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering greater market shares. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for increasing their market shares.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the pharmacy automation systems market. The report analyzes the pharmacy automation systems market by product, end user, and geography
- Product Development/ Innovation: Detailed insights on the upcoming trends, research and development activities, and new product launches in the pharmacy automation systems market
- Market Development: Comprehensive information about the lucrative emerging markets by product by end-user, and geography
- Market Diversification: Exhaustive information about new products, growing geographies, recent developments, and investments in the pharmacy automation systems market
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Market Overview
4 Global Pharmacy Automation Systems Market, By Product
5 Global Pharmacy Automation Systems Market, By End-Users
6 Global Pharmacy Automation Systems Market, By Geography
7 Competitive Landscape
8 Company Profiles
9 Appendix
Companies Mentioned:
- Baxter International Inc.
- Carefusion Corporation
- Cerner Corporation
- Kirby Lester
- Mckesson Corporation
- Omnicell, Inc.
- Parata Systems Llc
- Scriptpro Llc
- Swisslog Holding Ag
- Talyst, Inc.
For more information visit http://www.researchandmarkets.com/research/2ms287/pharmacy
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
SOURCE Research and Markets