Pharmacy Automation Market Report Scope and Research Methodology
This detailed report offers a comprehensive analysis of the Global Pharmacy Automation Market, providing insights into market dynamics, growth drivers, and key players. It covers various aspects including market segmentation based on sources, end-users, and regional trends.
The report employs a rigorous research methodology combining qualitative and quantitative analyses. It includes an in-depth examination of market dynamics, demand-supply patterns, and the impact of key factors.
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Pharmacy Automation Market size was valued at USD 6.39 Bn. in 2022 and the total Pharmacy Automation revenue is expected to grow by 8.5 % from 2023 to 2029, reaching nearly USD 9.92 Bn.
What are Pharmacy Automation Market Dynamics?
Market Dynamics: The global demand for Pharmacy Automation , particularly in the energy sector, is a key driver of market growth. Applications like Microbial Enhanced Oil Recovery (MEOR) and biodiesel production from microalgae are expected to significantly contribute to the market.
Market Opportunity: Pharmacy Automation ingredients are increasingly being used in cosmetics, providing unique solutions to beauty concerns. Marine microorganisms and their enzymes offer distinct advantages, making them valuable components in various cosmetic products.
Market Restraints: Stringent government regulations, high discovery costs, and technical barriers in the discovery process are identified as potential constraints for market growth.
What is Pharmacy Automation Market Segmentation?
Based on the product, The industry was dominated by the pharmaceutical dispensing system sector in 2022, which accounted for more than 24.5% of worldwide sales. The large share can be ascribed to the systems’ increased safety and precision in medicine distribution, which has led to fewer cases of patients receiving the wrong prescriptions. Additionally, it helps with efficient inventory management and lowers expenses by controlling storage. Patients are given the incorrect prescriptions, which not only puts their health in peril but also has serious financial ramifications. A research that was recently published in StatPearls estimates that drug mistakes cause over 9,000 fatalities annually and cost more than USD 40 billion in patient management each year.
according to the end-use, Based on end users, the sector has been further split into hospital and retail pharmacies. The end-use segment of the worldwide industry with the biggest proportion belonged to retail pharmacies. The sector has a 53.4% market share in 2022. This is a result of a rise of retail pharmacies across a number of nations. On several levels, automation in retail pharmacies is revolutionising cost reduction. The OECD library reports that pharmacies have become more prevalent in all OECD nations. From 2000 to 2019, Japan has the greatest density due to greater government initiatives.
• Medication Dispensing Systems
o Robots/Robotic Automated Dispensing Systems
o Automated Dispensing Cabinets
• Packaging And Labeling Systems
• Storage And Retrieval Systems
• Automated Medication Compounding Systems
• Tabletop Tablet Counters
by Automation Mode
• Semi – Automatic
• Retail Pharmacy
• Inpatient Pharmacies
• Outpatient Pharmacies
• Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
Who are Pharmacy Automation Market Key Players?
• Amerisource Bergen Corp.
• Accu Chart Plus Healthcare Systems, Inc.
• Omnicell, Inc.
• McKesson Co.
• Pearson Medical Technologies LLC
• Baxter International, Inc.
• Talyst LLC
• ScriptPro LLC
• Becton Dickinson & Company
• Kirby Lester
• Cerner Corp.
• TouchPoint Medical
• Deenova SRL
• Parata Systems
• Swisslog Healthcare
• Capsa Healthcare
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Table of content for the Pharmacy Automation Market includes:
Part 01: Executive Summary
Part 02: Scope of the Pharmacy Automation Market Report
Part 03: Global Pharmacy Automation Market Landscape
Part 04: Global Pharmacy Automation Market Sizing
Part 05: Global Pharmacy Automation Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Europe led the market in 2022, accounting for 38% of the share. The region’s strong focus on research and development, coupled with a growing demand for natural products, is driving market growth. Additionally, the healthcare industry’s rapid expansion and increasing demand for marine products contribute to the market’s strength.
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by Product
Competitive Landscape – Profiles of selected key players by region from a strategic
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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