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Home>Global Pharmacy Automation Market to 2025 - Research and Markets

Global Pharmacy Automation Market to 2025 - Research and Markets

Global Pharmacy Automation Market to 2025 - Research and Markets

09/29/2017

Global Pharmacy Automation Market to 2025 - Research and Markets

The "Global Pharmacy Automation Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2025" report has been added to Research and Markets' offering.

The pharmacy automation market is expected reach US$ 9.55 Bn by 2022, as healthcare providers and retail pharmacies are focusing to reduce incidences of medication errors and adverse drugs effects.

In addition, pharmacists are facing pressure from increasing number patients. Thus, hospital as well as retail pharmacies are installing advanced technologies to reduce medication errors. In addition, retail drug chains across the world are focusing to reduce their operating cost due to rising drug prices and reducing drug reimbursements. Advanced pharmacy automation solutions not only reduce medication errors but also help in inventory management. Automation also reduces number of staff required to manage and control pharmacy operations which reduces cost per employee for healthcare providers. All these benefits are expected spur the demand for pharmacy automation solutions through the forecast period 2017 - 2025.

We have considered automated solutions used in hospital and retail pharmacies. Hospital pharmacies accounted for the largest revenue share of 56.5% in the overall market by end use sector. This segment is expected to see a significant growth with rising installation of prescription management and medication management solutions in large and medium size hospitals across the world.

These systems are gaining popularity in the U.S., Europe and Asia Pacific with shifting trend towards patient centric pharmacy systems from product centric pharmacy systems. Retail pharmacy segment is expected to be the fastest growing end use segment for pharmacy automation solutions. Retails pharmacists are focusing to cost per prescription in order to reduce their fixed costs. This is increasing the demand for central prescription filling systems (central prescription dispensing systems) from retail segment. Hospitals are looking for hybrid solutions in which provide benefits of both centralized as well as decentralized systems. However, retail pharmacists are installing centralized automation solutions.

Key Topics Covered:

Chapter 1 Preface

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