Published by Coherent Market Insights
Posted on September 17, 2021
The growing need to reduce medication errors and the development of automated systems with enhanced features is predominantly fueling the growth of the pharmacy automation market. Pharmacy automation plays a significant role in today’s modern healthcare system as this reduces errors that can happen during manual processes. According to the National Coordinating Council for Medication Error Reporting and Prevention (NCC MERP), approximately 100 million people die annually from medical errors that occur in hospitals. Thus it is important to reduce medication error to enhance healthcare facilities and services and to ensure patient safety. Moreover, the development of technologically advanced automated systems with improved pharmacy automation systems is further anticipated to propel the growth of the pharmacy automation market.
The PDF for the study can be requested using the following link: https://www.coherentmarketinsights.com/insight/request-pdf/472
Pharmacy automation includes the mechanical procedures of preparing and dispensing medicines. Any pharmacy job can be involved, such as counting pills; mixing and measuring liquids and powders; recording patient information in medical databases, and tracking inventory online. For any pharmacy job, such as filling prescriptions or preparing samples, taking inventory, or doing laboratory tests, automated processes can greatly reduce the workload by making the entire process much more convenient and productive. This also allows for pharmacies to become much more efficient and save money on overhead and labor costs.
The global pharmacy automation market size was valued at US$ 3,601.4 million in 2020, and is expected to exhibit a CAGR of 8.1% over the forecast period (2021 – 2027).
North America is expected to dominate the global pharmacy automation market in the near future owing to the high adoption rate of pharmacy automation systems across the healthcare sector. For instance, in February 2020, Parata Systems, a provider of pharmacy automation, including vial-filling, adherence packaging, and workflow and patient experience solutions, announces the launch of a new pouch packager, the PASSTM 36.
Key Developments:
In June 2021, PHC Corporation launches the Smart Picker*1 ampoule dispensing system that helps to reduce dispensing errors and streamline pharmacist workflow for small and medium-sized hospitals in Japan
In December 2020, Swisslog Healthcare, a global supplier of integrated solutions for medication management in healthcare environments, introduced a digital representation of their Automation Academy at the American Society of Health-System Pharmacists (ASHP) Midyear Clinical Meeting
In January 2017, Armacell India shall showcase its newest product offerings; ArmaFlex® Alu E, Arma-Chek® Silver, and Arma-Chek® GC with different color options at Acrex India, Noida, and Asia Pharma Expo, Dhaka
Top Key Players Include In Pharmacy Automation Market: Becton, Dickinson and Company, McKesson Corporation, Yuyama Co., Ltd., Omnicell, Inc., ScriptPro LLC, Cerner Corporation, Capsa Healthcare, Baxter International, Inc., KUKA AG, TCGRx Pharmacy Workflow Solutions, RxSafe, LLC, ARxIUM Inc. Swisslog Holdings AG and Talyst systems LLC
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The post At CAGR of 8.1%, Pharmacy Automation Market was valued at US$ 3,601.4 million in 2021| Coherent Market Insights appeared first on Gatorledger.
The growing need to reduce medication errors and the development of automated systems with enhanced features is predominantly fueling the growth of the pharmacy automation market. Pharmacy automation plays a significant role in today’s modern healthcare system as this reduces errors that can happen during manual processes. According to the National Coordinating Council for Medication Error Reporting and Prevention (NCC MERP), approximately 100 million people die annually from medical errors that occur in hospitals. Thus it is important to reduce medication error to enhance healthcare facilities and services and to ensure patient safety. Moreover, the development of technologically advanced automated systems with improved pharmacy automation systems is further anticipated to propel the growth of the pharmacy automation market.
The PDF for the study can be requested using the following link: https://www.coherentmarketinsights.com/insight/request-pdf/472
Pharmacy automation includes the mechanical procedures of preparing and dispensing medicines. Any pharmacy job can be involved, such as counting pills; mixing and measuring liquids and powders; recording patient information in medical databases, and tracking inventory online. For any pharmacy job, such as filling prescriptions or preparing samples, taking inventory, or doing laboratory tests, automated processes can greatly reduce the workload by making the entire process much more convenient and productive. This also allows for pharmacies to become much more efficient and save money on overhead and labor costs.
The global pharmacy automation market size was valued at US$ 3,601.4 million in 2020, and is expected to exhibit a CAGR of 8.1% over the forecast period (2021 – 2027).
North America is expected to dominate the global pharmacy automation market in the near future owing to the high adoption rate of pharmacy automation systems across the healthcare sector. For instance, in February 2020, Parata Systems, a provider of pharmacy automation, including vial-filling, adherence packaging, and workflow and patient experience solutions, announces the launch of a new pouch packager, the PASSTM 36.
Key Developments:
In June 2021, PHC Corporation launches the Smart Picker*1 ampoule dispensing system that helps to reduce dispensing errors and streamline pharmacist workflow for small and medium-sized hospitals in Japan
In December 2020, Swisslog Healthcare, a global supplier of integrated solutions for medication management in healthcare environments, introduced a digital representation of their Automation Academy at the American Society of Health-System Pharmacists (ASHP) Midyear Clinical Meeting
In January 2017, Armacell India shall showcase its newest product offerings; ArmaFlex® Alu E, Arma-Chek® Silver, and Arma-Chek® GC with different color options at Acrex India, Noida, and Asia Pharma Expo, Dhaka
Top Key Players Include In Pharmacy Automation Market: Becton, Dickinson and Company, McKesson Corporation, Yuyama Co., Ltd., Omnicell, Inc., ScriptPro LLC, Cerner Corporation, Capsa Healthcare, Baxter International, Inc., KUKA AG, TCGRx Pharmacy Workflow Solutions, RxSafe, LLC, ARxIUM Inc. Swisslog Holdings AG and Talyst systems LLC
Get This premium report with Instant US$ 2000 discount @ https://www.coherentmarketinsights.com/promo/buynow/472
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
The post At CAGR of 8.1%, Pharmacy Automation Market was valued at US$ 3,601.4 million in 2021| Coherent Market Insights appeared first on Gatorledger.
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