Pune, India -- (SBWire) -- 08/21/2018 --North America to remain influential in pharmacy automation system market throughout 2018-2024
North America held the largest market share in 2017 while Europe is the second largest market for pharmacy automation system market. North America has the highest market share and is expected to remain influential throughout the forecast period, owing to heavy investments done in pharmacy automation in order to minimize the medication errors. Errors in medication prescription dispensing was a leading cause of death in North America after cancer, heart attack and stroke. Asia pacific is expected to grow at the highest CAGR on account of rising awareness and investment in healthcare infrastructure.
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Adoption of pharmacy automation system to increase the productivity and efficiency of the pharmacy
Use of pharmacy automation system helps in improving efficiency and productivity of the pharmacy is a primary driver for the pharmacy automation system market. Productivity and efficiency of the pharmacy is improved though the help of various pharmacy automation such as medication dispensing cabinets, packaging & labeling machines, IV pharmacy, robotic dispensing machines, carousel storage and tablet splitters. The implementation of this systems helps in minimizing the medication errors as well as reduces drug wastage and medication cost, minimizes time consuming labor and improving work and enhances patient's experiences. Beside this, rush in pharmacy centers, reduce inventory and space saving design of the machine are also some of the factors leading to increase demand for pharmacy automation systems.
Developing new automation solutions for pharmacies to create lucrative opportunities
Continually developing new solutions according to the requirements to aid pharmacies in increasing throughput while improving accuracy and controls in a very cost-conscious pharmacy market. This customization services provided by the automation companies can create a demand for pharmacy automation systems in near future. Besides this automation system in pharmacy is only limited to develop countries, developing such automation system in emerging countries can further create growth opportunities in near future.
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Expansion into new regions is the major focus of leading players of the pharmacy automation system manufacturers.
Some of the prominent players catering into this market includes McKesson Corporation, Panasonic corporation, AmerisourceBergen Corporation, Health Robotics SRL, CareFusion Corporation, Cerner Corporation, Omnicell Inc, Kirby Lester, Baxter International Inc., ScriptPro LLC and Yuyama Co., Ltd. These companies are continuously looking for expansion strategies to boost the company's revenue. Also these companies are looking forward to offer more customized solutions in order to gain competitive advantage among its peer.
The Leading Companies Identified In the Market as:
The report provides profiles of the companies in the global pharmacy automation systems market such as, McKesson Corporation, AmerisourceBergen Corporation, Health Robotics SRL, CareFusion Corporation, Cerner Corporation, Omnicell Inc, Kirby Lester, Baxter International Inc., ScriptPro LLC and Yuyama Co., Ltd.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global pharmacy automation systems market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pharmacy automation systems market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the pharmacy automation systems market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the pharmacy automation systems market to understand the present and future trends in this market and formulate their strategies accordingly.
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Pharmacy Automation Systems Market Updates 2018 Key Players – McKesson Corporation, AmerisourceBergen Corporation, Health Robotics SRL, CareFusion Corporation
Infinium Global Research added Latest Research Report titled “Pharmacy Automation Systems Market by Manufacturers, Regions, Product Type and Application, Forecast to 2024” to its Large Report database.