City of Industry, CA -- (SBWIRE) -- 06/28/2018 -- This report studies the global Pharmacy Automation Device market status and forecast, categorizes the global Pharmacy Automation Device market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

Pharmacy automation involves the mechanical processes of handling and distributing medications. Any pharmacy task may be involved, including counting small objects (e.g., tablets, capsules); measuring and mixing powders and liquids for compounding; tracking and updating customer information in databases (e.g., personally identifiable information (PII), medical history, drug interaction risk detection); and inventory management.

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The increasing demand for Pharmacy Automation Device drives the market. Technological innovations, improvement in medical services accessibility, growing aging population and rising labor cost at pharmacies are main factors contributing to the growth of market. In order to improve productivity and efficiency, automated medication dispensing systems are more adopted in large sized hospitals. Other factors are rising awareness about pharmacy automation, increasing personal disposable income of customer in the emerging nations and rapid population growth. Yet the market faces some challenges which are obstructing the growth of the market. Some of the major challenges faced by the market are high cost of implementation and installation, intense competition among vendors, stringent government regulations etc. Regionally, North America was the dominant market in terms of revenue. Owing to increasing geriatric population base, rising demand for reducing medical error rates in healthcare industry and continuously upgradation in technology are the main reasons expecting domination over the forecast period. Asia Pacific region is anticipated to experience the highest growth rate by 2020 owing to rising awareness about medical automation.

The global Pharmacy Automation Device market is valued at xx million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of % during 2018-2025.

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The major players covered in this report

AmerisourceBergen Corporation

ForHealth Technologies

Fulcrum Inc

Accu Chart Healthcare

McKesson Corporation

Innovation PharmaAssist Robotics

Pearson Medical Technologies

Parat Systems Pharmacy Automation

GSE Scale Sysyems

ScriptPro

Swisslog Holding

Talyst

Yuyama