Harrisburg, NC -- (SBWIRE) -- 02/14/2019 -- Global Pharmacy Automation Devices Market: Size, Trends & Forecasts (2019-2021) provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Pharmacy Automation Devices Market.
Pharmacy Automation Systems Market was valued at $3,312 million in 2015, and is estimated to reach $5,602 million by 2022, growing at a CAGR of 7.8% from 2017 to 2022. A pharmacy automation system is used to manage and distribute medications mechanically.
The report also profiles key market players such as- McKesson Corporation, AmerisourceBergen, Omnicell, JVM co. Ltd. on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.
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Essential points covered in Global Pharmacy Automation Devices Market 2019 Research are:-
Regional Coverage for Pharmacy Automation Devices- The US, Korea, India
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global Pharmacy Automation Devices market?
- What are the key market trends impacting the growth of the global Pharmacy Automation Devices market?
- What are the challenges to market growth?
- Who are the key vendors in the global Pharmacy Automation Devices market?
- What are the market opportunities and threats faced by the vendors in the global Pharmacy Automation Devices market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global Pharmacy Automation Devices market?
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Automation in pharmacy is related with the process of handling and distribution of medications in pharmacy or other health care centres and involve the task of counting and dispensing of tablets, measuring and mixing powders and liquids for compounding, inventory management etc. Technological innovations in pharmaceutical industry make it obligation for hospitals and pharmacies to adopt the automation process in order to reduce the medication errors, high labour cost and increasing need for accurate and standardized drugs in order to decline in number of deaths which occurred due to incorrect amount of medications.
On the basis of technology, pharmacy automation devices are broadly categorized into five types: Auto Dispensing Cabinets, Table-Top Tablet Counters, Automated Compounding Systems, Automated Packaging and Labeling System, and Automated Storage and Retrieval System. Each device/system performs a number of different tasks. Two major end-users of the automation devices are: Retail Pharmacy and Hospital Pharmacy.
The report has 70 tables and figures browse the report description and TOC:
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Global pharmacy automation devices market has increased at a significant CAGR during the years 2014-2016, and the projections are made that the market would rise tremendously in the next four years i.e. 2017 to 2021. The growth of the pharmacy automation devices market is expected due to technological innovations, improvement in medical services accessibility, growing aging population, rising labor cost at pharmacies, growth opportunities in emerging economies etc. 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.
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