United States pharmacy automation devices
market is anticipated to show a robust growth in the upcoming five years, 2023-2027.
The market growth can be attributed to advancing healthcare sector in the
industry along with the advantages such as reduced vulnerability to the shortage
of medications, decreased medication waste, reduced medication cost per dose,
and enhanced patient safety. Moreover, the requirement of minimizing medication
errors, rapid decentralization of pharmacies, rising geriatric population and
rising labor cost are projected growth drivers for the United States pharmacy
automation devices market in the upcoming five years.
Healthcare industry often
faces extreme burden due to increasing rates of injuries & deaths because
of the errors in the medical prescriptions. In order to prevent & reduce
these recurrent medical errors, healthcare service vendors & pharmacists
are continuously looking for the efficient and advanced technologies that can
support industry, pharmacy automation devices are some of the technological
advancements that can help with the struggles of the healthcare sector in the
country thereby supporting the growth of the market. Although, reluctance of
the adoption of the advanced technology like pharmacy automation devices may
put restrain over the market in the upcoming five years. Advertisements and
awareness among the end users would help the new market players and the major
market players to establish their market in the future years.
The United States pharmacy automation
devices market is segmented on the basis of product type, end user, regional
distribution, and competitional landscape. Based on end user, the market is
further bifurcated into hospital pharmacy and retail pharmacy. Retail pharmacy is
anticipated to put up the largest demand anticipated in the next five years and
assert its dominance as the leading end user in the market segment on the
account of increasing applications of these solutions in prescription filling, cutting
down costs and errors, inventory tracking, and streamlining operations.
This
aspect can be explained with an example of automated robotic storage and
retrieval systems that is offered by RxSafe enable retail pharmacies to
experience speed, space savings, accuracy, and convenience delivered by the combination
of real-time inventory tracking, prescription dispensing, and workflow
optimization solutions. These advance technologies are supporting the advancing
healthcare system of the country.
A partial list of market player in the
United States pharmacy automation devices market includes, Baxter
International, Inc., Becton, Dickinson and Company, Cerner Corporation, Omnicell,
Inc., Capsa Healthcare, LLC, ScriptPro LLC, RxSafe, LLC, McKesson Corporation, Amerisource
Bergen Corporation, Parata Systems, LLC, among others. These market players
hold larger shares of the market than the new market players.
With the
advancement of the technology, it is appropriate to say that the effective
research and development of the technologically advanced medical devices would
support the market growth and benefit the market players as well as the
consumers. New market players may focus on the research and development to
provide devices that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
Objective
of the Study:
- To
analyze the historical growth in the
market size of United States pharmacy automation devices market from 2017
to 2021.
- To
estimate and forecast the market size of United States pharmacy automation
devices market from 2022 to 2027 and growth rate until 2027.
- To classify and
forecast United States pharmacy automation devices market based on product
type, end user, competitional landscape, and regional distribution.
- To identify dominant region or segment in the United States pharmacy
automation devices market.
- To
identify drivers and challenges for United States pharmacy automation
devices market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in United States pharmacy automation devices
market.
- To identify and analyze the profile
of leading players operating in United States pharmacy automation devices market.
- To identify key sustainable strategies adopted by market players in
United States pharmacy automation devices market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, and service providers across the country.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufactures which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the manufactures, distribution
channels and presence of all major players across the country.
TechSci Research calculated the market size of United States pharmacy automation devices market using a bottom-up approach,
wherein data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key
Target Audience:
- Pharmacy Automation Devices manufacturers, end users, and other
stakeholders
- Distributers and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to pharmacy automation
devices
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base
Year
|
2021
|
|
Historical
Years
|
2017 –
2020
|
|
Estimated
Year
|
2022E
|
|
Forecast
Period
|
2023F –
2027F
|
|
Quantitative
Units
|
Revenue in
USD Million and CAGR for 2017-2021 and 2022E-2027F
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
|
|
Region
Scope
|
South-Region,
West-Region, Mid-West Region & Northeast-Region
|
|
Key
Companies Profiled
|
Baxter
International, Inc., Becton, Dickinson and Company, Cerner Corporation,
Omnicell, Inc., Capsa Healthcare, LLC, ScriptPro LLC, RxSafe, LLC, McKesson
Corporation, Amerisource Bergen Corporation, Parata Systems, LLC.
|
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, United States pharmacy automation devices market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- United States Pharmacy
Automation Devices Market, By Product Type:
- Medication Dispensing Systems
- Packaging & Labeling Systems
- Storage & Retrieval Systems
- Automated Medication Compounding Systems
- Tabletop Tablet Counters
- United States Pharmacy Automation
Devices Market, By End User:
- Hospital Pharmacy
- Retail Pharmacy
- United States Pharmacy Automation
Devices Market, By Region:
- South West
- Mid-West
- North East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States pharmacy automation devices market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
United States Pharmacy
Automation Devices Market is an upcoming report to be released soon. If you
wish an early delivery of this report or want to confirm the date of release,
please contact us at [email protected]