Dublin, Sept. 08, 2021 (GLOBE NEWSWIRE) -- The "Pharmacy Automation Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The pharmacy automation market is projected to grow at a CAGR of 7.77% during the forecast period to reach market size of US$10.398 billion in 2026 from US$6.160 billion in 2019.
The key factors leading to the market growth are rising healthcare costs, stringent regulatory standards and regulations, and the rising volume of e-prescriptions globally.
Pharmacy automation devices such as packaging and labeling systems, medication dispensing systems, compounding systems, storage and retrieval systems, and others are used to raise the effectiveness and efficiency within the pharmaceutical sector by way of reducing medication errors and providing additional time to pharmacists and clinicians for patient care.
Technological advancements and the development of precise automotive tools to carry out pharmaceutical operations will contribute to the growth of the global pharmacy automation market. Moreover, the presence of untapped growth opportunities in emerging economies such as Brazil, China, and India will also fuel market growth in the coming years.
Market trends of increased investments, product launches, and collaborations to spur market growth.
Moreover, as the pandemic continues to affect healthcare across the globe, the dire requirement for solutions developed to facilitate customers achieve higher visibility, limit costs, and better manage a complex pharmacy supply chain is more significant than ever. Hence, the advent of the COVID-19 pandemic has led to increased investments, product launches, and collaborations in the market further pointing at the opportunities in the market.
iA, a New York-based pharmacy automation solutions company in March 2021 announced plans to open its new global headquarters in Indianapolis due to the region's low-tax, pro-business environment, with the objective to lease, renovate and equip space in the city's and create 420 jobs by the end of 2023.
Deenova, supplier of combined mechatronics (robotic and automation) solutions for closed-loop medications and RFID-based medical devices traceability reported in November 2020 taking their business outside Europe with its exclusive distribution contract with leading GCC pharmacy automation PharmaTech Medical Equipment. The aim was to provide leading pharmacy technology like the most versatile Full Automated packaging Robot, All-in-One Station, and state-of-the-art RFID solutions, to further grow patient security and productivity.
RoboPharma announced in August 2020 the acquisition of the company by Capsa Healthcare, a worldwide innovator in healthcare delivery solutions for hospitals, senior care settings, and retail pharmacy providers. The objective of the acquisition for RoboPharma was to gain deeper resources to further develop its existing and additional new-to-market pharmacy automation solutions by becoming an integral segment within Capsa Healthcare.
Medicine-On-Time, a Clinical Support Services Health company, announced in June 2021 the introduction of various new blister cards, medication compliance package types developed to function with the pharmacy industry's major packaging automation platforms, like Synergy Medical.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Pharmacy Automation Market, by Application
5.2. Medical Dispensing System
5.3. Packaging and Labeling System
5.4. Robots Dispensing System
5.5. IV Pharmacy
6. Pharmacy Automation Market, by End User
6.2. Hospital Pharmacy
6.3. Pharmacy Chains
6.4. Retail Pharmacy
7. Pharmacy Automation Market, by Geography
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.2. Swisslog Healthcare (Talyst LLC)
9.3. ScriptPro LLC
9.5. Capsa Healthcare
9.6. Parata Systems LLC
9.7. McKesson Corporation
For more information about this report visit https://www.researchandmarkets.com/r/335ol0
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