World Pharmacy Automation Systems Market - Opportunities and Forecasts, 2014 - 2022

  • ID: 3773616
  • Report
  • Region: Global
  • 147 pages
  • Allied Analytics LLP
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Pharmacy automation system involves the automation of workflow tasks in the fields of pharmacy or healthcare, such as object counting, prescription management, compound preparation, dispensing, medication packaging and inventory management. An effective management system is needed to tackle the problem of prescription errors that have led to an increasing number of injuries and deaths. Pharmacy automation systems are effective tools to reduce prescription errors and ensure patient safety. The pharmacy automation system market is expected to grow with a healthy CAGR due to the increasing number of prescriptions and growing pressure to reduce prescription errors, growing healthcare expenditure, and workflow optimization offered by the new automated systems. Bar-coding standards and radio-frequency identification (RFID) system, which are being increasingly adopted, are the current trends in the pharmacy automation market. The pharmacy automation system market is diversified and exhibits intersegment competition. CareFusion Corp., OmniCell Inc., AmerisourceBergen Corp, Swisslog Holdings AG., ScriptPro LLC McKesson Corp., Parata System Inc., and Kirby Lester are some of the key players in the pharmacy automation system market. Retail pharmacies and hospitals are the major end-users in this market.

Pharmacy automation system market is segmented on the basis of application, end-user and geography. The application segment is further categorized into Automated medication dispensing, Automated storage and retrieval systems, Automated packaging and labeling, Table-top tablet counter and Automated compounding devices. These automation technologies provide time efficiency and accurate management of functions and processes performed in the pharmacy and healthcare system. Based on end-users, the pharmacy automation system market is segmented into Retail Pharmacy and Hospital pharmacy. Geographically, the pharmacy automation system market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America is the largest market for pharmacy automation system followed by Europe. Prescription errors are one of the main causes of death and injuries in North America. Developed economies such as US and Canada are striving to replace the current automation system with advanced technologies and are potential markets for replacement technologies. Asia-Pacific and LAMEA are the fastest growing segments in the pharmacy automation system market due to growing awareness and improving healthcare infrastructure.

KEY BENEFITS

In-depth coverage of the pharmacy automation system market including drivers, restraints and opportunities would help professionals to better understand market behavior
Detailed study of the strategies of key leaders, partnerships and acquisitions in the pharmacy automation system market would be informative for professionals in the corporate sector
Porter’s Five Forces analysis examines the competitive structure of the pharmacy automation system market and would assist market strategists in their decision making process
Pin-point analysis of geographic segments helps to identify opportunities for growth within the pharmacy automation system market

KEY MARKET SEGMENTS

The pharmacy automation systems market is segmented into three major categories: application, end-user and geography.

MARKET BY APPLICATION

Automated Medication Dispensing
Automated Storage and Retrieval Systems
Automated Packaging and Labeling
Table-top Tablet Counter
Automated Compounding Devices

MARKET BY END-USER

Retail Pharmacy
Hospital pharmacy

MARKET BY GEOGRAPHY

North America
Europe
Asia-Pacific
LAMEA
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CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry
3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Increase in need to reduce medication error
3.5.1.2. Development of automated systems with improved features
3.5.1.3. Advantages of pharmacy automation systems over manual methods
3.5.2. Restraints
3.5.2.1. High capital investment for pharmacy automation systems
3.5.2.2. Stringent governmental regulations for the approval of pharmacy automation systems
3.5.3. Opportunities
3.5.3.1. Improvement in healthcare infrastructure in emerging nations

CHAPTER 4 PHARMACY AUTOMATION SYSTEMS MARKET, BY PRODUCT TYPE
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. AUTOMATED MEDICATION DISPENSING SYSTEMS
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3. AUTOMATED STORAGE & RETRIEVAL SYSTEMS
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4. AUTOMATED PACKAGING & LABELING SYSTEMS
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
4.5. TABLETOP TABLET COUNTERS
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast
4.6. AUTOMATED COMPOUNDING DEVICES
4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast

CHAPTER 5 PHARMACY AUTOMATION SYSTEMS MARKET, BY END USER
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. HOSPITAL PHARMACY
5.2.1. Market size and forecast
5.3. RETAIL PHARMACY
5.3.1. Market size and forecast
5.4. OTHER END USERS
5.4.1. Market size and forecast

CHAPTER 6 PHARMACY AUTOMATION SYSTEMS MARKET, BY GEOGRAPHY
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. NORTH AMERICA
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.2.4. U.S. market size and forecast
6.2.5. Canada market size and forecast
6.2.6. Mexico market size and forecast
6.3. EUROPE
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
6.3.4. Germany market size and forecast
6.3.5. France market size and forecast
6.3.6. UK market size and forecast
6.3.7. Rest of Europe market size and forecast
6.4. ASIA-PACIFIC
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast
6.4.4. China market size and forecast
6.4.5. Japan market size and forecast
6.4.6. India market size and forecast
6.4.7. Rest of Asia-Pacific market size and forecast
6.5. LAMEA
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast
6.5.4. Latin America market size and forecast
6.5.5. Middle East market size and forecast
6.5.6. Africa market size and forecast

CHAPTER 7 COMPANY PROFILES
7.1. BAXTER INTERNATIONAL INC.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. BECTON, DICKINSON AND COMPANY
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segment
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments
7.3. CAPSA HEALTHCARE
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Key strategic moves and developments
7.4. CERNER CORPORATION
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.5. MCKESSON CORPORATION
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.6. OMNICELL INC.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.7. SCRIPTPRO LLC
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.8. SWISSLOG HOLDING AG
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.9. TALYST, LLC.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Key strategic moves and developments
7.10. YUYAMA CO., LTD.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product portfolio

List of Tables
Table 1. Global Pharmacy Automation Systems Market, By Product Type, 2014-2022 ($Million)
Table 2. Pharmacy Automation Systems Market For Automated Medication Dispensing Systems, By Geography, 2014-2022 ($Million)
Table 3. Pharmacy Automation Systems Market For Automated Storage & Retrieval Systems, By Geography, 2014-2022 ($Million)
Table 4. Pharmacy Automation Systems Market For Automated Packaging & Labeling Systems, By Geography, 2014-2022 ($Million)
Table 5. Pharmacy Automation Systems Market For Table-Top Tablet Counters, By Geography, 2014-2022 ($Million)
Table 6. Pharmacy Automation Systems Market For Automated Compounding Devices, By Geography, 2014-2022 ($Million)
Table 7. Global Pharmacy Automation Systems Market, By End USer, 2014-2022 ($Million)
Table 8. Pharmacy Automation Systems Market For Hospital Pharmacy, By Geography, 2014-2022 ($Million)
Table 9. Pharmacy Automation Systems Market For Retail Pharmacy, By Geography, 2014-2022 ($Million)
Table 10. Pharmacy Automation Systems Market For Other End USers, By Geography, 2014-2022 ($Million)
Table 11. Pharmacy Automation Systems Market, By Geography, 2014-2022 ($Million)
Table 12. North America Pharmacy Automation Systems Market, By Country, 2014-2022 ($Million)
Table 13. North America Pharmacy Automation Systems Market, By Product Type, 2014-2022 ($Million)
Table 14. North America Pharmacy Automation Systems Market, By End USer, 2014-2022 ($Million)
Table 15. Europe Pharmacy Automation Systems Market, By Country, 2014-2022 ($Million)
Table 16. Europe Pharmacy Automation Systems Market, By Product Type, 2014-2022 ($Million)
Table 17. Europe Pharmacy Automation Systems Market, By End USer, 2014-2022 ($Million)
Table 18. Asia-Pacific Pharmacy Automation Systems Market, By Country, 2014-2022 ($Million)
Table 19. Asia-Pacific Pharmacy Automation Systems Market, By Product Type, 2014-2022 ($Million)
Table 20. Asia-Pacific Pharmacy Automation Systems Market, By End USer, 2014-2022 ($Million)
Table 21. Lamea Pharmacy Automation Systems Market, By Country, 2014-2022 ($Million)
Table 22. Lamea Pharmacy Automation Systems Market, By Product Type, 2014-2022 ($Million)
Table 23. Lamea Pharmacy Automation Systems Market, By End USer, 2014-2022 ($Million)
Table 24. Baxter: Company Snapshot
Table 25. Baxter: Operating Segments
Table 26. Baxter: Product Portfolio
Table 27. Bd: Company Snapshot
Table 28. Bd: Operating Segments
Table 29. Bd: Product Portfolio
Table 30. Capsa: Company Snapshot
Table 31. Capsa: Operating Segments
Table 32. Bd: Product Portfolio
Table 33. Cerner: Company Snapshot
Table 34. Cerner: Operating Segment
Table 35. Cerner: Product Portfolio
Table 36. Mckesson: Company Snapshot
Table 37. Mckesson: Operating Segments
Table 38. Mckesson: Product Portfolio
Table 39. Omnicell: Company Snapshot
Table 40. Omnicell: Operating Segments
Table 41. Olympus: Product Portfolio
Table 42. Scriptpro: Company Snapshot
Table 43. Scriptpro: Product Portfolio
Table 44. Swisslog: Company Snapshot
Table 45. Swisslog: Operating Segments
Table 46. Swisslog: Product Portfolio
Table 47. Talyst: Company Snapshot
Table 48. Talyst: Operating Segments
Table 49. Talyst: Product Category
Table 50. Yuyama: Company Snapshot
Table 51. Yuyama: Product Portfolio

List of Figures
Figure 1. Global Pharmacy Automation Systems Market, 2014-2022
Figure 2. Geographical Snapshot Of Global Pharmacy Automation Systems Market, 2014-2022
Figure 3. Pharmacy Automation Systems: Market Segmentation
Figure 4. Top Investment Pockets
Figure 5. Top Winning Strategies: Percentage Distribution, (2014-2016)
Figure 6. Top Winning Strategies: Nature And Type
Figure 7. Market Share Analysis, 2015
Figure 8. Health Expenditure (% Of Gdp), 2010 Vrs 2014
Figure 9. North America Healthcare Expenditure As % Of Gdp
Figure 10. U.S. Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 11. Canada Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 12. Mexico Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 13. Germany Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 14. France Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 15. UK Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 16. Rest Of Europe Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 17. China Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 18. Japan Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 19. India Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 20. Rest Of Asia-Pacific Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 21. Latin America Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 22. Middle East Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 23. Africa Pharmacy Automation Systems Market, 2014-2022 ($Million)
Figure 24. Baxter: Net Sales, 2014-2016 ($Million)
Figure 25. Baxter: Revenue By Product, 2016 (%)
Figure 26. Baxter: Revenue By Geography, 2016 (%)
Figure 27. Bd: Net Sales, 2014-2016 ($Million)
Figure 28. Bd: Net Sales By Segment, 2016 (%)
Figure 29. Bd: Net Sales By Geography, 2016 (%)
Figure 30. Cerner: Revenue, 2014-2016 ($Million)
Figure 31. Cerner: Revenue By Segment, 2016 (%)
Figure 32. Mckesson: Revenue, 2014-2016 ($Million)
Figure 33. Mckesson: Revenue By Segment, 2016 (%)
Figure 34. Mckesson: Revenue By Geography, 2016 (%)
Figure 35. Omnicell: Revenue, 2014-2016 ($Million)
Figure 36. Omnicell: Revenue By Segment, 2016 (%)
Figure 37. Omnicell: Revenue By Geography, 2016 (%)
Figure 38. Swisslog: Revenue, 2013-2015 ($Million)
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Pharmacy Automation Systems Market Report, forecasts that the global market was valued at $3,312 million in 2015, and is projected to reach $5,602 million by 2022, growing at a CAGR of 7.8% from 2016 to 2022.The automated medication dispensing systems held over half of the share of the global market in 2015.

Pharmacy automation systems manage dispensing, storing, filling, capping, and labeling of medications and securely store patients data. Constant technological developments, long-term cost savings associated with these systems, growth in adoption in emerging nations, rise in need to reduce medication errors, and increase in medical tourism in developing countries drive the growth of the market. However, high capital investment is projected to restrain the market growth during the forecast period.

Detailed segmentation of the global pharmacy automation systems market is provided in terms of product type, end user, and geography. Based on product type, the market is divided into automated medication dispensing systems, automated storage & retrieval systems, automated packaging & labeling systems, tabletop tablet counters, and automated compounding devices. The automated medication dispensing segment held the largest share of 49.0% in 2015, owing to high these machines due to their point-of-care availability, capability to control storage & distribution, and maintain record of medicines.

By end user, the market is categorized into retail pharmacy, hospital pharmacy, and others (long-term care pharmacy, clinic pharmacy, and mail order pharmacy). Pharmacy automation systems held over half of the share in 2015 owing to major use in hospitals to package, dispense, and label medicines, and are expected to continue this trend in the future.

Key Findings of the Pharmacy Automation Systems Market

Automated medication dispensing systems was the leading segment in 2015.
North America is projected to grow at a CAGR of 7.5% from 2016 to 2022.
Asia-Pacific is expected to grow at the highest CAGR.
China is expected to grow at the highest CAGR in the Asia-Pacific pharmacy automation systems market.
France is expected to grow with the highest growth rate during the analysis period among the European countries.
Hospital held the largest market share o in 2015.

Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America generated the highest revenue, accounting for over half of the market share in 2015, owing to rise in expenditure to upgrade healthcare systems and high demand for technologically advanced devices for rapid & accurate distribution of medicines. However, Asia-Pacific is projected to grow at the highest CAGR during the analysis period, owing to rise in healthcare expenditure, increase in per capita income, and improvement in healthcare infrastructure.

The report provides a comprehensive analysis the key players operating in this market, including Baxter International Inc.; Becton, Dickinson and Company; Cerner Corporation; Capsa Healthcare; McKesson Corporation; Omnicell Inc.; ScriptPro LLC; Swisslog Holdings AG; Talyst, Inc.; and Yuyama Co., Ltd.
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