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Middle East And Africa Pharmacy Automation Market - Forecasts from 2022 to 2027

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    Report

  • 86 Pages
  • January 2023
  • Region: Africa, Middle East
  • Knowledge Sourcing Intelligence LLP
  • ID: 5743394
The Middle East and Africa pharmacy automation market is estimated to be valued at US$218.273 million in 2020. Pharmacy automation involves automating procedures and duties carried out in pharmacies and other healthcare facilities. The goal is to minimize patient safety risks and prescription error rates. Automation technologies can also assist pharmacies in streamlining processes, lowering the possibility of errors, and enhancing direct patient care activities.

The rising need to reduce medication errors is driving the market expansion

One of the main factors propelling the pharmacy automation market's growth rate is the rising demand to reduce medication errors. Two of the most frequent causes of hospital readmissions worldwide are medication and dispensing mistakes. Numerous factors, including poor doctor-pharmacist communication, dangerous pharmacy storage practices, and label confusion brought on by the use of similar-looking products, can result in prescription errors. Utilizing automated technologies is one of the best strategies to lower these errors.

Increasing infrastructure investment in healthcare to boost the market growth

The increasing healthcare spending, which helps to improve its infrastructure, is a crucial element influencing the growth rate of the pharmacy automation market. Additionally, the market for pharmaceutical automation will grow as pharmacies become decentralized and increase disposable income, and rising labor costs. Along with this, the market's growth rate would be accelerated by the growing elderly population and the incidence of chronic disorders.

Market Developments:

  • Oct 2021: The vial-filling, adherence packaging, workflow, and patient experience solutions provider Parata Systems, a market leader in pharmacy automation, today unveiled Parata Stratus, a centralized pharmacy automation management platform. Regardless of the number of machines or the packing method, Stratus consolidates automation data across a pharmacy for total visibility. The platform makes it easier to manage a pharmacy's intricate ecology and gives pharmacy leadership useful data for better decision-making and organizational success, such as hourly pouch counts and tray and canister dispense rates.
  • May 2022: The launch of IVX Station was announced by Omnicell, Inc., a top supplier of medication administration and adherence technologies for pharmacies and health institutions. This ground-breaking approach aims to scale the advantages of utilizing IV robotic technology and make it available to the general public. With a precision-machined superstructure to eliminate the leading cause of downtime, re-calibration, and a design focused on high reliability, IVX Station supports three times the throughput speed of current IVX robotic technology. It also maintains a footprint that is roughly the size of a four-foot hood. The fully automated, entirely reimagined IV compounding robot from Omnicell is made to address throughput and reliability challenges in the industry while providing the patient safety, accuracy, cost savings, supply chain control, and compliance benefits of its predecessors.

Product Offerings:

  • ScriptPro's MP 100 medication pouch packaging system: In addition to meeting the demand for adherence packaging, ScriptPro's MP 100 medication pouch packaging solution upholds the brand promises that customers have come to count on, including exceptional technology, white glove installation, and award-winning customer service. The MP 100 is a tried-and-true packaging technique for single- and multiple-dose pharmaceutical pouches. The system uses 100 pharmaceutical packaging cassettes that are kept in the packager as well as an additional MP Tray Management Station that the staff sets up using an integrated control system to fill pouches. An operator can switch out cassettes as needed by keeping extra cassettes outside the packager.
  • Omnicell® XR2 Automated Central Pharmacy System: To move toward the autonomous pharmacy, the Omnicell® XR2 Automated Central Pharmacy System delivers ground-breaking technologies for a more fully automated approach to pharmaceutical inventory management. The Omnicell XR2 system can be easily customized to accommodate the needs, the available space, and the requirements for medicine dispensing. It supports both centralized and decentralized distribution models, minimizes technician and pharmacist medication handling, decreases expired medication waste by dispensing earliest-to-expire, offers full, real-time visibility to every dose and associated expiration date managed in XR2, and improves care safety by utilizing 100% barcode scanning.

Market Segmentation:

By Application

  • Automated Medicated Dispensing System
  • Automated Packaging and Labelling System
  • Automatic Storage and Retrieval System
  • Robotic Dispensing System
  • IV Pharmacy
  • Others

By End User

  • Hospital Pharmacy
  • Retail Pharmacy

By Country

  • Saudi Arabia
  • UAE
  • Israel
  • Others

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. MIDDLE EAST AND AFRICA PHARMACY AUTOMATION MARKET BY APPLICATION
5.1. Introduction
5.2. Automated Medication Dispensing System
5.3. Automated Packaging and Labelling System
5.4. Automated Storage and Retrieval System
5.5. Robotic Dispensing System
5.6. IV Pharmacy
5.7. Others
6. MIDDLE EAST AND AFRICA PHARMACY AUTOMATION MARKET BY END-USER
6.1. Introduction
6.2. Hospital Pharmacy
6.3. Retail Pharmacy
7. MIDDLE EAST AND AFRICA PHARMACY AUTOMATION MARKET BY COUNTRY
7.1. Introduction
7.2. Saudi Arabia
7.3. UAE
7.4. Israel
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Omnicell
9.2. ScriptPro LLC
9.3. McKesson Corporation
9.4. Parata Systems (BD)
9.5. Talyst LLC
*Not an exhaustive list

Companies Mentioned

  • Omnicell
  • ScriptPro LLC
  • McKesson Corporation
  • Parata Systems (BD)
  • Talyst LLC

Methodology

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