Pharmacy Automation Device Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies And Segment Forecasts, 2012 To 2020

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Pharmacy Automation Device Market Analysis, Market Size,
Share, Regional Outlook, Industry Trends, Competitive
Strategies And Segment Forecasts, 2012 To 2020
Industry Insight
The automation task performed in healthcare and medical sector is known as pharmacy automation and
the devices used for automation are called as pharmacy automation device market. Increasing
prevalence of medical error deaths is the prime driver of this market over the forecast period. Pharmacy
automation devices such as clinical decision support system, electronic health record and computerized
physician order entry helps in monitoring patients continuously to provide a better understand of his
health conditions.
Rising adoption of medical automation coupled with high investment in research and development is
boosting the growth of this market in coming five years. Rapidly increasing population base, growing
awareness about advanced pharmacy and growing demand to minimize medical error are the main
driver of this market.
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Moreover, increasing demand for minimal invasive and noninvasive surgical procedures with integrated
medical automated systems is also likely to trigger the growth of this market by 2020. Strict medical rule
and regulation regarding medical automation and high cost of implementation for automated tools are
some of the contracting factors of pharmacy automation device market. The market is anticipated to
have lucrative growth opportunity owing to rising awareness about pharmacy automation and
increasing personal disposable income of customer in the emerging nations.
Product Insight
By product, the global pharmacy automation device market is segmented into medication dispensing
systems, packaging & labeling systems, storage & retrieval systems, medication compounding systems
and tabletop counters. The automated medication dispensing system provides computer controlled
storage, dispensation, tracking, and recording of medical work more efficiently. The dispensing cabinets
can work several patients simultaneously and therefore it allows the medical practitioner to provide the
medicines accurately and keep its record in the system. Medication dispensing system market was
consisted the largest market share in 2013 owing to growing demand of automated and timely
dispensing healthcare medicines.
It is also noticed that the automated medication dispensing systems are more adopted in large sized
hospitals in comparison with medium or small sized hospitals. The possible reason can be that the
budget of large size hospitals is much more than small or medium size hospitals and therefore they can
afford purchase highly automated devices. Packaging and labeling instruments includes sealers,
deblistering machines, fillers and sealers and printing solutions. This market is expected to witness
lucrative growth in coming future owing to strong government and FDA rules and regulation regarding
medication packaging and labeling segments.
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End Use Insight
By end use the market is bifurcated into hospital pharmacy and retail pharmacy. Hospital pharmacy
market is expected to witness significant growth over the forecast period owing to involvement of high
investment cost. It is further classified into bar-code medication dispensing, central pharmacy
automation solutions, ordering and receiving automation solutions, point-of-care automation solutions,
pharmacy robots, preparation and packaging automation solutions, medication dispensing nursing
stations and carts.
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Regional Insight
Regionally, North America was the dominant market in 2013, in terms of revenue. Owing to increasing
geriatric population base, rising demand for reducing medical error rates in healthcare industry and
continuously upgradation in technology are the main reasons expecting domination over the forecast
period. Asia Pacific region is anticipated to show the highest growth rate by 2020 owing to rising
awareness about medical automation, increasing disposable income and growing rate of target of target
based population.
Competitors Insight
AmerisourceBergen Corporation, ForHealth Technologies, CareFusion Corporation, Fulcrum Inc, Accu
Chart Healthcare, GSE Scale Sysyems, McKesson Corporation, Innovation PharmaAssist Robotics,
Pearson Medical Technologies, Parat Systems Pharmacy Automation, GSE Scale Sysyems, ScriptPro LLC,
Medacist, Pyxis Pharmacy Automation Systems, Swisslog Holding Ltd, Baxter International Inc., Talyst
Inc. and Yuyama Co., Ltd. are the major market players in the global pharmacy automation device
market.
Table of Contents
Chapter 1. Executive Summary
1.1. Pharmacy Automation Devices Market- Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Pharmacy Automation Devices Market Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. Pharmacy Automation Devices Market Dynamics
2.4. Key Opportunities Prioritized
2.5. Industry Analysis - Porter's
2.6. Pharmacy Automation Devices - Company Market Share Analysis
2.7. Pharmacy Automation Devices Market PESTEL Analysis
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Chapter 3. Pharmacy Automation Devices Application Outlook
3.1. Automated Medication Dispensing Systems
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3.2. Automated Packaging And Labeling Systems
3.3. Automated Storage And Retrieval Systems
3.4. Automated Medication Compounding Systems
3.5. Table Top Tablet Counters
Chapter 4. Pharmacy Automation Devices End-use Outlook
4.1. Hospital Pharmacy
4.2. Retail Pharmacy
Chapter 5. Pharmacy Automation Devices Regional Outlook
5.1. North America
5.2. Europe
5.3. Asia Pacific
5.4. RoW
Chapter 6. Competitive landscape
6.1 AmerisourceBergen Corporation
6.2 Accu Chart Healthcare
6.3 CareFusion Corporation
6.4 ForHealth Technologies
6.5 Fulcrum Inc
6.6 GSE Scale Systems
6.7 McKesson Corporation
6.8 Pearson Medical Technologies
6.9 Innovation PharmaAssist Robotics
6.10 Health Robotics SRL
Chapter 7. Methodology and Scope
7.1. Research Methodology
7.2. Research Scope & Assumption
7.3. List of Data Sources
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The automation task performed in healthcare and medical sector is known as pharmacy automation and the devices used for automation are called as pharmacy automation device market.