North America Pharmacy Automation Market is Expected to Reach USD 4,512.97 Million and Grow at a CAGR of 7.8% by 2021-2028 | Talyst, LLC., ARxIUM, OMNICELL, INC., Cerner Corporation, Capsa Healthcare, Parata Systems, LLC, ScriptPro

The across-the-board market information of the first-class North America Pharmacy Automation Market document will surely grow business and improve return on investment (ROI). This market report has been prepared by taking into account several aspects of marketing research and analysis which includes market size estimations, market dynamics, company & market best practices, entry-level marketing strategies, positioning and segmentation, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, and in-depth benchmarking of vendor offerings. North America Pharmacy Automation Market survey report gives CAGR values along with its fluctuations for the specific forecast period.

All the data and information collected in the winning North America Pharmacy Automation Market report is studied and analyzed with the demonstrated tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. This report also provides the company profile, product specifications, production value, contact information of the manufacturer, and market shares for the company. The market document emphasizes changing dynamics, growth-driving factors, restraints, and limitations. With the study of competitor analysis, businesses get a knowhow of the strategies of key players in the market that includes but are not limited to new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions.

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North America Pharmacy Automation Market is growing with the significant CAGR owing to increased adoption of automation in the hospitals and pharmacies. The rising demand for improved communication solution having consultation with video conferencing is driving the market growth. In addition, growing adoption of the digital technologies by pharmacies and consumers is augmenting the market growth.

The pharmacy automation market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.8% in the forecast period of 2020 to 2027 and is expected to reach USD 4,512.97 million by 2027 from USD 2,510.29 million in 2019. Introduction of advanced robotics, growing incidence of chronic diseases especially cancer, rise in awareness for medical errors and paradigm shift towards automation are the major drivers which propelled the demand of the market in the forecast period.

Market Key Competitors:

• Omnicell, Inc.
• Innovation Associates
• RxMedic Systems, Inc.
• RxSafe, LLC.
• ARxIUM
• ScriptPro LLC
• Capsa Healthcare
• BD
• Cerner Corporation
• Parata Systems, LLC
• Swisslog Healthcare (A part of the KUKA AG)
• Pocket Pills
• PerceptiMed, Inc.
• Asteres Inc.
• MedAvail Technologies, Inc.
• Fullscript
• McKesson Corporation
• Baxter

Market Segmentation:

By Product (Systems, Software, Services)
Pharmacy Type (Independent, Chain, Federal)
Pharmacy Size (Large Size Pharmacy, Medium Size Pharmacy, Small Size Pharmacy)
Application (Drug Dispensing and Packaging, Drug Storage, Inventory Management)
End User (Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Online Pharmacies, Central Fill/Mail Order Pharmacies, Pharmacy Benefit Management Organizations, Others)
Distribution Channel (Direct Tender, Third Party Distributor)

By Region

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

LIST OF FIGURES

FIGURE 1 NORTH AMERICA PHARMACY AUTOMATION MARKET: SEGMENTATION

FIGURE 2 NORTH AMERICA PHARMACY AUTOMATION MARKET: DATA TRIANGULATION

FIGURE 3 NORTH AMERICA PHARMACY AUTOMATION MARKET: DROC ANALYSIS

FIGURE 4 NORTH AMERICA PHARMACY AUTOMATION MARKET: NORTH AMERICA VS REGIONAL MARKET ANALYSIS

FIGURE 5 NORTH AMERICA PHARMACY AUTOMATION MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 NORTH AMERICA PHARMACY AUTOMATION MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 7 NORTH AMERICA PHARMACY AUTOMATION MARKET: MARKET APPLICATION COVERAGE GRID

FIGURE 8 NORTH AMERICA PHARMACY AUTOMATION MARKET: DBMR MARKET POSITION GRID

FIGURE 9 NORTH AMERICA PHARMACY AUTOMATION MARKET: VENDOR SHARE ANALYSIS

FIGURE 10 NORTH AMERICA PHARMACY AUTOMATION MARKET: SEGMENTATION

FIGURE 11 GROWING NEED TO MINIMIZE MEDICATION ERRORS IS EXPECTED TO DRIVE THE NORTH AMERICA PHARMACY AUTOMATION MARKET IN THE FORECAST PERIOD OF 2020 TO 2027

FIGURE 12 SYSTEMS SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA PHARMACY AUTOMATION MARKET IN 2020 AND 2027

FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES OF NORTH AMERICA PHARMACY AUTOMATION MARKET

FIGURE 14 COMPARISON OF FIRST QUARTER REVENUE OF THE YEAR 2019 AND 2020

FIGURE 15 NORTH AMERICA PHARMACY AUTOMATION MARKET: BY PRODUCT, 2019

FIGURE 16 NORTH AMERICA PHARMACY AUTOMATION MARKET: BY PRODUCT, 2019-2027 (USD MILLION)

FIGURE 17 NORTH AMERICA PHARMACY AUTOMATION MARKET: BY PRODUCT, CAGR (2020-2027)

FIGURE 18 NORTH AMERICA PHARMACY AUTOMATION MARKET: BY PRODUCT, LIFELINE CURVE

FIGURE 19 NORTH AMERICA PHARMACY AUTOMATION MARKET: BY PHARMACY TYPE, 2019

FIGURE 20 NORTH AMERICA PHARMACY AUTOMATION MARKET: BY PHARMACY TYPE, 2019-2027 (USD MILLION)

FIGURE 21 NORTH AMERICA PHARMACY AUTOMATION MARKET: BY PHARMACY TYPE, CAGR (2020-2027)

FIGURE 22 NORTH AMERICA PHARMACY AUTOMATION MARKET: BY PHARMACY TYPE, LIFELINE CURVE

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Pharmacy Automation Market Scope and Market Size

The pharmacy automation market is segmented into six notable segments which are based on product, pharmacy type, pharmacy size, application, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of product, the pharmacy automation market is segmented into systems, software, and services. In 2020, systems segment is expected to dominate in the pharmacy automation market as it increases the speed of patient care for an overburdened healthcare ecosystem.
• On the basis of pharmacy type, the pharmacy automation market is segmented into independent, chain and federal. In 2020, independent segment is expected to dominate in the pharmacy automation market as it primarily includes the pharmacies located in large hospitals in a centralized manner. Automated pharmacies can enhance pharmacy workflow and efficiency of centralized pharmacies and hence creates greater convenience for hospitals to reallocate resources to other tasks.
• On the basis of pharmacy size, the pharmacy automation market is segmented into large size pharmacy, medium size pharmacy and small size pharmacy. In 2020, large size pharmacy segment is expected to dominate in the pharmacy automation market as they are usually located in large hospitals in a centralized system with capacity to procure expensive pharmacy automation systems. Large pharmacies primarily need pharmacy automation to reduce human errors and hence adoption of robotic systems is higher.
• On the basis of application, the pharmacy automation market is segmented into drug dispensing and packaging, drug storage, inventory management. In 2020, drug dispensing and packaging segment is expected to dominate in the pharmacy automation market due to the increasing demand for patient safety and misuse of drugs. Through pharmacy automation, medications are locked inside the robot and access is limited to specific staff with positive identification.
• On the basis of end user, the pharmacy automation market is segmented into inpatient pharmacies, outpatient pharmacies, retail pharmacies, online pharmacies, central fill/mail order pharmacies, pharmacy benefit management organizations and others. In 2020, inpatient pharmacies segment is expected to dominate in the pharmacy automation market due to increasing need for hospitals to provide value-based care. Pharmacy automation reduces typically fill times and wait times. Hence, hospitals can improve service levels and customer satisfaction.
• On the basis of distribution channel, the pharmacy automation market is segmented into direct tender and third party distributor. In 2020, direct tender segment is expected to dominate in the pharmacy automation market as it is the primary source of procurement in hospitals and inpatient pharmacies. The presence of large number of companies in the region also makes it easier to avail direct tender services which are more beneficial.

Pharmacy Automation Market Country Level Analysis

The pharmacy automation market is analysed and market size information is provided by country, product, pharmacy type, pharmacy size, application, end user and distribution channel as referenced above.

The countries covered in the North America pharmacy automation market report are the U.S., Canada and Mexico.

North America is expected to dominate the market as one of the earliest adopters of pharmacy automation in last few years, due to increasing need to reduce medication errors and presence of several domestic and global leaders in the region providing customized high volume pharmacy automation solutions. The U.S is expected to dominate in the market and leading the growth in North America as continuous increase in adoption of pharmacy automation.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Access Control Industry Insights
5.1 Industry segmentation
5.2 Industry landscape
5.3 Vendor matrix
5.4 Technological and innovation landscape
6. Access Control Market, By Region
6.1 North America
6.2 Market & Forecast
6.3 Volume & Forecast
6.4 Western Europe
6.5 Japan
6.6 China
6.7 Other Countries
7. Method / Technology
7.1 Traditional Microbiology
7.2 Market & Forecast
7.3 Volume & Forecast
7.4 Molecular Diagnostics
7.5 Immunodiagnostics
8.Company Profile
8.1 Business Overview
8.2 Financial Data
8.3 Product Landscape
8.4 Strategic Outlook
8.5 SWOT Analysis

A portion of the Major Highlights of TOC covers:

• Methodology and Scope
• Executive Summary
• Access Control Industry Insights
• Access Control Market, By Region
• Company Profile

Thanks for reading this article, you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

Key Offerings:

-Market Size & Forecast by Revenue | 2021−2028

-Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities

-Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography

-Competitive Landscape – Top key vendors and other prominent vendorsInquire

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• Enhance the decision-making process by understanding the strategies that underpin commercial interest concerning products, segmentation, and industry verticals.

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