Self-service Pharmacies are time saving pharmacies which are run on the kiosk software. Pharmacies are busy and often high-stress environments, and often the most time-consuming tasks for pharmacists are ones that can be automated by an interactive self-service kiosk. In a busy retail pharmacy setting, pharmacists spend a large portion of their time on tasks that can be automated with self-service technology. This can free up pharmacists for more important duties like filling prescriptions and improve the patient experience by decreasing wait times. Self-service Pharmacies helps in time saving of pharmacists.
Highlights from Self service Pharmacies Market Study
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The key Players profiled in the report are Medavail (Canada), Aila tech (United States), imageHOLDERS (United Kingdom), Medifriend RX (United States), Bd Rowa (United States), PARTTEAM & OEMKIOSKS (Portugal), Spot RX (United States) and Smart RX Systems (United States).
Geographic Breakdown and Segment Analysis
The Global Self service Pharmacies market presents a comprehensive analysis of the Self service Pharmacies market by product type (Patient Facing and Professional Data Feeding), by end-user/application (Check-Out, Ordering Repeat Prescriptions, Identity Verification and Stock Control), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Self service Pharmacies industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the holds majority of market share of the Self service Pharmacies market
Analyst at AMA have segmented the market study of Global Self service Pharmacies market by Type, Application and Region.
Influencing Trend:Uses of Artificial Intelligence in Self Service Pharmacies
Market Growth Drivers:Surge in Demand in Efficient and Quick Customer Service at Pharmacies and Hospitals, Rise in Demand in Self-care Diagnostic and Self-care Dispensing and Surge in Demand in Faster Safer and More Accurate Drug Distribution
Challenges:Lack of Providing Accurate Prescription Data, Low Penetration in Developing Regions and High Maintenance and Installation Cost Associated with Self Service Pharmacies
Restraints:High Cost Initial Investment Associated with Self-service Pharmacies
Opportunities:Continuous Growth in Digitalization, Increasing Growth in Healthcare Infrastructure, Rising Number of Pharmacies over the World and Limited Customization of Kiosk Machines for Self-service Pharmacies
Market Developments Activities:On 1 May 2022, MedAvail Holdings, Inc. a technology-enabled pharmacy company, today announced that it has significantly expanded its partnership with IMA Medical Group, a provider of high quality primary medical and wellness services to seniors, with plans to open 17 additional SpotRx locations across central Florida. In-clinic SpotRx kiosks and courier home delivery are expected to be available to patients across the IMA network in 21 IMA medical centers, including the four SpotRx locations previously announced in September. MedAvail plans to leverage its pharmacy hub in Orlando to deploy and service SpotRx kiosks to these medical centers and expects to complete deployment to these locations by early 2022. SpotRx Pharmacy is the retail pharmacy brand owned and operated by MedAvail in the United States, which deploys and operates the MedAvail MedCenters.
The market for Self-service Pharmacies is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Key Target AudienceSelf-service Pharmacies, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others