Pharmacy automation refers to automation that involves a mechanical process for handling and distributing medication. This reduces filling error, fill more prescription and increases the focus towards patient safety and staff productivity. Owing to the growing need to reduce medication error, the advantage of the pharmacy automation system and developed features of pharmacy automation is expected to drive the market in the forecasted period.This growth is primarily driven by Growing Need to Minimize Medication Errors, Rapid Decentralization of Pharmacies, Rising Geriatric Population and Rising Labor Costs.
Globally, a noticeable market trend is evident Upsurging Demand and Consumption has Led to Continues Enhancements in the Industry. Major Players, such as Becton, Dickinson, and Company (United States), Omnicell, Inc. (United States), Cerner Corporation (United States), Capsa Healthcare (United States), Parata Systems LLC (United States), Baxter International, Inc. (United States), ScriptPro LLC (United States), KUKA AG (Germany), TCGRx Pharmacy Workflow Solutions (United States), RxSafe, LLC (United States), ARxIUM Inc. (United States) and Talyst Systems, LLC (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2018, Centrus Health and Cerner collaborated to deliver value-based and innovative population healthcare in Kansas City
As per the data from World Population Prospects: the 2017 Revision, the number of older people, those aged 60 years or over, is expected to increase more than double by the year 2050 and to become more than triple by 2100, rising from 962 million globally in 2017 to 2.1 billion in 2050 and 3.1 billion in 2100.
- Growing Need to Minimize Medication Errors
- Rapid Decentralization of Pharmacies
- Rising Geriatric Population
- Rising Labor Costs
- Upsurging Demand and Consumption has Led to Continues Enhancements in the Industry
- Reluctance to Adopt Pharmacy Automation Systems
Increasing Awareness Among Pharmacists, Emerging Markets and Healthcare Cost-reduction Measures
Stringent Regulatory Procedures
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