Pharmacy Automation Systems Market Worth $4,566.2 Million by 2019

This report analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Browse 101 market tables and 30 figures spread through 300 pages and in-depth TOC on "Pharmacy Automation Systems Market"

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The market is segmented by product, end user, and by geography. On the basis of product, the market includes automated medication dispensing systems, automated packaging and labeling systems, automated medication compounding systems, storage and retrieval systems, table-top counters, and other systems.

Whereas, on the basis of end users, the market includes the inpatient pharmacy units, outpatient pharmacy units, retail pharmacies, and pharmacy benefit management organizations and other mail-order setting. The inpatient pharmacy automation market is further classified as acute care setting and long-term care setting, while the outpatient pharmacy automation market is segmented into fast-track clinics and hospital pharmacies.

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Factors such as the necessity of cost containment, reduction of medication errors, and the need to increase the efficiency of work within the pharmacies are the major drivers for the pharmacy automation systems market. However, stringent regulatory guidelines which delay product launches, high costs of implementation of automation systems, and restricted budgets of healthcare that lower investments in the automated systems by small companies are some of the key factors restraining the growth of the global market.

North America continues to lead the market, followed by Europe, Asia-Pacific, and RoW. However, the market in the APAC region is expected to grow at a higher pace from 2014 to 2019, due to the increased demand for pharmacy automation systems in the emerging countries such as China and India.

The prominent players in the market include Baxter International Inc. (U.S.), CareFusion Corporation (U.S.), Cerner Corporation (U.S.), Kirby Lester LLC (U.S.), McKesson Corporation (U.S.), Omnicell Inc. (U.S.), ScriptPro LLC (U.S.), Swisslog Holdings AG (Switzerland), and Talyst Inc. (U.S.).

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