Pharmacy automation uses advanced machines automate the handling of medications. Systems and software are used from point of order entry to the delivery of the medication making the process error free. By automating the entire medication delivery process, pharmacies are able to fulfil the demands of patients and customers with higher efficiency. Automation of the processes reduces the probability of human error. This helps in reduction of incorrect medication as well as improves customer service.
MARKET SCOPE
The "Global Out-patient Pharmacy Automation Professional Market" Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Out-patient Pharmacy Automation Professional Market with detailed market segmentation by type, and end user. The report provides key statistics on the market status of the leading Out-patient Pharmacy Automation Professional market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type the market is segmented as, Automatic Pill Dispensing System, Packaging and Labelling System, Others
- Based on end users the market is segmented as, hospitals, and Clinics
MARKET DYNAMICS
Drivers:
- Increasing adoption of automation in healthcare is likely to boost the growth of the market
- Rising errors in medications is expected to spur market growth.
- Paradigm shift towards low-dose computed tomography (CT) is likely to produce growth opportunities for market.
Restraints:
- Unwillingness among the healthcare organizations to adopt pharmacy automation systems is expected to restrain the overall market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Out-patient pharmacy automation professional market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Out-patient pharmacy automation professional market in these regions.
?
IMPACT OF COVID-19 ON OUT-PATIENT PHARMACY AUTOMATION PROFESSIONAL MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Majority of pharmaceutical and biopharmaceutical companies are focusing on developing more prominent treatment options to manage various mutations in COVID-19 infection thus affecting R&D activities of rare drug disease treatment drugs.
MARKET PLAYERS
The report covers key developments in the Out-patient pharmacy automation professional market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Out-patient pharmacy automation professional market are anticipated to lucrative growth opportunities in the future with the rising demand for out-patient pharmacy automation professional in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Out-patient pharmacy automation professional market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Becton, Dickinson, and Company
- Omnicell, Inc.
- Cerner Corporation
- Capsa Healthcare
- Parata Systems LLC
- Baxter International, Inc.
- ScriptPro LLC
- KUKA AG
- TCGRx Pharmacy Workflow Solutions
- Koninklijke Philips N.V
- ARxIUM Inc.
- Talyst Systems, LLC