Pharmacy Automation Systems Market To Observe Latest Trends, Market Dynamics And Future Growth- 2018 To 2023

Total sales revenue of pharmacy automation systems in Europe reached $1.175 billion in 2017, owing to a substantial adoption of automated medication dispensing systems, automated storage and retrieval systems, automated packaging and labeling systems, table-top tablet counters, and automated drug compounding devices in hospital pharmacies,

November 2018 | Medical Devices

Global Pharmacy Automation Systems Industry Analysis, Size, Share, Growth, Trends, and Forecast:



Pharmacy Automation is the mechanization or automation of tasks and processes performed in pharmacy or other health care settings. It includes process like medication dispensing, packaging, labeling, storage and retrieval systems and table top counters. The pharmacy automation not only streamline pharmacy workflow and reduce the risk of errors, they also enable hospitals to refocus pharmacy staff on direct patient-care activities.





Scope of the Report:



This report focuses on the Pharmacy Automation Systems in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.



North America is also the largest consumer of pharmacy automation. In 2017, the consumption of pharmacy automation is about 66511 units in North America; its proportion of total global consumption exceeds 49%. Europe has witnessed a major chunk of the consumption of pharmacy automation in the world.



The worldwide market for Pharmacy Automation Systems is expected to grow at a CAGR of roughly 6.8% over the next five years, will reach 6520 million US$ in 2023, from 4390 million US$ in 2017, according to a new Planet Market Reports study.



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Market Segment by Regions, regional analysis covers:



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.



Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa



Market Segment by Type, covers



Automated Medication Dispensing



Automated Packaging and Labeling



Automated Storage and Retrieval



Automated Medication Compounding



Table Top Tablet Counters



Market Segment by Applications, can be divided into



Inpatient Pharmacy



Outpatient Pharmacy



Retail Pharmacy



Others



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