Central Fill Pharmacy Automation Market 2019 statistics and research analysis released in latest report

Central fill pharmacy automation market size is expected to grow significantly from 2019 to 2025.

July 18, 2019 /MarketersMedia/ —

Central fill pharmacy automation market size is expected to grow significantly from 2019 to 2025. Central fill pharmacy automation market is anticipated to witness significant growth over the coming years. The drug therapy process is susceptible to various medication errors that range from drug information, proper communication, patient information, environmental factors, inbuilt quality controls, storage, dispensing of drugs, standardization and staff training. Along with advancements and rising access to medical care the vulnerability to errors accompanying medication are on a rise. Moreover, increasing reporting of medication errors is growing public concern regarding safety, thereby will boost central fill pharmacy automation industry growth.

Emphasis on automation in order to reduce labor costs should increase the demand for automated central fill pharmacy systems, thus favoring business growth. Growing patient pool will further foster industry growth during the forecast timeline. Furthermore, increasing demand for specialty drugs dispensed through central fill pharmacies should foster industry growth. Central fill pharmacies offer numerous advantages such as improvement in operational efficiency, more revenue and less cost are factors that propel central fill pharmacy automation market growth. However, high capital investment required for automated central fill pharmacy might hamper business growth.

Request In-depth table of contents @ https://www.gminsights.com/request-toc/upcoming/3626

Automated medication dispensing systems segment held considerable revenue share in 2018 and will witness robust CAGR during the analysis period. The growth is attributable to benefits associated with automated medication dispensing systems that include maximum operational efficiency as it provides high quality and high quantity, optimizes drug inventory, reduces dispensing cost. Moreover, it helps to free up resources so as to provide better patient care, thus should boost segmental growth.

Equipment vendors segment is expected to witness significant growth over the coming years owing to expertise in technical areas and access to spare parts coupled with wide-ranging product offerings. Moreover, these vendors provide various services, software and equipment at one place that is convenient for customers, thereby favors segmental growth.

North America central fill pharmacy automation industry accounted for significant revenue share in 2018 and will grow considerably during the forecast timeframe. The growth is attributable to surging number of medication errors coupled with rising demand for enhanced dispensing and compounding systems in the region. Furthermore, growing demand for specialty drugs fosters regional growth.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/3626

Some of the prominent industry players operating in central fill pharmacy automation industry includes ARxIUM, Cornerstone Automation Systems (CASI), Innovation, McKesson, Omnicell, R/X Automation Solutions, RxSafe, ScriptPro and TCGRx. Major business players focus on acquisitions, collaboration, merger strategies to capture more revenue share. In December 2018, TCGRx acquired Parata Systems. This acquisition aimed at offering pharmacy technology solution that helps to lower medical costs and provides better health outcomes.

Central Fill Pharmacy Automation Market By Product & Service, 2014-2025 (USD Million)
o Equipment
o Automated Medication Dispensing Systems
o Automated Packaging & Labeling Systems
o Integrated Workflow Automation Systems
o Automated Medication Compounding Systems
o Automated Tabletop Counters
o Automated Storage & Retrieval Systems
o Others
o Software
o Services
o Consulting
o Workflow & Process Optimization
o Facility Designing
o Custom Software Development
o Other Services

Central Fill Pharmacy Automation Market By Vendor, 2014-2025 (USD Million)
o Equipment Vendors
o Consulting Vendors

The above information is provided for the following regions and countries:
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
• Asia Pacific
o Japan
o China
o India
• Latin America
o Mexico
o Brazil
• Middle East and Africa
o Saudi Arabia
o South Africa

Company Profiles:
• Cornerstone Automation Systems, LLC. (CASI)
• Innovation
• McKesson Corporation
• Omnicell, Inc.
• R/X Automation Solutions
• RxSafe, LLC
• ScriptPro LLC
• Tension Packaging & Automation

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com

Source URL: https://marketersmedia.com/central-fill-pharmacy-automation-market-2019-statistics-and-research-analysis-released-in-latest-report/88898318

Source: MarketersMedia

Release ID: 88898318

Latest News

Hong Kong police and protesters clash, ending violence lull

Aug 24, 2019

HONG KONG — Hong Kong protesters threw bricks and gasoline bombs at police, who responded with tear gas, as chaotic scenes returned to the summer-long anti-government protests on Saturday for the first time in nearly two weeks. Hundreds of black-clad protesters armed with bamboo poles and baseball bats fought with police officers wielding batons on a main road following a march against "smart lampposts" that was sparked by surveillance fears. The chaotic scenes unfolded outside a police station and a nearby shopping mall as officers in riot gear faced off with protesters who set up makeshift street barricades. The violence...

Chinese pop stars publicly back Beijing on Hong Kong

Aug 24, 2019

HONG KONG — At least eight pop stars from mainland China and one each from Taiwan and Hong Kong are publicly stating their support for Beijing's one-China policy, eliciting a mixture of disappointment and understanding from fans. Many of the statements came after protesters opposed to Beijing's growing influence over semi-autonomous Hong Kong removed a Chinese flag and tossed it into Victoria Harbour earlier this month. Lay Zhang, Jackson Wang, Lai Kuan-lin and Victoria Song were among the K-pop singers who recently uploaded a Chinese flag and declared themselves as "one of 1.4 billion guardians of the Chinese flag" on...

China issues top warning for strong typhoon nearing coast

Aug 24, 2019

BEIJING — China issued its top warning for coastal areas of Zhejiang province Friday ahead of a strong typhoon expected to bring heavy rain and winds within hours. Heavy rain was expected in Zhejiang, Shanghai and nearby provinces on Friday before Typhoon Lekima hits land on Saturday morning, then weakens as it moves north. Parts of northern Taiwan closed offices and suspended classes at schools on Friday as the storm passed northeast of the island. The same area was hit by a magnitude 6.0 earthquake Thursday that caused minor damage but no deaths or injuries. The red alert China issued...

Hong Kong reassures visitors amid protests, travel warnings

Aug 24, 2019

HONG KONG — Hong Kong is seeking to reassure visitors to the city after several countries issued travel safety warnings related to ongoing prod-democracy protests. An email attributed to an unidentified government spokesman conceded recent road blockages and confrontations between police and protesters had caused inconveniences, but said they were confined to limited areas. It said the government and the travel industry were working to minimize disruptions to visitors. The government on Thursday said tourist arrivals dropped 26% at the end of last month compared to last year and were continuing to fall in August. Commerce Secretary Edward Yau Tang-wah...

US urges increased caution for Americans visiting Hong Kong

Aug 24, 2019

HONG KONG — The U.S. government on Thursday stepped up its warnings to travelers to Hong Kong because of increasing violence surrounding pro-democracy protests in the Chinese city. The State Department's Level 2 travel advisory issued Thursday urges "increased caution in Hong Kong due to civil unrest" and tells travelers to avoid demonstrations and to "exercise caution if unexpectedly in the vicinity of large gatherings or protests." The protests were sparked two months ago by proposed extradition legislation that could have seen suspects sent to mainland China, where protesters say they could face torture and unfair politicized trials. They have...