1. Market Research
  2. > Internet Business
  3. > E-Healthcare Market Trends

Global Pharmacy Automation Systems Market Assessment & Forecast: 2015-2019

  • August 2015
  • 47 pages
  • Spearhead Acuity
Report ID: 3605170

Summary

Table of Contents

Search Inside

The new report “Global Pharmacy Automation Systems Market Assessment, Forecast: 2015-2019” by Spearhead Acuity Business Research & Consulting Group, reveals that North America lead pharmacy automation systems market with a share of 52.0% in 2014 that translated into revenues worth US$ 2,320.4 million.

North America and European hospitals and clinics generated the largest revenues in 2014 contributing to a total share of over 80%. Aging population, presence of large hospital chains as well as pharmacy chains and purchase power for healthcare technology helped these two regions to be early adopters and innovators of technology. Identification of new diseases and conditions, innovation and introduction of large number of drugs each year has made it difficult for pharmacists to keep track manually thus inclining them towards automation with the help of software systems and well as hardware components. Increasing footfall in pharmacies over the years has led to a greater demand for automation. The market conventionally has been led by the western countries due to the presence of large number of companies operating within the region. The markets for Asia-Pacific, Latin America and Africa will prove to be a challenge for adoption of the technology primarily due to lack of purchase power.

This report includes market insights into the end-users of pharmacy automation such as independent pharmacies, healthcare institutions such as hospitals, retail pharmacy chains and government healthcare facilities. Increasing number of large groups or chains of pharmacies and hospitals has increased buying power of expensive pharmacy automation. Crude estimates suggest the presence of over 5 million pharmacies across the world rising each year. However, healthcare facilities such as hospitals and nursing homes remained the largest buyers of pharmacy automation systems and are able to sustain the costs of installation due to greater amount of investment and purchase power as compared to independent pharmacies or chains. North America has over 75,000 pharmacies and more than 8,000 hospitals based on internal estimates and continue to show great promise for the adoption of pharmacy automation as more independent pharmacies install dispensing systems.

The scope of research also focuses on various types of automation technologies used in healthcare such as automated dispensing for liquid and solid doses, packaging & labelling, storage and retrieval systems, compounding systems and the most conventional form of automation- the tablet counters.

The pharmacy automation market is quite mature in several parts of the world such as North America and Europe. The use of pharmacy automation dramatically increased as the benefits and advantages far outweighed the costs in the long run. By 2000, approximately 70% of all hospitals possessed counting machines to make the pharmacist’s task easier. Written prescriptions were one of the major sources for confusion and medication errors in the past, and this gave rise to need for devising the system where pharmacists, nurses and physicians would be on the same page. In future, automation will be seen both in centralized and decentralized forms and highly customized according to the needs of clients. The increasing shortage of jobs in the medical field, consolidation of technology companies and healthcare industry as a whole will lead to massive loss as automation begins to quietly exclude human involvement.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Healthcare Informatics and Patient Monitoring Market Market - India Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • June 2017
  • by Transparency Market Research

Global Healthcare Informatics and Patient Monitoring Market: Overview This report on the healthcare informatics and patient monitoring market studies the current and future prospects of the India market. ...

Global Wireless Medical Technologies Market Analysis & Trends - Industry Forecast to 2025

  • $ 4200
  • Industry report
  • April 2017
  • by Accuray Research LLP

The Global Wireless Medical Technologies Market is poised to grow at a CAGR of around xx% over the next decade to reach approximately $xx billion by 2025. This industry report analyzes the market estimates ...

Global E-Prescription Market Analysis & Trends - Industry Forecast to 2025

  • $ 4200
  • Industry report
  • August 2017
  • by Accuray Research LLP

The Global E-Prescription Market is poised to grow at a CAGR of around 21.5% over the next decade to reach approximately $3.12 billion by 2025. Some of the prominent trends that the market is witnessing ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.