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Pharmacy Automation System Market: Growing Need to Minimize Medication Errors

The global pharmacy automation market is projected to reach USD 5.38 billion by 2022, at a CAGR of 8.2% from 2017 to 2022. The market growth can be attributed to a number of factors such as the growing need to minimize medication errors, rapid decentralization of pharmacies, changing population demographics, and rising labor costs.<br><br>Get 10% Free Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=71522890

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Pharmacy Automation System Market: Growing Need to Minimize Medication Errors

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  1. MarketsandMarkets Presents Pharmacy Automation System Market: Growing Need to Minimize Medication Errors https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

  2. The report "Pharmacy Automation Market by Product (Medication Dispensing System (Robot, Carousel), Packaging & Labeling System (Unit Dose, Multi Dose), Tabletop Counter, Storage System), End User (Inpatient, Outpatient, Retail Pharmacy) - Global Forecast to 2022", The pharmacy automation market witnessed healthy growth rate during the last decade and is expected to grow at a CAGR of 8.2% between 2017 and 2022 to reach USD 5.38 Billion by 2022. The growth in this market is mainly attributed to factors such as growing need to minimize medication errors, rapid decentralization of pharmacies, rising geriatric population, and rising labor cost. Browse 181 market data tables and 54 figures spread through 218 pages and in-depth TOC on "Pharmacy Automation Market by Product (Medication Dispensing System (Robot, Carousel), Packaging & Labeling System (Unit Dose, Multi Dose), Tabletop Counter, Storage System), End User (Inpatient, Outpatient, Retail Pharmacy) - Global Forecast to 2022" https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

  3. Early buyers will receive 10% customization on this report. https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

  4. The global pharmacy automation market is segmented on the basis of product, end users and regions. The study also provides product portfolio assessment which compares offerings of major market players; value chain analysis; market penetration rate in various geographies; market dynamics; industry trends; and business strategy matrix for pharmacy automation market. • In 2016, automated medication dispensing systems accounted for the largest share of the pharmacy automation market. The factors such as improved medication safety, better inventory management, improved storage capacity with optimal utilization of space, and potential time and cost savings are the major drivers of market growth. • The inpatient pharmacies end user segment accounted for the largest share of pharmacy automation systems market. The increasing need for improved accuracy and efficiency of pharmacy units in hospitals and the growing need to minimize the waiting time in inpatient pharmacies are key market drivers in this end-user segment. https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

  5. In 2016, North America accounted for the largest share of the global pharmacy automation market, followed by Europe, Asia-Pacific, and RoW. Growth in the developed markets in North America and Europe is mainly driven by the government regulations and initiatives, high adoption of pharmacy automation and the presence of major companies in this region. Furthermore, growth in insurance coverage in the U.S. has increased the burden on the country’s healthcare system, which has highlighted the need for improving efficiency and management of work in North America. As opposed to the North American and European markets, the demand in the APAC and Latin American markets is primarily driven by the growth in the overall healthcare industry. With the rapid rise in the number of patients, demand for quality care, effective upgradation of the healthcare IT infrastructure of the country is expected to have a positive impact on the demand for pharmacy automation systems. https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

  6. Becton, Dickinson, and Company (U.S.), and Omnicell, Inc. (U.S.) held the major share of the pharmacy automation systems market and will continue to dominate the market between 2017 and 2022. Other major players operating in this market are Cerner Corporation (U.S.), Capsa Healthcare (U.S.), Parata Systems LLC (U.S), Baxter International, Inc. (U.S.), ScriptPro LLC (U.S.), KUKA AG (Germany), TCGRx Pharmacy Workflow Solutions (U.S.), RxSafe, LLC (U.S.), ARxIUM Inc. (U.S.) and Talyst Systems LLC. (U.S.). https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

  7. https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.htmlhttps://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

  8. Contact Us Contact: Mr. Shelly Singh MarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email:sales@marketsandmarkets.com Visit Our Website:https://www.marketsandmarkets.com https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

  9. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

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