Central Fill Pharmacy Automation Market Research Report

1. Report Title Central Fill Pharmacy Automation Market Research Report GMI Research GMI Research See the Future Insights 1

2. Central Fill Pharmacy Automation Market: The GMI Research expects the Central Fill Pharmacy Automation Market to expand at a significant rate during the forecast period. From a regional perspective, Europe is anticipated to grow at a higher CAGR due to the strong demand for efficient prescription filling and the rising emphasis of pharmacists on offering efficient patient care. Request for a FREE Sample Report on Central Fill Pharmacy Automation Market Central Fill Pharmacy Automation Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The global central fill pharmacy automation market is predicted to witness an upsurge in demand during the forecast period due to the increasing aging population with chronic diseases. This factor has led to a significant increase in the volume of outpatient drugs. Various benefits of automation in central fill pharmacy, such as the decrease in errors, fewer labor costs, reduction in turnaround time, and the growing emphasis on patients, will contribute to the growth of the market. Moreover, the rapid technological advancements in this field are creating lucrative opportunities to surge the scalability of business, thereby propelling the growth of the global central fill pharmacy automation market in the upcoming years. On the other hand, the factors hampering the growth of the market include the increasing cost of acquisition and installation of equipment. Vendor Segment Drivers Based on the vendor, the equipment vendor is expected to grow at a higher CAGR during the forecast period due to the strong geographic presence, high technical expertise, and access to spare parts (resulting in reduced downtime). In addition to this, these vendors provide various services, equipment, and software under one roof, thus making them the preferred choice among end-users. Regional Drivers North America is projected to lead the market owing to the strong presence of the wide number of geriatric patients and obese patients in the US demanding the central fill pharmacy model due to their benefits. Additionally, the increasing number of medication errors due to human intervention in specialty medication dispenses is driven by a drastic rise in demand to offer value-based care to patients in the US. Furthermore, the fundamental shift in consumer's preference towards automated 2

3. systems owing to the decreased labor costs for packaging, filling, and labeling, followed by improved compounding and dispensing, are some other factors accelerating the growth of the market in the upcoming years. Central Fill Pharmacy Automation Market’s leading Manufacturers: •McKesson Corporation •TCGRx •Innovation Associates •RxSafe, LLC •R/X Automation Solutions •Capstone Consultants LLC •ARxIUM, Inc. •Workflow Solutions •Omnicell, Inc. •ScriptPro Central Fill Pharmacy Automation Market Segmentation: Segmentation by Product: •Equipment oWorkflow management oAutomated Dispensing System oAutomated Medication Compounding System oAutomated Storage oRetrieval Systems oOthers •Service oFacility design oProcess Optimization oOthers •Software Segmentation by Vendor: •Equipment Vendor •Consulting Vendor Segmentation by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe 3

4. oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve. Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com 4