Pharmacy Automation Systems Market Analysis By Transparency Market Research

This report provides an in-depth analysis and market forecast for the global pharmacy automation market for the period 2012 – 2018. The report provides details of the several pharmacy automation devices currently available in the market along with the impact of these machines on modern pharmacies in terms of efficiency, reduction in error and speed. The report also highlights the unique connection of pharmacy automation devices with a number of other markets such as the E-prescription market and its role in the growth of pharmacy automation.

Browse all Pharmaceutical Market Research Reports @ http://www.transparencymarketresearch.com/pharmaceutical-market-reports-1.html
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The scope of the report includes competitive analysis of major market segments based on end users, technology and of different regional markets such as Europe, North America, Asia-Pacific and the rest of the world. This regional analysis concluded that most developing regions are not yet ready to accept pharmacy automation technology since affordable human skill and low currency value still provides a cheaper work force as compared to mechanization. Along with this, the cost of devices and setting them up is predicted to be another factor holding back the growth of the market.
PillsA Porter’s Five Forces analysis provides insight into industry competition and market dynamics. End-user analysis highlights in detail the opportunities for pharmacy automation in hospitals of different sizes and in retail pharmacies. It showcases the trends in hospital investment, growth of retail pharmacies and restraints of this technology in developing regions of the world. The report also highlights PESTLE factors affecting market growth. The report’s market attractiveness analysis presents a quick overview of the emerging areas which will offer sizeable opportunities to market players.
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The report also includes strategies and market entry barriers to be considered by individuals and groups who expect to venture into this arena in the coming years. Additionally, the report also includes recommendations for new entrants as well as seasoned players in the market based on current trends, and expected future market trends. To aid in tactical decision making, the report provides competitive profiling of key players, business strategies adopted by them and recent developments in the industry. This study will help suppliers, designers, manufacturers and distributors in the pharmacy automation technologies field to plan and implement their strategies in potential markets and new technologies.
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In 2011, the automated medication dispensing systems segment held the largest share in the global pharmacy automation systems market accounting for 48.3% and valued at USD 2.3 billion. The segment is expected to reach USD 3.6 billion by 2018 at a CAGR of 6.7% from 2012 to 2018. Shifting trend from centralized to decentralized or hybrid hospital pharmacy in large sized hospitals to improve the medication distribution process and patient safety is accelerating the demand for these systems. However, reluctance to accept these systems is seen in emerging markets due to its high deployment cost.
The majority of revenue is generated through hospital pharmacies particularly from large sized hospitals with more than 400 beds. Low budget restrains the expenditure of small and mid-sized hospitals to invest in expensive systems. Nevertheless, increasing investment is seen from these hospitals and pharmacists in affordable technologies such as tablet counters and compounding machines. The market is foreseeing considerable expansion due to growth in retail pharmacies and drug store chains in emerging countries with the introduction of FDI in these regions.
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The pharmacy automation systems market is currently dominated by North America which accounts for more than half of the global market share, where stringent regulations have increased the adoption of automated systems in hospitals and pharmacies. Although “Rest of the World” region currently holds a small share of the market, it is expected to grow at the fastest rate due to increasing awareness of these technologies and increasing investment in healthcare infrastructure by hospitals and retail pharmacists particularly in Middle-East.
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Browse all Pharmaceutical Market Research Reports @ http://www.transparencymarketresearch.com/pharmaceutical-market-reports-1.html
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