Published :
Tables : 43
Figures : 41
Category : Healthcare
No. of Pages : 210
Report Code : HC-1071
Automated Pharmacy Dispensing Systems Market is estimated to value over CAGR of over 7.5% during the forecast period of 2022-2028. A computer-controlled system used for tracking, storing and dispensing medicine is known as an automated dispensing system or an automated drug cabinet which is essentially an electronic medicine store. It is one of the most recommended instruments for improving patient safety and efficiency. They are used in clinics, hospitals nursing homes in various departments, for instance, diagnostic labs, Accident and Emergency department (A&E), Critical Care Unit (CCU) and Intensive Care Unit (ICU). Automated dispensing systems has a fine balance of being user-friendly, secure, in managing inventory and medication control which are all considered as important and necessary features for an efficient medication distribution system and these are the features that boost the global market. Integration of artificial intelligence and robotics into dispensing systems led to the rapid evolution of the automated process. It improved the workflow of dispensing process and reduced the pharmacy errors at the point of use. Along with this, automated dispensing systems provide real-time data for better management of the dispensing process. It can dispense up to 30%-60% of prescriptions daily and increases operation efficiency, reduce dispensing costs, optimize drug inventory and enhance patient care. Recent advancement in technologies led to the development of centralization of medication dispensing and supports mail orders central filling programs. All with these, they offer unparalleled accuracy and quality to the dispensing process. All these features broaden the capabilities and led to the evolution of multiple modality systems. All these factors led to the burgeoning growth of the market during the forecast period. Global market is dominated by developed economies like North America and Europe. North America accounts for a major share in the global market due to the high adoption of technologies in healthcare systems. It is followed by the Europe market due to the rapid integration of technologies. The Asia Pacific is a fast growing region due to increasing adoption during the forecast period. It is expected to witness a new player’s entry due to increasing opportunities. It is Latin America and Rest of World accounts a small fraction of the global market due to highly untapped market because of low adoption. Automated Pharmacy Dispensing Systems market players include ScriptPro LLC, McKesson Corporation, Swisslog Holding Ltd., Omnicell, ARxIUM, Care Fusion Corporation, AmerisourceBergen Corporation, and others. Automated Pharmacy Dispensing Systems Market Segmentation: By Systems Centralized Automated Dispensing Systems Decentralized Automated Dispensing Systems By End User Hospitals Outpatient Centres Clinics Medical Institutes By Region North America Latin America Europe Asia Pacific Rest of the World Competitive Landscape: • Tier 1 players- established companies in the market with a major market share • Tier 2 players • Emerging players which are growing rapidly • New Entrants FutureWise Key Takeaways: • Growth prospects • SWOT analysis • Key trends • Key data-points affecting market growth Objectives of the Study: • To provide with an exhaustive analysis on the global Automated Pharmacy Dispensing Systems Market by Systems, by End User, and by Region. • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) • To evaluate and forecast micro-markets and the overall market • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions • Profiling of companies to evaluate their market shares, strategies, financials and core competencies
A computer-controlled system used for tracking, storing and dispensing medicine is known as an automated dispensing system or an automated drug cabinet which is essentially an electronic medicine store. It is one of the most recommended instruments for improving patient safety and efficiency. They are used in clinics, hospitals nursing homes in various departments, for instance, diagnostic labs, Accident and Emergency department (A&E), Critical Care Unit (CCU) and Intensive Care Unit (ICU). Automated dispensing systems has a fine balance of being user-friendly, secure, in managing inventory and medication control which are all considered as important and necessary features for an efficient medication distribution system and these are the features that boost the global market.
Integration of artificial intelligence and robotics into dispensing systems led to the rapid evolution of the automated process. It improved the workflow of dispensing process and reduced the pharmacy errors at the point of use. Along with this, automated dispensing systems provide real-time data for better management of the dispensing process. It can dispense up to 30%-60% of prescriptions daily and increases operation efficiency, reduce dispensing costs, optimize drug inventory and enhance patient care. Recent advancement in technologies led to the development of centralization of medication dispensing and supports mail orders central filling programs. All with these, they offer unparalleled accuracy and quality to the dispensing process. All these features broaden the capabilities and led to the evolution of multiple modality systems. All these factors led to the burgeoning growth of the market during the forecast period.
Global market is dominated by developed economies like North America and Europe. North America accounts for a major share in the global market due to the high adoption of technologies in healthcare systems. It is followed by the Europe market due to the rapid integration of technologies. The Asia Pacific is a fast growing region due to increasing adoption during the forecast period. It is expected to witness a new player’s entry due to increasing opportunities. It is Latin America and Rest of World accounts a small fraction of the global market due to highly untapped market because of low adoption.
Automated Pharmacy Dispensing Systems market players include ScriptPro LLC, McKesson Corporation, Swisslog Holding Ltd., Omnicell, ARxIUM, Care Fusion Corporation, AmerisourceBergen Corporation, and others.
Automated Pharmacy Dispensing Systems Market Segmentation:
By Systems
By End User
By Region
Competitive Landscape: • Tier 1 players- established companies in the market with a major market share • Tier 2 players • Emerging players which are growing rapidly • New Entrants
FutureWise Key Takeaways: • Growth prospects • SWOT analysis • Key trends • Key data-points affecting market growth
Objectives of the Study: • To provide with an exhaustive analysis on the global Automated Pharmacy Dispensing Systems Market by Systems, by End User, and by Region. • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) • To evaluate and forecast micro-markets and the overall market • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions • Profiling of companies to evaluate their market shares, strategies, financials and core competencies
1. Market Introduction 1.1. Objectives of the Study 1.2. Market Definition 1.3. Market Scope 1.3.1. Years Considered for the Study 1.3.2. Market Covered 1.4. Currency 1.5. Limitations 1.6. Stakeholders 2. Research Methodology 2.1. Research Data 2.1.1. Secondary Data 2.1.1.1. Key Data from Secondary Sources 2.1.2. Primary Data 2.1.2.1. Key Data from Primary Sources 2.2. Market Size Estimation 2.3. Market Breakdown and Data Triangulation 2.4. Assumptions for the Study 3. Executive Summary 3.1. Market Outlook 3.2. Segment Outlook 3.3. Competitive Insights 4. Global Automated Pharmacy Dispensing Systems Market Variables, Trends & Scope 4.1. Market Lineage Outlook 4.2. Penetration and Growth Prospect Mapping 4.3. Industry Value Chain Analysis 4.4. Cost Analysis Breakdown 4.5. Technology Overview 4.6. Regulatory Framework 4.6.1. Reimbursement Framework 4.6.2. Standards and Compliances 5. Global Automated Pharmacy Dispensing Systems Market Overview 5.1. Market Dynamics 5.1.1. Market Driver Analysis 5.1.1.1. Increasing focus of Automated Pharmacy Dispensing Systems Companies on Brand Protection 5.1.1.2. Untapped Opportunities in Emerging Regions 5.1.2. Market Restraint Analysis 5.1.2.1. High Cost Associated with Implementation of Predictive Analysis 5.1.3. Industry Challenges 5.1.3.1. Presence of Ambiguous Regulatory Framework 6. Global Automated Pharmacy Dispensing Systems Market Analysis Tools 6.1. Industry Analysis - Porter’s 6.1.1. Supplier Power 6.1.2. Buyer Power 6.1.3. Substitution Threat 6.1.4. Threat from New Entrants 6.1.5. Competitive Rivalry 6.2. Pestel Analysis 6.2.1. Political Landscape 6.2.2. Environmental Landscape 6.2.3. Social Landscape 6.2.4. Technology Landscape 6.2.5. Legal Landscape 6.3. Major Deals And Strategic Alliances Analysis 6.3.1. Joint Ventures 6.3.2. Mergers and Acquisitions 6.3.3. Licensing and Partnership 6.3.4. Technology Collaborations 6.3.5. Strategic Divestments 6.4. Market Entry Strategies 6.5. Case Studies 7. Global Automated Pharmacy Dispensing Systems Market, By Systems Historical Analysis and Forecast 2022-2028 (USD Million) 7.1. Centralized Automated Dispensing Systems 7.2. Decentralized Automated Dispensing Systems 8. Global Automated Pharmacy Dispensing Systems Market, By End User Historical Analysis and Forecast 2022-2028 (USD Million) 8.1. Hospitals 8.2. Outpatient Centres 8.3. Clinics 8.4. Medical Institutes 9. North America Market Analysis 2016–2020 and Forecast 2022–2028 (USD Million) 9.1. Introduction 9.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 9.2.1. U.S.A 9.2.2. Canada 9.2.3. Mexico 9.3. Market Size (USD Million) Forecast for North America 2022-2028 10. Latin America Market Analysis 2016–2020 and Forecast 2022–2028 (USD Million) 10.1. Introduction 10.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 10.2.1. Brazil 10.2.2. Venezuela 10.2.3. Argentina 10.2.4. Rest of Latin America 10.3. Market Size (USD Million) Forecast for Latin America 2022-2028 11. Europe Market Analysis 2016–2020 and Forecast 2022–2028 (USD Million) 11.1. Introduction 11.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 11.2.1. Germany 11.2.2. U.K 11.2.3. France 11.2.4. Italy 11.2.5. Spain 11.2.6. Russia 11.2.7. Poland 11.2.8. Rest of Europe 11.3. Market Size (USD Million) Forecast for Europe 2022-2028 12. Asia Pacific Market Analysis 2016–2020 and Forecast 2022–2028 (USD Million) 12.1. Introduction 12.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 12.2.1. Japan 12.2.2. China 12.2.3. India 12.2.4. Australia and New Zealand 12.2.5. ASEAN 12.2.6. Rest of Asia Pacific 12.3. Market Size (USD Million) Forecast for Asia Pacific 2022-2028 13. Middle East and Africa Market Analysis 2016–2020 and Forecast 2022–2028 (USD Million) 13.1. Introduction 13.2. Historical Market Size (USD Million) Analysis By Country, 2016-2020 13.2.1. GCC 13.2.2. Israel 13.2.3. South Africa 13.2.4. Rest of MEA 13.3. Market Size (USD Million) Forecast for MEA 2022-2028 14. Company Profiles (Competition Dashboard, Competitors Deep Dive, Product Connected Devices and Disease Indication Portfolio, Financial Layouts) 14.1. ScriptPro LLC 14.1.1. Company Overview 14.1.2. Product Portfolio 14.1.3. SWOT Analysis 14.1.4. Financial Overview 14.1.5. Strategic Overview 14.2. McKesson Corporation 14.2.1. Company Overview 14.2.2. Product Portfolio 14.2.3. SWOT Analysis 14.2.4. Financial Overview 14.2.5. Strategic Overview 14.3. Swisslog Holding Ltd. 14.3.1. Company Overview 14.3.2. Product Portfolio 14.3.3. SWOT Analysis 14.3.4. Financial Overview 14.3.5. Strategic Overview 14.4. Omnicell 14.4.1. Company Overview 14.4.2. Product Portfolio 14.4.3. SWOT Analysis 14.4.4. Financial Overview 14.4.5. Strategic Overview 14.5 ARxIUM 14.5.1. Company Overview 14.5.2. Product Portfolio 14.5.3. SWOT Analysis 14.5.4. Financial Overview 14.5.5. Strategic Overview 14.6 Care Fusion Corporation 14.6.1. Company Overview 14.6.2. Product Portfolio 14.6.3. SWOT Analysis 14.6.4. Financial Overview 14.6.5. Strategic Overview 14.7. AmerisourceBergen Corporation 14.7.1. Company Overview 14.7.2. Product Portfolio 14.7.3. SWOT Analysis 14.7.4. Financial Overview 14.7.5. Strategic Overview 15. Pre and Post COVID-19 Impact 15.1. Positive influence on the healthcare industry 15.2. The financial disruption of the manufacturing sector 15.3. Impact of COVID-19 on emerging companies 15.4. Significant mandates in the healthcare regulations initiated by administrations 15.5. The overall economic slowdown of the developing and developed nations 16. FutureWise SME Key Takeaway Points for Client
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