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The robotic pharmacy prescription dispensing systems market share is expected to increase by USD 1.53 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.66%.
The robotic pharmacy prescription dispensing systems market has been broadly categorized into the following demographic segmentations:
The robotic pharmacy prescription dispensing systems market report offers information on several market vendors, including ARxIUM, Becton Dickinson and Co., Abacus Rx Inc, Accu-Chart Plus Health Care Systems., Capsa Healthcare LLC, Centred Solutions, Cerner Corp., Clover 51 Ltd., Euclid Medical Products, Gebr. Willach GmbH, JVM Co Ltd., KUKA AG, Lamson Concepts Pty. Ltd., Manchac Technologies, Medication Management Robotics, NewIcon Oy, Omnicell Inc., Parata Systems LLC, QxRobotics, and ScriptPro among others.
One of the key highlights of the robotic pharmacy prescription dispensing systems market research report is the post-COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.
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Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The need for reductions in medication errors is notably driving the robotic pharmacy prescription dispensing systems market growth, although factors such as budget constraints with small-scale pharmacies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the robotic pharmacy prescription dispensing systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Robotic Pharmacy Prescription Dispensing Systems Market Driver
Key Robotic Pharmacy Prescription Dispensing Systems Market Trend
Key Robotic Pharmacy Prescription Dispensing Systems Market Challenge
This robotic pharmacy prescription dispensing systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global robotic pharmacy prescription dispensing systems market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the robotic pharmacy prescription dispensing systems market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the robotic pharmacy prescription dispensing systems market encompasses successful business strategies deployed by the key vendors. The robotic pharmacy prescription dispensing systems market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The robotic pharmacy prescription dispensing systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the robotic pharmacy prescription dispensing systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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44% of the market's growth will originate from North America during the forecast period. The US is the key market for robotic pharmacy prescription dispensing systems market in North America. Market growth in this region will be slower than the growth of the market in other regions.
With the aim of reducing medication errors, more pharmacies are increasingly investing in automation solutions, which reduce increasing patient safety and operational cost by streamlining processes in pharmacies. This will facilitate the robotic pharmacy prescription dispensing systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic in 2020 certainly had a negative impact on the market in North America, which resulted in the temporary closure of various industries, including those manufacturing robotic pharmacy prescription dispensing systems. However, in 2021, the demand for these products rebounded, as manufacturing units were reopened due to COVID-19 vaccination drives. These factors will drive the growth of the regional robotic pharmacy prescription dispensing systems market during the forecast period.
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The robotic pharmacy prescription dispensing systems market share growth in the hospital pharmacies segment will be significant during the forecast period. The global robotic pharmacy prescription dispensing systems market by the hospital pharmacies segment is predicted to grow consistently during the forecast period as a need for accuracy, safety, and competency in the pharmacy environment has been felt by various regulatory authorities, healthcare professionals, and other end-users. The increased concern about medication errors and patient safety has propelled the adoption of such systems, which reduces waiting times and improve the financial performance of pharmacies by allowing them to deal with a greater number of prescriptions compared with manual dispensing methods. This is driving segment growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the robotic pharmacy prescription dispensing systems market size and actionable market insights on the post-COVID-19 impact on each segment.
Robotic Pharmacy Prescription Dispensing Systems Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.66% |
Market growth 2022-2026 |
$ 1.53 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.97 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 44% |
Key consumer countries |
US, Japan, China, UK, Germany, US, Japan, China, UK, Germany, US, Japan, China, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ARxIUM, Becton Dickinson and Co., Abacus Rx Inc, Accu-Chart Plus Health Care Systems., Capsa Healthcare LLC, Centred Solutions, Cerner Corp., Clover 51 Ltd., Euclid Medical Products, Gebr. Willach GmbH, JVM Co Ltd., KUKA AG, Lamson Concepts Pty. Ltd., Manchac Technologies, Medication Management Robotics, NewIcon Oy, Omnicell Inc., Parata Systems LLC, QxRobotics, and ScriptPro |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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