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The central fill pharmacy automation market size is forecast to increase by USD 623.6 million at a CAGR of 13.63% between 2023 and 2028. In today's healthcare industry, medication errors pose a significant challenge, with an estimated 1.5 million errors occurring annually in the United States alone. With the increasing patient pool and growing focus on cost reduction, automation has emerged as a key offering to address these issues. Automation in healthcare can range from electronic health records and computerized physician order entry systems to robotics and artificial intelligence. These technologies can help reduce labor costs, minimize errors, and improve patient safety and care. For instance, EHRs can prevent medication errors by providing real-time access to patient information, while robotics can automate repetitive tasks, freeing up healthcare professionals to focus on more complex patient care. As the healthcare landscape continues to evolve, automation will play an increasingly important role in improving patient outcomes, reducing costs, and enhancing operational efficiency.
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The market is witnessing significant growth due to the increasing focus on patient safety and efficiency in prescription filling processes. Automated tabletop systems and medication dispensing cabinets are increasingly being adopted by hospitals and pharmacies to streamline prescription filling workflows. Centralized prescription systems enable the filling of prescriptions at a single location, reducing the need for manual intervention at multiple sites. The patient pool for central fill pharmacy automation includes hospitals, long-term care facilities, and retail pharmacies. Pharmacists play a crucial role in ensuring the accuracy of filling prescriptions and maintaining compliance with legal requirements. Tension packaging and automated dispensing systems further enhance patient safety by reducing the risk of medication errors. The prevalence of chronic diseases and the resulting healthcare infrastructure expansion are driving pharmaceutical spending, leading to increased investments in pharmacy automation. Compliance with regulations and the availability of skilled professionals are key challenges for market growth. Pharmacy management systems and electronic prescription systems facilitate seamless integration of central fill pharmacy automation into existing workflows, improving patient outcomes. Major players in the Central Fill Pharmacy Automation market include Swisslog Healthcare, Omnicell, and AmerisourceBergen. The market is expected to grow significantly due to the increasing demand for patient safety, accuracy in prescription filling, and pharmacy workflow optimization. Pharmacy automation is subject to anti-dumping duties and regulatory compliance, which may impact market growth. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise in medication errors is notably driving market growth. Central fill pharmacy automation is a crucial solution for addressing the increasing prevalence of chronic conditions and the resulting large patient pool requiring multiple medications daily. In the US, over half of the population takes multiple prescriptions, leading to a significant risk of medication errors. These errors can result in adverse health outcomes, including polypharmacy, which can necessitate emergency hospital visits and worsen diseases. Pharmacists play a vital role in ensuring patient safety and staff productivity, especially in hospitals and multispecialty healthcare facilities.
Automated tabletop systems, such as those offered by Swisslog Healthcare, enable automated medication dispensing, compounding, and tension packaging. Central fill pharmacy automation enhances pharmacy workflow, patient outcomes, and accuracy of filling, particularly for geriatric and obese patients, who often require specialized attention. Specialty drug dispensing and outsourcing pharmacies also benefit from centralized prescription filling and the use of electronic prescriptions, ensuring legally binding and error-free orders. Technological development continues to advance pharmacy automation, addressing the burden on pharmacies and improving patient safety. Thus, such factors are driving the growth of the market during the forecast period.
Increasing adoption of automation in healthcare is the key trend in the market. Central Fill Pharmacy Automation is a significant trend in the healthcare industry, particularly in hospitals and outsourcing pharmacies. This automation streamlines prescription filling processes, enhancing patient safety and staff productivity. Automated tabletop systems and dispensing cabinets are increasingly being adopted for medication management. Swisslog Healthcare, among other solution providers, offers automated dispensing solutions to ensure accurate filling and reduce medication errors. Automation is particularly beneficial for specialty drug dispensing, compounding, and controlled substance management. Geriatric and obese patients, with their unique needs, also benefit from central fill pharmacy automation. The prevalence of chronic diseases and the increasing population further burdens pharmacies, making automation a necessity.
Furthermore, automated systems collect data on the working of the process and use it to optimize performance, increasing throughput and reducing workload. Pharmacists can focus on patient consultation and diagnosis, while automation handles the filling process. Electronic prescriptions ensure legally binding orders, reducing manual errors. Centralized prescription filling improves pharmacy workflow, leading to better patient outcomes. Despite the advantages, challenges such as implementation costs and the need for multiple sites remain. Technological development continues to address these challenges, making automation an essential investment for pharmacies. Thus, such trends will shape the growth of the market during the forecast period.
Stringent government regulations for approval of pharmacy automation systems is the major challenge that affects the growth of the market. Central fill pharmacy automation refers to the implementation of technology in prescription filling processes, enabling pharmacists to manage and dispense medications more efficiently and accurately. This system is particularly beneficial for hospitals, multispecialty healthcare facilities, and outsourcing pharmacies, catering to large patient pools, including geriatric and obese patients. Swisslog Healthcare, among other providers, offers automated dispensing solutions to streamline workflows and enhance patient safety. The increasing prevalence of chronic diseases and the burden on pharmacies necessitate the adoption of central fill pharmacy automation. These systems utilize automated tabletop and medication dispensing systems, tension packaging, and compounding capabilities to ensure the accuracy of filling prescriptions.
Furthermore, controlled substance handling and specialty drug dispensing are also critical functions of these systems. Pharmacists can fill prescriptions electronically, making the process legally binding and reducing manual errors. Central fill pharmacy automation can be implemented in multiple sites, improving patient outcomes and staff productivity. The technological development in this area has been significant, with companies focusing on improving patient safety, medication error reduction, and pharmacy workflow optimization. The commercialization of these systems requires adherence to regulatory guidelines, including notifications to the relevant authorities prior to implementation. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Agilent Technologies Inc: This company provides application focused solutions for Central Fill Pharmacy Automation that include instruments and software to identify, quantify, and analyze the physical and biological properties of substances and products.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the inpatient pharmacy segment will be significant during the forecast period. Central Fill Pharmacy Automation refers to the use of automated systems for prescription filling in centralized pharmacies, which serve multiple sites. This model aims to increase the accuracy of filling, patient safety, and staff productivity, particularly in hospitals and specialty pharmacies.
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The inpatient pharmacy segment was valued at USD 291.80 million in 2018. Swisslog Healthcare, among others, offers automated tabletop solutions for medication dispensing, tension packaging, and compounding. Automated dispensing systems reduce medication errors, especially for geriatric and obese patients, and enable centralized prescription management. Technological development in pharmacy automation caters to the increasing population and the prevalence of chronic diseases, which places a significant burden on pharmacies. Central fill pharmacy automation involves legally binding electronic prescriptions and can include controlled substance dispensing and retail pharmacy operations. Pharmacists manually filling prescriptions at multiple sites can be time-consuming and error-prone, making automation an essential solution for improving pharmacy workflow and patient outcomes.
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Europe is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is witnessing significant growth due to the increasing prevalence of chronic diseases and the rising demand for specialty medicines and specialty drugs. This market plays a crucial role in ensuring survival and improving the quality of life for patients suffering from complex conditions. Healthcare spending on specialty pharmacy services is increasing, driven by the high costs of specialty drugs and the need for specialized care. Pharmaceutical spending on specialized medicines, including those for cancer, rheumatoid arthritis, and multiple sclerosis, is a major contributor to this trend. The implementation of compliance regulations and the need for pharmacy management systems to ensure accurate and efficient dispensing of these drugs are also driving market growth. Initial investments in pharmacy automation equipment, such as automated packaging systems and pharmaceutical equipment, are required to streamline operations and improve the overall efficiency of specialty pharmacies. The market is also being attracted to strategic positioning, offering a wide range of products and services, and the ability to comply with regulatory requirements. The skilled workforce in specialty pharmacies is a critical factor in the success of this market. Process modeling and the use of technology to optimize workflows are essential to ensuring the productivity and effectiveness of the pharma workforce. Anti-dumping duties and other trade policies may impact market growth, but the long-term prospects remain positive.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018- 2022 for the following segments.
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Enhancing Prescription Filling and Patient Safety Central Fill Pharmacy Automation refers to the use of technology to automate the process of prescription filling in a centralized location, which is then distributed to multiple pharmacy sites. This system streamlines the pharmacy workflow, improving accuracy and efficiency in medication dispensing. The patient pool for central fill pharmacy automation includes hospitals, geriatric patients, obese patients, and specialty drug dispensing outsourcing pharmacies. Automated tabletop systems and tension packaging are essential components of this automation, ensuring patient safety and staff productivity. Swisslog Healthcare, among other key players, offers automated dispensing solutions for central fill pharmacies. The increasing prevalence of chronic diseases and the burden on pharmacies to manage complex medication regimens have driven the demand for central fill pharmacy automation.
The accuracy of filling prescriptions is a critical factor in patient outcomes, and centralized prescription filling reduces the risk of medication errors. The pharmacy model also allows for controlled substance management and electronic prescription processing, making it a legally binding and efficient process. The technological development in pharmacy automation has led to the prevalence of central fill pharmacy systems in retail pharmacies and multispecialty hospitals. The prevalence of chronic diseases and the need for specialized medication dispensing have further fueled the growth of this market. Pharmacists can focus on patient care while the automation handles the filling and distribution of prescriptions, ultimately improving patient safety and pharmacy workflow.
Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.63% |
Market growth 2024-2028 |
USD 623.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.72 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 37% |
Key countries |
US, Germany, UK, France, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agilent Technologies Inc., ARxIUM Inc., Becton Dickinson and Co., Capsa Healthcare LLC, Cornerstone Automation Systems LLC, FORMULATRIX Inc., Gebr. Willach GmbH, Innovation Associates, KUKA AG, LABEL ELETTRONICA S.R.L., McKesson Corp., Noritsu America Corp., Omnicell Inc., Oracle Corp., Quality Manufacturing Systems Inc., Rxsafe LLC, ScriptPro LLC, Sensum d.o.o., Tension Corp., and Yuyama USA Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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