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Out-patient Pharmacy Automation Market in the US 2018-2022

  • Published: Jun 2018
  • Pages: 109
  • SKU: IRTNTR21610
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The out-patient pharmacy automation market size in the US will grow by USD 144.03 million during 2018-2022. This report offers an analysis of the market based on end-user (hospitals and clinics) and application (automatic pill dispensing systems, packaging and labeling systems, and others). The out-patient pharmacy automation market in the US research report further analyzes the market’s competitive landscape and offers information on several companies including Baxter, BD, Capsa Healthcare, Cerner, Koninklijke Philips, and OMNICELL.

Below are some of the key findings from the out-patient pharmacy automation market research report in the US

Out-Patient Pharmacy Automation Market

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Out-patient pharmacy automation market overview in the US

The rise in medication errors is one of the critical drivers expected to trigger the market’s growth in the forthcoming years. Patients taking multiple medications are often at a higher risk of medication errors causing health risks in patients, particularly, in the US. As a result, vendors are developing products such as automated drug-management systems for promoting a safe drug-administration environment and efficient medication management. Hospital pharmacies are also increasingly adopting closed-loop medication systems relying heavily on IT resources, automated solutions, and software. Consequently, automation is significantly helping in the reduction of pharmacy errors, thereby, augmenting the out-patient pharmacy automation systems demand in the US.

The increasing adoption of automation in healthcare is one of the key trends expected to trigger the market’s growth in the forthcoming years. Hospitals are increasingly becoming aware of automated compounding systems as an essential component of safe and efficient operation of pharmacies. Several pharmacies have procedures involving steps with multiple checks and re-checks for overcoming errors. Furthermore, the adoption of automation in healthcare is also allowing healthcare professionals to devote an increased amount of time for patient consultation and offer precision in diagnosis. Factors such as accuracy, precision, and safety provided by pharmacy automation systems drive its adoption by healthcare facilities to improve pharmacy management, which is leading to the growth of the market in the US.

Top out-patient pharmacy automation companies covered in this market research report

The out-patient pharmacy automation market in the US is moderately fragmented with companies launching innovative products to cater to the evolving end-user requirements. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this out-patient pharmacy automation industry analysis report is constructed to aid clients to identify new growth opportunities and design innovative strategies for strengthening their position in the market.

The report offers a complete analysis of various companies including:

  • Baxter
  • BD
  • Capsa Healthcare
  • Cerner
  • Koninklijke Philips
  • OMNICELL

Out-patient pharmacy automation market segmentation based on end-user

  • Hospitals
  • Clinics

The hospitals segment will account for the highest out-patient pharmacy automation market revenue due to increased availability of automation systems at hospitals. The clinics segment, however, will contribute to the fastest growth in the market due to the growing healthcare infrastructure and rapid urbanization.

Out-patient pharmacy automation market segmentation based on application

  • Automatic pill dispensing systems
  • Packaging and labeling systems
  • Others

The automatic pill dispensing systems segment will account for the highest out-patient pharmacy automation market growth due to the growing awareness of automation in storage and retrieval systems, drug compounding systems, and tabletop tablet counters. Additionally, the report will also provide an accurate prediction of the contribution of the various application segments to the growth of the out-patient pharmacy automation market size in the US.

Key highlights of the out-patient pharmacy automation market in the US for the forecast years 2018-2022:

  • CAGR of the market during the forecast period 2018-2022
  • Detailed information on factors that will accelerate the growth of the out-patient pharmacy automation market in the US during the next five years
  • Precise estimation of the out-patient pharmacy automation market size in the US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on the factors that will challenge the growth of the out-patient pharmacy automation companies in the US

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

  • Segmentation by application
  • Comparison by application
  • Automatic pill dispensing systems
  • Packaging and labeling systems
  • Others
  • Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: MARKET SEGMENTATION BY END-USER

  • Segmentation by end-user
  • Comparison by end-user
  • Hospitals
  • Clinics
  • Market opportunity by end-user

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Increasing adoption of automation in healthcare
  • Product innovation in pharmacy automation

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Baxter
  • BD
  • Capsa Healthcare
  • Cerner
  • Koninklijke Philips
  • OMNICELL

PART 15: APPENDIX

  • List of abbreviations 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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