Pharmacy Automation Market Analysis And Research Report To 2022 : Radiant Insights,Inc

Pharmacy automation comprises automating the process of handling and distributing medicines. Automated medication dispensing systems, automated medication compounding systems, automated packaging and labeling systems, table-top counters, and storage and retrieval systems can be utilized in hospitals and retail pharmacies.

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These systems play a vital role in improving efficiency, avoiding contamination, reducing medication errors, and minimizing labor cost

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Decentralized Automated Dispensing Medication Systems

Patient safety is always a key focus in hospitals. Automated medication dispensing systems are decentralized medicine distribution systems, which offer automated controlled storage, tracking, and dispensing of medicines. These systems are widely used in hospitals. Automated medication dispensing system accounted for the largest market share in recent years and is also predicted to be the fastest growing segment over the forecast period (2017 to 2022). This growth is associated with rising need for accurate and timely dispensing of a treatment routine and need to evade dispensing errors related with type and quantity of commonly prescribed medication. These systems can also provide better inventory management, greater storage, and optimal utilization of space.

Omnicell, Inc. recently launched a new system, XT Series Automated Supply Dispensing Cabinet. This next-generation supply solution is designed to provide flexibility and greater storage capacity. The new XT cabinets works on Windows 10 operating system and comprises recent Starbus electronics architecture, which is well-suited for future innovations. This system can be used to improve supply chain management.

Market Overview

According to a report available on Radiant Insights, Inc., key aspects such as growing elderly population, rising number of retail pharmacies, and need to reduce medication errors can propel the pharmacy automation market. Ever-increasing healthcare expenses and growing awareness among pharmacists regarding several benefits offered by pharmacy automation systems can also have a positive impact on the market.

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Stringent regulatory procedures, high cost of installation, and reluctance among various healthcare organizations to adopt pharmacy automated systems can hamper market growth during the forecast period.

Some of the leading players operating in the market are Baxter International; Takazono Corporation; Yuyama; Tosho Co., Inc.; and Omnicell.  

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