Boise News Now

At CAGR of 8.1%, Pharmacy Automation Market to Surpass US$ 7,243.1 Million by 2026 – Coherent Market Insights

 Breaking News
  • No posts were found

At CAGR of 8.1%, Pharmacy Automation Market to Surpass US$ 7,243.1 Million by 2026 – Coherent Market Insights

August 29
15:16 2019
At CAGR of 8.1%, Pharmacy Automation Market to Surpass US$ 7,243.1 Million by 2026 - Coherent Market Insights

Pharmacy Automation Market – Increasing Need to Reduce Medication Errors
Launch of novel pharmacy automation systems by market players to augment the market growth

Pharmacy automation is a process where handling and distribution of medications takes place in hospital pharmacy or at retail pharmacy by means of automation. Pharmacy automation includes any pharmacy task that involves counting of small objects such as tablets or capsules, measuring and mixing of powders and liquids for compounding, tracking and updating customer information in databases such as personally identifiable information (PPI), drug interaction risk detection, medical history and inventory management. 

Increasing need to reduce medication errors and development of automated systems with improved features is a major factor driving pharmacy automation market growth. According to the National Coordinating Council for Medication Error Reporting and Prevention (NCC MERP), approximately 0.1 million approximately people die annually from medical errors that occur in hospitals.

Similarly, according to the Institute of Medicine survey in 2014, due to medication errors 1 out of 131 outpatient and 1 out of 854 inpatient deaths each year’s globally. Furthermore, according World Health Organization (WHO) studies in 2016, in United Kingdom, 12% of primary care patient affected by monitoring or prescribing error of medicine over the course of a year and its increases to 31% in older patient who is 75 year and older who is receiving more than 5 drug during 12 months period.

To Know More About Pharmacy Automation Market @ https://www.coherentmarketinsights.com/market-insight/pharmacy-automation-market-472

Moreover, error of injectable products primary concern is the risk of infectious disease transmission. According to WHO in 2008 unsafe medical injections led to 340,000 human immunodeficiency virus (HIV) infections, three million cases of bacteremia and 15 million hepatitis B infections.

Key players in the market are focused on launching novel pharmacy automations system in order to reduce medication error that can occur while compounding, dispensing, labeling of medication. For instance, in 2018 Becton, Dickinson and Company with collaboration with Helmer Scientific, a leading provider of integrated solutions to safeguard temperature-sensitive medication launched BD Pyxis, a first fully integrated refrigerated automated dispensing solution.

Similarly, in August, 2017, For instance, in December, 2014, CareFusion, a subsidiary of Becton Dickinson launched new innovations to expand the capabilities of its enterprise-wide medication management solutions for use in hospitals and outpatient settings.

Request Sample Copy of this Report: https://www.coherentmarketinsights.com/insight/request-sample/472

Detailed Segmentation:

Global Pharmacy Automation Market, By Product Type:

Automated Medication Dispensing Systems

Automated Storage & Retrieval Systems

Automated Packaging & Labeling Systems

Tabletop Tablet Counters

Automated Compounding Devices

Global Pharmacy Automation Market, By End User:

Retail Pharmacy

Hospital Pharmacy

Company Profiles

Becton *

Company Overview

Product Portfolio

Financial Performance

Key Highlights

Market Strategies

McKesson Corporation.

Yuyama Co., Ltd.

Dickinson and Company.

Omnicell, Inc.

ScriptPro LLC

Cerner Corporation

Capsa Healthcare

Parata Systems LLC

Baxter International, Inc.

KUKA AG

TCGRx Pharmacy Workflow Solutions

RxSafe, LLC

ARxIUM Inc.

Swisslog Holdings AG.

Talyst systems LLC.

Teleflex Incorporated

Purchase Copy of This Business Research Report: https://www.coherentmarketinsights.com/insight/buy-now/472

About Us:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Media Contact
Company Name: Coherent Market Insights
Contact Person: Mr. Raj Shah
Email: Send Email
Phone: +1-206-701-6702
Address:1001 4th Ave, #3200
City: Seattle
State: Washington
Country: United States
Website: www.coherentmarketinsights.com/press-release/pharmacy-automation-market-to-surpass-us-72431-million-by-2026-1296