Pharmacy Automation Systems Market is estimated to reach $5,602 million by 2022

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Allied Market Research adds “Pharmacy Automation Systems Market” new report to its research database. The report provides a comprehensive analysis of current & future trends and emerging avenues for the growth of this market globally.

Pharmacy automation systems manage dispensing, storing, filling, capping, and labeling of medications and securely store patients data. Constant technological developments, long-term cost savings associated with these systems, growth in adoption in emerging nations, rise in need to reduce medication errors, and increase in medical tourism in developing countries drive the growth of the market. However, high capital investment is projected to restrain the market growth during the forecast period.

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Detailed segmentation of the global pharmacy automation systems market is provided in terms of product type, end user, and geography. Based on product type, the market is divided into automated medication dispensing systems, automated storage & retrieval systems, automated packaging & labeling systems, tabletop tablet counters, and automated compounding devices. The automated medication dispensing segment held the largest share of 49.0% in 2015, owing to high these machines due to their point-of-care availability, capability to control storage & distribution, and maintain record of medicines.

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By end user, the market is categorized into retail pharmacy, hospital pharmacy, and others (long-term care pharmacy, clinic pharmacy, and mail order pharmacy). Pharmacy automation systems held over half of the share in 2015 owing to major use in hospitals to package, dispense, and label medicines, and are expected to continue this trend in the future.

Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America generated the highest revenue, accounting for over half of the market share in 2015, owing to rise in expenditure to upgrade healthcare systems and high demand for technologically advanced devices for rapid & accurate distribution of medicines. However, Asia-Pacific is projected to grow at the highest CAGR during the analysis period, owing to rise in healthcare expenditure, increase in per capita income, and improvement in healthcare infrastructure.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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