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Pharmacy Automation Systems Market - Technologies, Trends, and Benefits

Increasing incidence of deaths and injuries due to medication prescription error is consistently putting pressure on healthcare providers and pharmacists to deploy more effective technologies. Also, the medication distribution system is becoming more and more complex with the rising number of patient visits along with the pressure of ensuring their safety needs.<br><br>Read More: http://www.transparencymarketresearch.com/pharmacy-automation-systems.html

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Pharmacy Automation Systems Market - Technologies, Trends, and Benefits

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  1. Transparency Market Research Pharmacy Automation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 Published Date 20-Mar-2013 96 Page Report Request Sample Buy Now Press Release Rising Investment in Pharmacy Automation Systems in Developed Regions to Drive Market to US$7.8 bn by 2018 Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com

  2. Pharmacy Automation Systems Market REPORT DESCRIPTION Increasing incidence of deaths and injuries due to medication prescription error is consistently putting pressure on healthcare providers and pharmacists to deploy more effective technologies. Also, the medication distribution system is becoming more and more complex with the rising number of patient visits along with the pressure of ensuring their safety needs. Advanced automated technologies and solutions are emerging as the most effective tools to reduce medication errors and improve patient safety. Installing automated systems also helps pharmacists and healthcare providers to lower pharmacy costs. Browse Full Report with TOC: http://www.transparencymarketresearch.com/pharmacy-automation- systems.html Automation is available for functions such as tablet counting, compound preparation, prescription management, medication packaging, dispensing and inventory management. The full benefits of each system may be realized when several technologies are integrated together. The pharmacy automation market is expected to grow due to mounting pressure to reduce medication errors, increasing number of doses given to patients, escalating healthcare expenditure and time efficiency provided by these technologies. The demand for these technologies is also expected to increase with reducing medical reimbursement and rising drug prices which are predicted to put pressure on healthcare providers to reduce their overall pharmacy costs. Stringent government regulations regarding packaging, labeling and drug compounding are also accelerating the demand for automated packaging and labeling and compounding technologies. However, high cost of implementation is the major challenge for the growth of these technologies. Vendors will find large opportunity in this market by developing cost effective technologies for small and mid-sized hospitals and pharmacies. Error in medication prescription dispensing is a leading cause of death in North America after cancer, heart and strokes. About 10,000 people die per year in Canada and around 100,000 deaths and more than two million injuries are estimated in the U.S due to medication errors. Medication errors also increase the cost for healthcare providers and patients. It is found that about 70% of these medication errors are preventable and healthcare providers along with pharmacists in these regions are investing in automated technologies which enable them to 2 Transparency Market Research

  3. Pharmacy Automation Systems Market reduce these errors and improve patient safety. North America is the largest regional market for pharmacy automation systems followed by Europe and is expected to maintain its position through the forecast period from 2012 to 2018. In developed markets such as Canada, the U.S and EU5 countries, there is a large potential for replacement market as healthcare providers in these countries are striving for advanced technologies to replace existing pharmacy automation. ”Rest of The World” region represents the fastest growing region in this market and the demand for these technologies is expected to increase with rising awareness and investment in healthcare infrastructure in Middle-East. Request A Sample Of This Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=815 The pharmacy automation systems industry is quite fragmented and competition varies from segment to segment. Hospitals and retail pharmacies are two major end users. CareFusion Corp currently dominates the hospital automation sector and ScriptPro is predicted to lead in the retail pharmacy sector. Some other key players in this market are AmerisourceBergen Corp, Omnicell Inc, McKesson Corp, Kirby Lester and Parata System Inc. Browse Full Press Release @ http://www.transparencymarketresearch.com/pressrelease/pharmacy- automation-systems.htm TABLE OF CONTENT Chapter 1 Preface 1.1 Report description 1.2 Pharmacy automation systems: market segmentation 1.3 Research methodology 1.3.1 Sources 1.4 Assumptions Chapter 2 Executive summary 3 Transparency Market Research

  4. Pharmacy Automation Systems Market Chapter 3 Pharmacy automation market analysis 3.1 Current market trends and future outlook 3.1.1 Benefits of pharmacy automation technologies 3.2 Role of IT applications in pharmacy automation 3.2.1 Clinical decision support system (CDSS) 3.2.2 Computerized physician order entry (CPOE) 3.2.3 E-prescribing 3.2.4 Electronic health record (EHR) 3.2.5 Interactive voice response (IVR) 3.3 Trends of IT applications in pharmacy automation 3.4 Market drivers 3.4.1 Increasing number of medication error deaths 3.4.2 Increasing drug prices and reducing reimbursement will increase the demand for drug dispensing systems to control pharmacy cost 3.4.3 Increasing awareness about benefits of automated systems among healthcare providers and pharmacists 3.4.4 Increasing per capita healthcare expenditure 3.5 Market restraints 3.5.1 High cost of implementation 3.5.2 Lack of awareness about benefits of pharmacy automation technologies 3.6 Market opportunities 3.6.1 Huge market opportunity in emerging market segments 3.6.2 Large market potential in replacement market 3.7 Market attractiveness 3.8 Porters five forces analysis for pharmacy automation technologies 3.8.1 Bargaining power of suppliers – Moderate to Moderate 3.8.2 Bargaining power of buyers – Moderate to Moderate 3.8.3 Threats from substitutes – Low to Low 3.8.4 Threat from new entrants - Low - Low 3.8.5 Degree of rivalry - High to High Chapter 4 Pharmacy automation market analysis by application, 2012 – 2018 4 Transparency Market Research

  5. Pharmacy Automation Systems Market 4.1 Market overview 4.1.1 Automated medication dispensing 4.1.1.1 Intorduction 4.1.1.2 Market trends and outlook 4.1.1.3 Market size and forecast 4.1.2 Automated packaging and labeling 4.1.2.1 Intorduction 4.1.2.2 Market trends and outlook 4.1.2.3 Market size and forecast 4.1.3 Automated storage and retrieval systems 4.1.3.1 Intorduction 4.1.3.2 Market trends and outlook 4.1.3.3 Market size and forecast 4.1.4 Automated compounding devices 4.1.4.1 Intorduction 4.1.4.2 Market trends and outlook 4.1.4.3 Market size and forecast 4.1.5 Table-top tablet counter 4.1.5.1 Intorduction 4.1.5.2 Market trends and outlook 4.1.5.3 Market size and forecast Chapter 5 Pharmacy automation market analysis, by end users, 2012 – 2018 5.1 Market overview 5.1.1 Automation in hospital pharmacy 5.1.1.1 Intorduction 5.1.1.2 Market trends and outlook 5.1.1.3 Market size and forecast 5.1.2 Retail Pharmacy 5.1.2.1 Intorduction 5.1.2.2 Market trends and outlook 5 Transparency Market Research

  6. Pharmacy Automation Systems Market 5.1.2.3 Market size and forecast Chapter 6 Pharmacy automation market analysis, by geography, 2012 - 2018 6.1 Market overview 6.1.1 North America 6.1.1.1 Intorduction 6.1.1.2 Market trends and outlook 6.1.1.3 Market size and forecast 6.1.2 Europe 6.1.2.1 Intorduction 6.1.2.2 Market trends and outlook 6.1.2.3 Market size and forecast 6.1.3 Asia-Pacific 6.1.3.1 Intorduction 6.1.3.2 Market trends and outlook 6.1.3.3 Market size and forecast 6.1.4 Rest of the World 6.1.4.1 Intorduction 6.1.4.2 Market trends and outlook 6.1.4.3 Market size and forecast Chapter 7 Key competitors analysis 7.1.1 Pharmacy automation market share analysis, 2011 Chapter 8 Company profile analysis 8.1 AmerisourceBergen Corporation 8.1.1 Business overview 8.1.2 Financial overview 8.1.3 Business strategies 8.1.4 Recent developments 8.2 McKesson Corporation 6 Transparency Market Research

  7. Pharmacy Automation Systems Market 8.2.1 Business overview 8.2.2 Financial overview 8.2.3 Business strategies 8.2.4 Recent developments 8.3 CareFusion Corporation 8.3.1 Business overview 8.3.2 Financial overview 8.3.3 Business strategies 8.3.4 Recent developments 8.4 Health Robotics SRL 8.4.1 Business overview 8.4.2 Financial overview 8.4.3 Business Strategies 8.4.4 Recent developments 8.5 Cerner Corporation 8.5.1 Business overview 8.5.2 Financial overview 8.5.3 Business strategies 8.5.4 Recent developments 8.6 Kirby Lester 8.6.1 Business overview 8.6.2 Financial overview 8.6.3 Business strategies 8.6.4 Recent developments 8.7 Omnicell Inc 8.7.1 Business overview 8.7.2 Financial overview 8.7.3 Business strategies 8.7.4 Recent developments 8.8 Baxter International Inc. 8.8.1 Business overview 7 Transparency Market Research

  8. Pharmacy Automation Systems Market 8.8.2 Financial overview 8.8.3 Business strategies 8.8.4 Recent developments 8.9 ScriptPro LLC 8.9.1 Business overview 8.9.2 Financial overview 8.9.3 Business strategies 8.9.4 Recent developments 8.10 Swisslog Holding Ltd 8.10.1 Business overview 8.10.2 Financial overview 8.10.3 Business strategies 8.10.4 Recent developments 8.11 Yuyama Co., Ltd 8.11.1 Business overview 8.11.2 Financial overview 8.11.3 Business strategies 8.12 Talyst Inc 8.12.1 Business overview 8.12.2 Financial overview 8.12.3 Business strategies 8.12.4 Recent developments About Us Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations. 8 Transparency Market Research

  9. Pharmacy Automation Systems Market Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ 9 Transparency Market Research

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