JSB Market Research Provides Trending Reports on Pharmacy Automation: Technologies and Global Markets under Industrial Category. 

The total global market for Pharmacy Automation has an estimated value of REDACTED in 2019, an increase of REDACTED from REDACTED in 2018. The pharmacy automation market continues to gain momentum after experiencing purchasing holds for equipment from hospitals and other health delivery facilities in 2010 and 2014.

The two general segments covered in the report are inpatient and outpatient. Products included in the inpatient pharmacy automation market include dispensing and storage equipment; packaging equipment; narcotics management equipment; software and logistics products; and other products such as bedside barcode scanning systems, automated medication labeling systems, automated tablet splitters and compounding systems.

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Products included in the outpatient pharmacy automation market include dispensing/storage equipment; packaging and filling equipment; software and logistics products; and other equipment, including samples management, counting machines and vial shredders.

Inpatient pharmacy automation revenues account for about REDACTED of sales in 2019. This is expected to remain relatively steady through 2024 despite slightly higher growth in the outpatient segment, where demand for state-of-the-art equipment is increasing.

Outpatient pharmacy automation markets are expected to account for about REDACTED of the total pharmacy automation market in 2024, increasing from REDACTED estimated for 2 019. Several factors are driving growth for these markets, including - 

• Aging population.
• Improved drug therapy.
• Access to medicines in rural and underdeveloped regions.
• Steady construction in community pharmacy buildings throughout Europe.
• Increasing disease incidence/prevalence.
• Upgrading from older, outdated equipment.
• Government incentives and requirements.
• Long-term cost savings plans.
• Growing use of IT in healthcare.
• Demand for retail self-service options.
• Streamlining operations and reducing errors/risk.

The trend of consolidation among pharmacy automation vendors is expected to continue. In recent years, the industry has experienced partnerships and acquisitions that have shaped the industry and produced major competitors in the industry.

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Category: Industrial Market Research

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