Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The pharmacy automation involves the mechanical process for the handling and the distribution of the medications. It involves the mechanism of processes which comprised of the medication dispensing, packaging, labelling, storage and retrieval of the medications. It also comprises the use of robotics and software to automate the traditional pharmacies. Pharmacy automation systems are generally used for delivery of the medication accurately. The pharmacy automation system’s major goal is to fulfil the requirement of the patients and the customers at the rate of high efficiency by the automating delivering of the medications. This also helps in the reductions of the human errors.
The technological advancements in the field of pharmacy and the growing aging populations, expanding urbanization and increase in the number of the diseases due to the lifestyle are having the great impact on the pharmacy automation as to reduce the medication errors. In addition to the system of the pharmacy automation medication, software required for patient data storage and management. It also involves the use of robotics in the various sectors of the pharmacy such as for the dispensing and compounding and packaging and labelling of the medicines. However, the market could get hampered by the reduced or less communication between the physicians and the Pharmacist.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 3600 analysis of micro and macro-economic factors on the pharmacy automation market. In addition, complete analysis of changes on Pharmacy Automation expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Asia Pacific economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The market could not get hampered by the COVID-19 global pandemic as it comes under the essential services. The covid-19 pandemic has the positive impact on the market as it reduced the contact of the healthcare workers and the patients.
The Asia pacific pharmacy automation market is segmented as per the product type, end users and country.
The APAC pharmacy automation market is segmented into products type like automated medication dispensing systems, automated storage & retrieval systems, automated packaging & labelling systems, table- top tablets, and automated compounding devices. The automated medication dispensing systems is bifurcated into centralised and the decentralised. The centralised segment includes robots and carousels. Likewise, decentralised includes pharmacy based automation, ward-based automation and automated multi dose dispensing systems. The automated packaging and labelling systems is also subcategorised into the automated unit dose and multi dose systems. The most used automation systems are automated medication dispensing systems as it reduces the chances of the dispensing errors of the humans. And they it provide number of products to use at the various levels of the pharmacies for the reduction in the medication errors they are accounted for the major market share the Asia Pacific pharmacy automation market.
The pharmacy automation market has major end users like inpatient pharmacies, outpatient’s pharmacies, retail pharmacies and other. The inpatients and the outpatient pharmacies are anticipated to gain major market for the pharmacy automation market in Asia Pacific region owing to increasing technological advances in the healthcare sectors. The implementation of the inpatient and the outpatient automation pharmacies are accelerating the demand for the pharmacy automation systems in Asia Pacific region.
The pharmacy automation market is studied for the countries including Japan, India, Australia, South Korea and China. In Asia pacific region, Japan followed by China is anticipated to dominate the pharmacy automation market. The growth of the countries is seen due to the increasing technological advances in the healthcare sectors and increased focus on reducing medication errors. Besides presence of key players and new product launches is driving growth of the pharmacy automation market in the Asia pacific region.
The major key players of the pharmacy automation are Accu-Chart Plus Healthcare System, Inc., Alixarx,Arxium Inc., Avery Weigh-Tronix,Baxter International,Becton, Dickinson And Company,Capsa Healthcare, Cerner Corporation, Kuka Aktiengesellschaft, Mckesson Corporation, Newicon,Omnicell Inc., Parata Systems, Pearson Medical Technologies, Rxmedic Systems, Inc., Rxsafe Llc,Scriptpro Llc,S wisslog Holding Ag, Talyst Llc., Tcgrx Pharmacy Workflow Solutions, Teleflex Incorporated, and Yuyama Co. Ltd among others.
The study analyses the growth of the Asia Pacific pharmacy automation market and the various market segments like product type and end users. The product type segments have the automated dispensing machines to reduce the medication errors and the end users of the pharmacy automations are inpatient pharmacies, outpatient pharmacy and the retail pharmacies. The inpatients and outpatient’s pharmacies are also implementing the automation the pharmacies this reduces the chances of the medication errors at the time of the dispensing of the medicines. The country wise study analysis found that Japan and china are projected witness rapid growth. The study also analyses the various key players in the Asia pacific region and also the impact of the COVID-19 pandemic on the pharmacy automation in the Asia pacific. The study analysed that the COVID-19 has the positive impact on the pharmacy automation in Asia pacific as they are using the automated instruments to avoid the contacts of the healthcare workers and patients.
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