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 safety of patients is the major concern in the hospital and retail pharmacies. The increasing adoption of pharmacy automation system is projecting the growth in the pharmacy automation market of the Europe as these systems can minimize the errors in the medication and improve the workflow efficiency in pharmacies for the well-being of the patients. The implementation of the automated medication dispensing, storage, labelling, tabletop tablet counters, automated drug compounding systems in the hospital, retail drug stores and in the other pharmacies are seen in the pharmacy automation market of the Europe.
The Europe is seeing the growth of the pharmacy automation market for several years. The major factors that are influencing the growth of the pharmacy automation in Europe are rising healthcare spending and the growing focus on the disease prevention and management associated with increasing needs for reduction of the medication errors. Due to this factor the pharmacy automation market in Europe is experiencing high growth. However, the growth of the market is getting hampered in the region due to the high cost of pharmacy automation systems.
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 European 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 pandemic as it comes under the essential services. Due to COVID-19 pandemic the market has the positive impact as it reduced the contact of the healthcare workers and the patients.
The Europe pharmacy automation is segmented as per the product type, by end users and country.
As Europe is implementing the automation in the pharmacies the market here is segmented into automated medication dispensing systems, automated storage & retrieval systems, automated packaging & labelling systems, tabletop tablets, and automated compounding devices. The automated medication dispensing systems is sub segmented into centralised and the decentralised segments. The automated packaging and labelling systems segment is also subcategorised into the automated unit dose and multi dose systems. The majority of the pharmacies in the Europe are have implemented or employed the automated dispensing units as it provides low chances of the medication errors. Due to these Europe pharmacy automation market is increasing. And the numbers are still rising in the upcoming years in the market of the pharmacy automation in the Europe.
The Europe pharmacy automation market is seeing the promising growth rates and is segmented in end users such as inpatient pharmacies, outpatients’ pharmacies, retail pharmacies and other. The projected growth of the Europe is seen by the use of the retail pharmacies as there is the more chance of the errors occur at the time of the medications. The major pharmacies are implementing the automated dispensing system for the reduction of the medication errors. For instance, in June 2018, the collaboration of the BD and Helmer Scientifics, they are providing the integrated solution of temperature sensitive medication product with the announcement of the fully integrated refrigerated automated dispensing solutions for pharmacies. The collaboration helped the companies to increase the products portfolio in the pharmacy automation market of the Europe.
Pharmacy automation market is studied for the following countries including the UK, Germany, France, Italy, Spain and rest of Europe. In Europe region the U.K. is anticipated to dominate in the pharmacy automation market. As the U.K. implemented the various automated machines like automated medication dispensing, storage, labelling, tabletop tablet counters, automated drug compounding systems in the hospital and retail drug store. Besides presence of key players and new product launches is driving the growth of the Europe region in pharmacy automation market.
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 Aktiengesell schaft, 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, Yuyama Co. Ltd among others.
The study analyses the growth of the Europe market from the decades 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. Country wise study analysis found that U.K. is leading in the use of the various automated systems. The study also analyses the various key players in the Europe region and also the impact of the Covid-19 pandemic on the Europe pharmacy automation market. The study analyses that the covid-19 has the positive impact on the pharmacy automation in Europe as they are using the automated instruments to avoid the contacts of the healthcare workers and patients.
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