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 has reduced the most of the mistakes that are taking place at the time of the dispensing and occurred due to the improper labelled information and conditions. The pharmacy automation has been witnessing the high growth in the North America region, owing to the increasing spending in the healthcare sectors. In addition, introduction of the technological advancement and development of the automated systems with the improved pharmacy automation systems resulting to the success and the new applications of the automated techniques in the pharmacy automation are products to compound, dispensing, store the labelled prescriptions.
The North American pharmacy automation market is presently being driven by several driving factors. Both the United States and Canada are dominating the market in the NA region. Growing need to minimize the medication errors and growing popularity of the pharmacy automation technology are the major driving factors of the North America pharmacy automation market. However, the market could get hampered by the factors like poor communications between the physician and pharmacists and the misunderstanding arising due to the similar labels of the products.
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 NA 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 pharmacy automation is segmented as per the product type, end users and country.
In the North America region, the market of pharmacy automation by product type 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 is sub segmented in centralised and the decentralised segment. The automated packaging and labelling systems segment is also subcategorised into the automated unit dose and multi dose systems. The second fastest growing product in the pharmacy automation is the automated storage and labelling systems segment as these products or systems can store and label the products in proper and well-manner, therefore the chances of errors in the dispensing gets minimized gradually and due to that this segment have the second largest demand in the North American market of the pharmacy automation.
The North America market of the pharmacy automation market is comprised of the end users like inpatient pharmacies, outpatients’ pharmacies, retail pharmacies and other. The first and second-largest growing segments are the inpatients and the outpatient’s pharmacy respectively as they have high flow of the customers thus chances of errors are also high in that case. For the reduction of the medication errors, Duke University Hospital in the U.S. has applied the Omnicell’s XT arrangement robotized administering framework in five of their medical clinics.
Country wise, the study is comprised of the key countries such as the US, Canada, and Mexico. The United States held the largest market share of North America pharmacy automation and is likely to dominate the market over the estimated time frame. The North America has the well-developed healthcare facilities and they have been implementing advance technologies in the pharmacy automation sector. The other countries like Canada and Mexico are on the constant curve of the growth in the market of the pharmacy automation in North America 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 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 various segments of the North America pharmacy automation markets segments like product type and end users. The product type is leaded by the automated medication dispensing systems and the end users are mostly the retail pharmacies as they are having the maximum chances of the mis-dispensing of the drugs. The study also covers the country section of the pharmacy automation market. The country segment is dominated by the U.S. and accounted for the largest market share of the North America region. Increased spending in the healthcare industry is major driving factor behind the market growth. The study also analysed the major key players and the COVID-19 impact on the pharmacy automation market. The study analysed that the COVID-19 has the positive impact on the pharmacy automation field across the North America.
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