In a recent published report, Kenneth Research has updated the Europe Pharmacy Automation Systems Market report for for 2024 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2024- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2024, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2024. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2024. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2024. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2024 till March 2024 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Europe Pharmacy Automation Systems Market products.
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According to the statistics by the Bureau of Economic Analysis (BEA) of the U.S. Dept. of Commerce, the gross output registered from the data processing, internet publishing and other information services industry grew from USD 162.5 Billions in 2010 to USD 530.4 Billion in 2024.
Patient safety is a top priority in hospital and retail pharmacies. Over and beyond the forecast period, an increasing adoption of pharmacy automation systems is expected in a global scope because these systems can reduce medication errors and improve workflow efficiency in pharmacies. Europe total sales revenue of pharmacy automation systems will advance to $XXX billion in 2025, growing by 6.7% annually between 2016 and 2025. This represents a cumulative revenue of $XXX billion during 2017-2025 owing to a substantial adoption of automated medication dispensing systems, automated storage and retrieval systems, automated packaging and labeling systems, table-top tablet counters, and automated drug compounding devices in hospital pharmacies, retail drug stores and other types of pharmacies in this region.
Highlighted with 29 tables and 39 figures, this 134-page report “Europe Pharmacy Automation Systems Market 2017-2025 by End-user, Product and Country” is based on a comprehensive research of pharmacy automation systems market by analyzing the entire Europe market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2014 and 2015, revenue estimates for 2016, and forecasts from 2017 till 2025.
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify Europe pharmacy automation systems market in every aspect of the classification from perspectives of end-user, product type and country.
Based on end-users, the Europe market is segmented into the following sub-markets with annual revenue included for 2014-2025 (historical and forecast) for each section.
• Hospital Pharmacies (further segmented into Hospital Inpatient Pharmacy and Hospital Outpatient Pharmacy)
• Retail Pharmacies (further divided into Retail Chain Pharmacies and Independent Drug Stores)
• Pharmacy Benefit Management Organizations
• Others
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Based on product type, the Europe market is analyzed on the following segments with annual revenue in 2014-2025 provided for each segment.
• Automated Medication Dispensing Systems (further categorized into Centralized Systems (Robotic Systems and Carousels) and Decentralized Systems (Automated Unit-Dose Dispensing Systems, Pharmacy-Based Automated Dispensing Systems, Ward-Based Automated Dispensing Systems )
• Automated Storage and Retrieval Systems
• Automated Packaging and Labeling Systems (further divided into Unit-Dose Packaging & Labeling Systems and Multi-Dose Packaging & Labeling Systems)
• Table-top Tablet Counters
• Automated Drug Compounding Devices (further segmented into Compounding Systems for Solid Formulation, Compounding Systems for Liquid Formulation, Compounding Systems for Other Formulations)
• Others
Geographically, the following national markets are fully investigated:
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
For each of the aforementioned countries, detailed analysis and annual revenue are available for the period of 2014-2025. The breakdown of all national markets by end-user and product type over the forecast years is included.
The report also covers current competitive scenario and the predicted manufacture trend; and profiles key pharmacy automation systems vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Europe pharmacy automation systems market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players:
Abacus Rx, Inc.
Accu-Chart™ Plus Healthcare Systems, Inc.
Aesynt Incorporated
AmerisourceBergen Corporation
ARxIUM Inc.
Baxter Healthcare Corporation
Becton, Dickinson & Co
Capsa Solutions, LLC
Cerner Corporation
ForHealth Technologies
Health Robotics SRL
Innovation Associates, Inc.
InterMetro Industries Corporation
McKesson Corporation
Medacist Solutions Group, LLC.
Omnicell, Inc
Parata Systems
Pearson Medical Technologies, LLC
Pharmacy Automation Systems LLC
RxMedic Systems, Inc.
Rxsafe, LLC
Scriptpro LLC
Swisslog Holding AG
Talyst, LLC
TCGRX Pharmacy Workflow Solutions
Willach Pharmacy Solutions GmbH
Yaskawa Electric Corp.
Yuyama
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