The Asia Pacific Pharmacy Automation Devices Market would witness market growth of 15.1% CAGR during the forecast period (2020-2026). The major causes of hospital re-admission around the globe are dispensing errors & medication errors. Various aspects like adverse practices in pharmacies, lack of communication between the physician & pharmacist, and the uncertainty occurred due to the similar kind of labels are collectively responsible for medication errors. In order to reduce medication errors, automated systems are the most effective & ideal solutions.
The number of medication & dispensing errors in hospitals can be substantially reduced by the effective installation of automated dispensing cabinets (ADCs) and automated dispensing machines in the hospitals. Therefore, governments across the globe are adopting automated dispensing & medication systems in pharmacies & hospitals to reduce the number of automated dispensing & medication errors. These factors are expected to contribute to the adoption & growth of pharmacy automation devices during the forecast period.
The companies face a lot of external pressure to enhance transparency & install innovative technologies due to the complicated & unparalleled limitation of keeping up corporate compliance in a virtual world. Several automated solutions are offered due to the new technological developments in the pharmacy automation industry. These benefits include higher prescription processing, a decrease in medication errors & inventory discrepancies, and an overall reduction in pharmacy expenditure.
Based on Product, the market is segmented into Medication Dispensing Systems, Packaging and Labeling Systems, Storage and Retrieval Systems, Automated Medication Compounding Systems, and Tabletop Tablet Counters. Based on End Use, the market is segmented into Retail Pharmacy and Hospital Pharmacy. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Automated Medication Compounding Systems Market by Country in 2019, thereby, achieving a market value of $87.8 million by 2026. The Japan market is experiencing a CAGR of 17% during (2020 - 2026). Additionally, The India market is showcasing promising growth rate during the forecast period.
Free Valuable Insights: Pharmacy Automation Devices Market in Asia Pacific is expected to register a CAGR of 15.1% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include McKesson Corporation, Baxter International, Inc., Becton, Dickinson and Company, ARxIUM, Inc., Omnicell, Inc., Kuka AG (Swisslog Healthcare), Cerner Corporation, Accu-Chart Plus Healthcare Systems, Inc., Pearson Medical Technologies, LLC, and ScriptPro, LLC.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Medication Dispensing Systems
- Packaging and Labeling Systems
- Storage and Retrieval Systems
- Automated Medication Compounding Systems
- Tabletop Tablet Counters
By End-Use
- Retail Pharmacy
- Hospital Pharmacy
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- McKesson Corporation
- Baxter International, Inc.
- Becton, Dickinson and Company
- ARxIUM, Inc.
- Omnicell, Inc.
- Kuka AG (Swisslog Healthcare)
- Cerner Corporation
- Accu-Chart Plus Healthcare Systems, Inc.
- Pearson Medical Technologies, LLC
- ScriptPro, LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Pharmacy Automation Devices Market, by Product
1.4.2 Asia Pacific Pharmacy Automation Devices Market, by End Use
1.4.3 Asia Pacific Pharmacy Automation Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
Chapter 4. Asia Pacific Pharmacy Automation Devices Market by Product
4.1 Asia Pacific Medication Dispensing Systems Market by Country
4.2 Asia Pacific Packaging and Labeling Systems Market by Country
4.3 Asia Pacific Storage and Retrieval Systems Market by Country
4.4 Asia Pacific Automated Medication Compounding Systems Market by Country
4.5 Asia Pacific Other Product Market by Country
Chapter 5. Asia Pacific Pharmacy Automation Devices Market by End Use
5.1 Asia Pacific Retail Pharmacy Market by Country
5.2 Asia Pacific Hospital Pharmacy Market by Country
Chapter 6. Asia Pacific Pharmacy Automation Devices Market by Country
6.1 China Pharmacy Automation Devices Market
6.1.1 China Pharmacy Automation Devices Market by Product
6.1.2 China Pharmacy Automation Devices Market by End Use
6.2 Japan Pharmacy Automation Devices Market
6.2.1 Japan Pharmacy Automation Devices Market by Product
6.2.2 Japan Pharmacy Automation Devices Market by End Use
6.3 India Pharmacy Automation Devices Market
6.3.1 India Pharmacy Automation Devices Market by Product
6.3.2 India Pharmacy Automation Devices Market by End Use
6.4 South Korea Pharmacy Automation Devices Market
6.4.1 South Korea Pharmacy Automation Devices Market by Product
6.4.2 South Korea Pharmacy Automation Devices Market by End Use
6.5 Singapore Pharmacy Automation Devices Market
6.5.1 Singapore Pharmacy Automation Devices Market by Product
6.5.2 Singapore Pharmacy Automation Devices Market by End Use
6.6 Malaysia Pharmacy Automation Devices Market
6.6.1 Malaysia Pharmacy Automation Devices Market by Product
6.6.2 Malaysia Pharmacy Automation Devices Market by End Use
6.7 Rest of Asia Pacific Pharmacy Automation Devices Market
6.7.1 Rest of Asia Pacific Pharmacy Automation Devices Market by Product
6.7.2 Rest of Asia Pacific Pharmacy Automation Devices Market by End Use
Chapter 7. Company Profiles
7.1 McKesson Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.1.5.2 Product Launches and Product Expansions:
7.2 Baxter International, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.1 Recent strategies and developments:
7.2.1.1 Acquisition and Mergers:
7.3 Becton, Dickinson and Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 ARxIUM, Inc.
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.4.2.2 Product Launches and Product Expansions:
7.5 Omnicell, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Acquisition and Mergers:
7.5.5.3 Product Launches and Product Expansions:
7.6 Kuka AG (Swisslog Healthcare)
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Product Launches and Product Expansions:
7.6.2.3 Acquisition and Mergers:
7.7 Cerner Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.8 Accu-Chart Plus Healthcare Systems, Inc.
7.8.1 Company Overview
7.9 Pearson Medical Technologies, LLC
7.9.1 Company Overview
7.10. ScriptPro, LLC
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Asia Pacific Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 2 Asia Pacific Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Pharmacy Automation Devices Market
TABLE 4 Product Launches And Product Expansions– Pharmacy Automation Devices Market
TABLE 5 Acquisition and Mergers– Pharmacy Automation Devices Market
TABLE 6 Asia Pacific Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 7 Asia Pacific Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 8 Asia Pacific Medication Dispensing Systems Market by Country, 2016 - 2019, USD Million
TABLE 9 Asia Pacific Medication Dispensing Systems Market by Country, 2020 - 2026, USD Million
TABLE 10 Asia Pacific Packaging and Labeling Systems Market by Country, 2016 - 2019, USD Million
TABLE 11 Asia Pacific Packaging and Labeling Systems Market by Country, 2020 - 2026, USD Million
TABLE 12 Asia Pacific Storage and Retrieval Systems Market by Country, 2016 - 2019, USD Million
TABLE 13 Asia Pacific Storage and Retrieval Systems Market by Country, 2020 - 2026, USD Million
TABLE 14 Asia Pacific Automated Medication Compounding Systems Market by Country, 2016 - 2019, USD Million
TABLE 15 Asia Pacific Automated Medication Compounding Systems Market by Country, 2020 - 2026, USD Million
TABLE 16 Asia Pacific Other Product Market by Country, 2016 - 2019, USD Million
TABLE 17 Asia Pacific Other Product Market by Country, 2020 - 2026, USD Million
TABLE 18 Asia Pacific Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 19 Asia Pacific Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 20 Asia Pacific Retail Pharmacy Market by Country, 2016 - 2019, USD Million
TABLE 21 Asia Pacific Retail Pharmacy Market by Country, 2020 - 2026, USD Million
TABLE 22 Asia Pacific Hospital Pharmacy Market by Country, 2016 - 2019, USD Million
TABLE 23 Asia Pacific Hospital Pharmacy Market by Country, 2020 - 2026, USD Million
TABLE 24 Asia Pacific Pharmacy Automation Devices Market by Country, 2016 - 2019, USD Million
TABLE 25 Asia Pacific Pharmacy Automation Devices Market by Country, 2020 - 2026, USD Million
TABLE 26 China Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 27 China Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 28 China Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 29 China Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 30 China Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 31 China Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 32 Japan Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 33 Japan Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 34 Japan Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 35 Japan Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 36 Japan Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 37 Japan Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 38 India Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 39 India Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 40 India Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 41 India Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 42 India Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 43 India Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 44 South Korea Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 45 South Korea Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 46 South Korea Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 47 South Korea Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 48 South Korea Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 49 South Korea Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 50 Singapore Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 51 Singapore Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 52 Singapore Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 53 Singapore Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 54 Singapore Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 55 Singapore Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 56 Malaysia Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 57 Malaysia Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 58 Malaysia Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 59 Malaysia Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 60 Malaysia Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 61 Malaysia Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 62 Rest of Asia Pacific Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 63 Rest of Asia Pacific Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 64 Rest of Asia Pacific Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 65 Rest of Asia Pacific Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 66 Rest of Asia Pacific Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 67 Rest of Asia Pacific Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 68 Key Information – McKesson Corporation
TABLE 69 Key Information – Baxter International, Inc.
TABLE 70 Key information – Becton, Dickinson and Company
TABLE 71 key information – ARxIUM, Inc.
TABLE 72 Key Information – Omnicell, Inc.
TABLE 73 Key Information –Kuka AG
TABLE 74 key information – Cerner Corporation
TABLE 75 Key Information – Accu-Chart Plus Healthcare Systems, Inc.
TABLE 76 key Information – Pearson Medical Technologies, LLC
TABLE 77 key Information – ScriptPro, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Recent strategies and developments: McKesson Corporation
FIG 5 Recent strategies and developments: ARxIUM, Inc.
FIG 6 Recent strategies and developments: Omnicell, Inc.
FIG 7 Recent strategies and developments: Kuka AG