The North America Pharmacy Automation Devices Market would witness market growth of 11.5% CAGR during the forecast period (2020-2026). 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. In June 2020, Swisslog Healthcare introduced The Open Pharmacy platform in order to transform pharmacies into health hubs. Using these solutions, community pharmacies become capable of confronting various limitations and become flexible to new requirements and trends. These above-mentioned aspects are anticipated to increase the demand for these automation devices in the next few years.
The number of prescriptions has been increased due to the rising burden of chronic diseases & the growing geriatric population. As a result, the number of medication errors is expected to increase. This is fuelling the demand for pharmacy automation devices. In addition, the growth of the market is positively affected by a surge in initiatives by several companies, like the American Society of Health-System Pharmacists in order to decrease medication errors.
The end-users are helped by digitizing processes & enhancing workflow in the better management of costs & enhance efficiency across the range of care, bringing better outcomes & performance, and enabling them to redistribute time to focus on patient care. Automatic robotic delivery of prescribed medication & consulting to enhance pharmacy capability are some of the aspects included in this program. This, as a result, is expected to fuel the deployment of these solutions to streamline tasks by restricting non-essential human intervention, while complying with social distancing regulations.
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 U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Storage and Retrieval Systems Market by Country in 2019, thereby, achieving a market value of $590.1 million by 2026. The Canada market is experiencing a CAGR of 14.6% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 13.6% during (2020 - 2026).
Free Valuable Insights: Pharmacy Automation Devices Market in North America is expected to register a CAGR of 11.5% 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
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 North America Pharmacy Automation Devices Market, by Product
1.4.2 North America Pharmacy Automation Devices Market, by End Use
1.4.3 North America 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. North America Pharmacy Automation Devices Market by Product
4.1 North America Medication Dispensing Systems Market by Country
4.2 North America Packaging and Labeling Systems Market by Country
4.3 North America Storage and Retrieval Systems Market by Country
4.4 North America Automated Medication Compounding Systems Market by Country
4.5 North America Other Product Market by Country
Chapter 5. North America Pharmacy Automation Devices Market by End Use
5.1 North America Retail Pharmacy Market by Country
5.2 North America Hospital Pharmacy Market by Country
Chapter 6. North America Pharmacy Automation Devices Market by Country
6.1 US Pharmacy Automation Devices Market
6.1.1 US Pharmacy Automation Devices Market by Product
6.1.2 US Pharmacy Automation Devices Market by End Use
6.2 Canada Pharmacy Automation Devices Market
6.2.1 Canada Pharmacy Automation Devices Market by Product
6.2.2 Canada Pharmacy Automation Devices Market by End Use
6.3 Mexico Pharmacy Automation Devices Market
6.3.1 Mexico Pharmacy Automation Devices Market by Product
6.3.2 Mexico Pharmacy Automation Devices Market by End Use
6.4 Rest of North America Pharmacy Automation Devices Market
6.4.1 Rest of North America Pharmacy Automation Devices Market by Product
6.4.2 Rest of North America 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 North America Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 2 North America 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 North America Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 7 North America Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 8 North America Medication Dispensing Systems Market by Country, 2016 - 2019, USD Million
TABLE 9 North America Medication Dispensing Systems Market by Country, 2020 - 2026, USD Million
TABLE 10 North America Packaging and Labeling Systems Market by Country, 2016 - 2019, USD Million
TABLE 11 North America Packaging and Labeling Systems Market by Country, 2020 - 2026, USD Million
TABLE 12 North America Storage and Retrieval Systems Market by Country, 2016 - 2019, USD Million
TABLE 13 North America Storage and Retrieval Systems Market by Country, 2020 - 2026, USD Million
TABLE 14 North America Automated Medication Compounding Systems Market by Country, 2016 - 2019, USD Million
TABLE 15 North America Automated Medication Compounding Systems Market by Country, 2020 - 2026, USD Million
TABLE 16 North America Other Product Market by Country, 2016 - 2019, USD Million
TABLE 17 North America Other Product Market by Country, 2020 - 2026, USD Million
TABLE 18 North America Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 19 North America Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 20 North America Retail Pharmacy Market by Country, 2016 - 2019, USD Million
TABLE 21 North America Retail Pharmacy Market by Country, 2020 - 2026, USD Million
TABLE 22 North America Hospital Pharmacy Market by Country, 2016 - 2019, USD Million
TABLE 23 North America Hospital Pharmacy Market by Country, 2020 - 2026, USD Million
TABLE 24 North America Pharmacy Automation Devices Market by Country, 2016 - 2019, USD Million
TABLE 25 North America Pharmacy Automation Devices Market by Country, 2020 - 2026, USD Million
TABLE 26 US Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 27 US Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 28 US Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 29 US Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 30 US Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 31 US Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 32 Canada Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 33 Canada Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 34 Canada Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 35 Canada Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 36 Canada Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 37 Canada Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 38 Mexico Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 39 Mexico Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 40 Mexico Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 41 Mexico Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 42 Mexico Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 43 Mexico Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 44 Rest of North America Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 45 Rest of North America Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 46 Rest of North America Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 47 Rest of North America Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 48 Rest of North America Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 49 Rest of North America Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 50 Key Information – McKesson Corporation
TABLE 51 Key Information – Baxter International, Inc.
TABLE 52 Key information – Becton, Dickinson and Company
TABLE 53 key information – ARxIUM, Inc.
TABLE 54 Key Information – Omnicell, Inc.
TABLE 55 Key Information –Kuka AG
TABLE 56 key information – Cerner Corporation
TABLE 57 Key Information – Accu-Chart Plus Healthcare Systems, Inc.
TABLE 58 key Information – Pearson Medical Technologies, LLC
TABLE 59 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