Market Overview:
The global out-patient pharmacy automation market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automation in pharmacies, rising number of outpatient surgeries, and growing geriatric population. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into automatic pill dispensing systems, packaging and labeling systems, and others. Automatic pill dispensing systems are further sub-segmented into unit dose packaging machines and multi-dose packaging machines. Packaging and labeling systems are further sub-segmented into primary packagers (cartoners) and secondary packagers (labelers). Others include automated storage & retrieval systems (ASRS) and automated medication dispensing cabinets (AMDCs). On the basis of application, hospitals accounted for majority share in 2017 owing to increasing number of outpatient surgeries being performed in hospitals across regions worldwide.
Product Definition:
Out-patient Pharmacy Automation is the use of technology to streamline the process of filling prescriptions for out-patients. This can include using software to manage patient information and prescription orders, or using robotics to fill and pack prescriptions. Out-patient Pharmacy Automation can improve efficiency and accuracy in filling prescriptions, which can lead to improved patient care.
Automatic Pill Dispensing Systems:
Automatic pill dispensing systems are used to disburse pills from a container without the need for manual intervention. It is an ideal solution for pharmacies that have limited or no inventory and serve only one patient at a time. These systems dispense the correct number of pills required by patients according to their prescribed dosage, eliminating human error and reducing medication errors.
Packaging And Labeling Systems:
Packaging and labeling systems are used for the purpose of product identification, theft prevention, and product traceability in out-patient pharmacy automation market. It helps to maintain accurate records with respect to inventory as well as sales.
These systems provide features such as barcode reading devices, RFID tags or labels coupled with packaging materials which can be scanned by a computer for tracking purposes.
Application Insights:
Based on application, the market is segmented into hospitals and clinics. The hospitals segment dominated the market in 2017 owing to factors such as increasing number of hospital-acquired pharmaceutical automation systems and an increase in demand for medication due to a rise in geriatric population, chronic diseases & conditions, and an increase in drug discovery & development activities.
The out-patient pharmacy automation systems are integrated with information technology that enables real-time inventory management of drugs, dispensing of drugs according to prescribed dosage rates using automated machines that help reduce human errors while packaging medicines. These types of solutions also enable pharmacies to manage patient information more efficiently by generating reports based on data entered into the system from paper prescription files thus improving workflow at pharmacies.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments by players in this region and growing demand for technologically advanced systems. Moreover, presence of sophisticated healthcare infrastructure and high adoption of IT services are some other factors contributing toward growth in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising geriatric population, improving economic conditions, and rapid development of healthcare infrastructure especially in India & China as a result of government support & funding along with private investment initiatives. In addition, favorable government policies such as 100% FDI allowed under automatic route are expected to contribute toward regional growth over the next eight years (2018-2030).
Growth Factors:
- Increasing demand for outpatient pharmacy automation from small and medium-sized pharmacies
- Rising demand for technologically advanced pharmacy automation systems
- Proliferation of automated dispensing cabinets in outpatient pharmacies
- Growing preference for self-service technologies in outpatient pharmacies
- Emergence of next-generation pharmacy automation systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Out-patient Pharmacy Automation Market Research Report
By Type
Automatic Pill Dispensing Systems, Packaging And Labeling Systems, Others
By Application
Hospitals, Clinics
By Companies
Baxter, BD, Capsa Healthcare, Cerner, Koninklijke Philips, OMNICELL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Out-patient Pharmacy Automation Market Report Segments:
The global Out-patient Pharmacy Automation market is segmented on the basis of:
Types
Automatic Pill Dispensing Systems, Packaging And Labeling Systems, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baxter
- BD
- Capsa Healthcare
- Cerner
- Koninklijke Philips
- OMNICELL
Highlights of The Out-patient Pharmacy Automation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automatic Pill Dispensing Systems
- Packaging And Labeling Systems
- Others
- By Application:
- Hospitals
- Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Out-patient Pharmacy Automation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Out-patient pharmacy automation is a system that helps pharmacists automate the dispensing of medications to patients in their outpatient setting. This can include prescriptions written by doctors, or over-the-counter medications. Automation allows pharmacists to more quickly and accurately fill prescriptions for patients, as well as keep track of inventory levels and dispense the correct medication to each patient.
Some of the major players in the out-patient pharmacy automation market are Baxter, BD, Capsa Healthcare, Cerner, Koninklijke Philips, OMNICELL.
The out-patient pharmacy automation market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Out-patient Pharmacy Automation Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Out-patient Pharmacy Automation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Out-patient Pharmacy Automation Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Out-patient Pharmacy Automation Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Out-patient Pharmacy Automation Market Size & Forecast, 2018-2028
4.5.1 Out-patient Pharmacy Automation Market Size and Y-o-Y Growth
4.5.2 Out-patient Pharmacy Automation Market Absolute $ Opportunity
Chapter 5 Global Out-patient Pharmacy Automation Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Out-patient Pharmacy Automation Market Size Forecast by Type
5.2.1 Automatic Pill Dispensing Systems
5.2.2 Packaging And Labeling Systems
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Out-patient Pharmacy Automation Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Out-patient Pharmacy Automation Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Out-patient Pharmacy Automation Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Out-patient Pharmacy Automation Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Out-patient Pharmacy Automation Analysis and Forecast
9.1 Introduction
9.2 North America Out-patient Pharmacy Automation Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Out-patient Pharmacy Automation Market Size Forecast by Type
9.6.1 Automatic Pill Dispensing Systems
9.6.2 Packaging And Labeling Systems
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Out-patient Pharmacy Automation Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Out-patient Pharmacy Automation Analysis and Forecast
10.1 Introduction
10.2 Europe Out-patient Pharmacy Automation Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Out-patient Pharmacy Automation Market Size Forecast by Type
10.6.1 Automatic Pill Dispensing Systems
10.6.2 Packaging And Labeling Systems
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Out-patient Pharmacy Automation Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Out-patient Pharmacy Automation Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Out-patient Pharmacy Automation Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Out-patient Pharmacy Automation Market Size Forecast by Type
11.6.1 Automatic Pill Dispensing Systems
11.6.2 Packaging And Labeling Systems
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Out-patient Pharmacy Automation Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Out-patient Pharmacy Automation Analysis and Forecast
12.1 Introduction
12.2 Latin America Out-patient Pharmacy Automation Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Out-patient Pharmacy Automation Market Size Forecast by Type
12.6.1 Automatic Pill Dispensing Systems
12.6.2 Packaging And Labeling Systems
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Out-patient Pharmacy Automation Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Out-patient Pharmacy Automation Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Out-patient Pharmacy Automation Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Out-patient Pharmacy Automation Market Size Forecast by Type
13.6.1 Automatic Pill Dispensing Systems
13.6.2 Packaging And Labeling Systems
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Out-patient Pharmacy Automation Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Out-patient Pharmacy Automation Market: Competitive Dashboard
14.2 Global Out-patient Pharmacy Automation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Baxter
14.3.2 BD
14.3.3 Capsa Healthcare
14.3.4 Cerner
14.3.5 Koninklijke Philips
14.3.6 OMNICELL
