Asia-Pacific Pharmacy Automation Market, By Product Type (Automated Medication Dispensing Systems, Automated Storage & Retrieval Systems, Automated Packaging & Labelling Systems, Table-Top Tablets Counters, Automated Drug Compounding Devices, Others), End Users (Hospitals Pharmacies, Retail Pharmacies, Pharmacy Benefit Management Organizations, Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Market Analysis and Insights: Asia-Pacific Pharmacy Automation Market
Asia-Pacific pharmacy automation market is expected to gain market growth at a potential rate of 9.3% in the forecast period of 2020 to 2027. Rising need for reducing medical errors is the major factor driving market growth.
Pharmacy automation systems are designed for automating routine task for pharmacies to reduce medical errors and increasing time efficiency during workflow. It includes automating processes of distribution and workflow of medications. It also helps in analyzing and compounding medication, inventory management and keeping track of patient record.
Rising adoption and demand for pharmacy automation system in pharmacies, rising geriatric population and increasing prevalence of chronic diseases are factor driving market growth during forecast period whereas pharmacy automation with features of time efficiency and decreasing risk of errors in pharmacies workflow will propel demand in market in coming years. Moreover rising advancement in technology and innovation of new effective system will create lucrative opportunities for market. However strict regulatory procedures and high cost of pharmacy automation systems are restraining factors for market whereas unwillingness to adopt pharmacy automation due to high cost is challenging factor for market.
Asia-Pacific pharmacy automation market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Pharmacy Automation Market Scope and Market Size
Asia-Pacific pharmacy automation market is segmented on the basis of product type and end users. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on product type, Asia-Pacific pharmacy automation market is segmented into automated medication dispensing, automated storage & retrieval systems, automated packaging & labelling systems, table-top counters, automated drug compounding devices, and others. Automated medication dispensing systems is further segmented into centralized systems, and decentralized systems. Centralized systems segment is segmented into robotic systems and carousels. Decentralized systems segment is segmented into automated dispensing systems, ward based automated dispensing systems, and pharmacy based automated dispensing systems. Automated drug compounding devices is further segmented into compounding systems for solid formulation, compounding systems for liquid formulation, and compounding systems for other formulations.
- Asia-Pacific pharmacy automation market is also segmented on the basis of end user is segmented into hospital pharmacies, retail pharmacies, pharmacy benefit management organizations, and others.
Asia-Pacific Pharmacy Automation Market Country Level Analysis
Asia-Pacific pharmacy automation market is analysed and market size information is provided by country, product type and end users as referenced above.
The countries covered in the bone anchored hearing systems market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC).
The India and China is anticipated to register significant market growth rate due to rising economies, increasing medical tourism, rising number medical errors and high adoption rate of pharmacy automation system whereas rising healthcare IT infrastructure will boost regional market growth. Furthermore increasing geriatric population and rising insurance coverage has raised the standards of healthcare system in region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Asia-Pacific pharmacy automation market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Asia-Pacific Pharmacy Automation Market Share Analysis
Asia-Pacific pharmacy automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to bone anchored hearing systems market.
The major players covered in the Asia-Pacific pharmacy automation market report are McKesson Corporation, Yuyama Co. Ltd., Omnicell Inc., ScriptPro LLC, Cerner Corporation, Capsa Healthcare, Baxter, KUKA AG, Parata Systems LLC, RxSafe, LLC, ARxIUM, Swisslog Holdings AG, Talyst LLC, AmerisourceBergen Corporation, Abacus Rx, Inc., Health Technologies Inc., Pearson Medical Technologies LLC, Medacist Solutions Group, LLC, Pharmacy AutomationSystems LLC, Willach Pharmacy Solutions GmbH, eMagin, Kopin Corporation, AU Optronics Corporation, YASKAWA ELECTRIC CORPORATION and BD, among other domestic and global players. Bone anchored hearing systems market share data is available for global, Asia-Pacific, South America, Asia-Pacific, Asia-Pacific (APAC) and Middle East and Africa (MEA)separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Asia-Pacific Pharmacy Automation Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies.We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.