Global Market for Pharmacy Automation to Reach Nearly $4.9 Billion
WELLESLEY, Massachusetts, April 9, 2014 /PRNewswire/ –
BCC Research [http://www.bccresearch.com ] (www.bccresearch.com) reveals in its new
report, PHARMACY AUTOMATION: TECHNOLOGIES AND GLOBAL MARKETS
, the global pharmacy automation market is expected to grow to nearly $4.9
billion in 2018, with a five-year compound annual growth rate (CAGR) of 8.8%. The
outpatient automated services segment is the fastest moving segment with an expected CAGR
The pharmacy automation market continues to gain momentum after experiencing
purchasing holds for equipment from hospitals and other health delivery facilities during
2008 and 2009.
Outpatient pharmacy automation revenues are expected to grow to an estimated $1.3
billion in 2018. This market includes dispensing/storage equipment, packaging and filling
equipment, and other equipment such as samples management, counting machines, and vial
Inpatient pharmacy automation
revenues account for the larger share of the market, with sales estimated
to reach about $3.6 billion in 2018. This market includes dispensing and storage
equipment, packaging equipment, narcotics management equipment, and other products such as
bedside bar-code scanning systems, automated medication labeling systems, automated tablet
splitters, and compounding systems.
“In order to remain competitive in the pharmaceutical dispensing business,
organizations will be highly dependent on efficient automation systems,” says BCC Research
instrumentation and sensors analyst Melissa Elder. “A large portion of inpatient
facilities are already highly automated; however, there are advancements in technology and
performance improvements every year, and these pharmacies will continue to seek out the
most efficient system to upgrade. In order to remain competitive in the pharmaceutical
dispensing business, organizations will be highly dependent on efficient automation
systems. Therefore, upgrades are likely to be an ongoing process.”
Both segments will continue to recover from economic conditions felt in key markets
such as the United States and moderate-high growth is expected through 2018.
PHARMACY AUTOMATION: TECHNOLOGIES AND GLOBAL MARKETS provides a comprehensive analysis
of the pharmacy automation market’s current operations and equipment, current trends, and
detailed patent analysis. It includes information regarding statistics for medication
errors, costs associated with pharmacy activities, the pharmacist shortage, and many other
issues affecting the pharmacy automation market. It also discusses pharmacy automation
product segments, including in-depth market and competitive analyses.
Editors and reporters, who wish to speak with the analyst, should contact Steven
Cumming at firstname.lastname@example.org.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more
profitable with intelligence that drives smart business decisions. These reports cover
today’s major industrial and technology sectors, including emerging markets. For more than
40 years we’ve helped customers identify new market opportunities with accurate and
reliable data and insight. These include market sizing, forecasting, industry overviews,
and identification of significant trends and key competitors. We partner with analysts who
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our customers unbiased measurements and assessments of these vital markets. Because our
reports offer a global focus, our customers include the top companies in industries around
the world as well as universities, major business schools, start-ups, consulting firms and
investment companies. BCC Research is a unit of Eli Research LLC. Visit our website at
www.bccresearch.com [http://www.bccresearch.com ] or call us at (+1) 781-489-7301.
Data and analysis extracted from this press release must be accompanied by a statement
identifying BCC Research LLC, 49-2 Walnut Park, Wellesley, MA 02481, Telephone: (+1)
781-489-7301; Email: email@example.com as the source and publisher. Thank you.
Contact: Steven Cumming
SOURCE BCC Research LLC