Central Fill Pharmacy Automation Market Research Report describing the professional information and in-depth study on the current state of the world market along with competitive analysis. Pharmacy Automation exploring the market size, trend, revenue and forecasts up to 2024. This report is a valuable source of guidance for companies and individuals offering Industry Chain Structure, Business Strategies, and Proposals for New Project Investments.
The Global Central Fill Pharmacy Automation Market is projected to reach USD 656 million by 2024 from USD 381 million in 2019, at a CAGR of 11.5%.
Central Fill Pharmacy Automation Market segmentation:
· based on product
· based on Service
· based on Vendor
· based on regions
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The Major Players Operating in the Central Fill Pharmacy Automation Market:
Prominent players in the central fill pharmacy automation market are ARxIUM, Inc. (US), RxSafe, LLC (US), TCGRX Pharmacy Workflow Solutions (US), McKesson Corporation (US), Omnicell, Inc. (US), ScriptPro (US), Kuka AG (Germany), Innovation (US), R/X Automation Solutions (US), Tension Packaging & Automation (US), Cornerstone Automation Systems, LLC (CASI, US), and QMSI (US)
McKesson Corporation is the leading player in the central fill pharmacy automation market, offering products such as drug dispensing systems along with pharmacy management software solutions in this market. McKesson’s high-volume solutions offer better operational efficiency to healthcare facilities and allow the company to customize solutions as per the requirement of different healthcare facilities. The company offers a wide range of services for centralized facilities such as consulting, setting up, and integrating services, among others.
Recent Developments in the Global Market:
- In 2018, TCGRx acquired Parata Systems, to expand the company’s existing growth initiatives with central fill, inventory control, and automated blister card packaging technologies.
- In 2018, ARxIUM, Inc., launched cGMP RIVA IV Compounding system for 503B facilities.
- In 2018, Swisslog Healthcare acquired Talyst Systems, LLC. With the aim of expanding Swisslog’s inpatient and outpatient pharmacy solutions along with the company’s field service network.
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Geographical Detailed Analysis for Central Fill Pharmacy Automation Market:
The market in Europe is expected to grow at the highest CAGR during the forecast period.
The Europe region is currently under-penetrated with respect to the number of central fill facilities. Countries such as the UK are adopting the central fill pharmacy model which will aid market growth in the coming years. Furthermore, the increasing demand for efficient prescription filling with the rising patient pool and the increasing focus of pharmacists on providing efficient patient care are key factors supporting the growth of the market.
