Companiesandmarkets.com

Global pharmacy automation market: 9% CAGR between 2012-2016

Press Release   •   Feb 26, 2013 10:46 GMT

The Global Pharmacy Automation market is to grow at a CAGR of 8.63 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in technological innovations. The Global Pharmacy Automation market has also been witnessing an increase in customer support services. However, the intense competition among vendors could pose a challenge to the growth of this market.

Increasing customer support services is one of the emerging trends in the Global Pharmacy Automation market. The vendors in the Global Pharmacy Automation market are providing all-inclusive customer support packages with the purchase or rental of pharmacy automation systems. Staff technicians are available toll-free 24 hours a day, 365 days a year for personalized technical support and operational guidance. Some of the vendors provide automated updates of the software and drug database which are included in the support package. Vendors are offering the end-users with several maintenance and post-purchase services to retain the customer base and to remain competitive in the market.

The increase in technological innovations is one of the major drivers in the Global Pharmacy Automation market. The demand for pharmacy automation products has increased significantly due to the technological advancements and sophisticated approaches in healthcare industry. Ongoing innovations are contributing to various healthcare operations on a regular basis. There has been increased emphasis on improving medication distribution by the companies and the pharmacies have become more receptive in accepting the same. The market is also expected to be driven by the introduction of advanced robotic prescription dispensing systems, central-fill systems, electronic-prescribing (e-prescribing), telehealth and automated kiosks during the forecast period.

The key vendors dominating this market space are McKesson Corp., ScriptPro LLC, Parata Systems LLC, and Swisslog Holdings AG. The other vendors mentioned in the report are CareFusion Corp., PickPoint Corp., Omnicell Inc., AmerisourceBergen Corp., and Kirby Lester LLC.

For more information on the Global pharmacy automation market, please click here: Global pharmacy automation market

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.