Global central fill pharmacy automation market
Global central fill pharmacy automation market

Global central fill pharmacy automation market is expected to rise to estimated value $821.64 million forecast by 2026

Definition:

Central Fill as a Service (CFaaS), from McKesson High Volume Solutions, is an affordable alternative to a high-volume, automated prescription fulfillment facility. With Central Fill as a Service, qualifying pharmacies benefit from McKesson owning and operating the centralized pharmacy automation facility.

 

Analysis of Global central fill pharmacy automation market report:

Global central fill pharmacy automation market is expected to rise to an estimated value of USD 821.64 million by 2026 registering a healthy CAGR in the forecast period of 2019-2026. This rise in the market value can be attributed to the rising specialty drugs being dispensed by central fill pharmacies and the rising need to reduce medication errors.

 

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Market Drivers

  • Rising interest in specialized drugs and their demand which would accelerate the growth of this market
  • The rising need to reduce the cost of labor by replacing them with automated machines and devices
  • The urge and necessity to reduce treatment defects and errors
  • Increase in the number of patients due to unhealthy lifestyle
  • Technological advancements and increased expenditure in research and development would foster the growth of this market.

 

Market Restraints

  • High cost of acquisition and installation of equipments
  • Challenges pertaining to maintenance of logistics would hinder the growth of this market

 

Leading Key players profiled in this report are:

Some of the major market competitors currently working in the central fill pharmacy automation market are ARxIUM, RxSafe, Llc,  TCGRx, McKesson Corporation, Omnicell, Inc., Innovation Associates, Tension Packaging & Automation., Cornerstone Automation Systems, LLC., Quality Manufacturing Systems, Inc., www.rx30.com., Skledar Enterprises Inc., Parata Systems, Capstone Consultants LLC. and Providen Logistics Ltd. amongst others.

 

Global central fill pharmacy automation market Segmentation:

By Product & Service

  • Equipment
  • Automated Medication Dispensing System
  • Integrated Workflow Automation Systems
  • Automated Packaging & Labeling Systems
  • Automated Tabletop Counters
  • Automated Medication Compounding Systems
  • Automated Storage & Retrieval Systems
  • Others
  • Software
  • Services
  • Consulting
  • Workflow & Process Optimization
  • Facility Designing
  • Custom Software Development
  • Other Services
  • Licensing
  • Inventory Management
  • Turnkey System Manufacturing
  • Staffing

By Vendors

  • Equipment Vendors
  • Consulting Vendors

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific

 

Competitive Analysis:

Global central fill pharmacy automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of central fill pharmacy automation market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

 

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The Global central fill pharmacy automation market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global central fill pharmacy automation market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

 

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About Data Bridge Market Research 11334 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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