ARXIUM

Company Snapshot

Founded: 2015
Entity Type: Private
Region: Canada
Headquarter: Manitoba, Canada
Key Geographics: Canada, U.S.
Corporate Address: 96 Nature Park Way Winnipeg, Manitoba, R3P 0X8 Canada Tel. +1-204-943-0066 www.arxium.com

Company Overview

ARxIUM is a designer and developer of automated services for the hospital pharmacy. The company offers fully automated IV compounding system, automated packaging, dispensing, vial filling and high-volume systems. The company also provides inventory management, scheduling and workflow software, professional consulting and system implementation assistance.

ARxIUM developed the RIVA system to improve safety for patients and pharmacy technicians, increase efficiency in pharmacies and address regulatory changes. The RIVA system is a fully automated IV compounding system that can prepare IV syringes and bags. In 2019, the RIVA system prepared more than 10 million IV doses across all global installations. The company’s OptiFill system is the most widely used high-volume solution in pharmacies, processing more than 200 million prescriptions annually.

In November 2020, ARxIUM implemented a range of highly automated, interoperable systems and other workflow solutions in UNC Health Shared Services Center, UNC Hospitals and Rex Hospital. UNC Health’s used RxWorks Pro during the COVID-19 pandemic to provide readily available quantity on hand (QOH) data.

The company is involved in various sectors of pharmacy automation, and it has a presence in hospitals, outpatient clinics, long-term care facilities, specialty pharmacies, government pharmacies and centralized pharmacies. It has global distributors and partners.

ARXIUM In Reports

Pharmacy Automation: Technologies and Global Markets

BCC Research Market Analyst says global market for pharmacy automation is estimated to increase from $7.8 billion in 2023 to reach $12.7 billion by 2028, at a CAGR of 10.2%.

Pharmacy Automation: Technologies and Global Markets

BCC Research Market Report for pharmacy automation is estimated to increase from $6.3 billion in 2021 to $9.9 billion by 2026, at a compound annual growth rate of 9.4%

Pharmacy Automation: Technologies and Global Markets

The global market for pharmacy automation should grow from $5.1 billion in 2019 to $7.8 billion by 2024 at a compound annual growth rate (CAGR) of 8.6% for the period of 2019-2024.

Company's Business Segments

  • Product : Parts, Consumables, Others
  • Service : Automated Dispensing Cabinets, High Volume Prescription Fulfillment, Vial Fillers, Packaging Solutions, Inventory Management Software, Others

Applications/End User Industries

  • Customers
  • Distributors
  • Healthcare
  • Pharmaceuticals
AI Sentiment