Pharmacy Automation: Technologies and Global Markets
November 08, 2010
Wellesley, Mass. – According to a new technical market research report, PHARMACY AUTOMATION: TECHNOLOGIES AND GLOBAL MARKETS (IAS026B) from BCC Research (www.bccresearch.com), the global market value of pharmacy automation is estimated at nearly $2.2 billion in 2010. That is expected to increase to more than $2.7 billion in 2015, for a compound annual growth rate (CAGR) of 4.6%.
The largest segment of the market, made up of equipment to serve the inpatient population, is expected to increase at a 5-year CAGR of 5.2%, rising from an estimated $1.7 billion in 2010 to more than $2.2 billion in 2015.
The outpatient segment is expected to rise from $456 million in 2010 to $510 million in 2015, for a CAGR of 2.3%.
This report is designed to be a helpful business tool that will provide a thorough evaluation of the global pharmacy automation market. The geographical scope is global with special emphasis on the United States-Canada and the European Union, with supplemental data covering other geographical markets and trends. The report identifies pharmacy automation markets by inpatient and outpatient pharmacy settings, and by product type.
Although pharmacy automation dates back to the 1970s with the introduction of pill-counting machines, the pharmacy automation market continues to advance and deliver impressive technology and improve efficiency. The increasing demand for accuracy, safety, industry standards, and competency in the pharmacy environment by regulatory authorities, manufacturers, healthcare professionals, and consumers has forced the growth of this market.
The study includes information regarding statistics for medication errors, costs associated with pharmacy activities, the pharmacist shortage, and many other issues affecting the pharmacy automation market. Major pharmacy automation product segments include in-depth market and competitive analyses.
Pharmacy Automation: Technologies and Global Markets( IAS026B )
Publish Date: Sep 2010
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.
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