Global Market For Inpatient And Outpatient Pharmacy Automation To Reach $3.8 Billion In 2017
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- (1888PressRelease) November 21, 2012 - Wellesley, Mass. - According to a new technical market research report, PHARMACY AUTOMATION: TECHNOLOGIES AND GLOBAL MARKETS (IAS026C) from BCC Research (www.bccresearch.com), the global inpatient and outpatient pharmacy automation market was valued at $2.4 billion in 2011 and should reach $2.6 billion in 2012. Total market value is expected to reach nearly $3.9 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 8%.
The inpatient segment is expected to have a value of nearly $2 billion in 2012 and more than $2.8 billion in 2017, a CAGR of 7.3%.
The outpatient segment should total $636 million in 2012 and $1 billion in 2017, a CAGR of 10.1%.
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 improved 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.
This report will help its readers:
Gain a comprehensive analysis of the pharmacy automation market's current operations and equipment
Receive information regarding statistics for medication errors, costs associated with pharmacy activities
Identify the major players in the industry most likely to compete well now and into the future
Review patent information relevant to the industry.
This study contributes to the areas of pharmaceuticals as well as automation and as such pharmaceutical biotechnical companies, research institutes, and physicians will find this study to be of interest, as well as original equipment manufacturers, suppliers, and end users.
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