DUBLIN, July 01, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/s8jnk7/outpatient) has announced the addition of the "Out-patient Pharmacy Automation Market in the US 2015-2019" report to their offering.
The analysts forecast the out-patient pharmacy automation devices market in the US to grow at a CAGR of 4.29% over the period 2014-2019.
Pharmacy automation, an automated drug handling and distributing process, improves the workflow by preventing manual errors. Automated pharmacy systems perform tasks such as counting of medications, mixing and measuring liquids and powders for compounding, maintaining a database on patients, and managing inventory. With the help of centralized pharmacies, pharmaceutical wholesalers can provide products and services to hospitals and retail pharmacies. Centralize pharmacies help minimize human error, increase productivity, reduce medication inventory costs, and increase patient safety. In addition, they enhance the operational capacity without the need to hire and train new staff members.
Pharmacy automation systems, such as automated medication-dispensing systems and automated packaging and labeling systems, are leased at a high price in the rental market. Since most small retail and independent pharmacies cannot afford the high initial cost required to buy automation systems, leasing or renting allows them to take advantage of automation systems and, consequently, eliminate inventory waste. The rental of pharmacy automation system is becoming popular in developed countries and is expected to have a positive impact on market growth in the future.
According to the report, automated drug-management systems promote a safer drug-administration environment and efficient medication management. Nearly 25% of patients in hospitals die from or are injured by an adverse drug event. Therefore, hospitals are increasingly adopting closed-loop medication systems, which heavily rely on IT resources, automated solutions, and software. All these systems are integrated with EMRs to improve drug management and administration by eliminating human error. Therefore, a rise in the adoption of automated medication-management systems is expected to drive the growth of the market during the forecast period.
Further, the report states that these devices are expensive, making them unaffordable for independent drugstore owners.
Based on application, the market can be segmented into the following:
- Automated medication dispensing systems
- Automated storage and retrieval systems
- Automated packaging and labeling systems
- Table-top tablet counters
- Automated compounding devices.
- CareFusion (acquired by Becton Dickinson)
- Parata Systems
Other Prominent Vendors
- Accu-Chart Plus Healthcare Systems
- Avery Weigh-Tronix
- Capsa Solutions
- ForHealth Technologies
- Innovation Associates
- Pearson Medical Technologies
- Rice Lake Weighing Systems
- RxMedic Systems
For more information visit http://www.researchandmarkets.com/research/s8jnk7/outpatient
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SOURCE Research and Markets