The global central fill pharmacy automation market is further analyzed on the basis of geographical regions, including North America, Europe, Asia-Pacific, and Rest of the World. North America contributed a significant share in the global central fill pharmacy automation market in 2018. The region concludes to a well-developed healthcare infrastructure having significant support for investment from government organizations. Moreover, there are several key players operating in the region such as ARxIUM Inc., which are incessantly advancing the automation technology for the pharmaceutical and biotechnology companies. For instance, in August 2018, ARxIUM Inc. launched a cGMP RIVA IV compounding system for 503B central-fill, outsourcing pharmacies, and hospitals. Furthermore, Europe is projected to exhibit the considerable growth in the global central fill pharmacy automation market during the forecast period. The growth rate is attributed to the factors such as increasing demand for prescription filling solutions in the developed economies of the region such as UK and Germany.
Some of the players operating in the global central fill pharmacy automation market include ARxIUM Inc., Innovation Associates, McKesson Corp., Omnicell, Inc., RxSafe, LLC, TCGRx, and Tension Envelope Corp. The companies are focused on the development of innovative equipment for the central fill pharmacy automation market to stay competitive in the global market. Geographical expansion, merger & acquisition, partnerships & collaborations, finding a new market or innovate in their core competency in order to expand individual market share are some of the key strategies adopted by major market players. For instance, in December 2018, TCGRx merged with Parata Systems, LLC to offer advanced technology for pharmacy solutions to support business growth.
Research Methodology:
The market study of the global central fill pharmacy automation market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog
The report is intended for research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
- Global Central Fill Pharmacy Automation Market Research and Analysis by Product
The Report Covers:
- Comprehensive research methodology of the global central fill pharmacy automation market.
- This report includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global central fill pharmacy automation market.
- Insights about market determinants which are stimulating the global central fill pharmacy automation market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
