Central fill pharmacy automation includes the procedure of dealing with drugs, and circulation and distribution of medicines. The task of automatic pharmacy includes capsule counting, mixing powder, and compound measurement before dispatching. The unique feature of central fill pharmacy automation market includes the creation of a database for the particular patient suffering from a specific disease and ideal prescription for the same. The global central fill pharmacy automation market is expected to increase at a modest rate in near future. North America market is growing significantly owing to increasing number of central fill facilities and growing healthcare spending. Countries including UK, Ireland, and Germany have been implementing a central fill pharmacy model that will provide greater aid to the market growth in subsequent years. Moreover, growing chronic diseases, increasing efficient prescription filling with suitable medicines and focus of pharmacists on timely delivery of medicines to customers are the major factors that support the growth of the market.
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The escalating demand for correct medicine that is distributed by central fill automation drug store is one of the key factors driving the growth of the central fill pharmacy automation market. Furthermore, the rise in the population of the patients, the need for reducing treatment defects and emphasis on automation for minimizing the labor charges will contribute extraordinarily towards the market of central fill pharmacy automation for the years ahead. Furthermore, the enormous use of automated structures increases the throughput and a further improvement in the processed prescriptions will induce the central fill pharmacies to enhance the system of the distribution line of drugs prescribed. Additionally, the verification and delivery procedure adopted by the central fill pharmacy automation market can be improved. All these steps will result in positive effect on the central fill pharmacy automation market.
North America is at the dominant position when compared globally; this growth is attributed to the rise in the number of prescription errors, growth in the specialized medication dispensing facility and focus of citizens towards value-based healthcare facilities. Additionally, the massive acceptance of central fill automation market and installing automatic systems to assist the pharmacist enhancing the dispensing and compounding the drugs as per the requirement. Unexploited growth potential for the central fill pharmacy automation market and increasing dissemination of this market can be the key growth drivers in European market. Moreover, the escalating demand for specific and quality drugs and compounds encouraging pharmacists to improve the overall efficiency with the installation of central fill automation market. The need for enhancing the patient care services to boost the market expansion in the region of Europe is a key factor for the development of central fill pharmacy automation market. Asia-Pacific is also likely to witness a remarkable surge over the forecast period.
Key players in central fill pharmacy automation market include ARxIUM Inc., Capsa Healthcare, Capstone Consultants LLC, Conveyco Technologies Inc., Cornerstone Automation Systems LLC., Innovation Associations, Mckesson Corp., Noritsu Medical Group, Omni cell Inc., Parata Systems LLC. And so on. McKesson Corp has a major stake regarding the central fill automation market. Mckesson’s capacity of large volume or bulk transfer makes its operational efficiency to the next level in the healthcare services. The company also offers a wide range of services for centralized facilities including consulting, integrating services which include a cloud-based delivery model that strives to connect with customers with real-time consultation, and so on.
In 2018, TCGRx acquired the Parata system to expand the company’s share in the market. To acquire automatic blister card packaging technology and with this acquisition TCGRx’s inventory control has expanded thus resulting in the expansion of company’s field service network.
Current market trends covered in the market report:
The Global Central Fill Pharmacy Automation Market Segmentation
By Product
By Region
North America
Europe
Asia-Pacific
Rest of the World