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Pulished Date April, 2021
ID: 4379
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Europe Pharmacy Automation System Market Research Report – Segmented By Product, End-User and Country (United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact and Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 4379
Pages: 136

Europe Pharmacy Automation System Market Size (2021 to 2026)

The Pharmacy Automation System Market size in the European region is estimated to grow at a CAGR of 8.5% from 2021 to 2026. This market is estimated at USD 1.15 Billion in 2021 and is predicted to grow USD 1.73 billion by 2026. It captures 25% of the global market and is the second-largest market.

The European pharmacy automation system market is expected to be driven by a rising focus on disease prevention, an increasing need to reduce medication errors, and enhancing patient safety in the region. Also, the growing numbers of injuries and deaths resulting from errors in medical prescriptions are putting a strain on the healthcare system as a whole. Both healthcare practitioners and pharmacists are looking for more effective and precise technology to avoid such recurrent medical errors. Traditional pharmacies are automated with the use of robots and software. From the moment of order entry until medicine delivery, pharmacy automation technologies are utilized to improve accuracy. Consequently, pharmacies may more efficiently meet the needs of their patients and customers by automating the whole drug distribution process.  

Advanced technologies, like pharmacy automation systems, are increasingly emerging as the most effective solutions for addressing this critical issue. Growing healthcare expenditure is the major driving factor in the European healthcare market. Countries such as Spain and France have the strictest level of regulation regarding pharmacy and healthcare facilities; also, the escalating demand for pharmacy automation solutions and services are expanding the regional market growth. Since pharmacy organizations, governmental departments, and professional bodies across Europe support the adoption of pharmacy automation systems in hospitals and retail stores, the European Hospital Pharmacy Automation market is expected to grow at a CAGR of 5.02 percent during the forecast period.

Pharmacists are increasingly interested in automation systems since they automate time-consuming and regular operations such as drug preparation, storage, packing, dispensing, and retrieval. Additionally, these automated technologies improve pharmacy operations and reduce the chance of mistakes, allowing clinicians to concentrate on direct patient care.

However, the cost of implementing and installing pharmacy automation systems, on the other hand, is the major factor impeding the market's growth throughout the projection period. The market's expansion is being stifled by a lack of comprehensive understanding of current technologies in rural regions. In addition, the cost of installing and maintaining the systems is a little high, which cannot be affordable by the small-scale industry but remained challenging for the market.

This research report on the European pharmacy automation systems market has been segmented and sub-segmented into the following categories:

By Product:

  • Automated Medication Dispensing Systems                            
    • Centralized Automated Dispensing Systems        
      • Robots/Robotic Automated Dispensing Systems
      • Carousels
    • Decentralized Automated Dispensing Systems   
      • Automated unit-dose Dispensing Systems
      • Pharmacy-Based Automated Dispensing Systems
      • Ward-Based Automated Dispensing Systems
  • Automated Packaging and Labeling Systems                           
    • Automated unit-dose Packaging & Labeling Systems       
    • Automated Multi-Dose Packaging & Labeling Systems     
  • Automated Table-Top Counters                    
    • Automated Medication Compounding Systems  
  • Automated Storage and Retrieval Systems                               
  • Other Pharmacy Automation Systems          

By End User:

  • Inpatient Pharmacies                        
    • Acute Care Settings        
    • Long-Term Care Facilities             
  • Outpatient Pharmacies                     
    • Outpatient/Fast-Track Clinics     
    • Hospital Retail Settings  
  • Retail Pharmacies                
  • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies 

By Region:

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Geographically, the European Pharmacy Automation System Market is expected to command the highest share of the market during the period. The regional market growth is attributed to the evolving healthcare sector, growing healthcare spending, and growing concern about patient safety. Additionally, technological advancements in medication management hospitals and pharmacies, presence of key market players such as the UK, Germany, France, and Spain are expected to influence the market growth in this region. over the forecast period, Germany and UK have dominated the European pharmacy automation system market owing to the Concerns about insufficient inventory management may drive the expansion of high-volume dispensing cabinets since it leads to a high cost of inventory keeping, which can place a strain on merchants. In addition, the growing geriatric population and advancing healthcare sector in these countries are most likely to provide new opportunities for market expansion. A growing number of patients need high-quality treatment. Major upgrades to healthcare IT infrastructure are projected to boost demand for Pharmacy Automation Systems in the United Kingdom and Germany.

KEY MARKET PLAYERS:

A few of the noteworthy companies operating in the European Pharmacy Automation System Market profiled in this report are Becton, Dickinson, and Company (U.S.), Omnicell, Baxter International, Inc. (U.S.), ScriptPro LLC (U.S.), KUKA AG (Germany), TCGRx Pharmacy Workflow Solutions (U.S.), RxSafe, Inc. (U.S.), Cerner Corporation (U.S.), Capsa Healthcare (U.S.), Parata Systems LLC (U.S), LLC (U.S.), ARxIUM Inc. (U.S.) and Talyst Systems LLC. (U.S.).

  1. INTRODUCTION
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. RESEARCH METHODOLOGY
    1. Introduction
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Econometric Modelling
      4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. OVERVIEW
    1. Executive Summary
    2. Key Inferences
  4. DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES ANALYSIS
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. MARKET SEGMENTATION
    1. Product
      1. Introduction
      2. Automated Medication Dispensing Systems
        1. Centralized Automated Dispensing Systems
          1. Robots/Robotic Automated Dispensing Systems
          2. Carousels
        2. Decentralized Automated Dispensing Systems
          1. Automated Unit-Dose Dispensing Systems
          2. Pharmacy-Based Automated Dispensing Systems
          3. Ward-Based Automated Dispensing Systems
      3. Automated Packaging and Labeling Systems
        1. Automated Unit-Dose Packaging & Labeling Systems
        2. Automated Multi-Dose Packaging & Labeling Systems
      4. Automated Table-Top Counters
        1. Automated Medication Compounding Systems
      5. Automated Storage and Retrieval Systems
      6. Other Pharmacy Automation Systems
      7. Y-o-Y Growth Analysis, By Product
      8. Market Attractiveness Analysis, By Product
      9. Market Share Analysis, By Product
    2. End User
      1. Introduction
      2. Inpatient Pharmacies
        1. Acute Care Settings
        2. Long-Term Care Facilities
      3. Outpatient Pharmacies
        1. Outpatient/Fast-Track Clinics
        2. Hospital Retail Settings
      4. Retail Pharmacies
      5. Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
      6. Y-o-Y Growth Analysis, By End User
      7. Market Attractiveness Analysis, By End User
      8. Market Share Analysis, By End User
  6. GEOGRAPHICAL ANALYSIS
    1. Introduction
      1. Regional Trends
      2. Impact Analysis
      3. Y-o-Y Growth Analysis
      4. Market Attractiveness Analysis
      5. Market Share Analysis
    2. Europe
      1. Introduction
      2. United Kingdom
      3. France
      4. Spain
      5. Germany
      6. Italy
      7. Russia
      8. Sweden
      9. Denmark
      10. Switzerland
      11. Netherlands
      12. Rest of Europe
  7. STRATEGIC ANALYSIS
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. MARKET LEADERS' ANALYSIS
    1. Becton, Dickinson and Company
      1. Overview
      2. Products
      3. Financials (subjected to availability based on company type)
      4. Recent Developments
      5. SWOT analysis
      6. Analyst View
    2. Omnicell, Inc.
    3. Baxter International Inc.
    4. Cerner Corporation
    5. Kuka Aktiengesellschaft
    6. Capsa Healthcare
    7. Parata Systems LLC
    8. Scriptpro LLC
    9. Talyst, LLC
    10. Arxium, Inc.
  9. COMPETITIVE LANDSCAPE
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, collaborations and Joint Ventures
    4. New Product Launches
  10. MARKET OUTLOOK AND INVESTMENT OPPORTUNITIES
  11. APPENDIX
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of product and end user along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the Europe Market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Europe Pharmacy Automation System Market, By Product, From 2021 to 2026 (USD Million)
  2. Europe Automated Medication Dispensing Systems Market, By Region, From 2021 to 2026 (USD Million)
  3. Europe Automated Packaging And Labelling Systems Market, By Region, From 2021 to 2026 (USD Million)
  4. Europe Automated Table Top Counters Market, By Region, From 2021 to 2026 (USD Million)
  5. Europe Automated Medication Compounding Systems Market, By Region, From 2021 to 2026 (USD Million)
  6. Europe Automated Storage And Retrieval Systems Market, By Region, From 2021 to 2026 (USD Million)
  7. Europe Other Pharmacy Automation Systems Market, By Region, From 2021 to 2026 (USD Million)
  8. Europe Pharmacy Automation System Market, By End User, From 2021 to 2026 (USD Million)
  9. Europe Inpatient Pharmacies Market, By Region, From 2021 to 2026 (USD Million)
  10. Europe Outpatient Pharmacies Market, By Region, From 2021 to 2026 (USD Million)
  11. Europe Pharmacy Benefit Management Organization And Mail Order Pharmacies Market, By Region, From 2021 to 2026 (USD Million)
  12. Europe Retail Pharmacies Market, By Region, From 2021 to 2026 (USD Million)
  13. U.K. Pharmacy Automation System Market, By Product, From 2021 to 2026 (USD Million)
  14. U.K. Pharmacy Automation System Market, By End User, From 2021 to 2026 (USD Million)
  15. Germany Pharmacy Automation System Market, By Product, From 2021 to 2026 (USD Million)
  16. Germany Pharmacy Automation System Market, By End User, From 2021 to 2026 (USD Million)
  17. France Pharmacy Automation System Market, By Product, From 2021 to 2026 (USD Million)
  18. France Pharmacy Automation System Market, By End User, From 2021 to 2026 (USD Million)
  19. Italy Pharmacy Automation System Market, By Product, From 2021 to 2026 (USD Million)
  20. Italy Pharmacy Automation System Market, By End User, From 2021 to 2026 (USD Million)
  21. Spain Pharmacy Automation System Market, By Product, From 2021 to 2026 (USD Million)
  22. Spain Pharmacy Automation System Market, By End User, From 2021 to 2026 (USD Million)

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