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Pharmacy Automation: Technologies and Global Markets

Published By :

BCC Research

Published Date : Aug 2019

Category :

Pharmaceutical

No. of Pages : 221 Pages

The total global market for pharmacy automation has an estimated value of REDACTED in 2019, an increase of REDACTED from REDACTED in 2018. The pharmacy automation market continues to gain momentum after experiencing purchasing holds for equipment from hospitals and other health delivery facilities in 2010 and 2014.

The two general segments covered in the report are inpatient and outpatient. Products included in the inpatient pharmacy automation market include dispensing and storage equipment; packaging equipment; narcotics management equipment; software and logistics products; and other products such as bedside barcode scanning systems, automated medication labelling systems, automated tablet splitters and compounding systems.

Products included in the outpatient pharmacy automation market include dispensing/storage equipment; packaging and filling equipment; software and logistics products; and other equipment, including samples management, counting machines and vial shredders.

Inpatient pharmacy automation revenues account for about REDACTED of sales in 2019. This is expected to remain relatively steady through 2024 despite slightly higher growth in the outpatient segment, where demand for state-of-the-art equipment is increasing.

Outpatient pharmacy automation markets are expected to account for about REDACTED of the total pharmacy automation market in 2024, increasing from REDACTED estimated for 2 019. Several factors are driving growth for these markets, including - 

  • Ageing population.
  • Improved drug therapy.
  • Access to medicines in rural and underdeveloped regions.
  • Steady construction in community pharmacy buildings throughout Europe.
  • Increasing disease incidence/prevalence.
  • Upgrading from older, outdated equipment.
  • Government incentives and requirements.
  • Long-term cost savings plans.
  • The growing use of IT in healthcare.
  • Demand for retail self-service options.
  • Streamlining operations and reducing errors/risk.

The trend of consolidation among pharmacy automation vendors is expected to continue. In recent years, the industry has experienced partnerships and acquisitions that have shaped the industry and produced major competitors in the industry."

Report Scope:

This BCC Research report is designed to be a helpful business tool that will provide a thorough evaluation of the global pharmacy automation market. The geographical scope is global but with special emphasis on the U.S. and developed Europe, with supplemental data covering other geographical markets and trends. The report identifies pharmacy automation markets by inpatient and outpatient pharmacy settings, and by product type. Within the global pharmacy automation market, there are two general pharmacy settings (market applications), each having second-level subsettings - 

Inpatient pharmacy automation.

  • Acute-care settings.
  • Long-term care settings. 
  • Outpatient pharmacy automation.
  • Outpatient/fast-track clinical settings.
  • Hospital retail settings.
  • Pharmacy benefit management services and other mail-order settings.
  • Retail pharmacy chains.

Each segment is further reviewed to provide detailed information on current and emerging products, current market estimates and market forecasts, and competitive analyses. Product segments covered in the report include - 

  • Dispensing/storage.
  • Packaging/filing.
  • Software/logistics.
  • Other products.

Report Includes:

  • 57 data tables and 35 additional tables
  • An overview of the global markets for pharmacy automation and related technologies
  • Analyses of global market trends, with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
  • Information regarding statistics for medication errors, costs associated with pharmacy activities, the pharmacist shortage and many other issues affecting the pharmacy automation market
  • A look at the impact of chronic diseases, and the pharmacy service industry and its value
  • Discussion of technology patent trends relating to automating processes in the pharmacy environment
  • Comprehensive profiles of leading companies in the industry with significant contributions and market shares, including Baxter International Inc., Becton, Dickinson & Co., Cerner Corp., Omnicell Inc., and Parata Systems LLC

Table of Contents

Chapter 1 Introduction

Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports

Chapter 2 Summary and Highlights
Market Overview
Drivers and Restraints
Leading Manufacturers

Chapter 3 Market and Technology Background
Pharmacy Automation Industry Structure
Background, History and Growth of the Pharmacy Automation Market
Employing Automation to Improve Current Medication Delivery Systems
Early Standardization of Barcodes
Joint Commission Involvement
Common Prescribing Mistakes
Regulatory Authorities
Joint Commission of Accredited Healthcare Organizations
Food and Drug Administration
European Medicines Agency
European Federation of Pharmaceutical Industries and Associations
European Monitoring Centre for Drugs and Drug Addiction
Royal Pharmaceutical Society of Great Britain
National Patient Safety Agency
Japanese Ministry of Health, Labor and Welfare
Central Drugs Standard Control Organization
Therapeutic Goods Administration
National Medical Products Administration
Federal Trade Commission
Drug Enforcement Administration
National Association of Boards of Pharmacy
ANVISA – Brazilian Health Surveillance Agency
Healthcare Personnel Trends
Pharmacy Personnel
Consumer Issues
Safety
Accuracy and Accountability
Medication Administration Errors
Medication Management Components
Organizational Structure and Its Effect on Errors
Implementation Issues
Lifting Barriers to Pharmacy Automation Implementation
Cost-Effectiveness in Pharmacy Automation
HealthWarehouse.com Deploys pharmacist
Eyecon System and Lakeview Pharmacy
Case Study: Parata Systems and Tara Pharmacy
TCGRx and Premier Pharmacy Services
Ohio Department of Mental Health
London Drugs
Med-Fast Pharmacy
U.S. Navy and ScriptPro’s Telepharmacy Solution
Evergreen Hospital Medical Center
Leesburg Regional Medical Center
Miami Children’s Hospital
Mountain View Hospital
Lucile Packard Children’s Hospital
UCSF Medical Center
St. Joseph Hospital
Industry Consolidation
Global Financial Conditions
Rising Healthcare Costs
Pharmaceutical Expenditures
Worldwide Population Growth
Global Birth Rates
Increasing Life Expectancy
Aging Populations

Chapter 4 Market Breakdown by Product Type
Market Highlights
Competitor Overview
Dispensing/Storage
Product Review
Narcotics Management
Packaging/Labeling
Packaging Innovation to Address Compliance Issues
Cannabis Packaging: Emerging Opportunities
Product Review
IV Compounding Equipment
Software/Logistics
Electronic Medication Administration
EHR Integration
E-Prescribing Trends
Meaningful Use: A Push for EHR Integration and Logistics Systems
Trends in RFID
Product Review
Advances in Electronic Prescription Monitoring Programs - e-Prescribing
Development of Drug Monitoring
Other Pharmacy Automation
Product Review

Chapter 5 Market Breakdown by Application
Market Highlights
Industry Structure
Inpatient Pharmacy Automation
Dispensing and Storage Equipment
Inpatient Pharmacy Automation Vendor Review
Implementation and Equipment Analysis
Outpatient Pharmacy Automation
Outpatient Pharmacy Automation Vendor Review
Implementation and Equipment Analysis

Chapter 6 Market Breakdown by Region
Market Highlights
Global Analysis
Pharmacy Automation Adoption by Region
United States
Developed Europe
Emerging Europe
Asia-Pacific
Other Regions

Chapter 7 Technology Evaluation
Overview
Current Uses of Technology
Medication Inspection
Communication Network Technology
Biometric-type Identification Technology
Infrared Technology
Automated Parenteral Dispensers
Barcode Technology
RFID Technology
Automated Pharmacy Inventory Management Systems
Automated Dispensing Cabinets
Robotics
Patent Evaluation
Patent Review by Year
Patent Review by Assignee
Patent Holder Summary
Patent Review by Country

Chapter 8 Company Profiles
AXIOM
BAXTER INTERNATIONAL INC.
BECTON, DICKINSON & CO.
CAPSA HEALTHCARE
CERNER CORP.
EUCLID MEDICAL PRODUCTS
INNOVATION ASSOCIATES
MEDICAL PACKAGING INC. 
OMNICELL INC.
PARATA SYSTEMS LLC 
SCRIPT PRO LLC
SWISSLOG AG

Chapter 9 State Controlled Substances Contacts

Chapter 10 Appendix: Abbreviations and Glossary of Terms

 

List of Table

List of Tables

Summary Table A : Global Market for Pharmacy Automation, by Application (Inpatient, Outpatient), Through 2024
Summary Table B : Pharmacy Automation Equipment Providers and Products
Table 1 : List of Abbreviations Used in Medical Prescriptions and Possible Confusion Meanings
Table 2 : Average Annual Adverse Drug Reactions and Medication Administration Errors
Table 3 : Widely Reported Types of Medication Errors
Table 4 : AHRQ Strategies to Prevent Adverse Drug Events
Table 5 : State Rules/Regulations Governing Telepharmacy Implementation
Table 6 : Pharmacy Automation Company Mergers and Acquisitions,* 1997-2018
Table 7 : Healthcare Expenditure as a Percentage of GDP, by Country, 2014-2017*
Table 8 : Pharmaceutical Expenditures as a Percentage of Health Expenditures, by Country, 2005-2016
Table 9 : Pharmaceutical Expenditures Per Capita, by Country, 2005-2016
Table 10 : Birth Rates for Selected Countries, 2018
Table 11 : Life Expectancy Data and Projections, 1970-2015
Table 12 : Top 10 Countries with Highest Life Expectancy at Age 65, 2017 Estimates
Table 13 : Percentage of Total Population Aged 65 Years and Older, Select Countries, 2014
Table 14 : Global Market for Pharmacy Automation, by Type, Through 2024
Table 15 : Global Market Share for Pharmacy Automation, by Type, 2019
Table 16 : Global Pharmacy Automation Market’s Top Participants, Estimated 2019
Table 17 : Pharmacy Automation: Primary Industry Participation, by Equipment Type, 2018/2019
Table 18 : Global Market for Pharmacy Dispensing/Storage Equipment, by Application, Through 2024
Table 19 : Pharmacy Automation: Inpatient Dispensing/Storage Equipment Summary
Table 20 : Pharmacy Automation: Outpatient Dispensing/Storage Equipment Summary
Table 21 : Global Market for Pharmacy Narcotics Management Equipment, by Application, Through 2024
Table 22 : Prescribing Practices for Opioid Drugs/High-Dosage Opioid Drugs, 2006-2017
Table 23 : Pharmacy Automation: Narcotics Management Equipment Summary
Table 24 : Global Market for Pharmacy Packaging/Labeling Equipment, by Application, Through 2024
Table 25 : Effectiveness of Fibromyalgia Treatments: Cannabis vs. Pharmaceutical Therapies (2014 National Pain Foundation Survey)
Table 26 : Pharmacy Automation: Oral Inpatient Packaging Equipment Summary
Table 27 : Pharmacy Automation: Long-Term Care Packaging Equipment Summary
Table 28 : Pharmacy Automation: Outpatient Packaging/Labeling Equipment Summary
Table 29 : Global Market for Pharmacy IV Compounding Equipment, by Application, Through 2024
Table 30 : Pharmacy Automation: Compounding Equipment Summary
Table 31 : Global Market for Pharmacy Software and Logistics Products, by Application, Through 2024
Table 32 : Percentage of Office-Based Physicians Using Any Electronic Health Records or Electronic Medical Records, by State, 2014
Table 33 : Percentage of Physicians e-Prescribing Through and EHR, by State, December 2008 and April 2014
Table 34 : Electronic Healthcare “Meaningful Use” Stages Established by CMS, 2011-2019
Table 35 : Pharmacy Automation: Software/Logistics Product Summary
Table 36 : Harold Rogers PDMP – Comprehensive Opioid Abuse Grant Program Funding, FY2002-FY2018
Table 37 : Benefits of Prescription Monitoring Programs for Medical Boards
Table 38 : Electronic Prescription Monitoring Programs, Enacted Data, by State, 1995-2011
Table 39 : Global Market for Other Pharmacy Automation Equipment, by Application, Through 2024
Table 40 : Pharmacy Automation: Other Products/Equipment (Inpatient) Summary
Table 41 : Pharmacy Automation: Other Product/Equipment (Outpatient) Summary
Table 42 : Global Market for Pharmacy Automation, by Application, Through 2024
Table 43 : Global Market for Pharmacy Automation, Application and Type, 2019
Table 44 : Pharmacy Automation: Primary Industry Participation, by Application, 2018/2019
Table 45 : Global Market for Inpatient Pharmacy Automation, by Type, Through 2024
Table 46 : Inpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2019
Table 47 : Inpatient Pharmacy Automation Packaging Systems, by Type, 2019
Table 48 : Inpatient Pharmacy Automation Software and Logistics, 2019
Table 49 : Other Inpatient Pharmacy Automation Equipment, by Type, 2019
Table 50 : Global Inpatient Pharmacy Automation Equipment Manufacturers’ Market, Estimated 2019
Table 51 : Global Market for Inpatient Pharmacy Automation, by Broad Setting, 2019
Table 52 : Estimated Number of Hospitals/Inpatient Acute Care Centers and Beds Available, by Country, 2017
Table 53 : Average Length of Hospital Stays, by Country, 2006 and 2016
Table 54 : Long-Term Care and Nursing Home Beds and Recipients, by Country, 2017
Table 55 : Hospice Facts, 2015
Table 56 : Inpatient Pharmacy Automation Equipment Cost Analysis
Table 57 : Global Market for Outpatient Pharmacy Automation, by Type, Through 2024
Table 58 : Global Market for Outpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2019
Table 59 : Global Market for Outpatient Pharmacy Automation Packaging and Labeling Equipment, by Type, 2019
Table 60 : Global Market for Outpatient Pharmacy Automation Software and Logistics, 2019
Table 61 : Global Market for Outpatient Pharmacy Automation Other Equipment, by Type, 2019
Table 62 : Global Market for Outpatient Pharmacy Automation Equipment, by Manufacturer, Estimated 2019
Table 63 : Global Market for Outpatient Pharmacy Automation, by Setting, 2019
Table 64 : U.S. Medication Therapy and Number of Medications Mentioned at Office Visits, 2016
Table 65 : Physician Office: Number of Office Visits, by Country, Estimated 2017*
Table 66 : Leading U.S. Pharmacy Benefit Management Organizations/Mail-Order Groups
Table 67 : Private and Managed Care Organization PBM Participation in the U.S.
Table 68 : Leading U.S. Retail Pharmacy Chains’ Sales Activity, 2018
Table 69 : U.S. Retail Pharmacy Chains: Number of Locations, by State
Table 70 : Analysis of Outpatient Pharmacy Automation Equipment
Table 71 : Global Market for Pharmacy Automation, by Region, Through 2024
Table 72 : Global Market for Pharmacy Automation, by Application and Region, 2019
Table 73 : Pharmacy Automation Adoption, by Region and Inpatient Facilities, 2018-2019
Table 74 : Pharmacy Automation Adoption, by Region and Outpatient Facilities, 2018-2019
Table 75 : U.S. Market for Pharmacy Automation, by Application, Through 2024
Table 76 : Developed Europe’s Market for Pharmacy Automation, by Application, Through 2024
Table 77 : Emerging Europe’s Market for Pharmacy Automation, by Application, Through 2024
Table 78 : Asia-Pacific Market for Pharmacy Automation, by Application, Through 2024
Table 79 : Other Regions’ Market for Pharmacy Automation, by Application, Through 2024
Table 80 : Patent Review of Pharmacy Automation and Robotics, by Year, 1995-2019
Table 81 : Patent Review of Pharmacy Automation, by Assignee
Table 82 : Patent Share for Pharmacy Automation, by Country
Table 83 : U.S. Patents for Pharmacy Automation, by State
Table 84 : Baxter International Inc.: Company Financials, 2017-2018
Table 85 : Becton, Dickinson & Co.: Company Financials, 2017-2018
Table 86 : Cerner Corp.: Company Financials, 2017-2018
Table 87 : Omnicell Inc.: Company Financials, 2017-2018
Table 88 : Swisslog AG: Company Financials, 2017-2018
Table 89 : State Controlled Substances Scheduling Authorities and Other Contact Information
Table 90 : Abbreviations Used in Pharmacy Automation
Table 91 : Glossary of Terms Used in Pharmacy Automation

 

List of Chart

List of Figures

Summary Figure : Global Market for Pharmacy Automation, by Application (Inpatient, Outpatient), 2018-2024
Figure 1 : Healthcare Expenditure as a Percentage of GDP, by Country, 2014-2017*
Figure 2 : Pharmaceutical Expenditures as a Percentage of Health Expenditures, by Country, 2005-2016
Figure 3 : Pharmaceutical Expenditures Per Capita, by Country, 2005-2016
Figure 4 : Global Market for Pharmacy Automation, by Type, 2018-2024
Figure 5 : Global Market Share for Pharmacy Automation, by Type, 2019
Figure 6 : Global Pharmacy Automation Market Top Participants, Estimated 2019
Figure 7 : Global Pharmacy Automation Participants’ Market Shares, Estimated 2019
Figure 8 : Market Participation by Vendor, Change in Market Share Forecast, 2019 vs. 2024
Figure 9 : Global Market for Pharmacy Dispensing/Storage Equipment, by Application, 2018-2024
Figure 10 : Global Market Share of Pharmacy Dispensing/Storage Equipment, by Application, 2019
Figure 11 : Global Market for Pharmacy Narcotics Management Equipment, by Application, 2018-2024
Figure 12 : Global Market Share of Pharmacy Narcotics Management Equipment, by Application, 2019
Figure 13 : Opioid Analgesic Overdose Deaths, 1999 vs. 2017
Figure 14 : Global Market for Pharmacy Packaging/Labeling Equipment, by Application, 2018-2024
Figure 15 : Global Market Share of Pharmacy Packaging/Labeling Equipment, by Application, 2019
Figure 16 : Global Market for Pharmacy IV Compounding Equipment, by Application, 2018-2024
Figure 17 : Global Market Share of Pharmacy IV Compounding Equipment, by Application, 2019
Figure 18 : Global Market for Pharmacy Software and Logistics Products, by Application, 2018-2024
Figure 19 : Global Market Share of Pharmacy Software and Logistics Products, by Application, 2019
Figure 20 : Total Number of States with Electronic Prescription Monitoring Programs, by Year of Enactment, 1990-2017
Figure 21 : Total Number of States with Electronic Prescription Monitoring Programs, by Year PMP Became Operational, 1990-2018
Figure 22 : Global Market for Other Pharmacy Automation Equipment, by Application, 2018-2024
Figure 23 : Global Market Share of Other Pharmacy Automation Equipment, by Application, 2019
Figure 24 : Global Market for Pharmacy Automation, by Application, 2018-2024
Figure 25 : Global Market Share for Pharmacy Automation, by Application, 2019
Figure 26 : Global Market for Inpatient Pharmacy Automation, by Type, 2018-2024
Figure 27 : Global Market for Inpatient Pharmacy Automation, by Type, 2019
Figure 28 : Inpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2019
Figure 29 : Inpatient Pharmacy Automation Packaging Systems, by Type, 2019
Figure 30 : Other Inpatient Pharmacy Automation Equipment, by Type, 2019
Figure 31 : Global Inpatient Pharmacy Automation Equipment Manufacturers’ Market, Estimated 2019
Figure 32 : Global Inpatient Pharmacy Automation Equipment Manufacturers’ Market Share, Estimated 2019
Figure 33 : Global Market for Inpatient Pharmacy Automation, by Broad Setting, 2019
Figure 34 : Estimated Number of Hospitals/Inpatient Acute Care Centers and Beds Available, by Country, 2017
Figure 35 : Average Length of Hospital Stays, by Country, 2006 and 2016
Figure 36 : Global Market for Outpatient Pharmacy Automation, by Type, 2018-2024
Figure 37 : Global Market Share for Outpatient Pharmacy Automation, by Type, 2019
Figure 38 : Global Market Share for Outpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2019
Figure 39 : Global Market Share for Outpatient Pharmacy Automation Packaging and Labeling Equipment, by Type, 2019
Figure 40 : Global Market for Outpatient Pharmacy Automation Other Equipment, by Type, 2019
Figure 41 : Global Market for Outpatient Pharmacy Automation Equipment, by Manufacturer, Estimated 2019
Figure 42 : Outpatient Pharmacy Automation Equipment Manufacturers’ Market Shares, Estimated 2019
Figure 43 : Global Drug Sales Market Share, by Country, 2018
Figure 44 : Global Market for Outpatient Pharmacy Automation, by Setting, 2019
Figure 45 : Pharmacy Locations, by Pharmacy Chain, 2008-2018
Figure 46 : U.S. Retail Pharmacy Chains: Number of Locations, by State
Figure 47 : Distribution of Walgreen Pharmacies in the U.S., by State, Fiscal 2014*
Figure 48 : Distribution of CVS Pharmacies in the U.S., by State, 2017*
Figure 49 : Distribution of Rite Aid Pharmacies in the U.S., by State, 2018
Figure 50 : Global Market for Pharmacy Automation, by Region, 2018-2024
Figure 51 : Global Market Share for Pharmacy Automation, by Region, 2019
Figure 52 : U.S. Market for Pharmacy Automation, by Application, 2018-2024
Figure 53 : U.S. Market Share for Pharmacy Automation, by Application, 2019
Figure 54 : Developed Europe’s Market for Pharmacy Automation, by Application, 2018-2024
Figure 55 : Developed Europe’s Market Share for Pharmacy Automation, by Application, 2019
Figure 56 : Emerging Europe’s Market for Pharmacy Automation, by Application, 2018-2024
Figure 57 : Emerging Europe’s Market Share for Pharmacy Automation, by Application, 2019
Figure 58 : Asia-Pacific Market for Pharmacy Automation, by Application, 2018-2024
Figure 59 : Asia-Pacific Market Share for Pharmacy Automation, by Application, 2019
Figure 60 : Other Regions’ Market for Pharmacy Automation, by Application, 2018-2024
Figure 61 : Other Regions’ Market Share for Pharmacy Automation, by Application, 2019
Figure 62 : Patent Share for Pharmacy Automation and Pharmacy Robotics Assignees, June 1999-June 2019

 

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