Central Fill Pharmacy Automation Market Effect Factors Analysis, Technology Progress, Revenue and Forecast

The Global Central Fill Pharmacy Automation Market is projected to reach USD 656 million by 2024 from USD 381 million in 2019, at a CAGR of 11.5%

ID: 1549134
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The increasing demand for specialty drugs being dispensed by central fill pharmacies is one of the primary drivers propelling the growth of this market. Other factors such as the need to minimize medication errors, growing patient volume (which in turn is increasing the burden on pharmacies), and the growing focus on automation to reduce labor costs are also driving market growth.

Central Fill Pharmacy Automation Market segmentation:


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The Major Players Operating in the Central Fill Pharmacy Automation Market:

Prominent players in the central fill pharmacy automation market are ARxIUM, Inc. (US), RxSafe, LLC (US), TCGRX Pharmacy Workflow Solutions (US), McKesson Corporation (US), Omnicell, Inc. (US), ScriptPro (US), Kuka AG (Germany), Innovation (US), R/X Automation Solutions (US), Tension Packaging & Automation (US), Cornerstone Automation Systems, LLC (CASI, US), and QMSI (US)

McKesson Corporation is the leading player in the central fill pharmacy automation market, offering products such as drug dispensing systems along with pharmacy management software solutions in this market. McKessontegrating services, among others.

Recent Developments in the Global Market:

- In 2018, TCGRx acquired Parata Systems, to expand the company

- In 2018, ARxIUM, Inc., launched cGMP RIVA IV Compounding system for 503B facilities.

- In 2018, Swisslog Healthcare acquired Talyst Systems, LLC. With the aim of expanding Swisslog

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Geographical Detailed Analysis for Central Fill Pharmacy Automation Market:

The market in Europe is expected to grow at the highest CAGR during the forecast period.



The Europe region is currently under-penetrated with respect to the number of central fill facilities. Countries such as the UK are adopting the central fill pharmacy model which will aid market growth in the coming years. Furthermore, the increasing demand for efficient prescription filling with the rising patient pool and the increasing focus of pharmacists on providing efficient patient care are key factors supporting the growth of the market.



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Date: 05/17/2019 - 07:45
Language: English
News-ID 1549134
Character count: 3224
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Freigabedatum: 17.05.2019
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