The Global Central Fill Pharmacy Automation Market Growth Accelerated By Adoption Of Automated Systems


Central Fill Pharmacy Automation Market

Central fill pharmacy automation involves automated systems that help improve productivity and efficiency in medication dispensing processes. Automated medication dispensing systems offer features like inventory management, packaging & labeling, quality control and increased pickup window that help reduce errors and wait times. These automated systems are seeing increased adoption as they help meet the growing prescription volumes in hospitals and pharmacies.

The global Central Fill Pharmacy Automation Market is estimated to be valued at US$ 537.78 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving the growth in central fill pharmacy automation market is the rising need to optimize medication dispensing through efficiencies. Central fill pharmacies help address this need by utilizing automated systems that can process high volumes of prescriptions with accuracy and speed. Automated technologies like carousels, robots and conveyor systems are seeing higher adoption as they offer benefits like reduced errors, inventory tracking and simplified workforce management. Their ability to optimize workflows in central fill pharmacies through efficient dispensing of hundreds of prescriptions per day is expected to boost the demand for central fill pharmacy automation systems over the forecast period.


Segment Analysis
The Global Central Fill Pharmacy Automation Market Analysis is dominated by equipment segment. Equipment segment comprises automated medication dispensing systems, automated packaging and labelling systems, automated table top counters, automated medication compounding systems and others. Among these, automated medication dispensing systems hold the major share due to their wide applications in hospitals, pharmacies and retail pharmacies as they help in reducing dispensing errors and improving workflow efficiency.

Key Takeaways

The global Central Fill Pharmacy Automation Market is estimated to be valued at US$ 537.78 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.


Regional analysis: North America is expected to dominate the central fill pharmacy automation market during the forecast period. This is attributed to high adoption of advanced technologies, presence of major players and growing need to improve efficiency of pharmacy operations.

Key players: Key players operating in the central fill pharmacy automation market are Ostara Nutrient Recovery Technologies Inc., Nutrient Recovery & Upcycling LLC, Cambi AS, AgriProtein Holdings Ltd., Anuvia Plant Nutrients, Ostrevent, Veolia, BioHiTech Global Inc., DVO, Inc., AgriReNew, Inc., Smithfield Foods, Inc., Aqua Green, Elemental Enzymes, Suez, Bioprocess Control. Major players are focusing on new product launches and agreements to gain more market share.

Get more insights on this topic: https://www.ukwebwire.com/central-fill-pharmacy-automation-market-size-and-share-analysis-growth-trends-and-forecasts/

Explore more information on this topic, Please visit: https://masstamilan.tv/parp-inhibitors-a-promising-class-of-drugs-in-cancer-treatment/

Comments

Post a Comment

Popular posts from this blog

The Plastic Bandages Market Is Anticipated To Witness High Growth Owing To Increased Demand For Cost-Effective Wound Care Solutions

Image
Plastic Bandages Market The plastic bandages market comprises flexible plastic strips coated with adhesive on one side, used to cover minor wounds, injuries, or irritation on the skin such as cuts, scrapes, burns, and blisters. Plastic bandages provide an effective and affordable wound care solution by protecting the wound from external contamination, further injury and trauma. They maintain a moist environment around the wound to accelerate the healing process. In comparison to traditional cloth or gauze bandages, plastic ones provide improved durability, flexibility, permeability to air and moisture. The global plastic bandages market is estimated to be valued at US$ 11.14 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the plastic bandages market are Johnson & Johnson, BSN Medical, 3M, Acelity L.P. Inc., Medline Industries Inc., ConvaTec Inc., Lohmann & Rauscher GmbH & Co. KG, Nitto...
Read more

Cannabis Extract Market Is Expected To Poised For Growth Due To Wide Range Of Medical Applications And Health Benefits

Image
  Cannabis Extract Market The Cannabis Extract Market is a fast-growing industry focused on processing and extracting medical compounds and oils from cannabis plants. Cannabis extracts offer advantages over dried plants, including consistent dosing and easy consumption. Cannabis extracts contain cannabinoids like CBD and THC that are used to treat conditions such as chronic pain, epilepsy, insomnia, and anxiety. The global Cannabis Extract Market is estimated to be valued at US$ 10,704.56 million in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Key Trends: Growth Accelerated by Rising Adoption of Cannabis Extracts The key trend driving growth in the Cannabis Extract Market is the rising adoption of cannabis extracts over dried plants. Cannabis extracts allow for precise and consistent dosing through easy-to-use formats like oils, edibles, and topicals. Extract...
Read more

India Geriatric Care Services Market Growth Accelerated By Expanding Elderly Population

Image
India Geriatric Care Services Market Geriatric care services help improve the health and quality of life of the elderly population. They provide care ranging from assistance with daily activities to complete personal and medical care. The services are highly essential for the growing elderly population who may need help due to the impact of age-related medical conditions or disabilities. The global India Geriatric Care Services Market is estimated to be valued at   US$ 29.42 Bn in 2023   and is expected to exhibit a   CAGR of 6.4%   over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The expanding elderly population is the primary driver boosting the growth of India's geriatric care services market. As per United Nations Population Fund (UNFPA), the population aged 60 years and above in India is projected to increase from 103 million in 2011 to 316 million by 2050. The rising senior population c...
Read more