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Robotic Pharmacy Prescription Dispensing Systems Market By Key vendors, Size, Share, Analysis and Forecasts To 2021

Tuesday, February 28, 2017 2:46
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Market Research analysts forecast the global robotic pharmacy prescription systems market to grow at a CAGR of 5.16% during the period 2017-2021.

According to the report, the automation of prescription dispensing is becoming increasingly essential because of the deficit in the quality staff in pharmacies. This has led to increased adoption of pharmacy automation systems to reduce dispensing errors, improvement in the dispensing process, optimization of space utilization in pharmacies, and delivery of more patient-centric services.

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Further, the report states that the average price of a robotic pharmacy dispensing system is approximately $200,000. Hence, it is considered expensive, especially for the use in small pharmacies as they have budget constraints. In addition, the maintenance costs of these machines in terms of servicing and consulting services prior to the integration in the overall pharmacy automation system will add significantly to the overall expenditure. The expenditure involved in modifying the pharmacy’s layout to accommodate these systems is another source of cost for pharmacies that are willing to adopt the systems. Remodeling and relocation of fixtures and consultation are essential for pharmacies investing on larger systems with demand for high volumes of medication. This has led to a low penetration rate of these systems in developing and low-income countries.

About Robotic Pharmacy Dispensing Systems 

Dispensing comprises processes from receiving a prescription to issuing the medicines. It is an essential process in patient care in healthcare facilities as all other processes prior to prescription dispensing will be redundant, if the medication has errors such as incorrect dosage or inappropriate packaging. As hospitals and retail pharmacies increase their investment in pharmacy automation solutions, the scope of products such as robotic pharmacy prescription dispensing systems will increase tremendously.

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Covered in this report 

The report covers the present scenario and the growth prospects of the global robotic pharmacy prescription systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of robotic pharmacy prescription systems.

The market is divided into the following segments based on geography: 

Global Thoracic Surgery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
Parata Systems

Other prominent vendors 

Market driver 
Need for reduction in medication errors
For a full, detailed list, view our report 

Market challenge 
Budget constraints with small-scale pharmacies
For a full, detailed list, view our report 

Market trend 
Improvement in customer support services
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

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