Report : Europe Automated Compounding Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Gravimetric Automated Compounding Systems, Volumetric Automated Compounding Systems); End User (Hospitals, Chemotherapy Centers, Others), and Country
Gravimetric Automated Compounding Systems Segment Held Largest Share of EuropeAutomated Compounding Systems Market in 2019
According to The Insight Partners market research study of ‘Europe Automated Compounding Systems Marketto 2027 – Regional Analysis and Forecast by Product Type, and Enduser,’the Europeautomated compounding systems marketis expected to reach US$ 182.88 millionby 2027 from US$ 111.28 million in 2019. The market is estimated to grow with a CAGR of 6.6% from 2020 to 2027. The report provides trends prevailing in the Europeautomated compounding systems market and the factors driving market along with those that act as hindrances.
Based on the product type, the Europeautomated compounding systems market is segmented into gravimetric automated compounding systems and volumetric automated compounding systems.The gravimetric automated compounding systemssegment held the largest share of the market in 2019, also estimated to register the highest CAGR in the market during the forecast period. The growth of the gravimetric automated compounding systems is attributed to accuracy provided by the systems, preference by the pharmacies and hospitals for the gravimetric systems, enormous commercial use of these systems in the market. Moreover, the gravimetric automated compounding systems segment is anticipated to drive the growth of this market during the forecast period.
The Europeautomated compounding systems marketis expected to grow owing to the growing adoption of chemotherapy and personalized medication and rising need to minimize medication errors. However, high cost and reluctance to adopt the automated compounding system is expected to hinder the growth of the market during the forecast years.
Braun Melsungen AG, Comecer,Grifols, S.A, NewIconand Baxter International Inc.areamong the leading companies operating in the Europeautomated compounding systems market.
The report segments Europe Automated Compounding Systems Market as Follows:
Europe Automated Compounding Systems Market– By Product Type
Europe Automated Compounding Systems Market – By Enduser
Europe Automated Compounding Systems Market– By Geography
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