North America Automated Dispensing Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Operation (Decentralized Systems, Centralized Systems); Application (Out-Patient Automated Dispensing, In-Patient Automated Dispensing); End User (Retail Pharmacies, Hospital Pharmacies, Others), and Country
The North America automated dispensing systems market accounted to US$ 814.69Mn in 2019 and is anticipated to grow at a CAGR of 7.8% to account for US$ 1,479.76Mn by 2027.
The market growth is estimated to be largest due to several driving factors such as large usage of automated dispensing systems in pharmacies, high awareness for automated systems, increasing prevalence of chronic diseases and growing geriatric population. However, problems associated with automated dispensing systems such as excessive use of overrides in cabinets with patient profiling and placing wrong program input are likely to pose a negative impact on the market growth.
Medication error is irrational, inappropriate, and ineffective medication dispensing that has the potential to harm the patient. Annually, the US Food and Drug Administration (FDA) receives over 1,00,000 reports that are associated with medication error. Further, as per the study on “Medication Errors” published in Stat Pearls in June 2020, every year around 7,000 to 9,000 people die in the US due to medication error. In the wake of the increasing incidence of deaths caused by medication errors, government agencies across the globe have started encouraging hospitals and pharmacies to implement advanced technologies for dispensing accurate dosage of medicines to manage medical conditions more effectively.
Hospitals are adopting advanced technologies such as automated dispensing systems to store, dispense, and track medicines in order to improve efficiency and patient safety. These systems enhance the efficiency of medication distribution and also minimize the medication errors in hospitals. As the majority of geriatric population suffers from various chronic diseases, there is increase in the demand for advanced medication.
The emerging markets in the developing countries are giving better opportunity for the major players to expand their business. Several companies are actively involved in developing novel, advanced medication management solutions for hospitals and pharmacies and applying error-free, fully automated medication management systems, with a strong focus on work flow of automated dispensing systems.
However, the COVID-19 pandemic is perplexing healthcare institutions in the region with unprecedented operational and clinical challenges showing a negative impact on market growth.. Research institutes, Pharmaceutical, and Biotech companies are engaged in collaborative work to address the COVID-19 outbreak.
North America Automated Dispensing Systems Market Revenue and Forecast to 2027 (US$ Mn)
Get more information on this report :
North America Automated Dispensing Systems Market–
North America Automated Dispensing Systems Market– By Operation
- Decentralized Systems
- Centralized Systems
North America Automated Dispensing Systems Market– By Application
- Out-Patient Automated Dispensing
- In-Patient Automated Dispensing
North America Automated Dispensing Systems Market– By End User
- Retail Pharmacies
- Hospital Pharmacies
- Others
North America Automated Dispensing Systems Market– By Country
- United States
- Canada
- Mexico
Company Profiles
- Cerner Corporation
- Capsa Healthcare
- OMNICELL INC.
- ARxIUM
- Accu-Chart Plus Healthcare Systems
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Automated Compounding Systems Market – By Product Type
1.3.2 North America Automated Compounding Systems Market– By End User
1.3.3 North America Automated Compounding Systems Market – By Country
2. North America Automated Compounding Systems Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Automated Compounding Systems Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Automated Compounding Systems Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Automated Compounding Systems Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Adoption of Chemotherapy and Personalized Medication
5.1.2 Rising Need to Minimize Medication Errors
5.2 Key Market Restraints
5.2.1 High Cost of the Automated Compounding Systems
5.3 Key Market Opportunities
5.3.1 Increasing Awareness in Pharmacists
5.4 Future Trends
5.4.1 Introduction of Novel Robotic Technology Automation in Compounding Systems
5.5 Impact Analysis
6. Automated Compounding Systems Market – North America Analysis
6.1 North America Automated Compounding Systems Market Revenue Forecasts and Analysis
7. North America Automated Compounding Systems Market Analysis and Forecasts To 2027 – By Product Type
7.1 Overview
7.2 North America Automated Compounding Systems Market, By Product Type 2019 & 2027 (%)
7.2.1 North America Automated Compounding Systems Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
7.3 Gravimetric Automated Compounding Systems
7.3.1 Overview
7.3.2 North America Gravimetric Automated Compounding Systems Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Volumetric Automated Compounding Systems
7.4.1 Overview
7.4.2 North America Volumetric Automated Compounding Systems Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America Automated Compounding Systems Market Analysis – By End-User
8.1 Overview
8.2 North America Automated Compounding Systems Market, By End-User 2019-2027 (%)
8.2.1 North America Automated Compounding Systems Market Revenue and Forecasts to 2027, By End-User (US$ Mn)
8.3 Hospitals
8.3.1 Overview
8.3.2 North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Chemotherapy Centers
8.4.1 Overview
8.4.2 North America Chemotherapy Centers Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Others
8.5.1 Overview
8.5.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Automated Compounding Systems Market Revenue and Forecasts To 2027 – Geographical Analysis
9.1 North America Automated Compounding Systems Market Revenue and Forecasts To 2027
9.1.1 Overview
9.1.2 North America: Automated Compounding Systems Market - Revenue and Forecast to 2027 (USD Million)
9.1.3 North America: Automated Compounding Systems Market – Volume and Forecast to 2027 (Units)
9.1.4 North America Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
9.1.5 North America Automated Compounding Systems Market, by Product Type – Volume and Forecast to 2027 (Units)
9.1.6 North America Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.7 North America: Automated Compounding Systems Market, by Country, 2019 & 2027 (%)
9.1.8 US: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1 US: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1.1 US Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
9.1.8.1.2 US Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.9 Canada: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.1 Canada: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.1.1 Canada Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
9.1.9.1.2 Canada Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.10 Mexico: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.10.1 Mexico: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.10.1.1 Mexico Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
9.1.10.1.2 Mexico Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
10. Impact Of COVID-19 Pandemic on North America Automated Compounding Systems Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. COMPANY PROFILES
11.1 Baxter International Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ICU MEDICAL INC.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 OMNICELL INC.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 EQUASHIELD
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 ARxIUM
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. North America Automated Compounding Systems Market Revenue and Forecasts To 2027, By Product Type (US$ Mn)
Table 2. North America Automated compounding systems Market Revenue and Forecasts To 2027, By End-User (US$ Mn)
Table 3. North America Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 4. North America Automated Compounding Systems Market, by Product Type – Volume and Forecast to 2027 (Units)
Table 5. North America Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 6. US Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 7. US Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 8. Canada Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 9. Canada Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Mexico Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. Automated Compounding Systems Market Segmentation
Figure 2. North America Automated Compounding Systems Market Overview
Figure 3. Gravimetric Automated Compounding Systems Segment Held Largest Share of Product Type in Automated Compounding Systems Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. North America Automated Compounding Systems Market - Leading Country Markets (US$ Mn)
Figure 6. Automated Compounding Systems Market - North America PEST Analysis
Figure 7. Automated Compounding Systems Market Impact Analysis of Driver and Restraints
Figure 8. North America Automated Compounding Systems Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. North America Automated Compounding Systems Market, By Product Type 2019 & 2027 (%)
Figure 10. North America Gravimetric Automated Compounding Systems Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. North America Volumetric Automated Compounding Systems Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. North America Automated Compounding Systems Market, by End-User 2019 & 2027 (%)
Figure 13. North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Chemotherapy Centers Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America: Automated Compounding Systems Market, by Key Country – Revenue (2019) (USD Million)
Figure 17. North America Automated Compounding Systems Market Revenue and Forecast to 2027 (USD Million)
Figure 18. North America Automated Compounding Systems Market Volume and Forecast to 2027 (Units)
Figure 19. North America: Automated Compounding Systems Market, by Country, 2019 & 2027 (%)
Figure 20. US: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
Figure 21. Canada: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
Figure 22. Mexico: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
Figure 23. Impact of Covid-19 Pandemic in North American Country Markets
- Cerner Corporation
- Capsa Healthcare
- OMNICELL INC.
- ARxIUM
- Accu-Chart Plus Healthcare Systems
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Automated Dispensing systems market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America Automated Dispensing Systems market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.