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Global Robotic Pharmacy Prescription Dispensing Systems Market 2017-2021

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.

Technavio’s analysts forecast the global robotic pharmacy prescription systems market to grow at a CAGR of 5.16% during the period 2017-2021.

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:

  • Americas
  • APAC
  • EMEA
Technavio's report, 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
  • BD
  • Omnicell
  • Parata Systems
  • ScriptPro
Other prominent vendors
  • Abacus
  • Amada
  • ARxIUM
  • RoboPharma
  • Willach
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?


Press Release

Technavio Announces the Publication of its Research Report – Global Robotic Pharmacy Prescription Dispensing Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global robotic pharmacy prescription dispensing systems market: BD, Omnicell, Parata Systems, and ScriptPro

Other Prominent Vendors in the market are: Abacus, Amada, ARxIUM, RoboPharma, and Willach

Commenting on the report, an analyst from Technavio’s team said: “Vendors are providing technicians with operational guidance and personalized technical support 24/7. In addition, with the support package, vendors are offering automated systems updated with the latest software and drug database for both new installation and leased systems. Therefore, vendors are offering maintenance and post-purchase services to end-users to retain their customer base and remain competitive in the market.”

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.

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.

Companies Mentioned

BD, Omnicell, Parata Systems, ScriptPro, Abacus, Amada, ARxIUM, RoboPharma, Willach.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Prescription dispensing process
  • Market landscape
    • Pharmacy automation systems
      • Table Major pharmacy automation systems
      • Table Global pharmacy automation market 2016-2021 ($ millions)
    • Global robotics pharmacy prescription dispensing systems market
      • Table Global robotics pharmacy prescription dispensing systems market 2016-2021 ($ billions)
      • Table Benefits of implementing robotics pharmacy prescription dispensing systems
      • Table Robotic pharmacy prescription dispensing systems: Value chain analysis
      • Table Drug distribution system in inpatient hospital pharmacies
      • Table Drug distribution system in outpatient hospital pharmacies
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Global robotic pharmacy prescription dispensing systems market by end-users
      • Table Global robotic pharmacy prescription dispensing systems market by end-users
    • Global robotic pharmacy prescription dispensing systems market by hospital pharmacies
      • Table Global robotic pharmacy prescription dispensing systems market by hospital pharmacies 2016-2020 ($ millions)
      • Table Segmentation of robotic pharmacy prescription dispensing systems in hospital pharmacies by application 2016 and 2021
      • Table Inpatient and outpatient dispensing
    • Global robotic pharmacy prescription dispensing systems market by retail pharmacies
      • Table Global robotic pharmacy prescription dispensing systems market by retail pharmacies 2016-2020 ($ millions)
  • Geographical segmentation
    • Global robotic pharmacy prescription dispensing systems market by geography
      • Table Global robotic pharmacy prescription dispensing systems market by geography 2016-2021
    • Robotic pharmacy prescription dispensing systems market in Americas
      • Table Robotic pharmacy prescription dispensing systems market in Americas 2016-2021 ($ millions)
    • Robotic pharmacy prescription dispensing systems market in EMEA
      • Table Robotic pharmacy prescription dispensing systems market in EMEA 2016-2021 ($ millions)
    • Robotic pharmacy prescription dispensing systems market in APAC
      • Table Robotic pharmacy prescription dispensing systems market in APAC 2016-2021 ($ millions)
  • Market drivers
    • Need for reduction in medication errors
      • Table Average cost incurred by opting for manual prescription dispensing
      • Table Number of practicing pharmacists in major European countries 2013
    • Miniaturization of sensors
      • Table Average cost of sensors 2015-2020 ($)
    • Strategic collaborations and acquisitions
      • Table Major strategic collaborations and acquisitions in market
    • Government support
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Budget constraints with small-scale pharmacies
    • Threat from alternatives
    • Possibilities of errors
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Improvement in customer support services
    • Promotion of e-prescriptions
    • Rise of closed-loop medication systems
      • Table Elements of closed-loop medication system
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
    • Competition analysis
      • BD
        • Table BD: Product offerings
    • Omnicell
      • Table Omnicell: Product offerings
    • Parata Systems
      • Table Parata Systems: Product offerings
    • ScriptPro
      • Table ScriptPro: Product offerings
  • Key takeaways
  • Appendix
    • List of abbreviation
  • Explore Technavio

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