The Latin America, Middle East and Africa Pharmacy Automation Devices Market would witness market growth of 13.8% CAGR during the forecast period (2020-2026). Due to the COVID-19 pandemic, various companies dealing in pharmacy automation devices observed a reduction in sales revenue. On the other hand, the COVID-19 pandemic is anticipated to raise awareness about the significance of automation in the healthcare and pharmaceutical sector, which, as a result, is expected to boost the pharmacy automation market in the next few years.
The end-users are helped by digitizing processes & enhancing workflow in the better management of costs & enhance efficiency across the range of care, bringing better outcomes & performance, and enabling them to redistribute time to focus on patient care. Automatic robotic delivery of prescribed medication & consulting to enhance pharmacy capability are some of the aspects included in this program. This, as a result, is expected to fuel the deployment of these solutions to streamline tasks by restricting non-essential human intervention, while complying with social distancing regulations.
The number of prescriptions has been increased due to the rising burden of chronic diseases & the growing geriatric population. As a result, the number of medication errors is expected to increase. This is fueling the demand for pharmacy automation devices. In addition, the growth of the market is positively affected by a surge in initiatives by several companies, like the American Society of Health-System Pharmacists in order to decrease medication errors.
Based on Product, the market is segmented into Medication Dispensing Systems, Packaging and Labeling Systems, Storage and Retrieval Systems, Automated Medication Compounding Systems, and Tabletop Tablet Counters. Based on End Use, the market is segmented into Retail Pharmacy and Hospital Pharmacy. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Medication Dispensing Systems market dominated the South Africa Pharmacy Automation Devices Market by Product in 2019, thereby, achieving a market value of $32.4 million by 2026. The Packaging and Labeling Systems market is showcasing a CAGR of 13.6% during (2020 - 2026). Additionally, The Storage and Retrieval Systems market would exhibit highest CAGR of 14.8% during (2020 - 2026).
Free Valuable Insights: Pharmacy Automation Devices Market in LAMEA is expected to register a CAGR of 13.8% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include McKesson Corporation, Baxter International, Inc., Becton, Dickinson and Company, ARxIUM, Inc., Omnicell, Inc., Kuka AG (Swisslog Healthcare), Cerner Corporation, Accu-Chart Plus Healthcare Systems, Inc., Pearson Medical Technologies, LLC, and ScriptPro, LLC.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Medication Dispensing Systems
- Packaging and Labeling Systems
- Storage and Retrieval Systems
- Automated Medication Compounding Systems
- Tabletop Tablet Counters
By End-Use
- Retail Pharmacy
- Hospital Pharmacy
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- McKesson Corporation
- Baxter International, Inc.
- Becton, Dickinson and Company
- ARxIUM, Inc.
- Omnicell, Inc.
- Kuka AG (Swisslog Healthcare)
- Cerner Corporation
- Accu-Chart Plus Healthcare Systems, Inc.
- Pearson Medical Technologies, LLC
- ScriptPro, LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Pharmacy Automation Devices Market, by Product
1.4.2 LAMEA Pharmacy Automation Devices Market, by End Use
1.4.3 LAMEA Pharmacy Automation Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
Chapter 4. LAMEA Pharmacy Automation Devices Market by Product
4.1 LAMEA Medication Dispensing Systems Market by Country
4.2 LAMEA Packaging and Labeling Systems Market by Country
4.3 LAMEA Storage and Retrieval Systems Market by Country
4.4 LAMEA Automated Medication Compounding Systems Market by Country
4.5 LAMEA Other Product Market by Country
Chapter 5. LAMEA Pharmacy Automation Devices Market by End Use
5.1 LAMEA Retail Pharmacy Market by Country
5.2 LAMEA Hospital Pharmacy Market by Country
Chapter 6. LAMEA Pharmacy Automation Devices Market by Country
6.1 Brazil Pharmacy Automation Devices Market
6.1.1 Brazil Pharmacy Automation Devices Market by Product
6.1.2 Brazil Pharmacy Automation Devices Market by End Use
6.2 Argentina Pharmacy Automation Devices Market
6.2.1 Argentina Pharmacy Automation Devices Market by Product
6.2.2 Argentina Pharmacy Automation Devices Market by End Use
6.3 UAE Pharmacy Automation Devices Market
6.3.1 UAE Pharmacy Automation Devices Market by Product
6.3.2 UAE Pharmacy Automation Devices Market by End Use
6.4 Saudi Arabia Pharmacy Automation Devices Market
6.4.1 Saudi Arabia Pharmacy Automation Devices Market by Product
6.4.2 Saudi Arabia Pharmacy Automation Devices Market by End Use
6.5 South Africa Pharmacy Automation Devices Market
6.5.1 South Africa Pharmacy Automation Devices Market by Product
6.5.2 South Africa Pharmacy Automation Devices Market by End Use
6.6 Nigeria Pharmacy Automation Devices Market
6.6.1 Nigeria Pharmacy Automation Devices Market by Product
6.6.2 Nigeria Pharmacy Automation Devices Market by End Use
6.7 Rest of LAMEA Pharmacy Automation Devices Market
6.7.1 Rest of LAMEA Pharmacy Automation Devices Market by Product
6.7.2 Rest of LAMEA Pharmacy Automation Devices Market by End Use
Chapter 7. Company Profiles
7.1 McKesson Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.1.5.2 Product Launches and Product Expansions:
7.2 Baxter International, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.1 Recent strategies and developments:
7.2.1.1 Acquisition and Mergers:
7.3 Becton, Dickinson and Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 ARxIUM, Inc.
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.4.2.2 Product Launches and Product Expansions:
7.5 Omnicell, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Acquisition and Mergers:
7.5.5.3 Product Launches and Product Expansions:
7.6 Kuka AG (Swisslog Healthcare)
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Product Launches and Product Expansions:
7.6.2.3 Acquisition and Mergers:
7.7 Cerner Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.8 Accu-Chart Plus Healthcare Systems, Inc.
7.8.1 Company Overview
7.9 Pearson Medical Technologies, LLC
7.9.1 Company Overview
7.10. ScriptPro, LLC
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 LAMEA Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 2 LAMEA Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Pharmacy Automation Devices Market
TABLE 4 Product Launches And Product Expansions– Pharmacy Automation Devices Market
TABLE 5 Acquisition and Mergers– Pharmacy Automation Devices Market
TABLE 6 LAMEA Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 7 LAMEA Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 8 LAMEA Medication Dispensing Systems Market by Country, 2016 - 2019, USD Million
TABLE 9 LAMEA Medication Dispensing Systems Market by Country, 2020 - 2026, USD Million
TABLE 10 LAMEA Packaging and Labeling Systems Market by Country, 2016 - 2019, USD Million
TABLE 11 LAMEA Packaging and Labeling Systems Market by Country, 2020 - 2026, USD Million
TABLE 12 LAMEA Storage and Retrieval Systems Market by Country, 2016 - 2019, USD Million
TABLE 13 LAMEA Storage and Retrieval Systems Market by Country, 2020 - 2026, USD Million
TABLE 14 LAMEA Automated Medication Compounding Systems Market by Country, 2016 - 2019, USD Million
TABLE 15 LAMEA Automated Medication Compounding Systems Market by Country, 2020 - 2026, USD Million
TABLE 16 LAMEA Other Product Market by Country, 2016 - 2019, USD Million
TABLE 17 LAMEA Other Product Market by Country, 2020 - 2026, USD Million
TABLE 18 LAMEA Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 19 LAMEA Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 20 LAMEA Retail Pharmacy Market by Country, 2016 - 2019, USD Million
TABLE 21 LAMEA Retail Pharmacy Market by Country, 2020 - 2026, USD Million
TABLE 22 LAMEA Hospital Pharmacy Market by Country, 2016 - 2019, USD Million
TABLE 23 LAMEA Hospital Pharmacy Market by Country, 2020 - 2026, USD Million
TABLE 24 LAMEA Pharmacy Automation Devices Market by Country, 2016 - 2019, USD Million
TABLE 25 LAMEA Pharmacy Automation Devices Market by Country, 2020 - 2026, USD Million
TABLE 26 Brazil Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 27 Brazil Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 28 Brazil Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 29 Brazil Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 30 Brazil Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 31 Brazil Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 32 Argentina Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 33 Argentina Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 34 Argentina Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 35 Argentina Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 36 Argentina Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 37 Argentina Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 38 UAE Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 39 UAE Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 40 UAE Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 41 UAE Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 42 UAE Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 43 UAE Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 44 Saudi Arabia Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 45 Saudi Arabia Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 46 Saudi Arabia Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 47 Saudi Arabia Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 48 Saudi Arabia Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 49 Saudi Arabia Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 50 South Africa Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 51 South Africa Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 52 South Africa Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 53 South Africa Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 54 South Africa Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 55 South Africa Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 56 Nigeria Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 57 Nigeria Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 58 Nigeria Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 59 Nigeria Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 60 Nigeria Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 61 Nigeria Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 62 Rest of LAMEA Pharmacy Automation Devices Market, 2016 - 2019, USD Million
TABLE 63 Rest of LAMEA Pharmacy Automation Devices Market, 2020 - 2026, USD Million
TABLE 64 Rest of LAMEA Pharmacy Automation Devices Market by Product, 2016 - 2019, USD Million
TABLE 65 Rest of LAMEA Pharmacy Automation Devices Market by Product, 2020 - 2026, USD Million
TABLE 66 Rest of LAMEA Pharmacy Automation Devices Market by End Use, 2016 - 2019, USD Million
TABLE 67 Rest of LAMEA Pharmacy Automation Devices Market by End Use, 2020 - 2026, USD Million
TABLE 68 Key Information – McKesson Corporation
TABLE 69 Key Information – Baxter International, Inc.
TABLE 70 Key information – Becton, Dickinson and Company
TABLE 71 key information – ARxIUM, Inc.
TABLE 72 Key Information – Omnicell, Inc.
TABLE 73 Key Information –Kuka AG
TABLE 74 key information – Cerner Corporation
TABLE 75 Key Information – Accu-Chart Plus Healthcare Systems, Inc.
TABLE 76 key Information – Pearson Medical Technologies, LLC
TABLE 77 key Information – ScriptPro, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Recent strategies and developments: McKesson Corporation
FIG 5 Recent strategies and developments: ARxIUM, Inc.
FIG 6 Recent strategies and developments: Omnicell, Inc.
FIG 7 Recent strategies and developments: Kuka AG