The global robotic pharmacy dispensing systems market is currently valued at USD 2,320 million and is expected to surpass USD 2,869 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global pharmacy prescription dispensing systems market, under its robotics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like BD, Omnicell, Parata Systems, and ScriptPro.
According to Bharath Kanniappan, a lead analyst for robotics research at Technavio, “The fundamental driving force behind the growth of the global market for robotic pharmacy prescription dispensing systems is the need to curb medication errors.”
The adoption of pharmacy prescription dispensing systems helps reduce dispensing errors, improvement in the dispensing process, optimization of space utilization in pharmacies, and delivery of more patient-centric services. Increased focus on adopting lean management principles to streamline processes and implement automation solutions in hospital pharmacies during the forecast period is anticipated to foster the growth of the market.
Click here to request a free sample of this report
Promotion of e-prescriptions
E-prescriptions reduce the risk of medication errors and provide information to prescribers on patient benefits coverage. This reduces reimbursement claim rejections and duplicated work, helping physicians, pharmacists, and other healthcare providers improve the quality of patient care. The e-prescription trend in the US expands the role of the pharmacist and promotes the integration of prescription and other clinical information.
Rise of closed-loop medication systems
Hospitals are increasingly adopting closed-loop medication systems, which heavily rely on IT resources, automated solutions, and software. All these systems are integrated with EMRs to improve drug management and administration by eliminating human error, subsequently adding to the demand for robotic pharmacy prescription dispensing systems.
Ask an analyst to know more about this report
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Robotic Pharmacy Prescription Dispensing Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Patient Monitoring and Assistance Robots Market 2017-2021
- Global Robotic Paint Booth Market 2017-2021
- Global Multiparameter Patient Monitoring Equipment Market 2016-2020
To read more press releases – click here
