United Kingdom Pharmacy Automation Devices Market By Product Type (Medication Dispensing Systems, Packaging & Labeling Systems, Storage & Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters), By End Use (Hospital Pharmacy v/s Retail Pharmacy), By Region, Competition Forecast & Opportunities, 2027

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format

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United Kingdom Pharmacy Automation Devices Market By Product Type (Medication Dispensing Systems, Packaging & Labeling Systems, Storage & Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters), By End Use (Hospital Pharmacy v/s Retail Pharmacy), By Region, Competition Forecast & Opportunities, 2027

Escalating Product Demand to Reduce Medication Errors is Projected to Bolster the Market Growth

Medication errors and dispensing errors are considered as one of the leading causes of hospital readmission across the globe. Lack of proper communication between physicians and pharmacists, risky storage practices in pharmacies, and the confusion due to the similar labels and drug prescriptions during the preparation or dispensing of drugs are supporting the market growth. Automated systems are considered one of the most efficient solutions to reduce these errors. The implementation of automated dispensing cabinets (ADCs) and automated dispensing machines (ADMs) in hospitals led to significantly minimizes the number of dispensing and medication errors in hospitals. All these aforementioned factors are propelling the market growth.

Inflating Need for Quality Care and Technological Advancements Augments the Market Growth

Pharmacists in countries like United Kingdom are implementing procedure to provide improved safety and efficacy in the medication process supports the market growth. Increasing competition among hospitals and retail pharmacies to offer quality care to patients in the hospital is inciting the profit in the pharmacy automation device market. Continuous advancements in technology and pharmacy automation benefits have allowed access to pharmacist and nurses to pharmacy automation devices that automate medication dispensing, medication compounding, storage and retrieval, inventory management, packaging, and labelling, etc. Along with this, there has been progression including the link between EMR and medication to enhance efficiencies of hospital and retail pharmacies. Interfacing with several software and growing automation in pharmacies is projected to fuel the growth of the pharmacy automation devices market in the coming years.

Market Segmentation

The United Kingdom pharmacy automation devices market is segmented into product type, end use, regional distribution, and competitive landscape.

Market Players

Becton Dickinson U.K. Limited, Willach Pharmacy Solutions, Cerner Corporation United Kingdom, Omnicell Limited, McKesson UK, Mediwell Systems Ltd., Deenova United Kingdom Limited are the significant market players operating in United Kingdom pharmacy automation devices market.

Attribute

Details

Base Year

2021

Historic Data

2017 â€“ 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product Type

·         End Use

Regional scope

London, Southeast, East Anglia, Scotland, Southwest, East Midlands, and Yorkshire & Humberside

Key companies profiled

Becton Dickinson U.K. Limited, Willach Pharmacy Solutions, Cerner Corporation United Kingdom, Omnicell Limited, McKesson UK, Mediwell Systems Ltd., Deenova United Kingdom Limited

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