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 – 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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