Central Fill Pharmacy Automation Market
The Central Fill Pharmacy Automation Market is projected to witness a healthy growth of 11.5% during the forecast period. The increasing adoption of central fill pharmacies is attributed to the rising cases of cancer, reduction of labour costs, and surging demand for specialty drugs.
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Central Fill Pharmacy Automation Market Dynamics
Central fill pharmacy automation offers enormous benefits such as better functional efficiency, increases profits, and reduces costs. The increasing demand for speciality drugs among the central fill pharmacies is one of the major factors contributing the growth of the central fill pharmacy automation market. The rising cases of cancer, immunological problems, and unintentional injuries. According to the World Health Organization, cancer accounts to be the biggest reason for deaths around the world by resulting in 10 million deaths every year, totalling to 1 in 6 deaths due to cancer. The growing divulgence of medication errors has raised the public concerns towards safety, thus fuelling the central fill pharmacy automation market size.
Further, the growing incidences of accidental injuries in the ageing population will indirectly fuel the market growth. As per the WHO, nearly 1.35 million individuals die every year because of road traffic. Thus, this factor will indirectly surge the central fill pharmacy automation market growth.
However, as per the Central Fill Pharmacy Automation market analysis, the huge capital investment needed for automation of the central fill pharmacy will restrain the market growth.
Market Segmentation
Central Fill Pharmacy Automation Market by Products & Services
- Equipment
- Automated Medication Dispensing Systems
- Automated Packaging and Labeling Systems
- Automated Medication Compounding Systems
- Others
- Services
Central Fill Pharmacy Automation Market by Region:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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