(EMAILWIRE.COM, September 09, 2019 ) The Research Report on Central Fill Pharmacy Automation Market provides a detailed overview of the increasing demand for specialty drugs being dispensed by central fill pharmacies is one of the primary drivers propelling the growth of this market. Other factors such as the need to minimize medication errors, growing patient volume (which in turn is increasing the burden on pharmacies), and the growing focus on automation to reduce labor costs are also driving market growth.

The research report segments Central Fill Pharmacy Automation Market product and service, Vendor, Service, Region.

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By product and service, the equipment segment is expected to account for the largest share of the Central Fill Pharmacy Automation Market

The Central Fill Pharmacy Automation Market, by product and service, is segmented into equipment, services, and software. The equipment segment accounted for the largest market share in 2019. A number of automated systems are used in facilities offering the advantages of freeing up manpower, allowing greater throughput, and increasing the number of processed prescriptions. These facilities form an indispensable tool for central fill pharmacies to improve the prescription assembly, verification, and delivery back to the pharmacy. This contributes to the large share of the segment.

The equipment vendors are increasing with the increasing demand for automation systems

Based on vendor, the Central Fill Pharmacy Automation Market is segmented into equipment vendors and consulting vendors. The equipment vendors segment is estimated to account for the largest market share in 2019. This is mainly attributed to their broad product portfolio, vast geographic presence, strong technical expertise, and easy access to spare parts (resulting in reduced downtime).

North America is expected to dominate the Central Fill Pharmacy Automation Market during the forecast period

In 2019, North America dominated the Central Fill Pharmacy Automation Market, followed by Europe, and this trend is expected to continue during the forecast period. The rising focus on providing value-based care to patients, increase in specialty medication dispensing, growing number of medication errors, and the need for automated systems for improved compounding and dispensing are major factors that have resulted in the increased adoption of central fill pharmacy automation equipment and services in North America.

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ARxIUM, Inc. (US), RxSafe, LLC (US), TCGRX Pharmacy Workflow Solutions (US), Omnicell, Inc. (US), ScriptPro (US), Kuka AG (Germany), Innovation (US), R/X Automation Solutions (US), Tension Packaging & Automation (US), McKesson Corporation (US), Cornerstone Automation Systems, LLC (CASI, US), and QMSI (US) are the key players operating in this market. Due to the intense competition in this market, major market players are increasingly focusing on expanding their geographic presence in the high-growth markets and strengthening their competitiveness by launching various technologically advanced products.

McKesson Corporation is the leading player in the Central Fill Pharmacy Automation Market, offering products such as drug dispensing systems along with pharmacy management software solutions in this market. McKesson’s high-volume solutions offer better operational efficiency to healthcare facilities and also allow the company to customize solutions as per the requirement of different healthcare facilities. The company offers a wide range of services for centralized facilities such as consulting, setting up, and integrating services, among others.