Press Release: April 16, 2020
Central fill pharmacy refers to a service where one pharmacy i.e. originating pharmacy requests to prepare a drug order from central fill pharmacy, where drug order is packed after receiving a request with prescription. Drug order packaged by the central fill pharmacy are dispensed directly to the originating pharmacy or patient, who has requested for the drug order at the originating pharmacy. Using Central Fill, pharmacies can aggregate prescriptions from multiple locations and funnel them to a centrally located prescription fulfilment Center.
A jump in the outpatient drug volume is expected due to an aging population with more chronic illness. It can be handled by implementing automation in Central fill pharmacy. The benefits of automation in Central fill pharmacy are reduction in labour costs, reduction in errors, decreased turnaround time and more focus on patients. Along with these, technological advancements in this field are giving an opportunity to increase the scalability of business. The above mentioned are the factors which tend to drive the market growth of Global central fill pharmacy automation market. Recent trends in the automation market of Central fill pharmacy are the acquiring of Parata by TCGRx, Mckesson Corporation providing customized central fill with its High-volume solutions. However, higher cost of acquisition and installation of equipment can hinder the growth of global central fill pharmacy automation market.
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Various notable players operating in the market, include McKesson Corporation, TCGRx, Innovation Associates, RxSafe, LLC, R/X Automation Solutions, Capstone Consultants LLC, ARxIUM, Inc., Workflow Solutions, Omnicell, Inc. and ScriptPro
The Global Central Fill Pharmacy Automation market has been segmented based on Product, Vendor and key geographies. Based on Product, the market comprises Equipment (Workflow management, Automated Dispensing System, Automated Medication Compounding System, Automated Storage and Retrieval Systems and Others), Service (facility design, Process Optimization and Others) and Software. Based on Vendor, the market comprises of Equipment Vendor and Consulting Vendor. The research report “Global Central Fill Pharmacy Automation market” provides in-depth analysis of global central fill pharmacy automation market based on Product, Vendor and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global central fill pharmacy automation market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2019 The competitive landscape section of the report captures and highlights the recent developments in the market.
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Key questions answered in this research report:
1- At what pace is global central fill pharmacy automation market growing? What will be growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global central fill pharmacy automation market?
4- What are the various application areas and how they are poised to grow?
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