Pharmacy Automation Devices Market Analysis , Size , Share , Growth and Forecast to 2020- Hexa Research
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Pharmacy Automation Devices Market Analysis , Size , Share , Growth and Forecast to 2020- Hexa Research
“ Rapidly increasing population base , growing awareness about advanced pharmacy and growing demand to minimize medical error are the main driver of pharmacy automation devices market .”
The Pharmacy Automation Devices Market is anticipated to expand at a CAGR nearly 7.4 % during the forecast period ( 2014 to 2020 ). Revenues may surpass USD 8 billion by 2020 . Mechanical processes that are used in the handling and distribution of medications are known as pharmacy automation . Pharmacies employ automation in order to enhance cash flows and bring down medication inventories . Devices that facilitate these tasks are known as pharmacy automation devices . High incidence of medical error deaths is one of the key drivers of this industry .
Computerized physician order entry , EHR ( electronic health record ), and clinical decision support system are some of the commonly used devices . These help monitor patients on a regular basis so that their health conditions are better understood . High investments in research & development and growing popularity of medical automation may augment industry growth over the forecast period . Other market drivers are need for minimal medical errors , greater consciousness about advanced pharmacy , and high population growth . Furthermore , demand for minimally invasive surgical procedures with integrated medical automation could propel the industry in the forthcoming years .
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