The automated compounding system (ACS), also known as the Pharmacy automation system, is generally used in healthcare units for handling as well as distributing medications. This system is also known to aid in numerous other medical procedures, such as compounding and measuring medicines and managing the inventory of the pharmacies. Many healthcare organizations, nowadays, are using the automated compounding system for updating as well as tracking all the medical information of the patients, which is proving to be quite beneficial for both the doctors and the patients.
As mentioned before, the automated compounding systems use a kind of process that involves the automation of the non-automatic methods of handling medications. Thus, these systems can reduce the medication prescription fallacies, which generally lead to fatal injuries, and sometimes, death of the patient. Because of this reason, the reputation and usage of the automated compounding systems are gradually escalating day by day and, because of the ever-increasing number of the patients, the popularity of these systems is estimated to grow even more.
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The duties of the automated compounding systems generally include counting of the tablets, preparing medication compounds, and managing the prescription of the patient. These systems are also known to handle the packaging of medicines and managing the drug inventory. Thus, when talking from a general point-of-view, the automated compounding systems not only minimize the cost of labor but also increase the overall working efficiency of the healthcare unit. This is yet another factor that is considered to be one of the prime growth drivers of the automated compounding system market during the forecast period.
The key manufacturers covered in this report:
Baxter
COMECER
Omnicell
Grifols
ICU Medical
ARxIUM
Equashield
B. Braun Holding
Market Segmentation
The global market of automated compounding systems is generally categorized into three parts, application, product type, and region. Based on its product type, the market is further segmented into two parts, the Gravimetric ACS and the Volumetric ACS. Among these, the Volumetric ACS market is estimated to grow the most during the forecast period. On the basis of its application, the market of automated compounding system is segmented into Hospitals, Chemotherapy Centers, and others. Among these three, the utilization of these systems is expected to experience the highest growth in hospitals.
Geographically, the automated compounding system market is classified into North America, South America, Asia, Europe, and Middle East & Africa. Amongst these, North America is currently dominating the global market and is expected to continue its dominance during the forecast period. The European region, on the other hand, currently holds the second position in the automated compounding system market and will stay in the same place during the upcoming years. However, among the regions, the Asian market is estimated to experience the highest growth because of the increasing demands of the ACS in countries like China, India, and Japan, etc. The market of South America and Middle East & Africa is also expected to grow somewhat steadily during the aforementioned period.
Because of their excellent efficiency and effectiveness, the automated compounding systems are being used in almost every kind of healthcare units. The key players, in this market, are also continuously trying to improve the overall efficacy of their system by using numerous new technologies and methods.
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