LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET 2022-2028

Description

MARKET OUTLOOK

CRI’s report estimates that the pharmacy automation equipment market in Latin America to advance at a CAGR of 6.88% during the assessed years of 2022-2028. Brazil, Mexico, and Rest of Latin America shape the overall market in this region.
In Mexico, the rising medical tourism offers several medical services to patients, influencing the growth of the studied market. As per WHO, the country witnessed significant errors in prescription, with approximately 77% of people suffering from these medical errors. In this regard, a rising research study on medication errors is supporting the studied market’s growth. For instance, in December 2020, BMC Pediatrics published a study that analyzed the medical errors in pediatric critical care services during the prescription stage in a public hospital. Hence, the rise in medical errors and growing awareness about these errors is expected to widen the growth of the pharmacy automation equipment market.
As per the International Diabetes Federation data, in Argentina, a significant percentage of people had diabetes in 2020. This rise in diabetes is expected to boost the demand for pharmacy automation significantly. Additionally, the strong foothold of major players offers a wide variety of pharmacy automation systems with multiple benefits, including reduced time, affordability, patient safety, and others. Further, the Paraguay government has made several changes in its policies relating to the healthcare sector, introducing the National Health Policy 2030. This policy aims to strengthen the safety, efficiency, and rational use of medicines. Thus, all these factors are supporting the pharmacy automation equipment market’s growth.

COMPETITIVE OUTLOOK

The leading companies in the pharmacy automation equipment market are Perceptimed Inc, Avery Weigh Tronix, McKesson Corporation, Amerisourcebergen, Accu Chart Plus Healthcare System Inc, Omnicell Inc, and Pearson Medical Technologies.

TABLE OF CONTENTS

1. LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON PHARMACY AUTOMATION EQUIPMENT MARKET
2.2. KEY INSIGHTS
2.3. PORTER’S FIVE FORCES MODEL
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE PRODUCTS
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY STRATEGIC DEVELOPMENTS
2.6.1. CONTRACTS AND PARTNERSHIPS
2.6.2. BUSINESS EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
2.6.3. ACQUISITIONS & MERGERS
2.6.4. NEW PRODUCT LAUNCHES & DEVELOPMENTS
2.7. MARKET DRIVERS
2.7.1. GROWING PREFERENCE FOR DECENTRALIZED PHARMACY SERVICES
2.7.2. PHARMACY AUTOMATION RATIONALIZING PHARMACY OPERATIONS
2.8. MARKET CHALLENGES
2.8.1. LACK OF FINANCIAL SUPPORT AND RELUCTANCE IN ADOPTING PHARMACY AUTOMATION SYSTEMS
2.8.2. COMPLEXITY IN OPERATING AUTOMATED DISPENSING SYSTEMS
2.9. MARKET OPPORTUNITIES
2.9.1. SURGING DEMAND FOR SPECIALTY DRUGS
2.9.2. TECHNOLOGICAL ADVANCEMENTS
3. LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET – BY TECHNOLOGY
3.1. AUTOMATED MEDICATION DISPENSING SYSTEM
3.2. AUTOMATED PACKAGING AND LABELING SYSTEM
3.3. AUTOMATED TABLE-TOP COUNTER
3.4. AUTOMATED STORAGE AND RETRIEVAL SYSTEM
3.5. OTHER TECHNOLOGIES
4. LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET – BY INDUSTRY VERTICALS
4.1. RETAIL PHARMACY
4.2. HOSPITAL PHARMACY
4.3. OTHER INDUSTRY VERTICALS
5. LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET – COUNTRY OUTLOOK
5.1.1. BRAZIL
5.1.2. MEXICO
5.1.3. REST OF LATIN AMERICA
6. COMPANY PROFILE
6.1. AMERISOURCEBERGEN
6.2. ACCU CHART PLUS HEALTHCARE SYSTEM INC
6.3. ARXIUM INC
6.4. ALIXARX
6.5. AVERY WEIGH TRONIX
6.6. BAXTER INTERNATIONAL INC
6.7. BECTON DICKINSON AND COMPANY
6.8. CAPSA HEALTHCARE LLC
6.9. CERNER CORPORATION
6.10. MCKESSON CORPORATION
6.11. NEWICON OY
6.12. OMNICELL INC
6.13. PEARSON MEDICAL TECHNOLOGIES
6.14. PERCEPTIMED INC
6.15. PARATA SYSTEMS LLC
6.16. SCRIPTPRO LLC
6.17. SWISSLOG HOLDINGS AG
7. RESEARCH METHODOLOGY & SCOPE
7.1. RESEARCH SCOPE & DELIVERABLES
7.1.1. OBJECTIVES OF STUDY
7.1.2. SCOPE OF STUDY
7.2. SOURCES OF DATA
7.2.1. PRIMARY DATA SOURCES
7.2.2. SECONDARY DATA SOURCES
7.3. RESEARCH METHODOLOGY
7.3.1. EVALUATION OF PROPOSED MARKET
7.3.2. IDENTIFICATION OF DATA SOURCES
7.3.3. ASSESSMENT OF MARKET DETERMINANTS
7.3.4. DATA COLLECTION
7.3.5. DATA VALIDATION & ANALYSIS

LIST OF TABLES

TABLE 1: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF CONTRACTS AND PARTNERSHIPS
TABLE 4: LIST OF BUSINESS EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
TABLE 5: LIST OF ACQUISITIONS & MERGERS
TABLE 6: LIST OF NEW PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 7: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY TECHNOLOGY, 2020 & 2028 (IN %)
FIGURE 2: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED MEDICATION DISPENSING SYSTEM, 2022-2028 (IN $ MILLION)
FIGURE 3: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED PACKAGING AND LABELING SYSTEM, 2022-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED TABLE-TOP COUNTER, 2022-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED STORAGE AND RETRIEVAL SYSTEM, 2022-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY OTHER TECHNOLOGIES, 2022-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2020 & 2028 (IN %)
FIGURE 8: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY RETAIL PHARMACY, 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY HOSPITAL PHARMACY, 2022-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 11: BRAZIL PHARMACY AUTOMATION EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE 12: MEXICO PHARMACY AUTOMATION EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE 13: REST OF LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET 2022-2028 (IN $ MILLION)