The pharmacy automation mechanizes various processes in pharmacy and other health care settings. The objective is to reduce errors in medical prescriptions and optimize patient safety. Also, automation systems help in streamlining the workflow, reduce the risk of errors, and improve patient safety. The introduction of RFID, smart dashboard, barcode scanning technology, and data security in pharmacies for seamless workflow is driving the growth of the market. In addition, these devices reduce labor costs and enhance accuracy and speed. These products further save pharmacists’ time so that they can spend more time with patients, thereby enhancing the patient experience.
BD, and MCKESSON CORPORATION – Notable Market Players in Pharmacy Automation Equipment Market
Market leaders operating in the market have undertaken various organic growth strategies in the pharmacy automation equipment market. The pharmacy automation equipment market majorly consists of the players Talyst LLC (Swisslog Healthcare), AmerisourceBergen, Baxter International Inc, Capsa Healthcare, OMNICELL INC, Cerner Corporation, MCKESSON CORPORATION, ScriptPro LLC, BD, and YUYAMA Co., Ltd. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaborations.
Below is the list of the growth strategies done by the players operating in the pharmacy automation equipment market:
|
Year |
News |
|
Mar-2021 |
BD Acquired GSL Solutions, Inc., Broadening Medication Management Offerings for Retail, Outpatient Pharmacy Settings. |
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Nov-2020 |
Cerner is rolling out new communication capabilities across its online patient portal to reduce administrative time for staff and boost consumer engagement. |
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Dec-2020 |
Innomar Strategies and the Government of Canada entered into an agreement to support the distribution of COVID-19 vaccines. |
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Dec-2020 |
Cerner Corporation entered into an agreement to acquire Kantar Health, a division of Kantar Group, for $375 million in cash, subject to adjustment. |
