Pharmacy Automation: Technologies and Global Markets

Highlights of Pharmacy Automation Market Technologies Report :

• The global inpatient and outpatient pharmacy automation market was valued at $2.4 billion in 2011 and should reach $2.6 billion in 2012. Total market value is expected to reach nearly $3.9 in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 8%.
• The inpatient segment is expected to have a value of nearly $2 billion in 2012 and more than $2.8 billion in 2017, a CAGR of 7.3%.
• The outpatient  segment should total $636 million in 2012 and $1 billion in 2017, a CAGR of 10.1%.

This BCC Research report, Pharmacy Automation: Technologies and Global Markets (IAS026C), provides a comprehensive analysis of the pharmacy automation market’s current operations and equipment, current trends, and detailed patent analysis.  The study includes information regarding statistics for medication errors, costs associated with pharmacy activities, the pharmacist shortage and many other issues affecting the pharmacy automation market.  Major pharmacy automation product segments include in-depth market and competitive analyses.

REASONS FOR DOING THE STUDY

Although pharmacy automation dates back to the 1970s with the introduction of pill-counting machines, the pharmacy automation market continues to advance and deliver impressive technology and improve efficiency.  The increasing demand for accuracy, safety, industry standards and competency in the pharmacy environment by regulatory authorities, manufacturers, healthcare professionals and consumers has forced the growth of this market.

New opportunities in various settings will continue to surface—from small, private, family-owned pharmacies to large hospital and mail-order service facilities, such as Express Scripts/Medco Health Solutions.  Many small, private pharmacies are still conducting operations through manual and semimanual methods, particularly in regions outside of the United States.  The opportunity to fully automate these pharmacies surfaces more often each year, and with a growing compliance with bar-coding standards and new tracking capabilities with radio-frequency identification (RFID) technology, this trend will continue to increase at a rapid rate.  A large portion of inpatient facilities are already highly automated; however, there are advancements in technology and performance improvements every year, and these pharmacies will continue to seek out the most efficient system to upgrade to.  In order to remain competitive in the pharmaceutical dispensing business, organizations will be highly dependent on efficient automation systems.  Therefore, upgrades are likely to be an ongoing process.

SCOPE AND FORMAT

This BCC report is designed to be a helpful business tool that will provide a thorough evaluation of the global pharmacy automation market.  The geographical scope is global with special emphasis on the United States/Canada and developed Europe, with supplemental data covering other geographical markets and trends.  The report identifies pharmacy automation markets by inpatient and outpatient pharmacy settings, and by product type.  Within the global pharmacy automation market, there are two general pharmacy settings, each having other subsettings:

    Inpatient pharmacy automation.
    - Acute-care settings.
    - Long-term care settings.

    Outpatient pharmacy automation.
    - Outpatient/fast-track clinical settings.
    - Hospital retail settings.
    - Pharmacy benefit management services and other mail-order settings.
    - Retail pharmacy chains.

Each segment is further extrapolated to provide detailed information of current and emerging products, current market estimates and market forecasts, and competitive analyses.

METHODOLOGY

The information for this BCC report was obtained through primary and secondary data-collection methods.  Primary methods included interviews with approximately 60 key executives, product managers and clinical specialists involved in the pharmacy automation industry.  Secondary methods included published literature in the area of pharmacy technology and services, investment reports, company literature, and various pharmacy-related business journals.

All market data pertains the global market at the manufacturers’ level.  Data are expressed in current U.S. dollars.  The base year of the report is 2012, with historical data provided for 2009, 2010 and 2011, and forecast data provided for 2017.  Historical base year and forecast data are provided for each market segment of the report.  Competitor market share estimates are provided for each market segment for the 2012 base year.

Although this study provides information on a variety of pharmacy automation equipment, it does not include a comprehensive list of products available.  Many companies offer products to a variety of industry types, including, but not limited to, the following industries:

•     Appliance industry.
•     Aircraft industry.
•     Automotive industry.
•     Electrical and electronics industry.
•     Communications industry.
•     Food production industry.

Some systems not covered in this study include those that are primarily used in other industry types but are, however, designed to accommodate other settings, including the medical and pharmacy industries.

ABOUT THE AUTHOR

Melissa Elder is an experienced healthcare market analyst specializing in prescription and over-the-counter pharmaceuticals, medical devices, and emerging healthcare technologies.  Ms. Elder has nearly 20 years of experience in the healthcare industry, specializing in market research for the past 14 years.  This experience has given her substantial insight into pharmaceutical market analysis.  Her work in the medical community, including emergency room medical training and healthcare information system coordination, has enhanced her ability to provide insight into many healthcare markets.

Table Of Contents

Chapter- 1: Introduction - Complimentary 3
Study Goals And Objectives
Reasons For Doing The Study
Scope And Format
Methodology
About The Author
Related Bcc Reports
Bcc On-Line Services
Disclaimer

Chapter- 2: Summary 3
Major Worldwide Pharmacy Automation Markets
Key Trends
Leading Manufacturers

Chapter- 3: Industry Overview 8
Pharmacy Automation Industry Structure
Background, History And Growth Of The Pharmacy Automation Market

Chapter- 4: Issues Affecting The Market 33
Bar Coding And Electronic Medication Administration

Chapter- 5: Inpatient Pharmacy Automation 28
Overview
Case Studies
Product Descriptions
Level Of Automation Within Inpatient Pharmacy Settings
Inpatient Automation Cost By Equipment Type
Market Size And Growth
Competitive Structure And Market Share

Chapter- 6: Outpatient Pharmacy Automation 24
Overview

Chapter- 7: Worldwide Market By Segment 10
Worldwide Market By Segment
Worldwide Market By Equipment Type
Worldwide Market Shares By Segment
Worldwide Market Shares By Equipment Type
Worldwide Market By Geographic Region
Industry Participants By Equipment Type

Chapter- 8: Technology 18
Overview
Current Uses Of Technology
Patent Evaluation

Chapter- 9: Company Profiles 11
Amerisourcebergen Corp.
Baxter International Inc.
Carefusion Corp.
Cerner Corp.
Euclid Spiral Paper Tube Corp.
Health Robotics
Innovation Associates
Kirby Lester Llc.
Mckesson Corporation
Medical Packaging Inc.
Omnicell Inc.
Parata Systems Llc
Scriptpro Llc

Chapter- 10: Appendices 20
Appendix I: Leading Equipment Manufacturers
Appendix Ii: Other Related Companies
Appendix Iii: Hospitals, Retail Pharmacies, And Others
Appendix Iv: Associations And Organizations
 
List Of Tables

Summary Table : Worldwide Inpatient And Outpatient Pharmacy Automation Market By Segment, Through 2017
Table 1 : Electronic Healthcare “Meaningful Use” Stages Established By Cms
Table 2 : Average Annual Adverse Drug Reactions And Medication Administration Errors
Table 3 : Widely Reported Types Of Medication Errors
Table 4 : Health Expenditures As Percentage Of Gdp By Country, 1980-2010
Table 5 : Pharmaceutical Expenditures As A Percentage Of Health Expenditures And Per Capita By Country, 2005 And 2010
Table 6 : Estimated Global Population And Annual Growth By Selected Age Group And Selected Years, Through 2030
Table 7 : Global Population By Selected Country, Through 2015
Table 8 : Global Life Expectancy At Birth By Selected Country, 1980 And 2010
Table 9 : U.S. Population Estimates And Projections By Age Group, 1900-2050
Table 10 : Estimates Of Expected U.S. Life Expectancy At Birth With Projections By Sex, 2000 And 2020
Table 11 : Average Yearly Admissions And Current Residents By Type Of Healthcare Facility In The U.S., 2010
Table 12 : Nursing Homes Residents By Selected U.S. State, 2009
Table 13 : Average Hospital Usage Statistics, 2000-2010
Table 14 : World Health Organization Ranking Of Healthcare Systems, Top 50, 2000
Table 15 : Estimated Number Of Registered Hospitals By Selected Country, 2010 Estimates
Table 16 : Total Number Of Registered U.S. Hospitals By Type, 2010
Table 17 : U.S. Community Hospital Comparisons By Profit Type, 2010
Table 18 : Examples Of Leading For-Profit U.S. Hospital Chains, 2010
Table 19 : Examples Of Leading U.S. Long-Term Care Facilities, 2010
Table 20 : U.S. State And Federal Prision Populations By Select Characteristics, 2010
Table 21 : Cost Analyses Of Pharmacy Automation Equipment/Pharmacy Automation Setup Used In Inpatient Applications
Table 22 : Percentage Of U.S. And Canadian Inpatient Pharmacies At Estimated Levels Of Automation, 2011
Table 23 : Summary Of Inpatient Pharmacy Automation Equipment By Manufacturer, Equipment Type And Cost
Table 24 : Summary Of Inpatient Pharmacy Automation Equipment By Manufacturer, Equipment Type And Cost
Table 25 : Worldwide Inpatient Pharmacy Automation Market By Equipment Type, Through 2017
Table 26 : Worldwide Inpatient Pharmacy Automation Systems Revenues By World Region, 2012
Table 27 : Worldwide Inpatient Pharmacy Automation Equipment Manufacturer Revenues, Estimated 2012
Table 28 : U.S. Retail Prescription Drug Sales By Outlet, 1995–2010
Table 29 : U.S. Outpatient/Fast-Track Clinics By Selected Type Of Facility, 2007*
Table 30 : U.S. Hospital Outpatient And Emergency Room Visits By Patient Age, 2008*
Table 31 : Examples Of Leading U.S. Pharmacy Benefit Management Organizations And Other Mail-Order Groups’ Sales Activity, 2011
Table 32 : Examples Of Leading U.S. Retail Pharmacy Chains’ Sales Activity, 2011
Table 33 : U.S. Retail Pharmacy Chains: Number Of Locations By State, 2011
Table 34 : Example Cost Analyses Of Pharmacy Automation Equipment Used In Outpatient Applications
Table 35 : Percentage Of U.S. And Canadian Outpatient Pharmacies At Estimated Levels Of Automation, 2011
Table 36 : Percentage Of Europe—Developed Regoions—Outpatient Pharmacies At Estimated Levels Of Automation, 2011
Table 37 : Summary Of Outpatient Pharmacy Automation Equipment By Manufacturer, Equipment Type, And Cost
Table 38 : Worldwide Outpatient Pharmacy Automation Market By Equipment Type, Through 2017
Table 39 : Worldwide Outpatient Pharmacy Automation Systems Revenues By Region, 2012
Table 40 : Worldwide Outpatient Pharmacy Automation Manufacturer Revenues, Estimated 2012
Table 41 : Worldwide Inpatient And Outpatient Pharmacy Automation Market By Segment, Through 2017
Table 42 : Worldwide Pharmacy Automation Market By Equipment Type, Through 2017
Table 43 : Worldwide Pharmacy Automation Market Shares By Segment, Through 2017
Table 44 : Worldwide Pharmacy Automation Market Shares By Equipment Type, Through 2017
Table 45 : Worldwide Pharmacy Automation Systems Revenues By Region, 2012
Table 46 : Industry Participants By Equipment Type, 2011/2012
Table 47 : Pharmacy Automation Equipment Provider Product List
Table 48 : Number Of Pharmacy Automation And Robot Patents Issued By Year
Table 49 : Pharmacy Automation And Robot Patents By Assignee, As Of June 2012
Table 50 : Amerisourcebergen’s Summary Financials, 2009-2011
Table 51 : Baxter International’s Financials, 2009-2011
Table 52 : Carefusion’s Financials, 2009-2011
Table 53 : Cerner’s Financials, 2009-2011
Table 54 : Health Robotic’s Financials, 2010 And 2011
Table 55 : Mckesson’s Financials, 2010-2012
Table 56 : Omnicell’s Financials, 2009-2011

List Of Figures

Summary Figure : Worldwide Inpatient And Outpatient Pharmacy Automation Market By Segment, 2009-2017
Figure 1 : Health Expenditures As Percent Of Gdp By Country, 1980-2010
Figure 2 : Pharmaceutical Expenditures As A Percentage Of Health Expenditures By Country, 2005 And 2010
Figure 3 : Pharmaceutical Expenditures Per Capita By Country, 2005 And 2010
Figure 4 : Estimated Global Population By Selected Age Group And Selected Years, 2000-2030
Figure 5 : Global Population By Selected Country, 2010 And Projected 2015
Figure 6 : Global Life Expectancy At Birth By Selected Country, 1980 And 2010
Figure 7 : U.S. Population Estimates And Projections By Age Group, 1900-2050
Figure 8 : Estimates Of Expected U.S. Life Expectancy At Birth With Projections By Sex, 2000 And 2020
Figure 9 : Hospital Usage Statistics, 2000-2010
Figure 10 : Percentage Of U.S. And Canadian Inpatient Pharmacies At Estimated Levels Of Automation, 2011
Figure 11 : Percentage Of European—Developed Regions—Inpatient Pharmacies At Estimated Levels Of Automation, 2011
Figure 12 : Worldwide Inpatient Pharmacy Automation Market By Equipment Type, Through 2017
Figure 13 : Worldwide Inpatient Pharmacy Automation Market Shares By End User, Estimated 2012
Figure 14 : Worldwide Inpatient Pharmacy Automation Systems Market Shares By World Region, 2012
Figure 15 : Inpatient Pharmacy Automation Equipment Manufacturer Market Shares, Estimated 2012
Figure 16 : U.S. Retail Prescription Drug Sales By Outlet, 1995–2010
Figure 17 : Distribution Of Walgreen Pharmacies In The U.S. By State, 2011
Figure 18 : Distribution Of Cvs Pharmacies In The U.S. By State, 2011
Figure 19 : Distribution Of Rite Aid Pharmacies In The U.S. By State, 2011
Figure 20 : Percentage Of U.S. And Canadian Outpatient Pharmacies At Estimated Levels Of Automation, 2011
Figure 21 : Percentage Of Europe—Developed Regions—Outpatient Pharmacies At Estimated Levels Of Automation, 2011
Figure 22 : Worldwide Outpatient Pharmacy Automation Market By Equipment Type, 2009-2017
Figure 23 : Worldwide Outpatient Pharmacy Automation Systems Market Shares By Region, 2012
Figure 24 : Worldwide Outpatient Pharmacy Automation Manufacturer Market Shares, Estimated 2012
Figure 25 : Worldwide Inpatient And Outpatient Pharmacy Automation Market By Segment, Through 2017
Figure 26 : Worldwide Pharmacy Automation Market By Equipment Type, Through 2017
Figure 27 : Worldwide Pharmacy Automation Market Shares By Segment, 2009-2017
Figure 28 : Worldwide Pharmacy Automation Market Shares By Equipment Type, 2009-2017
Figure 29 : Worldwide Pharmacy Automation Systems Market Shares By Region, 2012
Figure 30 : Number Of Pharmacy Automation And Robot Patents Issued By Year, 1995-2012*
Figure 31 : Pharmacy Automation And Robot Patents By Assignee, As Of June 2012