South America Pharmacy Automation Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Medical Dispensing System, Packaging And Labeling System, Robots Dispensing System, IV Pharmacy, Others), By End-User (Hospital Pharmacy, Pharmacy Chains, Retail Pharmac), And By Country - Forecasts From 2021 To 2026

Published:  Jul 2021 Report Code: KSI061610669 Pages: 110

The South America pharmacy automation market is projected to grow at a CAGR of 8.56% during the forecast period to reach a total market size of US$790.714 million in 2026 from US$444.998 million in 2019. 

Established market companies are grabbing unexplored areas to expand their footprints throughout the world, which is driving growth. The need for pharmacy automation in this region is being fueled by rising e-health usage and a burgeoning telemedicine network. Due to the lack of legal compliance for millions of prescriptions in Brazil, the retail pharmacy automation market is expected to develop rapidly throughout the projected period. Furthermore, a growing population base favoring self-medication and over-the-counter medicines, as well as an increase in counterfeit drug instances, is propelling the automated pharmacy packaging and labeling system market in South America forward.

South AMERICA PHARMACY AUTOMATION MARKET, US$ million, 2019 to 2026

 

Source: Knowledge Sourcing Intelligence Analysis

Growing penetration of chronic diseases and the rising geriatric population to increase market demand.

Furthermore, a growing aging population, increasing number of chronic disease patients, and availability of less storage space are further augmenting the market demand for pharmacy automation systems in South America during the forecast period. As reported by World Health Organization, in Brazil, chronic diseases are projected to account for 72 percent of all deaths.

The rising number of medication errors propel the demand for pharmacy automation solutions.

The pharmacy automation market in the area is increasing due to improved healthcare infrastructure and increased awareness and acceptance of innovative technology. To decrease prescription mistakes, healthcare institutions are turning to pharmacy automation systems as the population ages, urbanization grows, and the number of patients suffering from different lifestyle-related disorders rises.

The rise in healthcare expenditure in the developing countries in the region demands a cost-effective solution through pharmacy automation. As reported in the Health Satellite Account, released in December 2019 by the IBGE, Expenditure on health in Brazil reached R$ 608,3 billion in 2017, which is 9.2% of the Gross Domestic Product. According to the report, Brazilian families spent 39.7 percent more on health in 2017 than the government. Brazilian families spent the most (66.8%) on private health services, including those paid for by employers, of all the costs related to health. They brought in R$ 231 billion in 2017.

Research and Development in the healthcare sector to augment the market growth.

Increasing investment in research and development is further contributing to the growth in the market size of the South American pharmacy automation market. AS reported by World Health Organization, the Brazilian medical device industry has a large framework for research and development operations that are spread out over the country. To create a sustainable development environment for the industrial complex and health innovation, local infrastructure in this sector relies on biomedical engineering experts with high skills and knowledge, academic institutions, and many enterprises. The way the medical device business in Brazil evaluates innovation and new technology has shifted in recent years. Only in the last two years have initiatives directly sponsored by the Ministry of Health totaled more than US$ 100 million.

Moreover, health demands 9% of Brazil’s GDP and 30% of the national efforts in research and development.

South America Pharmacy Automation Market Scope:

Report Metric Details
 Market size value in 2019  US$444.998 million
 Market size value in 2026  US$790.714 million
 Growth Rate  CAGR of 8.56% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Application, End-User, And Country
 Regions covered  Brazil, Argentina, Chile, others
 Companies covered  Omnicell, McKesson, Swisslog Healthcare (Talyst LLC), Cerner Corporation
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Application
    • Medical Dispensing System
    • Packaging and Labeling System
    • Robots Dispensing System
    • IV Pharmacy
    • Others
  • By End-user
    • Hospital Pharmacy
    • Pharmacy Chains
    • Retail Pharmacy
  • By Country
    • Brazil
    • Argentina
    • Chile
    • others

1. Introduction
1.1. Market Definition
1.2. Market Segmentation


2. Research Methodology
2.1. Research Data
2.2. Assumptions


3. Executive Summary
3.1. Research Highlights


4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis


5. South America Pharmacy Automation Market, by Application
5.1. Introduction
5.2. Medical Dispensing System
5.3. Packaging and Labeling System
5.4. Robots Dispensing System
5.5. IV Pharmacy 
5.6. Others     


6. South America Pharmacy Automation Market, by End Users
6.1. Introduction
6.2. Hospital Pharmacy
6.3. Pharmacy Chains
6.4. Retail Pharmacy


7. South America Pharmacy Automation Market, by Country
7.1. Introduction
7.2. Brazil
7.3. Argentina
7.4. Chile
7.5. others


8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix


9. Company Profiles
9.1. Omnicell
9.2. McKesson
9.3. Swisslog Healthcare (Talyst LLC)
9.4. Cerner Corporation

Omnicell

McKesson

Swisslog Healthcare (Talyst LLC)

Cerner Corporation

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