HOME Research Insight MacKesson Corporation (U.S.) and CareFusion Corporation (U.S.) Lead the Pharmacy Automation Systems Market; Industry Witnesses Continuous Innovations, New Product Launches, and Collaborations



MacKesson Corporation (U.S.) and CareFusion Corporation (U.S.) Lead the Pharmacy Automation Systems Market; Industry Witnesses Continuous Innovations, New Product Launches, and Collaborations


The pharmacy automation systems market was mainly dominated by McKesson Corporation and CareFusion Corporation, collectively holding around half of the global market share in 2013. Besides McKesson and CareFusion, none of the other major players in the market have a share of more than 15%. However, there are a limited number of local players in the market that cater to their respective domestic and regional markets. In the past few years, growing competition from companies like Cerner, Omnicell, InterMetro, Baxter, and Swisslog has challenged the market dominance of the top two players. With a strong distribution network as well as a strong retail pharmacy solutions portfolio, Cerner Corporation is also emerging as one of the leading players in the pharmacy automation systems market.

The leading position of McKesson can mainly be attributed to its well-established position in the pharmaceutical distribution business in the U.S. and Canada as well as its strong portfolio of pharmacy automation systems. In the last few years, the company has launched several products such as EnterpriseRx (a next-generation pharmacy software system), Your Pharmacy Online (a mobile application), ExpressRx Track (a pharmacy automation solution), ScanAbility (Barcode Medication Administration Analytics Tool), and McKesson Ambulatory Pharmacy Solutions, to name a few. These products have helped to reinforce the company’s product portfolio, thereby giving it a competitive advantage over other players in the market.

CareFusion, on the other hand, has a strong global presence and commanded the second-largest market share of xx% in 2013. However, the current share of the company is expected to rise in the near future mainly due to its strong product portfolio and increasing investments in research and development for developing and enhancing its product portfolio. In 2013, the company witnessed an increase of 17% in R&D investments.

The key strategies implemented by major players in the global pharmacy automation systems market were acquisitions, new product launches, agreements, collaborations, and partnerships and expansions. Most companies in the pharmacy automation systems market adopted the strategy of new product launches to increase their market presence and strengthen their product portfolios. This strategy was adopted by leading players like CareFusion Corporation (U.S.), Mckesson Corporation (U.S.), Omnicell, Inc. (U.S.), ScriptPro LLC (U.S.), Kirby Lester LLC. (U.S.), Swisslog Holdings AG (Switzerland), and Talyst, Inc. (U.S.). Agreements, collaborations, and partnerships were also important growth strategies adopted by leading market players in order to increase revenues and sustain long-term growth in the pharmacy automation systems market. Thus, with continuous innovations and new products launches MacKesson Corporation (U.S.) and CareFusion Corporation (U.S.) still dominates the global pharmacy automation market.

Related Reports:

Pharmacy Automation Systems Market by product type (Medication Dispensing Systems, Packaging and Labeling Systems, Table-top Counters) & by End-user (Inpatient Pharmacy Automation, Outpatient Pharmacy Automation) - Global Forecasts & Trends to 2019

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports