Pharmacy Automation Market

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

Report Code
MD 2624
Published ON
Apr, 2017
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Pharmacy Automation Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved