The expansion of the worldwide central fill pharmacy automation market is anticipated to be driven by the increased demand for specialty medicine dispensing from central fill pharmacies. Speciality drugs have revolutionised medicine during the past two decades, extending the life expectancy and enhancing the quality of life for many people with chronic illnesses. As long as the medication can be obtained from a manufacturer or through an approved wholesale distribution channel, any registered pharmacy may dispense a speciality drug. The supply of generic pharmaceuticals, which are in high demand, has expanded in the global pharmaceutical industry as a result of increasing investments from pharmaceutical stakeholders and increased efficiency. In the end, this has helped fuel a global need for central fill pharmacy automation.
Over the projected period (2022-2030), the global Central Fill Pharmacy Automation Market is anticipated to grow at a CAGR of 12.2%, reaching an estimated market value of US$ 416.06 Mn in 2022.
Key Manufacturers in the Central Fill Pharmacy Automation Industry:
1. Omnicell: For healthcare providers, Omnicell Inc. offers business analytics and automation software. Medication dispensing systems, pharmacy inventory management systems, and related software are all produced under the automation and analytics section. Founded 1992. Headquarter of the United States. Marketouch Media (Jan 2022), ReCept Pharmacy (Dec 2021), and Fdsamplicare.vdtrxn (Sep 2021) are the most recent acquisitions.
2. ARxIUM: Automated services for the hospital pharmacy were designed and developed. By mechanically preparing IV syringes and bags, the company's Robotic Automation (RIVA) system answers concerns about patient and pharmacy technician safety, pharmacy efficiency and effectiveness, and the difficulties of a dynamic regulatory environment. Created in 2004. HQ for Canada. Google Purchases MicroLED Start-Up Raxium to Advance AR Goals
3. Cardinal Health: A provider of healthcare services, Cardinal Health offers a wide range of goods and services to manufacturers and healthcare professionals. Pharmaceutical distribution, packaging, and repackaging, retail pharmacy franchising, development of drug-delivery technologies, and health-care information systems are all services offered by the business. created in 1971. U.S. administration. Mscripts (April 2019), Mirixa (January 2019), and Liberty Medical (June 2017) are the most recent acquisitions.
4. Parata Systems: maker of pharmacy-focused automation technology. The business offers vial filling, adherence packaging, centralised filling, inventory control, call management, and workflow management services that help healthcare, nutraceutical, DOD, central fill, long-term, and retail pharma facilities improve workflow, productivity, and clinical outcomes. Founded 2006. Headquarter of the United States. In 2022, BD, a preeminent provider of medical technology worldwide, and Frazier Healthcare Partners, a premier private equity firm specialising exclusively in the healthcare industry, announced a binding agreement under which BD would pay $1.525 billion to acquire Parata Systems, a pioneer in pharmacy automation solutions.
5. RxSafe: Creater of pharmacy automation systems that are tailored to all the needs of the card filling process in pharmacies. Created in 2008. Headquarter of the United States.
Definition: Central fill pharmacy automation is a completely automated pharmacy dispensing system that reduces the need for manual or human labor by handling the entire inventory system with machines and robots.
