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Low Installation Rates in Retail Pharmacies Across Europe Increase the Growth Potential of the Pharmacy Automation Systems Market, Finds Frost & Sullivan

September 1, 2010 By Bio-Medicine.Org

LONDON, Sept. 1 /PRNewswire/ — The pharmacy automation systems
market in Europe is experiencing a tremendous growth spurt. Until
recently, most pharmacies have been either without automation or
have employed very basic automation systems. In response, the
adoption rate of automation systems across Europe has been
progressing from basic prescription management systems to advanced
medication pick-up and drug dispensing automation systems.
Likewise, although the adoption of automation systems has been most
prevalent among hospital pharmacies, there is significant potential
for growth in the retail pharmacy market across Europe.

(Logo: http://photos.prnewswire.com/prnh/20081117/FSLOGO)

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

New analysis from Frost & Sullivan (http://www.healthcareIT.frost.com),
European Markets for Pharmacy Automation Systems, finds that
the market earned revenues of $151.4 million in 2009 and estimates
this to reach $360.2 million by 2016. This research service
particularly focuses on prescription management automation systems,
medication pick-up automation systems and drug dispensing
automation systems.

“Pharmacy automation systems translate a product-centric
pharmacy model into a patient-centric workflow model, thus
improving the pharmacy environment for both the patients and the
pharmacists,” says Frost & Sullivan Industry Analyst S.
Priyan. “More importantly, these systems reduce the waiting time
for the patients, lower medication errors, prevent adverse drug
events (ADE), and ease operating costs for the pharmacy, thereby
enhancing patient safety, pharmacy productivity, and turnover.”

There is considerable demand and potential for automation
systems among retail pharmacies. Alth

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SOURCE

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