North America Automated Compounding Systems Market to 2027- Covid-19 Impact and Regional Analysis by Product Type (Gravimetric Automated Compounding Systems, Volumetric Automated Compounding Systems); End User (Hospitals, Chemotherapy Centers, Others), and Country – Regional Analysis and Market Forecasts by Drug Class and Action Mechanism
Market Introduction
An automated compounding system is a device that combines one or more drug solutions aseptically to a final container for patient administration. Earlier these processes were carried out manually. However, the accuracy and efficiency of the dispensing of compounded products has dramatically improved with the introduction of automated compounding systems. This also reduces the exposure of healthcare professionals to toxic agents.
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Market Overview and Dynamics
The North Americaautomated compounding systems market is expected to reach US$ 339.69 million by 2027 from US$ 197.53 million in 2019. The market is anticipated to grow with a CAGR of 7.2 % from 2019 to 2027.Growing adoption of chemotherapy and personalized medication and rising need to minimize medication errorsare the major factors driving the market growth. However, the high cost of the automated compounding systems and COVID-19 pandemic are likely to have a negative impact on market growth.
Key Market Segments
In terms of product type, the gravimetric automated compounding systemsis expected to hold the largest share of the automated compounding systems market by 2027. In terms of the endusers, in 2019, the hospital segment held the most significant market share of the automated compounding systems market.
Major Sources and Companies Listed
Some of the major primary and secondary sources forautomated compounding systems market included in the report are Food and Drug Administration (FDA), National Coordinating Council for Medication Error Reporting and Prevention (NCC MERP), American Association of Colleges of Pharmacy (AACP), and others.
Reasons to buy the report
- To understand the automated compounding systems market landscape and identifymarket segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for automated compounding systems market
- Efficiently plan M&A and partnership dealsin automated compounding systems market by identifying market segments with the most promising probable sales
- Helps to takeknowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form automated compounding systems market
- Obtain market revenue forecast for market by various segments from 2019 to 2027 in North America region
NORTH AMERICA AUTOMATED COMPOUNDING SYSTEMSMARKET SEGMENTATION
By Product
- Gravimetric Automated Compounding Systems
- Volumetric Automated Compounding Systems
By End User
- Hospitals
- Chemotherapy Centers
- Others
By Geography
- North America
- US
- Canada
- Mexico
Company Profiles
- Baxter International Inc.
- ICU MEDICAL INC
- OMNICELL INC.
- EQUASHIELD
- ARxIUM
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Automated Compounding Systems Market – By Product Type
1.3.2 North America Automated Compounding Systems Market– By End User
1.3.3 North America Automated Compounding Systems Market – By Country
2. North America Automated Compounding Systems Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Automated Compounding Systems Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Automated Compounding Systems Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Automated Compounding Systems Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Adoption of Chemotherapy and Personalized Medication
5.1.2 Rising Need to Minimize Medication Errors
5.2 Key Market Restraints
5.2.1 High Cost of the Automated Compounding Systems
5.3 Key Market Opportunities
5.3.1 Increasing Awareness in Pharmacists
5.4 Future Trends
5.4.1 Introduction of Novel Robotic Technology Automation in Compounding Systems
5.5 Impact Analysis
6. Automated Compounding Systems Market – North America Analysis
6.1 North America Automated Compounding Systems Market Revenue Forecasts and Analysis
7. North America Automated Compounding Systems Market Analysis and Forecasts To 2027 – By Product Type
7.1 Overview
7.2 North America Automated Compounding Systems Market, By Product Type 2019 & 2027 (%)
7.2.1 North America Automated Compounding Systems Market Revenue and Forecasts to 2027, By Product Type (US$ Mn)
7.3 Gravimetric Automated Compounding Systems
7.3.1 Overview
7.3.2 North America Gravimetric Automated Compounding Systems Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Volumetric Automated Compounding Systems
7.4.1 Overview
7.4.2 North America Volumetric Automated Compounding Systems Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America Automated Compounding Systems Market Analysis – By End-User
8.1 Overview
8.2 North America Automated Compounding Systems Market, By End-User 2019-2027 (%)
8.2.1 North America Automated Compounding Systems Market Revenue and Forecasts to 2027, By End-User (US$ Mn)
8.3 Hospitals
8.3.1 Overview
8.3.2 North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Chemotherapy Centers
8.4.1 Overview
8.4.2 North America Chemotherapy Centers Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Others
8.5.1 Overview
8.5.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Automated Compounding Systems Market Revenue and Forecasts To 2027 – Geographical Analysis
9.1 North America Automated Compounding Systems Market Revenue and Forecasts To 2027
9.1.1 Overview
9.1.2 North America: Automated Compounding Systems Market - Revenue and Forecast to 2027 (USD Million)
9.1.3 North America: Automated Compounding Systems Market – Volume and Forecast to 2027 (Units)
9.1.4 North America Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
9.1.5 North America Automated Compounding Systems Market, by Product Type – Volume and Forecast to 2027 (Units)
9.1.6 North America Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.7 North America: Automated Compounding Systems Market, by Country, 2019 & 2027 (%)
9.1.8 US: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1 US: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1.1 US Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
9.1.8.1.2 US Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.9 Canada: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.1 Canada: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.1.1 Canada Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
9.1.9.1.2 Canada Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
9.1.10 Mexico: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.10.1 Mexico: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
9.1.10.1.1 Mexico Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
9.1.10.1.2 Mexico Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
10. Impact Of COVID-19 Pandemic on North America Automated Compounding Systems Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. COMPANY PROFILES
11.1 Baxter International Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ICU MEDICAL INC.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 OMNICELL INC.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 EQUASHIELD
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 ARxIUM
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. North America Automated Compounding Systems Market Revenue and Forecasts To 2027, By Product Type (US$ Mn)
Table 2. North America Automated compounding systems Market Revenue and Forecasts To 2027, By End-User (US$ Mn)
Table 3. North America Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 4. North America Automated Compounding Systems Market, by Product Type – Volume and Forecast to 2027 (Units)
Table 5. North America Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 6. US Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 7. US Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 8. Canada Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 9. Canada Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico Automated Compounding Systems Market, by Product Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Mexico Automated Compounding Systems Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. Automated Compounding Systems Market Segmentation
Figure 2. North America Automated Compounding Systems Market Overview
Figure 3. Gravimetric Automated Compounding Systems Segment Held Largest Share of Product Type in Automated Compounding Systems Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. North America Automated Compounding Systems Market - Leading Country Markets (US$ Mn)
Figure 6. Automated Compounding Systems Market - North America PEST Analysis
Figure 7. Automated Compounding Systems Market Impact Analysis of Driver and Restraints
Figure 8. North America Automated Compounding Systems Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. North America Automated Compounding Systems Market, By Product Type 2019 & 2027 (%)
Figure 10. North America Gravimetric Automated Compounding Systems Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. North America Volumetric Automated Compounding Systems Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. North America Automated Compounding Systems Market, by End-User 2019 & 2027 (%)
Figure 13. North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Chemotherapy Centers Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America: Automated Compounding Systems Market, by Key Country – Revenue (2019) (USD Million)
Figure 17. North America Automated Compounding Systems Market Revenue and Forecast to 2027 (USD Million)
Figure 18. North America Automated Compounding Systems Market Volume and Forecast to 2027 (Units)
Figure 19. North America: Automated Compounding Systems Market, by Country, 2019 & 2027 (%)
Figure 20. US: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
Figure 21. Canada: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
Figure 22. Mexico: Automated Compounding Systems Market – Revenue and Forecast to 2027 (USD Million)
Figure 23. Impact of Covid-19 Pandemic in North American Country Markets
The List of Companies - North America Automated Compounding Systems Market
- Baxter International Inc.
- ICU MEDICAL INC
- OMNICELL INC.
- EQUASHIELD
- ARxIUM
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