Gravimetric Automated Compounding Systems Segment Held Largest Share of North America Automated Compounding Systems Market in 2019

According to a new market research study of ‘North AmericaAutomated Compounding Systems Marketto 2027 – Regional Analysis and Forecast by Product Type, and Enduser,’the North Americaautomated compounding systems marketis expected to reach US$ 339.69 millionby 2027 from US$ 197.53 million in 2019. The market is estimated to grow with a CAGR of 7.2% from 2020 to 2027. The report provides trends prevailing in the North Americaautomated compounding systems market and the factors driving market along with those that act as hindrances.

Based on the product type, the North Americaautomated compounding systems market is segmented into gravimetric automated compounding systems and volumetric automated compounding systems.The gravimetric automated compounding systemssegment held the largest share of the market in 2019, also estimated to register the highest CAGR in the market during the forecast period. The growth of the gravimetric automated compounding systems is attributed to accuracy provided by the systems, preference by the pharmacies and hospitals for the gravimetric systems, enormous commercial use of these systems in the market.

The North Americaautomated compounding systems marketis expected to grow owing to the increasing  adoption of chemotherapy, personalized medication, and rising need to minimize medication errors. However,high cost of the automated compounding systemsis expected to restraint the growth of the market during the forecast period.

Baxter International Inc., ICU Medical Inc,Omnicell Inc., Equashield and ARxIUM areamong the leading companies operating in the North Americaautomated compounding systems market.

NORTH America Automated Compounding Systems Market, By Regions, 2019 (%)

The report segments North AmericaAutomated Compounding Systems Marketas Follows:

North America Automated Compounding Systems Market– ByProduct Type

• Gravimetric Automated Compounding Systems
• Volumetric Automated Compounding Systems

North America Automated Compounding Systems Market – By Enduser

• Hospitals
• Chemotherapy Centers
• Others

North AmericaAutomated Compounding Systems Market– By Geography

• North America
  • US
  • Canada
  • Mexico

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