Analysis By Product Type (Gravimetric Automated Compounding Systems, Volumetric Automated Compounding Systems); End User (Hospitals, Chemotherapy Centers, Others), and Country
No. of Pages:93
Report Code:
TIPRE00012189
Category:
Technology, Media and Telecommunications
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.
Market Overview and Dynamics
The Europeautomated compounding systemsmarket is expected to reach US$ 182.88million by2027 from US$ 111.28 million in 2019. The market is anticipated to grow with a CAGR of 6.6 % 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 and reluctance to adopt the automated compounding systemand 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 systemsmarket by 2027. In terms of the endusers, in 2019, the hospital segment held the most significant market share of the automated compounding systemsmarket.
Major Sources and Companies Listed
Some of the major primary and secondary sources forautomated compounding systemsmarket included in the report are Food and Drug Administration(FDA), World Health Organization (WHO), European Association of Hospital Pharmacists (EAHP), and others.
Reasons to buy the report
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Helps to takeknowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form automated compounding systemsmarket
Obtain market revenue forecast for market by various segments from 2018 to 2027 in Europe region
How big is the Europe Automated Compounding Systems Market?
The Europe Automated Compounding Systems Market is valued at US$ 111.28 Million in 2019, it is projected to reach US$ 182.88 Million by 2027.
What is the CAGR for Europe Automated Compounding Systems Market by (2019 - 2027)?
As per our report Europe Automated Compounding Systems Market, the market size is valued at US$ 111.28 Million in 2019, projecting it to reach US$ 182.88 Million by 2027. This translates to a CAGR of approximately 6.6 % during the forecast period.
What segments are covered in this report?
The Europe Automated Compounding Systems Market report typically cover these key segments-
Product Type (Gravimetric Automated Compounding Systems, Volumetric Automated Compounding Systems)
End User (Hospitals, Chemotherapy Centers)
What is the historic period, base year, and forecast period taken for Europe Automated Compounding Systems Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Automated Compounding Systems Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in Europe Automated Compounding Systems Market?
The Europe Automated Compounding Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Braun Melsungen AG
Comecer
Grifols, S.A
NewIcon
Baxter International Inc.
Who should buy this report?
The Europe Automated Compounding Systems Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Europe Automated Compounding Systems Market value chain can benefit from the information contained in a comprehensive market report.
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