Analysis by Product Type (Gravimetric Automated Compounding Systems, Volumetric Automated Compounding Systems); End User (Hospitals, Chemotherapy Centers, Others), and Country –
No. of Pages:92
Report Code:
TIPRE00012087
Category:
Technology, Media and Telecommunications
North America Automated Compounding Systems Market
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 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
ByEnd User
Hospitals
Chemotherapy Centers
Others
By Geography
North America
US
Canada
Mexico
Company Profiles
Baxter International Inc.
ICU MEDICAL INC
OMNICELL INC.
EQUASHIELD
ARxIUM
North America Automated Compounding Systems Market Strategic Insights
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North America Automated Compounding Systems Market Segmentation Analysis
North America Automated Compounding Systems Market Report Highlights
North America Automated Compounding Systems Report Scope
Report Attribute
Details
Market size in 2019
US$ 197.53 Million
Market Size by 2027
US$ 339.69 Million
CAGR (2019 - 2027)
7.2 %
Historical Data
2017-2018
Forecast period
2020-2027
Segments Covered
By Product Type
Gravimetric Automated Compounding Systems
Volumetric Automated Compounding Systems
By End User
Hospitals
Chemotherapy Centers
Regions and Countries Covered
North America
US
Canada
Mexico
Market leaders and key company profiles
Baxter International Inc.
ICU MEDICAL INC
OMNICELL INC.
EQUASHIELD
ARxIUM
Get more information on this report
North America Automated Compounding Systems Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the North America Automated Compounding Systems Market?
The North America Automated Compounding Systems Market is valued at US$ 197.53 Million in 2019, it is projected to reach US$ 339.69 Million by 2027.
What is the CAGR for North America Automated Compounding Systems Market by (2019 - 2027)?
As per our report North America Automated Compounding Systems Market, the market size is valued at US$ 197.53 Million in 2019, projecting it to reach US$ 339.69 Million by 2027. This translates to a CAGR of approximately 7.2 % during the forecast period.
What segments are covered in this report?
The North America 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 North America 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 North America Automated Compounding Systems Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in North America Automated Compounding Systems Market?
The North America Automated Compounding Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Baxter International Inc.
ICU MEDICAL INC
OMNICELL INC.
EQUASHIELD
ARxIUM
Who should buy this report?
The North America 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 North America Automated Compounding Systems Market value chain can benefit from the information contained in a comprehensive market report.
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