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Automated Compounding System Market Size & Forecast 2021-2025 with Impact Analysis of COVID-19 – MarketResearchEngine.com

The global Automated Compounding System Market size will grow by US$ 220 Million by 2024 at a CAGR of 4.1% in the given forecast period.

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Jul 28, 2021 (Heraldkeepers) -- An automated compounding system is a device that aseptically combines one or more drug solutions to a final container for patient administration. Automated Compounding System helpful in avoiding medication error which can occur due to a variety of factors such as poor order communication between the physician and pharmacist, dangerous storage practices in pharmacies, and confusion arising out of the use of similar labels.

The global Automated Compounding System Market size will grow by US$ 220 Million by 2024 at a CAGR of 4.1% in the given forecast period.

Browse Full Report: https://www.marketresearchengine.com/automated-compounding-system-market

Market growth can be attributed to the growing need to minimize medication errors, rapid decentralization of pharmacies, rising geriatric population and rising labour cost. On the other hand, reluctance among the healthcare organizations to adopt pharmacy automation systems is expected to restrain the overall market growth.

The global Automated Compounding System market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Automated Compounding System market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

The global Automated Compounding System market is segregated on the basis of Type as Gravimetric Automated Compounding System and Volumetric Automated Compounding System. Based on End-User the global Automated Compounding System market is segmented in Hospitals, Chemotherapy Centres, and Others.

Competitive Rivalry

Baxter, COMECER, ICU Medical, Omnicell, Grifols, Equashield, B. Braun Holding, ARxIUM, and others are among the major players in the global Automated Compounding System market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Automated Compounding System Market has been segmented as below:

Automated Compounding System Market, By Type

  • Gravimetric Automated Compounding System

  • Volumetric Automated Compounding System

Automated Compounding System Market, By End-User

  • Hospitals

  • Chemotherapy Centres

  • Others

Automated Compounding System Market, By Region

  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World

Automated Compounding System Market, By Company

  • Baxter

  • COMECER

  • ICU Medical

  • Omnicell

  • Grifols

  • Equashield

  • B. Braun Holding

  • ARxIUM

The report covers:

  • Global Automated Compounding System market sizes from 2015 to 2024, along with CAGR for 2018-2024

  • Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024

  • Global Automated Compounding System market trends, covering comprehensive range of consumer trends & manufacturer trends

  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Automated Compounding System market

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