According to the new market research report "Pharmacy Automation Market by Product (Medication Dispensing System (Robot, Carousel), Packaging & Labeling System (Unit Dose, Multi Dose), Tabletop Counter, Storage System), End-User (Inpatient, Outpatient, Retail Pharmacy) - Global Forecast to 2022", published by MarketsandMarkets™, marketsandMarkets forecasts the pharmacy automation market is estimated to grow from USD 3.63 billion in 2017 to USD 5.38 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period.

Browse in-depth TOC on “Pharmacy Automation Market"

181 - Table

54 – Figures

218 – Pages

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By product, the automated medication dispensing systems segment accounted for the largest share of the pharmacy automation market

Based on product, the pharmacy automation market is segmented into automated medication dispensing systems, automated packaging and labelling systems, automated table top counters, automated medication compounding systems, automated storage and retrieval systems, and other pharmacy automation systems. Automated medication dispensing systems accounted for the largest share of the pharmacy automation market in 2016.

By end user, the retail pharmacies segment to record the highest CAGR during the forecast period

On the basis of end users the market is classified into inpatient pharmacies, outpatient pharmacies, pharmacy benefit management organization and mail order pharmacies, and retail pharmacies. Retail pharmacies is the fastest growing end user segment in the pharmacy automation market during the forecast period.

Driver: Growing need to minimize medication errors :

Medication errors and dispensing errors are recognized as leading causes of hospital readmissions across the globe. A medication error 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. Automated systems are considered to be one of the most efficient solutions to minimize these errors.

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North America to account for the largest market size during the forecast period :

North America is expected to hold the largest market size in the pharmacy automation market during the forecast period, followed by the European region. The large share of the N+0orth American pharmacy automation market can largely be attributed to the increasing number of drug prescriptions at resulting from growth in the aging population.

Key Market Players :

Becton, Dickinson, and Company (U.S.), Omnicell, Inc. (U.S.), Cerner Corporation (U.S.), Capsa Healthcare (U.S.), Parata Systems LLC (U.S), Baxter International, Inc. (U.S.), ScriptPro LLC (U.S.), KUKA AG (Germany), TCGRx Pharmacy Workflow Solutions (U.S.), RxSafe, LLC (U.S.), ARxIUM Inc. (U.S.) and Talyst Systems, LLC (U.S.).

The global playout automation market is anticipated to expand at a significant CAGR of 15.67% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The key points of this report are:

• To analyze global Playout Automation status, future forecast, growth opportunity, key market, and key players

• To present the Playout Automation development in the United States, Europe, and China

• To strategically profile the key players and comprehensively analyze their development plan and strategies

• To define, describe and forecast the market by product type, market, and key regions

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Market Segment:

The key players covered in this study

• Evertz Microsystems
• Grass Valley
• Harmonic
• Snell Advanced Media

Market segment by Type, the product can be split into

• International Broadcasters
• National Broadcasters

Market segment by Application, split into

• Movement
• News
• Entertainment
• Animation, Education

Market segment by Regions/Countries, this report covers

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America

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The global motor control centers (MCC) market is expected to display higher growth rate in the upcoming period. Rapid surge in the market is credited to the increasing adoption of low voltage motors in various end-use industries. Motor control centers (MCC) are currently employed in different industries such as chemicals & petrochemicals, paper & pulp, cement, and food and beverage. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of motor control centers (MCC).

Increasing number of application of motor control centers (MCC) in automobile industry, oil & gas industry, cement manufacturing sector and textile industry, is expected to drive the growth of motor control centers (MCC) market over the forecast period. Growing importance towards predictive maintenance of motor is expected to drive the growth of wireless motor monitoring system market over the forecast period. Maintenance & monitoring of industrial low-voltage motor is considered as a high priority task owing to its widespread applications.

Increasing adoption of high-performing low-voltage motors in variable industrial application is expected to favor the market growth over the forecast period. A motor control center (MCC) helps to monitor several motors from remote or a central locations. A motor control center (MCC) contains several enclosed sections that has a common power bus. Each section has its own combination starter combined with motor starter, fuses or circuit breaker and power disconnect. The motor control centers uses push buttons, indicator lights, variable-frequency drives, programmable logic controllers and metering equipment for easy operations.

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The motor control centers market is broadly categorized into two major segments based on the product type such as intelligent motor control centers and conventional motor control centers. Intelligent motor control centers segment is growing rapidly in the market with substantial revenue generation in the last few years.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in industrial automation sector, surge in number of research & development activities and existence of well-established manufacturing infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the motor control centers industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising awareness level among small and medium-sized businesses, growing number of manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the motor control centers (MCC) market are ABB, Ltd., Schneider Electric SE, Siemens AG, Eaton Corp., Rockwell Automation, Inc., and General Electric Company.

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Global Motor Control Centers Market is expected to grow at a significant CAGR of 5.78% in the upcoming period as the scope and its applications are rising enormously across the globe. Motor control centers (MCC) are centralized systems that establish the controls for the industrial electric motors mainly related to factory machinery. These centers range in size from smaller portable cabinets to larger systems that are attached to the floor. They also vary from low to high voltages based on the motors to be controlled.

The factors that are playing a major role in the growth of market are growing demand for motor control centers from major manufacturers, rising industrial automation in developed regions, and growing power generation capacity across the globe. However, fluctuation in material costs may restrain overall market growth in the years to come. Motor control centers market is segmented based on type, voltage, component, standard, end-user, and region.

Intelligent motor control centers and conventional motor control centers are the types that could be explored in motor control centers in the forecast period. Medium and low voltage are the voltage types that could be explored in motor control centers in the forecast period.

Several components of motor control centers such as soft starters, bus bars, variable speed drives, circuit breakers and fuses, overload relays, and others could be explored in the forecast period. The bus bars sector accounted for the significant market share of motor control centers and is estimated to lead the overall market in the years to come. Based on standard NEMA, IEC, and others could classify motor control centers in the forecast period. The IEC sector accounted for the substantial market share of motor control centers and is estimated to lead the overall market in the years to come.

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The market may be categorized based on end users like a commercial, industrial, and others that could be explored in the forecast period. The industrial sector comprises food & beverage, oil & gas, cement & manufacturing, mining & metals, chemicals and petrochemicals, utilities, and others. The oil & gas sector accounted for the substantial market share of motor control centers and is estimated to continue its dominance in the years to come. The reason behind the growth of sector could be the rising use of motor control centers for drilling and other processes. In addition, the utility sector is estimated to grow at the highest CAGR in the years to come.

Globally, Asia Pacific accounted for the substantial market share of motor control centers and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be growing urbanization & industrialization and rising power generation capacity. Also, the sector is estimated to grow at highest CAGR in the forecast period. The developing countries like India and China are the major consumers of motor control centers in this region.

North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at the highest CAGR in the forecast period. The key players of motor control centers market are Siemens, ABB, Schneider Electric, Eaton, Rockwell Automation, and General Electric. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Global Process Automation and Instrumentation Market are expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Process automation and instrumentation comprises computing technology, software, and hardware to allow manufacturers to operate more efficiently and safely.

The factors that are playing a major role in the growth of market are growing acceptance of IoT across several industries, rising adoption of digitalized methods over conventional practices, increasing demand for proactive solutions, and growing importance on governing acquiescence in process industries. However, the risk of instrument failure may restrain overall market growth in the years to come. Process automation and instrumentation market are segmented based on instrument type, solution, end-user, and region.

Analyzer, field instrument, and the control valve are the instrument types that could be explored in process automation and instrumentation in the forecast period. Analyzer sector comprises liquid chromatograph, pH analyzer, gas chromatograph, and conductivity analyzer. Field instrument sector comprises humidity, pressure, level, and temperature. Whereas, control valve comprises an actuator, a valve body, and others. Field instrument sector accounted for the significant market share of process automation and instrumentation.

Based on a solution, SCADA, APC, Safety Automation, DCS, PLC, HMI, MES, and others could classify process automation and instrumentation in the forecast period. The manufacturing execution system (MES) sector accounted for the substantial market share of process automation and instrumentation and is estimated to lead the overall market in the years to come. The reason behind the segment growth could be its capacity to perform multiple activities.

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The market may be categorized based on end users like water & wastewater, chemicals, pulp & paper, energy & power, pharmaceuticals, food & beverages, oil & gas, metals & mining, and. The energy and power sector accounted for the significant market share of process automation and instrumentation and is estimated to continue its dominance in the years to come.

Globally, North America accounted for the significant market share of process automation and instrumentation and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be enhancements in next-generation technologies, widespread deployment of IoT and communication technologies, and the presence of key manufacturers in this region. The United States and Canada are the major consumers of process automation and instrumentation in this region.

Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise rising investment in energy infrastructure and growing demand for policy and electricity makers push for improved power reliability.

The key players of process automation and instrumentation market are Siemens, ABB, Schneider Electric, Emerson Electric, Rockwell Automation, Honeywell, OMRON, and Mitsubishi Electric. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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