Asia Pacific Automated Compounding Systems Market is Anticipated to Grow with a CAGR of 7.5 % from 2019 to 2027

Publisher: The Insight Partners

The Asia Pacific Automated Compounding Systems Market is growing along with the Healthcare industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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.

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The Asia Pacificautomated compounding systemsmarket is expected to reach US$ 123.70million by2027 from US$ 70.25million in 2019. The market is anticipated to grow with a CAGR of 7.5 % from 2019 to 2027.Growing adoption of automated compounding systems in the pharmacies and hospitals and increasing need to reduce medication errors.are 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.

These factors are expected to offer broad growth opportunities in the Healthcare industry and this is expected to cause the demand for Asia Pacific Automated Compounding Systems Market in the market.

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ASIA PACIFICAUTOMATED COMPOUNDING SYSTEMSMARKET SEGMENTATION

By Product

• Gravimetric Automated Compounding Systems
• Volumetric Automated Compounding Systems

By End User

• Hospitals
• Chemotherapy Centers
• Others

By Geography

• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia

Company Profiles

• Weibond Technology
• ARxIUM
• Grifols, S.A
• NewIcon
• Baxter International Inc.

Major Sources and Companies Listed

Some of the major primary and secondary sources forautomated compounding systemsmarket included in the report areWorld Health Organization (WHO), National Health Group (NHG) and others.

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