Saudi Arabia Automated Medication Management System Market (2021-27)
Markets Forecast By System Types (Computerized Physician Order Entry System, Inventory Management System, Automated Dispensing System/ Supply Dispensing System (Automated Centralized Dispensing System (Robots/ Robotic Automated Dispensing System, Carousels), Automated Decentralized Dispensing System (Pharmacy-Based Decentralized Automated Dispensing System, Ward-Based Decentralized Automated Dispensing System, Unit-Dose Decentralized Automated Dispensing System)), By Verticals (Hospitals, Pharmacies, Diagnostic Centers, Logistics & Warehouse, Others (Dispensaries, Clinics, Logistics & Warehouses)), By Regions (Northern, Southern, Eastern, Western) And Competitive Landscape
According to 6Wresearch, Saudi Arabia Automated Medication System Market size is projected to grow at CAGR of 8.5% during 2021-27.Saudi Arabia automated medication management system market registered growth in past years owing to the rise in investment by hospitals to improve workflow, rapid advancement in medical technology, and an increase in focus on reducing medication errors in the country. Additionally, the adoption of IT in the healthcare sector is a factor that would fuel the market growth during the forecast period.
The increase in the construction of private hospitals which employed automated medication management systems and adopted the automation process in their healthcare services along with increased incidences of medication errors were the primary reasons for increased demand of such units during 2017-2020. Further, the growing demand for quality healthcare services by the urbanized population of the country, increased government expenditure on healthcare sector and increase in number of medication and dispensing errors are the major factors which would drive the Saudi Arabia automated medication management system market in the upcoming years.
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Market Analysis by Application
On the basis of verticals, the market share was dominated by the Hospital segment in 2020 owing to the growing need of automated medication management system specifically automated dispensing cabinets and computerized physician order entry system to minimize the occurrences of medication and dispensing errors.
Key Highlights of the Report
Saudi Arabia Automated Medication Management System Market Overview
Saudi Arabia automated medication management system market Trends
Saudi Arabia Automated Medication Management System Market Outlook
Saudi Arabia Automated Medication Management System Market Forecast
Market Drivers
Market Restraints
Market Opportunity Assessment
Market Player’s Revenue Shares/Ranking
Industry Life Cycle
Porter’s Five Force Analysis
Market Competitive Benchmarking
Historical Data and Forecast of Saudi Arabia Automated Medication Management System Market Revenues for the Period 2017-2027F
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