Saudi Arabia Automated Medication Management System Market (2021-27) | Share, Value, Forecast, COVID-19 IMPACT, Trends, Analysis, Revenue, Size, Growth, Outlook, Industry & Companies
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
| Product Code: ETC060882 | Publication Date: Jul 2021 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 84 | No. of Figures: 30 | No. of Tables: 9 |
Saudi Arabia Automated Medication Management System Market report comprehensively covers the market by system types, verticals and region. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Saudi Arabia Automated Medication System Market Synopsis
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. Further, market witnessed a fall in revenues during 2020 due to the ongoing pandemic of COVID-19, which resulted in a suspension of economic activities, decline in manufacture of medical devices and disrupted supply chain in the region due to lockdown across the country. However, the upsurge in the number of medication errors during COVID-19, growing healthcare infrastructure, public private partnerships in healthcare sector, demand for quality healthcare services from the rising urban population in different provinces of the country, Saudi Vision 2030 healthcare goals and National Transformation Program (NTP) launched by the Saudi government would be the key catalysers for the overall growth of the automated medication management system market.
According to 6Wresearch, Saudi Arabia Automated Medication System Market size is projected to grow at CAGR of 8.5% during 2021-27. Numerous hospital construction projects and partnership agreements between private companies such as Omnicell Inc, Abbot Industries with Imam Abdulrahman Bin Faisal University Hospital coupled with growing healthcare expenditure by the Saudi government would further multiply the market revenues in the near future. Further, by system types, automated dispensing system dominated the Saudi Arabia automated medication management system market revenues in 2020 on account of high adoption rate of dispensing cabinets in hospitals and pharmacies in the country. Additionally, the healthcare system came up with the efficient drug distribution and a smaller number of medication errors owing the use of automated dispensing system in the country which further contributed to the highest revenue share in 2020.
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. Projects such as King Fahad Medical City, King Khalid City etc. launched by the government towards construction of new hospitals in country would also increase the number of wards and would complement the demand for automated dispensing system in the government hospitals during the forecast period.
Market Analysis by Geography
The Northern region dominated the market of automated medication management systems in 2020 and the same trend is anticipated to continue in the coming years on the account of adoption of robotic dispensing system and robotic process automation in multi-specialty hospitals such as The King Fahad Medical Hospital, Saudi German Hospital and King Faisal Specialist Hospital Research Center. Furthermore, the upcoming healthcare projects in Saudi Arabia which includes medical complex project in Jeddah with 1000 beds and other hospitals construction and refurbishment projects in the Eastern Province has secured it as the second most developed region in terms of healthcare services associated with automated medication management systems.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Saudi Arabia Automated Medication Management System Market Overview
- Saudi Arabia Automated Medication Management System Market Outlook
- Saudi Arabia Automated Medication Management System Market Forecast
- Historical Data and Forecast of Saudi Arabia Automated Medication Management System Market Revenues for the Period 2017-2027F
- Market Drivers
- Market Restraints
- Saudi Arabia automated medication management system market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Player’s Revenue Shares/Ranking
- Market Competitive Benchmarking
- Company Profiles
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By System Types
- 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
- Computerized Physician Order Entry System
- Inventory Management System
- Automated Dispensing System/ Supply Dispensing System
- By Verticals
- Hospitals
- Pharmacies
- Diagnostic Centers
- Logistics & Warehouse
- Others (Dispensaries, clinics, logistics & warehouses)
- By Regions
- Northern
- Southern
- Eastern
- Western
Other Key Reports Available:
- UAE Automated Medication System Market (2017-2027F)
- Turkey Automated Medication System Market (2017-2027F)
Saudi Arabia Automated Medication System Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Saudi Arabia Automated Medication System Market revenue is anticipated to record a CAGR of 8.5% during 2021-27.
Hospital vertical has dominated the overall market revenues in the year 2020.
Computerised Physician Order Entry Systems is expected to record key growth throughout the forecast period 2021-27.
The key players of the market include- General Electric, Becton Dickinson and Company and Cerner Corporation.
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1. Executive Summary |
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2. Introduction |
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2.1. Report Description |
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2.2. Key Highlights of the Report |
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2.3. Market Scope & Segmentation |
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2.4. Research Methodology |
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2.5. Assumptions |
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3. Saudi Arabia Automated Medication Management System Market Overview |
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3.1. Saudi Arabia Automated Medication Management System Market Revenues (2017-2027F) |
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3.2. Saudi Arabia Automated Medication Management System Market-Industry Life Cycle |
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3.3. Saudi Arabia Automated Medication Management System Market-Ecosystem |
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3.4. Saudi Arabia Automated Medication Management System Market-Porter’s Five Forces |
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4. Saudi Arabia Automated Medication Management System Market COVID-19 Impact Analysis |
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5. Saudi Arabia Automated Medication Management System Market Dynamics |
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5.1. Impact Analysis |
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5.2. Market Drivers |
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5.3. Market Restraints |
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6. Saudi Arabia Automated Medication Management System Market Trends & Evolution |
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7. Saudi Arabia Automated Medication Management System Market Overview, By System Types |
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7.1. Saudi Arabia Automated Medication Management System Market Revenue Share, By System Types (2020 & 2027F) |
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7.2. Saudi Arabia Automated Medication Management System Market Revenues, By System Types (2017-2027F) |
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7.2.1. Saudi Arabia Automated Medication Management System Market Revenues, By Computerized Physician Order Entry System (2017-2027F) |
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7.2.2. Saudi Arabia Automated Medication Management System Market Revenues, By Inventory Management System (2017-2027F) |
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7.2.3. Saudi Arabia Automated Medication Management System Market Revenues, By Automated Dispensing System (2017-2027F) |
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7.3. Saudi Arabia Automated Dispensing System Market Revenue Share, By Types (2017 & 2027F) |
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7.3.1. Saudi Arabia Centralized Dispensing System Market Revenues (2017-2027F) |
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7.3.2. Saudi Arabia Decentralized Dispensing System Market Revenue Share (2017 & 2027F) |
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7.4. Saudi Arabia Centralized Dispensing System Market Revenue Share, By Types (2017 & 2027F) |
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7.4.1. Saudi Arabia Centralized Dispensing System Market Revenues, By Robotics (2017-2027F) |
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7.4.2. Saudi Arabia Centralized Dispensing System Market Revenues, By Carousels (2017-2027F) |
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7.5. Saudi Arabia Decentralized Dispensing System Market Revenue Share, By Types (2017 & 2027F) |
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7.5.1. Saudi Arabia Decentralized Dispensing System Market Revenues, By Pharmacy-Based (2017-2027F) |
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7.5.2. Saudi Arabia Decentralized Dispensing System Market Revenues, By Ward-Based (2017-2027F) |
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7.5.3. Saudi Arabia Decentralized Dispensing System Market Revenues, By Unit-Based (2017-2027F) |
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8. Saudi Arabia Automated Medication Management System Market Overview, By Verticals |
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8.1. Saudi Arabia Automated Medication Management System Market Revenue Share, By Verticals (2020 & 2027F) |
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8.2. Saudi Arabia Automated Medication Management System Market Revenues, By Verticals (2020 -2027F) |
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8.2.1. Saudi Arabia Automated Medication Management System Market Revenues, By Hospitals (2017-2027F) |
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8.2.2. Saudi Arabia Automated Medication Management System Market Revenues, By Pharmacies (2017-2027F) |
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8.2.3. Saudi Arabia Automated Medication Management System Market Revenues, By Diagnostic Centers ( 2017-2027F) |
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8.2.4. Saudi Arabia Automated Medication Management System Market Revenues, By Other Verticals (2017-2027F) |
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9. Saudi Arabia Automated Medication Management System Market Overview, By Regions |
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9.1. Saudi Arabia Automated Medication Management System Market Revenue Share, By Regions (2020 & 2027F) |
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9.2. Saudi Arabia Automated Medication Management System Market Revenues, By Regions (2020 -2027F) |
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9.2.1. Saudi Arabia Automated Medication Management System Market Revenues, By Northern Region (2017-2027F) |
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9.2.2. Saudi Arabia Automated Medication Management System Market Revenues, By Southern Region (2017-2027F) |
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9.2.3. Saudi Arabia Automated Medication Management System Market Revenues, By Eastern Region (2017-2027F) |
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9.2.4. Saudi Arabia Automated Medication Management System Market Revenues, By Western Region (2017-2027F) |
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10. Saudi Arabia Automated Medication Management System Market- Government Initiatives |
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11. Saudi Arabia Automated Medication Management System Market Key Performance Indicators |
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12. Saudi Arabia Automated Medication Management System Market Opportunity Assessment |
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12.1. Saudi Arabia Automated Medication Management System Market Opportunity Assessment, By System Types (2027F) |
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12.2. Saudi Arabia Automated Medication Management System Market Opportunity Assessment, By Verticals (2027F) |
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12.3. Saudi Arabia Automated Medication Management System Market Opportunity Assessment, By Regions (2027F) |
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13. Saudi Arabia Automated Medication Management System Market Competitive Landscape |
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13.1. Saudi Arabia Automated Medication Management System Market Revenue Share, By Companies (2020) |
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13.2. Saudi Arabia Automated Medication Management System Market Competitive Benchmarking, By Technical Parameters |
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14. Company Profiles |
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14.1. ARxIUM |
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14.2. Becton, Dickinson and Company |
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14.3. Cerner Corporation |
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14.4. General Electric Company |
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14.5. GPI S.p.A. |
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14.6. Grupo Bidco Palex |
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14.7. JVM Co Ltd. |
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14.8. McKesson Corporation |
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14.9. ScriptPro LLC |
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14.10. Talyst Systems LLC |
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15. Key Strategic Recommendation |
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16. Disclaimer |
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LIST OF FIGURES |
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1. Saudi Arabia Automated Medication Management System Market Revenues, 2017-2027F ($ Million) |
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2. Budget Appropriations to Ministry of Health in Relation to Government Budget, 2016-2020 |
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3. Saudi Arabia Medication Error Events Classification, 2021 |
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4. Saudi Arabia Automated Medication Management System Market Revenue Share, By System Types, 2020 & 2027F |
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5. Saudi Arabia Automated Dispensing System Market Revenue Share, By Types, 2020 & 2027F |
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6. Saudi Arabia Automated Centralized System Market Revenue Share, By Types, 2020 & 2027F |
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7. Saudi Arabia Automated Decentralized Dispensing System Market Revenue Share, By Types, 2020 & 2027F |
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8. Saudi Arabia Automated Medication Management System Market Revenue Share, By Verticals, 2020 & 2027F |
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9. Saudi Arabia Hospital Automated Medication Management System Market Revenues, 2017-2027F ($ Million) |
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10. Saudi Arabia Pharmacies Automated Medication Management System Market Revenues, 2017-2027F ($ Million) |
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11. Saudi Arabia Diagnostic Centre Automated Medication Management System Market Revenues, 2017-2027F ($ Million) |
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12. Saudi Arabia Others Automated Medication Management System Market Revenues, 2017-2027F ($ Million) |
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13. Saudi Arabia Automated Medication Management System Market Revenue Share, By Regions, 2020 & 2027F |
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14. Saudi Vision 2030 and National Transformation Programme (NTP) – Opportunities For Foreign Investors |
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15. Total Number of Hospitals in Saudi Arabia, 2016-2020 |
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16. Total Number of MoH Hospitals in Saudi Arabia, 2016-2020 |
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LIST OF TABLE |
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1. Saudi Arabia Medical Complexes Projects (Ongoing) |
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2. Saudi Arabia Automated Medication Management System Market Revenues, By System Types, 2020 & 2027F |
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3. Saudi Arabia Automated Dispensing System Revenues, By Type, 2017-2027F ($ Million) |
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4. Saudi Arabia Automated Centralized Dispensing System Revenues, By Type, 2017-2027F ($ Million) |
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5. Saudi Arabia Automated Decentralized Dispensing System Market Revenues, By Type, 2017-2027F ($ Million) |
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6. Saudi Arabia Automated Medication Management System Market Revenues, By Regions, 2020 & 2027F |
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7. Saudi Arabia Ministry of Health Strategic Objective, 2020- 2030 |
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8. Number of Visits to Various Health Sectors, 2016-2020 |
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9. Number of Health Manpower in Saudi Arabia, 2016-2020 |
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