Comprehensive Report on Middle East And Africa Pharmacy Automation Market by Knowledge Sourcing Intelligence


INTRODUCTION 
The Middle East and Africa Pharmacy Automation market is projected to grow at a CAGR of 7.20% during the forecast period to reach a total market size of US$0.165 billion in 2022 from US$0.109 billion in 2016. Increasing healthcare expenditure is driving the demand for pharmacy automation in the region in order to provide improved service to a large patient base. For instance, the UAE government invested in the private health sector and formed two semi-centralized health authorities- Health of Abu Dhabi (HAAD) and Dubai Health Authority (DHA)- solely controlled by MOH (Ministry of Health) in terms of licensing and controlling healthcare organizations and institutions and its professional practitioners. 
All these factors are propelling the growth of the pharmacy automation market in the region significantly. Market Research is done by the knowledge sourcing industry due to the huge scope with the respective industry.



middle east and africa pharmacy automation market
Sample view of middle east and africa pharmacy automation market share

BARGAINING POWER OF SUPPLIERS 
The Middle East and Africa pharmacy automation market is a consolidated one that involves the top few players accounting for the major market share. Because of intense competition among pharmacy automation solution providers, switching costs from one supplier to another is low. The substitute for pharmacy automation is pharmacists. The companies are using robotics solutions in order to eliminate human errors and improve productivity. Established players are focusing on strategic moves such as product launch, acquiring other companies, and getting into partnerships and agreements to increase their distribution channels for automation solutions. Omnicell has implemented its robotic dispensing systems in Rashid and Dubai hospitals so as to reduce the long waiting period for the receiving of medicines and thus increase patient satisfaction.

MIDDLE EAST AND AFRICA (MEA) PHARMACY AUTOMATION MARKET BY COUNTRY
The Middle East and Africa (MEA) pharmacy automation market are further segmented by countries like the UAE, Israel, Saudi Arabia, and others. UAE and Saudi Arabia Pharmacy Automation markets will witness a significant growth owing to a rising aging population and high demand for quality healthcare services and solutions. Rising number of foreign patients entering these countries owing to lower yet quality healthcare costs as compared to that in the U.S. and/or Europe further bolsters the demand for pharmacy automation solutions in the region. High investment in R&D to develop innovative robot systems for dispensing medicines will propel the growth of the country’s pharmacy automation market during the forecast period.          


middle east and africa pharmacy automation market
Sample view of middle east and africa pharmacy automation market share

UAE 
UAE Pharmacy automation market is projected to witness a CAGR of XX% during the forecast period, reaching a total market size of US$XX.XX billion in 2022 from US$XX.XX billion in 2016. The country is currently experiencing a rise in geriatric population and incidences of chronic diseases. This has led to a rapid increase in the demand for quality healthcare solutions and services in UAE owing to rising purchasing power. According to the World Bank Data, the percentage of the total population aged 65 and above in the UAE rose from 0.811% in 2011 to 1.084% in 2016. The UAE government is also investing heavily in R&D and innovative healthcare solutions and services in order to provide advanced healthcare solutions to patients while reducing human errors in dispensing medicine and waiting time. 
In January 2017, the UAE launched its first robot pharmacy at Rashid Hospital which involves robots dispensing prescribed medication to patients. In August 2017, the Dubai Health Authority (DHA) inaugurated the first-of-its-kind smart pharmacy with a robot for dispensing and prescribing medication in Dubai hospital. The booming medical tourism industry in the UAE will continue to boost the demand for pharmacy automation in the country. According to DHA, Dubai generated over Dh1.4 billion in 2016 from this sector with a 9.5% growth in the number of foreign patients over the previous year. 

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