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Market Introduction

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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Market Overview and Dynamics

The Europeautomated compounding systemsmarket is expected to reach US$ 182.88million by2027 from US$ 111.28 million in 2019. The market is anticipated to grow with a CAGR of 6.6 % from 2019 to 2027. Growing adoption of chemotherapy and personalized medication and rising need to minimize medication errorsare 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.

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Key Market Segments

In terms of product type, the gravimetric automated compounding systemsis expected to hold the largest share of the automated compounding systemsmarket by 2027. In terms of the endusers, in 2019, the hospital segment held the most significant market share of the automated compounding systemsmarket.

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Major Sources and Companies Listed

Some of the major primary and secondary sources forautomated compounding systemsmarket included in the report are Food and Drug Administration(FDA), World Health Organization (WHO), European Association of Hospital Pharmacists (EAHP), and others.

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