Kenya Pharmacy Automation Device Market Report 2023 to 2030

Kenya Pharmacy Automation Device Market Analysis

$ 3999

The Kenya Pharmacy Automation Device Market was valued at $3.9 Mn in 2023 and is predicted to grow at a CAGR of 11% from 2023 to 2030, to $8 Mn by 2030. Kenya Pharmacy Automation Device Market is growing due to Growing Need to Minimize Medication Errors, Rising Demand for Pharmaceuticals, Government Initiatives, and Investments. The market is primarily dominated by players such as Becton Dickinson and Co, Capsa Solutions LLC, Omnicell Inc, Oracle Corp, Veradigm LLC, Swisslog Healthcare AG, McKesson Corporation; and Pearson Medical Technologies.

ID: IN10KEMD014 CATEGORY: Medical Devices GEOGRAPHY: Kenya AUTHOR: Najib Shaikh

Buy Now

Kenya Pharmacy Automation Device Market Executive Summary

Kenya Pharmacy Automation Device Market is at around $3.9 Mn in 2023 and is projected to reach $8 Mn in 2030, exhibiting a CAGR of 11% during the forecast period.

Pharmacy automation systems allow for the electronic delivery, packaging, counting, and sorting of prescription medications. Pharmacy automation systems offer several benefits, including increased production, accuracy, and lower labour costs. Without having to manually enter patient prescriptions, chemists can utilize the dispensing equipment to track and synchronize them. Pharmacies face a significant risk when it comes to pharmaceutical dispensing because of the possibility of numerous errors and contamination. Pharmacy automation equipment has several advantages for pharmacy administration, such as improved inventory control, better space savings, more drug security, and quicker and more accurate processing.

In Kenya, the adoption of pharmacy automation devices is still in the early stages but is gradually increasing as healthcare facilities seek to improve efficiency and accuracy. The adoption rate is estimated to be around 20-30% in major urban hospitals and clinics. These devices can increase efficiency by up to 50% and reduce medication errors by approximately 60-70%, according to various studies and pilot programs. Several companies and startups are involved in this sector in Kenya. Notable players include Phillips Healthcare Technologies and local startups like Ilara Health, which focuses on providing affordable diagnostic and automation solutions to pharmacies and clinics. The growing interest in healthcare innovation is driving further investment and adoption of these technologies in the Kenyan healthcare system. The market, therefore, is driven by significant factors like Growing Need to Minimize Medication Errors, Rising Demand for Pharmaceuticals, Government Initiatives, and Investments. However, Lack of Standardization, High Initial Cost, Complexity, and Integration Issues restrict the growth and potential of the market.

ScriptPro MedStation, a brand-new medication management system, was launched by ScriptPro LLC, a provider of pharmacy automation solutions.

Kenya Pharmacy Automation Device Market Report 2023 to 2030

Market Dynamics

Market Growth Drivers

Minimize Medication Errors: These devices can increase efficiency by up to 50% and reduce medication errors by approximately 60-70%, according to various studies and pilot programs. Many factors, including insufficient order coordination between the physician and pharmacist, inappropriate pharmacy storage procedures, and misinterpretations stemming from the usage of identical labels, can lead to drug errors. Any irregularities or departures from the prescription order are referred to as dispensing errors. Examples of these include administering the medication, dose, or quantity incorrectly, as well as providing insufficient, inaccurate, or inappropriate labeling. Medication errors can also include incorrect preparation, packaging, or storage of the medication prior to delivery, as well as inadequate or misleading usage instructions.

Rising Demand for Pharmaceuticals: Over 30% have embraced robotic automation systems. These high-tech marvels combine robotics, smart software (powered by AI), and the Internet of Things (IoT) to streamline operations and ensure medication accuracy. This translates to several advantages for pharmacies: a sharper competitive edge, smoother compliance with regulations, and the ability to deliver the high-quality, safe healthcare patients now expect.

Government Initiatives and Investments: The Kenyan government has been actively investing in healthcare reforms and infrastructure, aiming to achieve universal health coverage. These initiatives include modernizing pharmacies and integrating advanced technologies to enhance service delivery. Pharmacy automation aligns with these goals by ensuring efficient medication management, reducing errors, and supporting the digital health strategy.

Market Restraints

Lack of Standardization: lack of common rules (protocols) and communication methods (standards) between different automation systems. This makes it tough to expand or link these systems together, causing compatibility headaches and integration challenges for pharmacies. Without standardized processes, it's also difficult to develop a complete automation plan and pharmacies can't fully unlock the potential of these technologies.

High Initial Cost: The cost to set up these systems might range from $400,000 to $900,000. This is a costly item for small and medium-sized pharmacies who have tight finances. In addition, there are continuous expenses for upkeep and improvements. This hefty upfront cost may act as a significant deterrent, preventing automation technology from spreading as quickly. The expense of automation may be prohibitive in areas with limited financial resources or healthcare budgets, which would further restrict its uptake.

Complexity and Integration Issues: Integrating pharmacy automation systems with existing pharmacy management systems and electronic health records (EHRs) can be complex and time-consuming. This complexity arises from the need to ensure compatibility and seamless data exchange between different systems. Many pharmacies may lack the technical expertise required for such integrations, leading to potential disruptions in daily operations. Furthermore, the fear of system failures or operational downtime during the integration process can make pharmacies hesitant to adopt automation technologies. The challenge of managing and maintaining these integrated systems adds to the operational complexity, potentially hindering widespread implementation.

Regulatory Landscape

The regulatory landscape for the pharmacy automation device market in Kenya is evolving, influenced by the country's efforts to modernize its healthcare system. The Pharmacy and Poisons Board (PPB), under the Ministry of Health, is the primary regulatory authority overseeing the approval, regulation, and monitoring of pharmaceutical products and devices. Recent regulatory reforms aim to streamline approval processes, ensuring that automation technologies meet stringent safety and efficacy standards. Additionally, the Kenya Bureau of Standards (KEBS) plays a role in setting quality benchmarks for these devices. Market entry is also subject to compliance with local and international standards, reflecting Kenya's commitment to integrating advanced technology into its healthcare infrastructure to enhance efficiency and patient safety.

Competitive Landscape

Key Players

Here are some of the major key players in Kenya Pharmacy Automation Device Market:

Amerisource Bergen Corporation
Accu-Chart Plus Healthcare Systems, Inc.
Omnicell, Inc.
McKesson Corporation
Pearson Medical Technologies
Baxter
Talyst, LLC
Scriptpro LLC
Becton Dickinson and Company
Fulcrum Pharmacy Management, Inc.
Medacist Solutions Group, LLC
Aesynt, Inc
Capsa Healthcare
Cerner Oracle
ARxIUM
Touchpoint Medical
Swisslog Healthcare

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Kenya Pharmacy Automation Device Market Segmentation

Based on Pharmacy Type

Independent
Chain
Federal

Based on Pharmacy Size

Large Size Pharmacy
Medium Size Pharmacy
Small Size Pharmacy

Based on Application

Drug Dispensing and Packaging
Drug Storage
Inventory Management

Based on End-user

Retail Pharmacy
Inpatient Pharmacies
Outpatient Pharmacies
Online Pharmacy

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.