Kenya Pharmacy Automation Device Market Analysis

Kenya Pharmacy Automation Device Market Analysis


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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

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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

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 08 July 2024
Updated by: Jay Dalwadi

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