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Medicine shops are also called as pharmacies. Pharmacy is the science as well as technique of preparing and dispensing medicines and drugs. It links health sciences with chemical sciences which aims to make sure the safe and effective use of pharmaceutical drugs. Pharmacy practice includes roles like compounding and dispensing medicines, as well as modern services related to health care consists of clinical services, Pharmacy practice includes roles like compounding and dispensing medicines, as well as modern services related to health care consists of clinical services, reviewing of medications for the safety and efficacy of the drug and providing drug information. Therefore, Pharmacists are experts on drug therapy and a health professional who optimizes the usage of medication for the benefit of the patients. The establishment where pharmacy is practiced is called a drug store or pharmacy or chemists.
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Scope and Importance
In the coming decades, pharmacists are expected to become more integral within the health care system. Rather than simply dispensing medication, pharmacists are increasingly expected to be compensated for their patient care skills. In particular, Medication Therapy Management (MTM) includes the clinical services that pharmacists can provide for their patients. Such services include the thorough analysis of all medication (prescription, non-prescription, and herbals) currently being taken by an individual. The result is a reconciliation of medication and patient education resulting in increased patient health outcomes and decreased costs to the health care system.
This shift has already commenced in some countries; for instance, pharmacists in Australia receive remuneration from the Australian Government for conducting comprehensive Home Medicines Reviews. In Canada, pharmacists in certain provinces have limited prescribing rights (as in Alberta and British Columbia) or are remunerated by their provincial government for expanded services such as medications reviews (Medschecks in Ontario). In the United Kingdom, pharmacists who undertake additional training are obtaining prescribing rights and this is because of pharmacy education. They are also being paid for by the government for medicine use reviews. In the United States, pharmaceutical care or clinical pharmacy has had an evolving influence on the practice of pharmacy. Moreover, the Doctor of Pharmacy (Pharm. D.) degree is now required before entering practice and some pharmacists now complete one or two years of residency or fellowship training following graduation. In addition, consultant pharmacists, who traditionally operated primarily in nursing homes are now expanding into direct consultation with patients, under the banner of "senior care pharmacy."
The pharmacy automation systems market is expected to grow to $7.8 billion by 2018, having been valued at 4.7 billion globally in 2011, according to a market report published March 20, 2013, by Transparency Market Research. The report is designed to analyze the dynamics and potential within the global pharmacy automation market. It investigates recent developments, drivers, restraints, current trends, and outlook for use of automation technology. Report topics include types of technology, automated dispensing systems, automated packaging and labeling, storage and retrieval systems, automated compounding systems, table-top counters, end users, hospital pharmacies, retail pharmacies, geography, and use with global regions. Automated medication dispensing systems held the largest share of the global automation system market at 48.9% and was valued at $2.3 billion, a release from Transparency Market Research stated. Transparency’s research anticipates that segment reaching $3.6 billion by 2018, at a compound annual growth rate of 6.7% from 2012 to 2018.
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This page was last updated on 12th Sep, 2015
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