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Talyst

talyst.com

Founded Year

2002

Stage

Acquired | Acquired

Total Raised

$67.5M

About Talyst

Talyst provides enterprise-wide medication management across entire health systems to offer greater inventory control, enhanced workflow efficiency, and improved patient safety.

Headquarters Location

11335 NE 122nd Way Suite 200

Kirkland, Washington, 98034,

United States

425-289-5400

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Expert Collections containing Talyst

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Talyst is included in 3 Expert Collections, including Digital Health.

D

Digital Health

21,957 items

Startups recreating how healthcare is delivered

P

Pharma Supply Chain

1,258 items

H

Health IT

2,337 items

This collection includes public and private companies, as well as startups, that market software solutions to healthcare provider organizations.

Talyst Patents

Talyst has filed 11 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/16/2011

2/18/2014

Electronic design automation, Electronic design, Caregiving, Rebreathers, Electronic engineering

Grant

Application Date

11/16/2011

Grant Date

2/18/2014

Title

Related Topics

Electronic design automation, Electronic design, Caregiving, Rebreathers, Electronic engineering

Status

Grant

Latest Talyst News

The Pharmacy Automation Devices Market Will Be Driven By A Rise In The Number Of Physicians Using Automated Dispensing Machines As Per The Business Research Company's Pharmacy Automation Devices Global Market Report 2023

Jan 19, 2023

Hyderabad, INDIA LONDON, Jan. 19, 2023 (GLOBE NEWSWIRE) -- The Business Research Company’s research on the pharmacy automation devices market forecasts the rise in medicine wastage to propel the growth of the pharmacy automation devices market going forward. Automated dispensing machines enable physicians to treat critically ill patients more efficiently by offering convenient access to medications for emergencies during and after pharmacy hours without producing any medicine wastage. Therefore, pharmacies are adopting automated devices to reduce their waste, which increases demand for the market. For instance, in October 2021, according to the report published by the National Library of Medicine, a US-based library of medicine, pharmaceutical supplies were the most wasteful class of medications, accounting for 37.1% of total waste. The highest class of pharmaceutical dosage form was tablet and injection, with overall wastage rates of 20.78% and 16.49%, respectively. The overall pharmaceutical wastage rate was 3.68%, amounting to USD 159,762.66 and the main cause of wastage (92.05%) was expiry. The rate of pharmaceutical waste in health centers was nearly twice that of hospitals. Therefore, the rising medicine wastage is driving the pharmacy automation devices market growth. The global pharmacy automation devices market size is expected to grow from $4.96 billion in 2022 to $5.52 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmacy automation devices market share is expected to reach $8.24 billion in 2027 at a CAGR of 10.6%. Learn More In-Depth On The Pharmacy Automation Devices Market – https://www.thebusinessresearchcompany.com/report/pharmacy-automation-devices-global-market-report Product innovation is the key trend gaining popularity in the pharmacy automation devices market. Major companies operating in the pharmacy automation devices market are focused on developing new and innovative solutions to meet customer demand. For instance, in August 2021, Innovative Associates, a US-based software-enabled pharmacy automation devices firm, launched smartPod and iA Therapy Management Solutions to Diminish Prescription Filling Process Inefficiencies. SmartPod is an iA next-generation robot that provides revolutionary scale in a central fill pharmacy setting. SmartPod is an innovative autofill device with built-in modularity that enables pharmacy providers to change and scale their centralized fulfillment solutions to match demand. iA provides a treatment management solution for pharmacy providers looking for alternatives to the traditional bottle or vial dispensing methods using the BD RowaTM Pouch Packaging Solution. Using iA's intelligent pharmacy operations software Innovative Associates aims to design a patient's prescriptions in easy-to-open adherence pouch packs. This service can be centralized in a single fulfillment location. Major players in the pharmacy automation devices market are Omnicell Inc., McKesson Co., Baxter International Inc., ScriptPro LLC, Becton Dickinson & Company, Cerner Corporation, ARxIUM, Capsa Healthcare, Script Pro, Deenova S.R.L., Swisslog Healthcare, RxSafe LLC, Yuyama Co., Ltd., Accu Chart Plus Healthcare Systems Inc., Amerisource Bergen Corp., Talyst LLC, Medacist Solutions Group, Kirby Lester, TouchPoint Medical, Kuka AG (Swisslog Healthcare), Danaher Corporation, and Lonza Group. Get A Free Sample Of The Global Pharmacy Automation Devices Market Report – https://www.thebusinessresearchcompany.com/sample.aspx?id=7894&type=smp North America was the largest region in the pharmacy automation devices market in 2022. The regions covered in the pharmacy automation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The global pharmacy automation devices market is segmented by product into medication dispensing systems, packaging and labeling systems, storage and retrieval systems, automated medication compounding systems, tabletop tablet counters; by end-user into retail pharmacy, inpatient pharmacies, outpatient pharmacies, pharmacy benefit management organizations and mail-order pharmacies Pharmacy Automation Devices Market Global Report 2023 by The Business Research Company provides insights on the pharmacy automation devices market size, pharmacy automation devices market segments, pharmacy automation devices market trends, drivers and restraints, major competitors’ market positioning, revenues and market shares. The Business Research Company has published over 3,000+ industry reports, covering more than 2,500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. Check Out Similar Market Intelligence Reports By The Business Research Company:

Talyst Frequently Asked Questions (FAQ)

  • When was Talyst founded?

    Talyst was founded in 2002.

  • Where is Talyst's headquarters?

    Talyst's headquarters is located at 11335 NE 122nd Way, Kirkland.

  • What is Talyst's latest funding round?

    Talyst's latest funding round is Acquired.

  • How much did Talyst raise?

    Talyst raised a total of $67.5M.

  • Who are the investors of Talyst?

    Investors of Talyst include Swisslog, ORIX Growth Capital, OVP Venture Partners, AIG Investments and Ignition Partners.

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