Pharmacy Automation Market – Increased Need to Reduce Pharmaceutical Errors is Expected to Lead to Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 7.4% from 2022 to 2028

Pharmacy Automation
  • Pharmacy Automation Market

As stated in our extensive report; providing insights on Key Drivers, Key Restraints, and Segments (i.e.,Product, End-Users,and Region); the Global Pharmacy Automation Market accounted for USD 5,192.5 Million in the year 2021.

The electronic process of distributing, sorting, packaging, and counting prescription drugs is referred to as Pharmacy Automation. Automation in the pharmacy serves a variety of reasons, including increasing efficiency, lowering labor costs, and enhancing accuracy. Pill counting was one of the only methods available when Pharmacy Automation initially became widespread. Much more automation equipment is now available, including those for dispensing medications, synchronizing records, and ensuring regulatory compliance. The COVID-19 epidemic has fueled the growth of the Global Pharmacy Automation Market. For example, an increase in patients all over the world resulted in an immediate need for pharmaceuticals all over the world. Furthermore, the market for Pharmacy Automation systems grew in tandem with the rise in medicine consumption.

The increase in the need to reduce pharmaceutical errors, the rising geriatric population, and an increase in labor costs are projected to drive the Pharmacy Automation industry. Furthermore, improvements in healthcare infrastructure in developing countries are likely to open up different opportunities for market expansion. High capital expenditure and strict informal norms, on the other hand, are substantial roadblocks to market expansion. Additionally, healthcare organizations’ reluctance to implement Pharmacy Automation systems is projected to limit overall market growth to some level throughout the projection period.

held the largest share in 2021. This is owing to the increasing technological developments in drug administration in hospitals and pharmacies in the region. Furthermore, the presence of major players along with an increase in government investments in technology and infrastructure are likely to support the growth of the market in the region. Additionally, stringent regulations on patient safety are also anticipated to augment the regional growth of theGlobal Pharmacy AutomationMarketin the years to come.

Some of the key players in the Global Pharmacy AutomationMarketinclude-Becton Dickinson and Company (US), Omnicell Inc. (US), KUKA AG (Swisslog Healthcare) (Germany), Baxter International Inc. (US), Capsa Healthcare (US), Cerner Corporation (US), Yuyama Co. Ltd. (Japan), ARxIUM Inc. (US), Parata Systems LLC (US), RxSafe LLC (US), ScriptPro LLC (US), Pearson Medical Technologies LLC (US), Medical Packaging Inc. LLC (US), Tension Corporation (US), Noritsu Pharmacy Automation (US), Euclid Medical Products (US), TouchPoint Medical Solutions (US), Meditech Pharmacy Management Solutions (Belgium), Innovation Associates (US), McKesson Corporation (US), Willach Group (Group), Stäubli International (Switzerland), MedAvail (Canada), Pharmacy Automation System (US), Deenova SRL (Italy), and others.