According to IMARC Group’s latest report, titled “Pharmacy Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global pharmacy automation market reached a value of US$ 5.4 Billion in 2021. Looking forward, IMARC Group expects the pharmacy automation market to reach US$ 8.6 Billion by 2027, exhibiting a CAGR of 8.24% during 2022-2027.
A pharmacy automation system enables mechanical management and distribution of medications. The system helps in reducing human intervention and systematizing routine tasks, such as medicine counting, updating the customer database and inventory, mixing liquids and powders, and database management. It eliminates the chances of errors during dispensing and packaging pharmaceutical products. The system also ensures maximum efficiency, keeps track of narcotics and other controlled drugs, and monitors usage patterns.
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Pharmacy Automation Market Trends:
The decentralization of pharmacies and increasing usage of pharmacy automation systems due to various associated advantages over manual medication dispensing are prime factors driving the market growth. The market is also driven by the rising focus on reducing medication errors, rapid improvement in the healthcare infrastructure, especially in emerging economies, and the increasing geriatric population. The rising prevalence of chronic diseases, the initiatives undertaken by the governments of several nations to make quality healthcare easily accessible, and the growing use of robots for dispensing prescriptions and maximizing medical storage are other factors creating a positive outlook for the market.
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined with some of the key players:
- Baxter International Inc.
- Becton Dickinson and Company
- Capsa Healthcare
- Cerner Corp.
- Kirby Lester LLC
- KUKA AG
- McKesson Corporation
- Omnicell Technologies
- RxSafe LLC
- Scriptpro LLC
- Swisslog Holding AG
- Takazono Corp.
- Talyst LLC
- TCGRx Pharmacy Workflow Solutions
- Yuyama Co. Ltd.
Key Market Segmentation:
The report has categorized the market based on product type, application and end-user.
Breakup by Product Type:
- Automated Medication Dispensing Systems
- Automated Storage Retrieval Systems
- Automated Packaging Labeling Systems
- Tabletop Tablet Counters
Breakup by Application:
- Drug Dispensing and Packaging
- Drug Storage
- Inventory Management
Breakup by End-User:
- Hospital Pharmacies
- Retail Pharmacies
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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