Pharmacy Automation Market Size, Share Trends, Demand, Application, Type and Growth by 2029

Pharmacy Automation Market research document has been prepared with the systematic gathering and evaluation of market information for Healthcare industry which is presented in a form that explains various facts and figures to the business. Such reliable business report saves valuable time as well as adds credibility to the work that is performed to grow business. This excellent report has been planned with full commitment and transparency in research and analysis. With the systematic insights of this report, companies can self-assuredly take decisions about the production and marketing strategies. An influential Pharmacy Automation Market report provides the same by studying the market and the Healthcare industry with respect to numerous aspects.

Pharmacy automation market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.1% in the forecast period of 2022 to 2029 and is expected to reach USD 7,818.66 million by 2029 from USD 4,290.36 million in 2019.

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Pharmacy automation is gaining traction as it enables the smooth operation of numerous tasks in pharmacies and the healthcare industry. The introduction of automation has resulted in a reduction in the number of errors in medication administration, thereby ensuring patient safety. Because of their accuracy and timely dispensing of medications to patients seeking treatment, products such as automated medication dispensing systems are likely to be popular. These systems have greatly reduced the possibility of human error when prescribing dosages and medications.

The automation of common tasks and processes performed in a pharmacy or other healthcare settings is referred to as pharmacy automation. The mechanical process of any pharmacy task, such as counting small objects, measuring and mixing powders and liquids for compounding, and tracking and updating customer information in databases, is referred to as pharmacy automation.

Some of the major players operating in the pharmacy automation market are:
• Talyst, LLC. (US)
• ARxIUM (US)
• OMNICELL, INC. (US)
• Cerner Corporation (US)
• Capsa Healthcare (US)
• Parata Systems, LLC (US)
• RxSafe, LLC. (US)
• RxMedic Systems, Inc. (US)
• MedAvail Technologies, Inc. (Canada)
• Asteres Inc. (US)
• PerceptiMed, Inc. (US)
• BD (US)
• Baxter (US)
• Fullscript (Canada)
• McKesson Corporation (US)
• AmerisourceBergen Corporation (US)
• vitabook GmbH (Germany)
• UNIVERSAL LOGISTICS HOLDINGS, INC., TOSHO co. (Japan)
• Gebr. Willach GmbH (Germany)
• Global Healthcare Exchange, LLC. (US)
• BIQHS (Portugal)
• Grifols, S.A. (Spain)

Pharmacy Automation Market Dynamics
Drivers
• Rise in the demand to minimize medication errors
Medication and dispensing errors are widely acknowledged as leading causes of hospital readmissions around the world. A medication error can occur due to a number of factors, including poor order communication between the physician and pharmacist, unsafe pharmacy storage practises, and confusion caused by the use of similar labels which as a result will accelerate the market growth.
• Technological developments
The introduction of technological advancements and the development of automated systems with improved pharmacy automation systems results in a higher success rate and newer applications of the device with a higher demand for innovative products to compound, dispense, store, and label prescription medications, propelling the growth of the pharmacy automations market.
• Increase in the geriatric population
There has been an increase in the global geriatric population. As a result, the prevalence of chronic and life-threatening diseases is increasing, as is the distribution of medications is further anticipated to propel the growth of the market.
Opportunities
In addition, the growing awareness amongst pharmacists is further estimated to provide potential opportunities for the growth of the pharmacy automation market in the coming years.
Restraints/Challenges
On the other hand, the lack in adopting pharmacy automation systems is further projected to impede the growth of the pharmacy automation market in the targeted period. However, the strict regulatory procedures might further challenge the growth of the pharmacy automation market in the near future.

This pharmacy automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pharmacy automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Destinations of This report:
- To increase bits of knowledge about the major provincial experiences in which the is prospering.
- To accomplish delineations and gauge the market, as far as worth, by process, item type, and industry.
- To strategically diagram the central parts and exhaustively dissect their market position as far as positioning and center capabilities, and detail the cutthroat scene for market pioneers.
- To portray and estimate the market, as far as worth, for different fragments, by area North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
- To bless with nitty gritty data about the central point (drivers, limitations, openings, and difficulties) that controls the market development.
LIST OF TABLES

TABLE 1 GLOBAL PHARMACY AUTOMATION MARKET, TOTAL ADDRESSABLE MARKET (TAM), (USD MILLION)

TABLE 2 GLOBAL PHARMACY AUTOMATION MARKET, SERVICEABLE AVAILABLE MARKET (SAM), (USD MILLION)

TABLE 3 GLOBAL PHARMACY AUTOMATION MARKET, SERVICEABLE OBTAINABLE MARKET (SOM), (USD MILLION)

TABLE 4 GENERAL AND MEDICAL INFLATION RATES FOR SELECTED COUNTRIES

TABLE 5 GLOBAL PHARMACY AUTOMATION MARKET, BY PRODUCT, 2018-2027 (USD MILLION)

TABLE 6 GLOBAL SYSTEMS IN PHARMACY AUTOMATION MARKET, BY REGION, 2018-2027 (USD MILLION)

TABLE 7 GLOBAL SYSTEMS IN PHARMACY AUTOMATION MARKET, BY PRODUCT, 2018-2027 (USD MILLION)

TABLE 8 GLOBAL PHARMACY AUTOMATION MARKET, BY PRODUCT , 2018-2027 (UNITS)

TABLE 9 GLOBAL AUTOMATED MEDICATION DISPENSING SYSTEMS IN PHARMACY AUTOMATION MARKET, BY PRODUCT, 2018-2027 (USD MILLION)

TABLE 10 GLOBAL CENTRALIZED IN PHARMACY AUTOMATION MARKET, BY PRODUCT, 2018-2027 (USD MILLION)

TABLE 11 GLOBAL ROBOTS/ROBOTIC AUTOMATED DISPENSING SYSTEMS IN PHARMACY AUTOMATION MARKET, BY PRODUCT, 2018-2027 (USD MILLION)

TABLE 12 GLOBAL DECENTRALIZED IN PHARMACY AUTOMATION MARKET, BY PRODUCT, 2018-2027 (USD MILLION)

TABLE 13 GLOBAL AUTOMATED PACKAGING AND LABELING SYSTEMS (BY DOSE) IN PHARMACY AUTOMATION MARKET, BY PRODUCT, 2018-2027 (USD MILLION)

TABLE 14 GLOBAL AUTOMATED PACKAGING AND LABELING SYSTEMS (BY APPLICATION) IN PHARMACY AUTOMATION MARKET, BY PRODUCT, 2018-2027 (USD MILLION)

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Covid-19 Impact on Pharmacy Automation Market
The pandemic of COVID-19 has had a huge impact on the pharmacy automation market. With the global infection rate increasing, the global market for central fill pharmacy automation systems and services has grown significantly. Rising government support as a result of individual pharmacies' problems and expanding medication delivery demand paved the way for increased product penetration.

Recent Development
• In January 2021, GeniusRx, a digital pharmacy leader, announced a partnership with McKesson to automate its dispensing process while expanding its drug offerings and lowering consumer costs through the latter's Central Fill as a ServiceTM (CFaaS®).

Global Pharmacy Automation Market Scope and Market Size
The pharmacy automation market is segmented on the basis of product, pharmacy type, pharmacy size, application, end user and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product
• Systems
• Software
• Services
On the basis of product, the pharmacy automation market is segmented into systems, software and services.

Pharmacy Type
• Independent
• Chain
• Federal
On the basis pharmacy type, the pharmacy automation market is segmented into independent, chain and federal.

Pharmacy Size
• Large Size Pharmacy
• Medium Size Pharmacy
• Small Size Pharmacy
On the basis pharmacy size, the pharmacy automation market is segmented into large size pharmacy, medium size pharmacy and small size pharmacy.

Application
• Drug Dispensing and Packaging
• Drug Storage
• Inventory Management
On the basis application, the pharmacy automation market is segmented into drug dispensing and packaging, drug storage and inventory management.

End user
• Inpatient Pharmacies
• Outpatient Pharmacies
• Retail Pharmacies
• Online Pharmacies
• Central Fill/Mail Order Pharmacies
• Pharmacy Benefit Management Organizations
• Others
On the basis of end user, the pharmacy automation market is segmented into inpatient pharmacies, outpatient pharmacies, retail pharmacies, online pharmacies, central fill/mail order pharmacies, pharmacy benefit management organizations and others.

Distribution Channel
• Direct Tender
• Third Party Distributor
On the basis of distribution channel, the pharmacy automation market is segmented into direct tender and third party distributor.

Table of Contents Pharmacy Automation Market
1 Introduction (Page No. - 20)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 23)
2.1 Research Approach
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for the Study
3 Executive Summary (Page No. - 32)
4 Premium Insights (Page No. - 36)
4.1 Pharmacy Automation Systems: Market Snapshot
4.2 Asia-Pacific: Decentralized Automated Dispensing Systems Market, By Type
4.3 Geographic Snapshot of the Pharmacy Automation Systems Market
4.4 Automated Medication Dispensing Systems Market Size, By Type, 2017 vs 2022
4.5 Pharmacy Automation Systems Market: Regional Mix
5 Market Overview (Page No. - 41)
5.1 Introduction
5.2 Market Dynamics
6 Industry Insights (Page No. - 48)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Industry Trends
6.4 Adoption of Pharmacy Automation Systems (% of Hospitals), By Country
7 Global Pharmacy Automation Systems Market, By Product (Page No. - 52)
7.1 Introduction
7.2 Automated Medication Dispensing Systems
7.3 Automated Packaging and Labeling Systems
7.4 Automated Table-Top Counters
8 Global Pharmacy Automation Systems Market, By End User (Page No. - 75)
8.1 Introduction
8.2 Inpatient Pharmacies
8.3 Outpatient Pharmacies
9 Global Pharmacy Automation Systems Market, By Region (Page No. - 87)
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
10 Competitive Landscape (Page No. - 158)
10.1 Introduction
10.2 Competitive Leadership Mapping
10.3 Competitive Benchmarking
11 Company Profiles (Page No. - 162)

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FREQUENTLY ASKED QUESTIONS
What is the future market value for Pharmacy Automation Market?
What is the growth rate of the Pharmacy Automation Market?
What is the application segment of Pharmacy Automation Market?
What is the product segment of Pharmacy Automation Market?

Queries Related to the Market:
• Which application segments will perform better and achieve success in worldwide through the forecast years?
• What are the key factors driving the market growth?
• Who are the key vendors in this Industry?
• Which are the impressive business sectors where best players want their own expansion in future?
• What are the market dynamics?
• What are the limits ruining the development rate?
• What is the focused circumstance to advance development?
• What are the opportunities and threats faced by the performers in the global market?
• What are the development rates for this Industry?

Related Reports:
Global Central Fill Pharmacy Automation Market - Industry Trends and Forecast to 2029
North America Pharmacy Automation Market - Industry Trends and Forecast to 2029
Asia-Pacific Pharmacy Automation Market - Industry Trends and Forecast to 2029
Middle East and Africa Pharmacy Automation Market - Industry Trends and Forecast to 2029

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