Press release
Global Pharmacy Automation Market is anticipated to grow at a 8.5% CAGR by 2026 - Rapid Decentralization of Pharmacies & Demand to reduce Medication Errors and for Faster Prescription Processing
Advent of Advanced Automation Technologies Drives the Global Pharmacy Automation Market
Advancements and innovations in digital technologies have enabled pharmacies to handle high prescription loads safely and efficiently. When pharmacy automation became popular, pill counting was one of the only techniques available in the global market. Nowadays, there are several more accessible automation machines available. Some of them include, automated medication dispensing systems, automated storage and retrieval systems, automated packaging and labeling systems, table-top tablet counters, and automated compounding devices. Recently, several technological developments have been made to improve the common tasks and processes performed in a pharmacy or other healthcare settings such as:
• In March 2022, Capsa Healthcare announced an expansion to its suite of NexsysADC automated dispensing cabinets. NexsysADC can accommodate any size of controlled or high-value medications or supplies in two new sizes of Controlled Access Module Drawers.
• In August 2021, Innovation Associates announced the launch of its Smart-Pod, a next-generation robot for central-fill pharmacy environments. Smart-Pod allows providers to adjust and scale their centralized fulfillment solutions to meet demands.
Move towards Pharmacy Automation System From Manual System
In the old pharmacy system, various processes such as tablet counting, IV dosage fillings, medicine dispensing, etc. were done manually. The manual method used many workers, extra time in work completion, human errors etc. But as the benefits offered by pharmacy automation system became clear, even traditional pharmacies have started using pharmacy automation system. Automation increases a pharmacy's efficiency while reducing its error rate. Also, the costs associated with automation continue to drop down and more pharmacies are realizing that they need pharmacy automation for a better and efficient workflow.
"Pharmacy automation systems are emerging to address the rising demand for medicines across the world. Technology has a major role to play in its growth. Advancements in digital technologies enables pharmacies to handle high prescription loads safely and efficiently."-Vice President, Global Operations and Supply Chain, Pharmacy Automation Company, US
Geograohic Analysis: North America to Continue its Dominance in the Pharmacy Automation Market
From a geographical perspective, North America holds the highest share of the pharmacy automation market. Increasing adoption of new automation technologies in hospitals and pharmacies, surge in the need to reduce prescription & dispensing errors, the need for improving efficiency and workflow management in pharmacies and an increasing number of hospitals and healthcare laboratories in this regions are expected to drive the growth of the pharmacy automation market.
Competitive Landscape Analysis: Pharmacy Automation Market
Some of the established industry players operating in the pharmacy automation market are Becton Dickinson and Company, Omnicell Inc., KUKA AG, Baxter International Inc., and Capsa Healthcare, among others.
Companies are Adopting Efficient Growth Strategies to Increase their Share in Pharmacy Automation Market
All major players operating in the global market are adopting both organic and inorganic growth strategies such as collaborations, acquisitions, fundings, and new product launches to garner a higher market share. For instance,
• In May 2022, Deenova announced the launch of its innovative Pay-Per-Dose unit dose pharmacy automation service to the UK market.
• In February 2022, Capsa Healthcare announced the acquisition of Humanscale Healthcare, a designer and manufacturer of flexible technology solutions and computing workstations based in New York.
Get Detailed Insights on Pharmacy Automation Market with TOC & Sample Report @ https://meditechinsights.com/pharmacy-automation-market/
Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.
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