Press release
Pharmacy Automation Market IS Dominated by North America
In 2021, the pharmacy automation market was USD 5,782.1, which will touch USD 10,337.7 million by 2030, growing at a CAGR of 7.5% during 2022-2030, as per a market research report by P&S Intelligence.The industry will grow more rapidly in developing nations, comprising of a considerable elderly population. Additionally, the rate at which the aging of the population is escalating is much higher as compared to the past. As per WHO, one in six people globally will be aged 60 or above by the end of this decade.
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One of the most-effective ways of reducing these glitches these errors is with the help of automated systems. In the years gone by, ADCs and ADMs have effectively decreased the count of errors associated with medication dispensing in hospitals.
Medication dispensing & storage system s had the largest share with about 45%. This has a lot to do with these systems' improved safety features and accuracy in drug distribution, which decrease the possibility of patients getting incorrect medicines.
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Moreover, they support in reducing the costs and making the management of inventory more efficient, by regulating storage. Patients receiving the wrong prescriptions not just are susceptible to health issues, but also considerable financial crunches.
Inpatient pharmacy accounted for the largest share of 40%, in the recent past. This was because of the increasing responsibility of healthcare providers for decreasing the frequency of medication distribution errors and, eventually, disregard them to the core.
It is because of the rising requirement for specialized drugs all over the world, the demand for pharmacy automation services will further increase in the coming years.
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