Pharmacy Automation Market | Growing need to minimize medication errors.

According to Precision Business Insights (PBI), the latest report, the pharmacy automation market size was valued at USD 5,891.1 million in 2022 and is poised to grow at a significant CAGR of 8.3% during the forecast period 2022-2028. Another key element affecting the growth rate of the pharmacy automation market is growing healthcare spending, which aids in infrastructure improvement. Additionally, pharmacy decentralization will enhance the pharmacy automation business. Moreover, rising labor costs and rising disposable income will drive the pharmacy automation industry forward. In addition, the growing elderly population and the incidence of chronic illnesses will accelerate market expansion.

View Detailed Report Description at https://precisionbusinessinsights.com/market-reports/pharmacy-automation-market/

Drug Dispensing and Packaging Segment to Dominate the Pharmacy Automation Market:
Amongst application types, drug dispensing and packaging segment held a considerable market during the estimated period. This is attributed to enhanced safety and accuracy in medication distribution provided by these systems, resulting in fewer instances of incorrect drugs being delivered to patients. It also aids in effective inventory management and helps to decrease expenses by controlling storage. Wrong medications being dispensed to patients not only poses harm to their health but also have significant implications on costs incurred.

Asia Pacific Pharmacy Automation Market:
The global pharmacy automation market, based on region, is segmented into America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The Asia Pacific market is expected to increase in the global pharmacy automation market over the forecast period. It is projected to grow at a significant CAGR in the coming years. The Asia Pacific market is developing rapidly due to high technical awareness regarding the usage of robotics in China, Japan, and Singapore. The Asian pharmaceutical manufacturing sector has robust production capabilities, which further fuels the demand for pharmacy automation solutions in Asia-Pacific.

The global pharmacy automation market is segmentation:

1) By Product: Systems, Software, Services.
2) Pharmacy Type: Independent, Chain, Federal.
3) Pharmacy Size: Large Size Pharmacy, Medium Size Pharmacy, Small Size Pharmacy.
4) Application: Drug Dispensing and Packaging, Drug Storage, Inventory Management. z5) End User: Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Online Pharmacies, Central Fill/Mail Order Pharmacies, Pharmacy Benefit Management Organizations, Others.
6) Distribution Channel: Direct Tender, Third Party Distributor.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Pharmacy Automation market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In August 2021, the company iA who is a provider of software-enabled pharmacies announced the introduction of new solutions (Pharmacy Fulfillment, SmartPod & Therapy Management Solutions) to transform Pharmacy Services.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=65408

The Pharmacy Automation market is segmented based on product, pharmacy type, pharmacy size, application, end-user, distribution channel and geography.
Based on the product, the market is segmented into the following:
• Systems
• Software
• Services

Based on the pharmacy type, the market is segmented into the following:
• Independent
• Chain
• Federal

Based on the Pharmacy Size, the market is segmented into the following:
• Large Size Pharmacy
• Medium Size Pharmacy
• Small Size Pharmacy

Based on the Application, the market is segmented into the following:
• Drug Dispensing and Packaging
• Drug Storage
• Inventory Management

Based on the End User, the market is segmented into the following:
• Inpatient Pharmacies
• Outpatient Pharmacies
• Retail Pharmacies
• Online Pharmacies
• Central Fill/Mail Order Pharmacies
• Pharmacy Benefit Management Organizations
• Others

Based on the Distribution Channel, the market is segmented into the following:
• Direct Tender
• Third Party Distributor

Based on geography, the market is segmented into the following:

• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

Request Methodology: https://precisionbusinessinsights.com/request-methodology/?product_id=65408

Key players' profiles in the Pharmacy Automation market report are APD Algoritmos Procesos y Diseños S.A (Madrid), Gebr. Willach GmbH (Germany), JVM Europe BV (Netherlands), Mediwell Systems Ltd. (UK), Genesis Automation LTD (Ireland), PHARMAGEST INTERACTIVE (France), FarmaTools (Finland), Deenova S.r.l. (Italy), KUKA AG (Germany), Cerner Corporation (US), OMNICELL, INC. (US), Capsa Healthcare (US), McKesson Corporation (US).

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.