Pharmacy Automation Market Key Players, Demands, Size to grow to US$9.76 billion by 2028

In 2022, the global pharmacy automation market was valued at US$5.90 billion and is expected to grow to US$9.76 billion by 2028. The term "Pharmacy Automation" refers to the use of technology and automated systems to improve the efficiency, accuracy, safety, and quality of pharmaceutical services. Autonomous Pharmacy represents the shift in a pharmacies’ medication management approach from manual, headcount-based processes to a more automated and data-driven approach. This transition is supported by a combination of hardware, software, and tech enabled services.

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The key players of the pharmacy automation market are:

Omnicell, Inc.
Becton, Dickinson and Company (Parata Systems)
Baxter International Inc.
KUKA (Swisslog Healthcare)
Capsa Healthcare
Oracle Cerner
Mckesson Corporation
Yuyama Co., Ltd
ARxIUM
Pearson Medical Technologies, LL
TouchPoint Medical
RxSafe

The pharmacy automation market refers to the use of technology and devices to automate medication dispensing, packaging, labeling, and other related processes in pharmacies. Pharmacy automation helps to improve medication safety, reduce errors, and increase efficiency in pharmacy operations.

The growth of the market is attributed to the increasing demand for automation in pharmacy operations, the rising number of prescriptions, and the growing focus on reducing medication errors and improving patient outcomes.

Based on product type, the pharmacy automation market is segmented into medication dispensing systems, packaging and labeling systems, storage and retrieval systems, and others. The medication dispensing systems segment is expected to hold the largest market share during the forecast period, owing to the increasing demand for automated medication dispensing systems in hospitals and pharmacies.

Geographically, the pharmacy automation market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to hold the largest market share during the forecast period, owing to the presence of a large number of pharmaceutical companies and the growing adoption of automation in pharmacy operations in the region. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the increasing investments in healthcare infrastructure, the rising number of hospitals and pharmacies, and the growing focus on improving healthcare outcomes in emerging economies such as China and India.

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This release was published on openPR.