Pharmacy Automation Market is expected to grow at a CAGR of 7.14% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Pharmacy Automation Market size was valued at USD 5.6 billion in 2022 growing at a CAGR of 7.14% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Pharmacy Automation Market size accounted for USD 5.6 billion in 2022, growing at a CAGR of 7.14% from 2023 to 2033. The pharmacy automation market involves the implementation of automated technologies and systems to streamline and enhance pharmacy processes, including medication dispensing, inventory management, and prescription filling. These automation solutions aim to reduce errors, improve operational efficiency, and enhance patient safety in pharmacies and healthcare facilities. Key components of the market include robotic dispensing systems, medication packaging and labeling systems, and automated storage and retrieval systems. The growth of the pharmacy automation market is driven by the increasing complexity of medication management, the need for error reduction, and the overall demand for efficient healthcare delivery.

Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=openpr.com&reportCode=021736

The pharmacy automation market is primarily driven by the imperative need for enhanced efficiency, reduced errors, and improved patient safety in medication management. Automation solutions, including robotic dispensing systems and inventory management technologies, respond to the increasing complexity of pharmacy operations and the growing demand for streamlined healthcare processes.

Key Players
Some of the major Pharmacy Automation Market players holding high market shares include Becton Dickinson and Company, Omnicell Inc., KUKA AG and Baxter International Inc.These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Capsa Healthcare, Cerner Corporation, Noritsu Pharmacy Automation, Willach Group, Deenova SRL, Staubli International, MedAvail, Meditech Pharmacy Management Solutions, Innovation Associates, TouchPoint Medical Solutions, and Parata Systems LLC.

Report Description: https://report.evolvebi.com/index.php/sample/request?referer=openpr.com&reportCode=021736

Segmental Analysis
Based on Product Type, the Pharmacy Automation market is segmented into Automated Medication Dispensing Systems, Automated Packaging, Labeling Systems, Automated Table-top Counters, Automated Storage, and Retrieval Systems. In 2022, the market was dominated by the category of automated medication dispensing systems. Patients are less likely to receive the incorrect prescriptions thanks to these systems' enhanced safety features and more accurate drug distribution. It also lowers expenses by managing storage, which aids in efficient inventory management.
Based on End User, the Pharmacy Automation market is segmented into inpatient pharmacies, outpatient pharmacies, and retail pharmacies. In 2022, the market was dominated by the category of retail pharmacies. In retail pharmacies, automation is transforming cost-cutting on a number of levels. Furthermore, automation streamlines workflow management and is more efficient than human counterparts. Keeping an eye on the inventory at these retail pharmacies leads to less wasted medication.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

This release was published on openPR.