Pharmacy Automation Devices Market to Reach US$ 15 Billion by End of 2033, as per TMR Report

The global sales of the 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐲 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 in 2022 were held at US$ 4.9 Billion. With a CAGR of 10.9% from 2023 to 2033, the market is projected to reach US$ 15 Billion by 2033.

Retail Pharmacy is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 9.3% from 2023 - to 2033.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85398&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

Pharmacy automation technologies can protect medical professionals and patients from the dangers of scarce pharmaceutical products, ineffective medications, and waste. The implementation of RFID, barcode scanning technologies, smart dashboards, and data security in pharmacies for seamless workflow is projected to improve overall efficiency. Furthermore, these technologies cut labor expenses and prescription mistakes while increasing accuracy and speed. These devices also help pharmacists save time on nonclinical tasks like inventory management. Pharmacists may spend more time with patients, improving their overall experience.

𝐖𝐡𝐚𝐭 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐫𝐞 𝐏𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐲 𝐚𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐃𝐞𝐦𝐚𝐧𝐝?

The pharmacy automation systems market is being driven by the imperative to reduce pharmaceutical errors and manual medicine dispensing. Pharmacists and pharmacy technicians typically cover around 8 kilometers per day performing tasks such as filling, packaging, labeling, and dispensing medications.

Automation of these processes can help companies cut labor costs associated with increased personnel requirements while also reducing workplace stress. Automated algorithms can detect trends in patient reactions to drugs, aiding in the identification of conflicts or warnings that humans may overlook.

Advanced robotic dispensing equipment represents a key aspect of workforce automation in pharmacies. These devices automate medication handling from order entry to prescription delivery, enabling pharmacies to distribute drugs to patients more swiftly and accurately, thereby improving patient safety and enhancing customer care efficiency.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

AmerisourceBergen Corporation, Arxium Inc, Baxter International Inc., Becton Dickinson Company, Capsa Healthcare, CareFusion Corporation, Cerner Corporation, Emagine Corporation, Health Robotics SRL, Kirby Lester, KUKA AG, McKesson Corporation, Omillionicell Inc., and Accu Chart Plus Healthcare Systems.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

By Product Type

Medication Dispensing Systems
Packaging and Labelling Systems
Storage and Retrieval Systems
Automated Medication Compounding Systems
Tabletop Tablet Counters

By End-Use

Retail Pharmacy
Hospital Pharmacy

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In Jan 2021, Omnicell announced the extension of its partnership with WVU Medicine, which is an affiliated academic medical system of West Virginia University. It is targeted to use the medication inventory management platform to enhance pharmacy supply chain management in a West Virginia-based health network.

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
https://www.transparencymarketresearch.com/checkout.php?rep_id=85398<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the pharmacy automation devices market include the integration of artificial intelligence and robotics, the adoption of cloud-based solutions, and the development of user-friendly interfaces. Additionally, there is a growing focus on sustainability and environmental conservation, leading to the development of eco-friendly automation devices.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future of the pharmacy automation devices market looks promising, with continued technological advancements driving innovation and efficiency in pharmaceutical processes. As healthcare systems strive to improve patient outcomes and reduce costs, the demand for automation devices is expected to surge, creating new opportunities for market players.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

-Analysis of market dynamics, including drivers, challenges, and trends
-Examination of market segmentation by various factors
-Assessment of regional market trends and growth prospects
-Evaluation of competitive landscape and key market players
-Examination of recent developments and technological advancements in the market

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐏𝐧𝐞𝐮𝐦𝐚𝐭𝐢𝐜 𝐒𝐞𝐚𝐭 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/02/27/2615863/0/en/Automotive-Pneumatic-Seat-System-Market-to-reach-US-15-8-billion-by-2031-by-Increasing-Popularity-of-Passenger-Vehicles-around-the-Globe-TMR-Study.html

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐒𝐢𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/02/27/2616117/0/en/Medical-Simulation-Market-to-Grow-at-a-CAGR-of-19-1-during-Forecast-Period-Reveals-TMR-Study.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com    
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

This release was published on openPR.