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Global Pharmacy Automation Solution Market Global Outlook, Development, Share Analysis And Future Forecast To 2033
"The Business Research Company recently released a comprehensive report on the Global Pharmacy Automation Solution Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=12396&type=smp
According to The Business Research Company's, The pharmacy automation solution market size has grown rapidly in recent years. It will grow from $7.16 billion in 2023 to $7.94 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increased prescription volume, medication error reduction, labor shortages in healthcare, regulatory compliance requirements, patient demand for convenience.
The pharmacy automation solution market size is expected to see rapid growth in the next few years. It will grow to $12.04 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to telehealth and remote pharmacy services, integration with electronic health records (ehrs), advanced medication management, pharmacy workload optimization, global healthcare trends. Major trends in the forecast period include inventory management solutions, patient-centric approaches, regulatory compliance, data analytics and reporting, interoperability with electronic health records (ehr).
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Market Drivers and Trends:
The rising demand for pharmaceuticals is expected to propel the growth of the pharmacy automation solution market going forward. Pharmaceuticals are drugs or medications that prevent, diagnose, treat, or cure diseases or medical conditions. The pharmaceutical industry uses pharmacy automation solutions for drug delivery systems, tablet compression and coating, and liquid dosing as automation in the manufacturing process. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a European trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $384,200 million (€340,000 million) in 2022, with an increase of approximately 4.95% from 366,267 million (€323,950 million) in 2021. Therefore, the rising demand for pharmaceuticals is driving the growth of the pharmacy automation solution market.
Product innovations are a key trend gaining popularity in the pharmacy automation solution market. Major companies operating in the pharmacy automation solution market are focused on developing innovative products to sustain their position in the market. For instance, in March 2022, Deenova Srl, an Italy-based pharmacy automation solutions company, launched the EAHP D3 innovative addition product for pharmacy automation solutions. The solutions include AIDE-Cut, AIDE-Pack, and AIDE-Pick, where AIDE-Cut is a mechatronic system for packing oral solid pharmaceuticals in unit doses. The AIDE-Pack is used to repackage all pharmaceutical types (oral and non-oral) in unit dose format. A data matrix code that summarizes the drug's fundamental properties, including the batch and expiration dates, its unique serialization number, and its medication code, is used to identify each unit dose, and Deenova D3 series solution AIDE-Pick is used in centralized therapy preparation in sub-acute and multi-site healthcare facilities.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
McKesson Corporation, AmerisourceBergen Corporation, Cerner Corporation, MedAvail Technologies Inc., Baxter International Inc., Grifols Shared Services North America Inc., KUKA AG, Omnicell Inc., Swisslog Holding AG, Pearson Medical Technologies UK, Parata Systems LLC, TOSHO Co. Inc., ScriptPro LLC, ABX Engineering Inc., Innovation Associates Inc., Mediware Information Systems Inc., ARxIUM, Capsa Solutions LLC, Kirby Lester LLC, MEPS Real-Time Inc., RxSafe LLC, ForHealth Technologies Inc., Medacist Solutions Group, Yuyama Inc., Talis Clinical LLC, Willach Group.
Pharmacy Automation Solution Market 2024 Key Insights:
• The pharmacy automation solution market size is expected to see rapid growth in the next few years. It will grow to $12.04 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.
• Growing Pharmaceuticals Demand Drives Expansion Of The Pharmacy Automation Solution Market
• Innovative Strides For Cutting-Edge Pharmacy Automation Solutions
• Asia-Pacific was the largest region in the pharmacy automation solution market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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