Press release
Rising Medication Errors Fueling Growth in Pharmacy Automation Systems Market: A Key Factor Shaping the Future of the Pharmacy Automation Systems Market in 2025
Pharmacy Automation Systems Market
A surge in medication errors is anticipated to drive the pharmacy automation systems market's growth. Such errors include preventable incidents or missteps associated with medication usage, which can take place at any time during the healthcare process - from prescribing and dispensing, to administration and monitoring. Pharmacy automation systems ensure the precise and thorough recording of dispensed medications and patient records, aiding healthcare practitioners in easily obtaining information and minimizing the risk of errors from incomplete or absent data. For example, the World Health Organization revealed in September 2022, that hospital medication error rates in prescriptions varied between 0.3% to 9.1%, and 1.6% to 2.1% in the dispensing stage in the same year. Moreover, the expenditure on medication errors was €2 billion (2.17 billion) in 2022, contributing to 3% of the total healthcare expenditure of the nation. Consequently, the rise in medication errors fuels the growth of the pharmacy automation systems market.
Get Your Pharmacy Automation Systems Market Report Here:
https://www.thebusinessresearchcompany.com/report/pharmacy-automation-systems-global-market-report
What is the projected compound annual growth rate (CAGR) of the pharmacy automation systems market from 2025 to 2034, and what factors influence it?
The market size of pharmacy automation systems has seen robust growth in the past few years. It is projected to expand from $5.86 billion in 2024 to $6.33 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.0%. The noticeable growth during the historic period can be credited to the removal of manual medicine delivery, enhanced pharmaceutical safety, and a rise in medication errors.
Anticipated to witness robust expansion in the near future, the pharmacy automation systems market is predicted to reach a valuation of $8.53 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 7.8%. This substantial growth within the forecasted duration can be credited to a rise in the quantity of retail pharmacies, increasingly beneficial government regulations, and a surge in the utilization of robotic pharmacy. Key trends during the prediction period will encompass product enhancements, advancements in technology, and a rise in partnerships and collaborations.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13721&type=smp
How are the latest trends influencing the growth of the pharmacy automation systems market?
Key players in the pharmacy automation systems market, such as Deenova Srl, are striving to retain their market dominance by innovating and developing new products like medication repackaging systems. Such systems, either automated or manual, serve to distil bulk medication containers into tailored, patient-specific dosages. For instance, in March 2022, Deenova Srl, based in Italy, rolled out a novel addition to their pharmacy automation systems product line, termed EAHP D3. This product comprises a trio of systems: AIDE-Cut, AIDE-Pack, and AIDE-Pick. AIDE-Cut is a specialized mechatronic system meant for packaging oral solid drugs into single doses, while AIDE-Pack serves to repackage both oral and non-oral pharmaceutical types into unit dose format. Each individual unit dose is identified through a data matrix code, encapsulating vital drug information such as batch numbers, expiration dates, unique serialization numbers, and the medication code. Further, the Deenova D3 series solution AIDE-Pick is implemented for centralized therapy preparation in multi-site and sub-acute healthcare settings.
What are the major segments of the pharmacy automation systems market and their role in driving growth?
The pharmacy automation systems market covered in this report is segmented -
1) By Product Type: Automated Medication Dispensing Systems, Automated Medication Compounding Systems, Automated Packaging And Labelling Systems, Automated Table Top Counters, Automated Storage And Retrieval Systems
2) By Mode Of Automation: Semi-Automatic Systems, Fully-Automatic Systems
3) By End User: Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Pharmacy Benefit Management Organizations And Mail-Order Pharmacies
Subsegments:
1) By Automated Medication Dispensing Systems: Centralized Dispensing Systems, Decentralized Dispensing Systems
2) By Automated Medication Compounding Systems: IV Compounding Systems, Oral Compounding Systems
3) By Automated Packaging And Labelling Systems: Blister Packaging Systems, Bottle Filling And Labelling Systems
4) By Automated Tabletop Counters: Tablet Counters, Capsule Counters
5) By Automated Storage And Retrieval Systems: Robotic Storage Systems, Carousel Systems
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13721
Which regions are key players in the growth of the pharmacy automation systems market?
North America was the largest region in the pharmacy automation systems market in 2024. The regions covered in the pharmacy automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the pharmacy automation systems market?
Major companies operating in the pharmacy automation systems market report are CVS Health, AmerisourceBergen Corporation, Cardinal Health, Kroger Company, Danaher Corporation, Rite Aid Corporation, Becton, Dickinson and Company, Cerner Corporation, Epic Systems Corporation, KUKA AG (Swisslog Healthcare), Automated Healthcare Systems Incorporated, Omnicell Inc., Swisslog Holdings AG, Parata Systems LLC, Scriptpro LLC, Capsa Healthcare, Arxium Inc., Talyst LLC, Kirby Lester LLC, Yuyama Co. Ltd., Rx Safe LLC, Pharmatech Corporation, Pearson Medical Technologies, Hy-Tek Medical Limited, Rotech Healthcare
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=13721&type=smp
What Is Covered In The Pharmacy Automation Systems Global Market Report?
•Market Size Forecast: Examine the pharmacy automation systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the pharmacy automation systems market for a structured understanding.
•Key Players Overview: Analyze major players in the pharmacy automation systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pharmacy automation systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the pharmacy automation systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pharmacy automation systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the pharmacy automation systems market.
•Competitive Landscape: Review strategic developments in the pharmacy automation systems market, including expansions, agreements, and new product launches.
Connect with 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.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Medication Errors Fueling Growth in Pharmacy Automation Systems Market: A Key Factor Shaping the Future of the Pharmacy Automation Systems Market in 2025 here
News-ID: 3917445 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Automated
Automated Fiber Placements And Automated Tape Laying (AFP- ATL) Machines Market …
According to Market Research Intellect, the global Automated Fiber Placements And Automated Tape Laying (AFP- ATL) Machines market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The market for automated tape laying (ATL) and automated fiber…
Ace Automated Gates | Austin Enhances Security with Premium Automated Gate Solut …
Ace Automated Gates | Austin enhances property security with premium automated gate solutions. Specializing in gate installation, repair, and advanced access control systems, they provide high-quality electric and motorized gates for residential and commercial properties. Offering expert craftsmanship and durable materials, they ensure long-lasting security and convenience.
Austin, TX - Home and business owners seeking enhanced security, convenience, and style can now rely on Ace Automated Gates | Austin [https://aceautomatedgatesaustin.com/] for…
Automated Autoinjectors Market
The "Automated Autoinjectors Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Automated Autoinjectors Market, 2024-2031
Verified Market Research's most recent report, "Automated Autoinjectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Automated Journalism Market All Sets for Continued Outperformance: Automated Ins …
HTF MI introduces new research on Automated Journalism covering the micro level of analysis by competitors and key business segments (2024-2030). The Automated Journalism explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled…
Automated Fiber Placements and Automated Tape Laying (AFP- ATL) Machines Market …
Automated fiber placement and automated tape laying machines are used for the fabrication of composites parts used in aerospace and defense industries. These machines help in precisely placing fiber tapes, tows and sheets on molds or cores to manufacture composite parts with high strength and lightweight properties.
Market Dynamics:
Increasing demand from aerospace and defense industry is one of the major factors estimated to boost the growth of the AFP- ATL machines…
Automated Microbiology Market - Efficiency Meets Accuracy: Redefining Microbiolo …
Newark, New Castle, USA: The "Automated Microbiology Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Automated Microbiology Market: https://www.growthplusreports.com/report/automated-microbiology-market/7801
This latest report researches the industry structure, sales, revenue,…
