North America and Europe are expected to dominate the global pharmacy automation system market during the forecast period, while the emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities.
According to the report published by Allied Market Research, the global pharmacy automation system market size was valued at $5001 million in 2020, and is assessed to reach $11211 million by 2030, growing at a CAGR of 8.3% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, “North America and Europe are expected to dominate the global pharmacy automation system market during the forecast period, while the emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities.”
The World Health Organization (WHO) on January 30, 2020 declared COVID-19 outbreak a public health emergency of international concern. COVID-19 has affected around 210 countries across the globe. Owing to the COVID-19 pandemic, governments across the globe announced country-wide lockdowns as well as social distancing measures to prevent collapse of the healthcare system.
Key Findings of the Study
- By product, the automated medication dispensing systems segment accounted for nearly half the shareof the pharmacy automation system market in 2020.
- Region wise, Asia-Pacific is anticipated to grow at the highest CAGR of 10.4% throughout the forecast period.
- In Europe, Germany accounted for approximately one-fourth share of the pharmacy automation system market, in 2020.
- By end user, the retail segment accounted for less than one-third share of the global pharmacy automation market in 2020.
In 2020 North America has addressed the greatest market size in pharmacy automation market followed by Europe. In addition, factors such as surge in awareness related to benefits of pharmacy automation systems in the region and the presence of key players drive the growth of the market. In addition, Asia-Pacific is expected to exhibit the fastest growth rate.
Major key players operating in pharmacy automation systems include Becton, Dickinson and Company, Omnicell Inc., Scriptpro Llc, Parata, Lonza, Baxter, Danaher, Capsa Healthcare, Cerner Corporation, and RX Safe
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.