What is pharmacy automation system?
Pharmacy automation involves the mechanization of processes, of which can include medication dispensing, packaging, labeling, storage and retrieval of medications. Automation systems can help pharmacies streamline the workflow and reduce the risk of errors and improve direct patient-care activities.
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.
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Significant surge in geriatric population across the globe, rise in need to decline medication errors, rise in work cost, and increase in need for enhanced productivity with the help of automated systems are expected to drive the growth of the global pharmacy automation system market. In addition, significant improvement in healthcare infrastructure in emerging countries is expected to create ample opportunities in the industry. Contrarily, high capital investment and stringent guidelines restrain the market growth.
COVID-19 Scenario
- The outbreak of COVID-19 has had a positive impact on the growth of the global pharmacy automation system market, owing to significant surge in the number of coronavirus cases across the globe. Thus, surge in patients around the world had a remarkable impact on the market, creating a rapid demand for medications across the globe.
- In addition, the demand for automation systems grew exponentially due to the shortages of staff.
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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.
Onkar Sumant
Key Market Players
- Baxter International Inc.
- Becton, Dickinson And Company
- Capsa
- Cerner Corporation
- Danaher Corporation
- Lonza Group
- Omnicell Inc.
- Parata Systems
- Rx Safe
- Script Pro
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