The market across North America is expected to hold the lion’s share through 2030. However, the market across Asia-Pacific is projected to portray the highest CAGR of 8.6% from 2021 to 2030.
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As per the report published by Allied Market Research, the global pharmacy automation system market is estimated to reach $11.21 billion by 2030, growing at a CAGR of 8.3% from 2021 to 2030. The report highlights the market potential, market characteristics, competitive landscape, and growth by segmentation.
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Onkar Sumant, Manager, of Healthcare at Allied Market Research, stated, “Increase in need to decline medication errors, the surge in work cost, rise in geriatric population, and increase in need for enhanced productivity have boosted the growth of the global pharmacy automation system market. However, high capital investment and strict guidelines hinder market growth. On the contrary, significant improvement in healthcare infrastructure in developing countries would open new opportunities in the future.”
Covid-19 pandemic impact on the market:
- The Covid-19 pandemic had a positive impact on the growth of the market due to the sudden surge in the number of Covid-19 patients across the globe, which led to a surge in demand for medications across the globe.
- However, a ban on international trade and the disrupted supply chain created many challenges during the first phase of the pandemic.
The global pharmacy automation system market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America is expected to hold the lion’s share through 2030. However, the market across Asia-Pacific is projected to portray the highest CAGR of 8.6% from 2021 to 2030.
The global pharmacy automation system market is segmented on the basis of product type, end-user, and region.
Based on product type, the automated medication dispensing systems segment is expected to hold the highest market share during the forecast period. However, the automated packaging and labeling systems segment is projected to portray the fastest CAGR of 10.3% during the forecast period.
On the basis of end-user, the hospital pharmacy segment is estimated to hold the lion’s share through 2030. However, the retail pharmacy segment is anticipated to register the highest CAGR of 8.6% during the forecast period.
The global pharmacy automation system market includes an in-depth analysis of the prime market players such as Cerner Corporation, Capsa Healthcare, Omnicell Inc., RX Safe, Scriptpro Llc, Parata, Lonza, Baxter, Danaher, and Becton, Dickinson, and Company.
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