Pharmacy Automation Market is projected to grow at a compound annual growth rate (CAGR) of 8.3% from 2021 to 2030

PORTLAND, OREGON, UNITED STATES, July 1, 2024 /EINPresswire.com/ -- How big is the pharmacy automation market?

Allied Market Research has published a study report with the title global Pharmacy Automation System Market generated $5.00 billion in 2020, and is projected to reach $11.21 billion by 2030, registering a CAGR of 8.3% from 2021 to 2030.

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 pharmacy automation system market is driven by need for decline in medication errors, manual medication dispensing, and headway of further evolved innovations to help &further develop pharmacy automation systems. In addition, rise in geriatric population and surge in work cost have incited the growth in pharmacy automation market. To further foster the healthcare advantages and assure the wellbeing of patients, it is critical to reduce medication errors. Consequently, increase in use of pharmacy automation systems brings about minimization of errors associated with medication, storage, recuperation, dispensing, and use.

Key Takeaways:

The large share of segment is attributed to advantages such as improved medication safety.
Hospital Pharmacy segement continue to maintain lead in the forecast year.
North America would exhibit the highest CAGR of 6.9% during 2021-2030.

Request Sample Copy of the Report: https://www.alliedmarketresearch.com/request-sample/484

Pharmacy automation systems have dealt with the course of pharmacy undertakings, such as filling &capping of drugs, administration &storing of drugs, and labeling the prescriptions. These systems can store and supervise more than 200-300 medications and patients' information, in a reasonable &secure way. Rise in gathering of automated systems is expected to ensure prominent productivity and increase the amount of prescriptions served by the pharmacy by reducing long stretch operating cost

Under product type, the automated medication dispensing part addressed the largest share of pharmacy automation market in 2020.The gigantic share of the segment is credited to benefits such as prevalent medication security, better inventory load up, and further created storage limit with ideal utilization of room, and conceivable time &cost savings.

Market Segmentation: -

By Product:

Automated Medication Dispensing Systems
Automated Storage And Retrieval Systems
Automated Packaging And Labeling Systems
Tabletop Tablet Counters
Automated Compounding Devices

By End User:

Hospital Pharmacy
Retail Pharmacy
Others

Geography:

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East & Africa)

Key Market Players:

Rx Safe
Danaher Corporation
Becton
Dickinson And Company
Capsa
Baxter International Inc.
Lonza Group
Script Pro
Omnicell Inc.
Cerner Corporation
Parata Systems

Request for Customization: https://www.alliedmarketresearch.com/request-for-customization/484

Regional Growth Dynamics:

North America dominates the pharmacy automation system market followed by the European region due to increased number of drug prescriptions at pharmacies resulting from growth in aging population.

Purchase the Report: https://www.alliedmarketresearch.com/purchase-enquiry/484

Trending Reports in Healthcare Industry:

Metabolomics Market – Global Opportunity Analysis and Industry Forecast, 2020-2030

Epigenetics Market – Global Opportunity Analysis and Industry Forecast, 2020-2030

Heat Therapy Market – Global Opportunity Analysis and Industry Forecast, 2020-2030

About Us

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 domain.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X