Pharmacy automation is becoming increasingly popular among pharmacies, as it helps to streamline and simplify the pharmacy workflow. Automation of pharmacy processes has been around for some time, but recent advances in technology have made it more accessible and cost-effective for pharmacies to implement.
The global pharmacy automation market is expected to grow significantly over the forecast period, due to the increasing use of robotic systems for pharmacy processes, such as drug dispensing, packaging, and labeling. Automation of pharmacy processes helps to reduce labor costs and improve efficiency, resulting in cost savings for pharmacies. Additionally, the increasing number of hospitals and other health care facilities across the world is expected to fuel the demand for pharmacy automation systems.
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The increasing demand for pharmacy automation systems is also driven by the rising need for error-free medication delivery. Automation of pharmacy processes helps to reduce medication errors, as it eliminates the need for manual data entry and reduces the possibility of incorrect drug dose or drug interaction. Automation systems also help to improve patient safety by tracking and monitoring drug inventory levels, preventing overdoses and drug abuse.
The pharmacy automation market is segmented into medication delivery systems, medication dispensing systems, pharmacy automation systems, and other automation systems. The medication delivery systems segment is expected to hold a significant share of the market, due to its ability to provide accurate and efficient medication delivery. The medication dispensing systems segment is also expected to witness significant growth, as it helps to reduce the time required to collect and dispense medications.
Key Market Players
The pharmacy automation market is consolidated at the top with a large number of leading market players based in developed countries. The prominent players operating in this market include Becton, Dickinson and Company (US), Omnicell, Inc. (US), KUKA AG (Swisslog Healthcare) (Germany), Baxter International Inc. (US), Capsa Healthcare (US), Cerner Corporation (US), Yuyama Co., Ltd. (Japan), ARxIUM Inc. (US), Parata Systems, LLC (US), RxSafe, LLC (US), ScriptPro LLC (US), Pearson Medical Technologies, LLC (US), Medical Packaging Inc., LLC (US), Tension Corporation (US), Noritsu Pharmacy Automation (US), Euclid Medical Products (US), TouchPoint Medical Solutions (US), Meditech Pharmacy Management Solutions (Belgium), and Innovation Associates (US). Due to the intense competition in the market, major market players are increasingly focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, and acquisitions.
The increasing adoption of pharmacy automation systems across various health care settings is expected to fuel the growth of the pharmacy automation market. The rising prevalence of chronic diseases, such as diabetes and hypertension, is expected to contribute to the growth of the market. Additionally, the introduction of advanced pharmacy automation solutions, such as automated medication dispensing systems, is expected to further drive the growth of the market.
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The study categorizes the pharmacy automation market based on product, end user and regional level.
By Product
By End User
By Region
Recent Developments:
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