Pharmacy Automation Devices Market Size, Industry Trends, Demand and Future Opportunities and Forecast Period


Posted May 31, 2024 by Jameslin

Pharmacy Automation Devices Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast Period

 
The pharmacy automation devices market is likely to experience significant growth, with projections indicating that the industry would reach a valuation of USD 9,875.4 million by 2034, a significant increase from the estimated USD 30,671.5 million in 2023. This growth trajectory is expected to maintain a robust compound annual growth rate (CAGR) of roughly 10.4% between 2024 and 2034. The market is being driven by advancements in technology and the increasing demand for efficient healthcare delivery.
Taking the right medication at the right dosage reduces adverse drug events and improves overall patient care. Automation devices for pharmacies facilitate the automation of medicine supply, storage, and dispensing processes, in addition to managing other business operations. Additionally, automation systems ensure compliance with the strict regulations that apply to the pharmaceutical industry.

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Pharmacy Automation Devices Market Growth Drivers:
The aging population and the rise in chronic conditions are driving up prescription volume filling rates. Automated dispensing systems and robotic prescription fillers are two examples of pharmacy automation techniques that drugstores use to manage this influx. They also reduce errors and improve the general effectiveness of the workflow.

Medication errors are a big issue in the healthcare sector since they can lead to adverse drug reactions and patient harm. Reducing these errors is mostly dependent on automation technologies for pharmacy processes, such as drug checking, labeling, and dispensing. To ensure patient safety and accurate medication distribution, modern technology is integrated into automated systems, such as computer vision and barcode scanning.
Pharmacy Automation Devices Market Segmentation:
· By Product Type: Medication Dispensing Systems, Packaging & Labeling Systems, Storage & Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters, Other Pharmacy Automation Devices
· By Distribution Model: Centralized, Decentralized
· By End-User: Retail Pharmacy, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations, Mail-Order Pharmacies, Other End-Users
· By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Pharmacy Automation Devices Market Key Global Players:
Numerous players are vying for market share and investing in new technologies and product development to stay ahead of the curve in the market. Several key global players in the pharmacy automation devices market include:
· Omnicell, Inc.
· Capsa Healthcare
· Becton, Dickinson and Company
· Yuyama Co., Ltd.
· McKesson Corporation
· Swisslog Healthcare (KUKA)
· ScriptPro
· ARxIUM
· Other Players

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

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Tags pharmacy automation devices market , pharmacy automation devices market size , pharmacy automation devices market news , pharmacy automation devices market growth
Last Updated May 31, 2024