Report Sellers has added a new market research report “Middle East and Africa Automation Market – Forecasts From 2017 to 2022” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
According to the report, Middle East and Africa Pharmacy Automation Market is projected to grow at a CAGR of 7.20% during the forecast period to reach a total market size of US$0.165 billion in 2022 from US$0.109 billion in 2016. Increasing healthcare expenditure is driving the demand for pharmacy automation in the region in order to provide improved service to a large patient base.
Changing lifestyle patterns along with the influx of expatriates, especially in the gulf countries is augmenting the demand for efficient healthcare services, thereby positively impacting the pharmacy automation market growth. By application, the market for automatic storage and retrieval system will grow at a significant CAGR of 9.10% during the forecast period due to warm climatic conditions in the region coupled with complicated custom control regulations. By end user, Hospital Pharmacy Automation market will witness the fastest growth at a CAGR of 7.77% during the forecast period owing to the high capital budget of hospitals and healthcare facilities.
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Middle East and Africa Pharmacy Automation market has been segmented by application automated medication dispensing system, automated packaging and labeling system, automatic storage and retrieval system, robotic dispensing system, IV pharmacy, and others. The market has also been segmented by the end user as hospital pharmacy and retail pharmacy. Geographically, the market has been segmented into Saudi Arabia, Israel, UAE, and others.
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