The global pharmacy automation market is expected to grow at a CAGR of around 5% during 2020-2025., according to a new report by IMARC Group.
Pharmacy automation is a process that involves the use of mechanized systems for managing and digitalizing various medical and healthcare workflow processes. The use of these systems is associated with streamlining regular tasks and centralizing or decentralizing automated dispensing, packing and labeling. Their employment aids in reducing dispensing errors, minimizing human intervention and monitoring usage patterns of various controlled drugs. Apart from this, they are used for the automation of compound preparation, prescription management, tablet counting, customer database updating and inventory management.
The global pharmacy automation market is primarily driven by the decentralization of pharmacies across the globe. The healthcare industry is extensively utilizing pharmacy automation, as it is highly flexible and improves overall stock management. The growing requirement for minimizing errors in various medical processes is further facilitating the uptake of these processes on a global level. Moreover, the rising occurrence of multiple chronic diseases, along with an increase in the geriatric population, has also necessitated the need for the installation of mechanized systems for efficient drug dispersal across pharmacies and hospitals. Continual technological advancements, favorable initiatives untaken by governments of various countries to improve the healthcare infrastructure and the advent of healthcare robots are some of the other factors providing an impetus to the market growth.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Breakup by Application
- Drug Dispensing and Packaging
- Drug Storage
- Inventory Management
Market Breakup by End-User
- Hospital Pharmacies
- Retail Pharmacies
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
For more information about this report visit: https://www.imarcgroup.com/pharmacy-automation-market
Some of the major players operating in the industry worldwide include Baxter International Inc (NYSE: BAX), Becton Dickinson and Co (NYSE: BDX), Capsa Healthcare, Cerner Corporation (NASDAQ: CERN), Kirby Lester LLC, KUKA AG, McKesson Corporation, Omnicell Technologies, RxSafe LLC, Scriptpro LLC, Swisslog Holding AG, Takazono Corp., TCGRx Pharmacy Workflow Solutions, Yuyama Co. Ltd., etc.
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