Pharmacy Automation Market is expected to grow at a decent CAGR of ~8.5% by 2026

Pharmacy automation is described as a mechanical system that performs operations related to the storage, packaging, dispensing, or distribution of medications while enabling control of the operation and electronic documentation of transactions.
BRUSSELS - Oct. 3, 2022 - PRLog -- The Global Pharmacy Automation Market is expected to grow at a rate of ~8.5% by 2026. Some of the major factors propelling the global pharmacy automation market are the rising awareness regarding pharmacy automation, rapid decentralization of pharmacies, the increasing demand to minimize medication errors, increased demand for faster prescription processing, and technological advancements to manage workflow in the pharmacy and improve efficiency.

The Arrival of Advanced Pharmacy Automation Technologies Drives the Pharmacy Automation Market
The development of digital technology makes it possible for pharmacies to handle high prescription loads safely and efficiently. When pharmacy automation originally gained popularity, pill counting was one of the only techniques available in the market. Automated medication dispensing systems, automated storage and retrieval systems, automated packaging and labeling systems, table-top tablet counters, and automated compounding devices are just a few of the more accessible automation machines that are now available.

Recently, numerous technological developments have been made to improve the common tasks and processes performed in a pharmacy or other healthcare settings such as:
  • In March 2022, Capsa Healthcare announced an expansion to its suite of NexsysADC automated dispensing cabinets. NexsysADC can accommodate any size of controlled or high-value medications or supplies in two new sizes of Controlled Access Module Drawers
  • In August 2021, Innovation Associates announced the launch of its Smart-Pod, a next-generation robot for central-fill pharmacy environments. Smart-Pod allows providers to adjust and scale their centralized fulfillment solutions to meet demands
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Competitive Landscape Analysis of Pharmacy Automation Market

Some of the key players operating in the global pharmacy automation market include Becton Dickinson and Company, Omnicell Inc., KUKA AG, Baxter International Inc., Capsa Healthcare, among others.

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