Pharmacy Automation Market to grow at a CAGR of 8.5% by 2026 - Explore Our In-depth Market Insights

Pharmacy automation market is driven by factors such as increasing automation adoption, decentralization, medication error reduction, faster prescription processing, and technological advancements for improved efficiency and workflow management.
BRUSSELS - Sept. 25, 2023 - PRLog -- Pharmacy automation is described as a mechanical system that conducts processes such as pharmaceutical storage, packing, dispensing, or distribution while allowing control of the operation and computerized transaction recording. It enables pharmacies to optimize operations and reduce the chance of errors.

Introduction of advanced pharmacy automation technologies is fueling the pharmacy automation market

Enhancements in digital technology enable pharmacies to safely and efficiently manage enormous prescription loads. When pharmacy automation originally became popular, one of the few procedures available was pill counting. Automated drug dispensing systems, automated storage and retrieval systems, automated packaging and labeling systems, table-top tablet counters, and automated compounding devices are some of the more accessible automation technologies available today. Several technical advances have recently been created to enhance routine jobs and procedures conducted in a pharmacy or other healthcare settings.

Switching from Manual Methods to Pharmacy Automation System

Multiple procedures in the pharmacy system, such as pill counting, IV dose filling, drug administration, and so on, were done manually. Manual approach required a large number of people, extra time to complete the task, and mistakes were typical in these operations. However, when the benefits of pharmacy automation became evident, even traditionalist pharmacies began to make the changeover.

"New pharmacy automation systems are emerging to address the growing demand for medicine in the world. Technology has a key role to play. An advancement in digital technologies enables pharmacies to handle high prescription loads safely and efficiently."
- Vice President, Global Operations and Supply Chain, Pharmacy Automation Company, United States

North America is expected to have market dominance in pharmacy automation

Geographically, North America has the biggest market share in the pharmacy automation industry. Adoption of new automation technologies in hospitals and pharmacies, an increase in the need to reduce prescription and dispensing errors, the need to improve pharmacy efficiency and workflow management, and an increasing number of hospitals and healthcare laboratories in this region are expected to drive the pharmacy automation market.

Competitive Landscape Analysis of Pharmacy Automation Market

Becton Dickinson and Company, Omnicell Inc., KUKA AG, Baxter International Inc., and Capsa Healthcare
are the top competitors in the pharmacy automation market.

Companies Using Aggressive Growth Strategies to Increase Market Share
  • In May 2022, Deenova has announced the UK launch of their revolutionary Pay-Per-dosage unit dosage pharmacy automation solution.
  • In February 2022, Capsa Healthcare has announced the purchase of Humanscale Healthcare, a New York-based designer and manufacturer of flexible technology solutions and computer workstations.
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