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Pharmacy Automation Market Size
- Report ID: GMI7439
- Published Date: Nov 2023
- Report Format: PDF
Pharmacy Automation Market Size
Pharmacy Automation Market size was around USD 6.4 billion in 2022 and is anticipated to grow at 7.9% CAGR from 2023 to 2032. Pharmacy automation devices play a crucial role in averting product contamination and errors, thereby reducing liability risks and enhancing patient safety Also, the surge in global disease rate and the growing dependence on prescription drugs contribute to market expansion.
Similarly, in 2022, KFF's tracking poll revealed that 62% of Americans were using prescription medications between September and October 2021. This increased prescription pattern is fuelling the demand for automation technology to mitigate medication errors and expedite prescription dispensing.
Pharmacy automation refers to the use of technology and machinery to streamline and enhance various processes within a pharmacy, including medication dispensing, inventory management, and prescription filling. These systems aim to reduce errors, improve efficiency, and ensure patient safety. Also, this integration of technology in pharmaceutical settings especially in pharmaceutical packaging will optimize workflow, minimizes human intervention, and ultimately contributes to the accurate and timely delivery of medications to patients.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Pharmacy Automation Market Size in 2022: | USD 6.4 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.9% |
| 2032 Value Projection: | USD 13.6 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 406 |
| Segments covered: | Component, End-user, & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Pharmacy Automation Market Scope
