Home > Healthcare > Healthcare IT > Payer/Provider Solutions > Pharmacy Automation Market

Pharmacy Automation Market Trends

Report ID: GMI7439
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

Pharmacy Automation Market Trends

Growing advancement with focus on cutting-edge solutions to improve the patient experience with better and consistent care anticipates a positive factor driving the market progress. Each robot can process 300 prescriptions hourly, matching a typical daily output of a Walgreens pharmacy with minimal staff.
Similarly, pharmacy automation such as counting devices and scan-verification software, enhances accuracy, minimizes errors in prescription filling, and facilitates more frequent inventory checks. For instance, table-top counters swiftly and precisely count various tablets or capsules, especially beneficial for narcotics management and inventory counting, surpassing manual methods. Also, scan-verification devices go a step further, conducting comprehensive checks on medication dispensed, reducing errors, and enhancing safety.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Pharmacy automation industry was valued at USD 6.4 billion in 2022 and is projected to surpass USD 13.6 billion by 2032, driven by the surge in global disease rate and the growing dependence on prescription drugs.

The retail pharmacy segment is projected to witness a CAGR of over 7.3% through 2032, driven by the rising prescription volumes and the need for streamlined medication dispensing.

North America market held a revenue share of 48.6% in 2022 and is anticipated to grow robustly through 2032 driven by technological advancements, widespread adoption of automation solutions, and growing venture fundings.

Becton Dickson and Company, Omnicell Inc., Baxter International Inc., Capsa Healthcare, Yuyama Co Ltd., Medictech Pharmacy Management Solutions, Mckesson Corporation, Touchpoint Medical Solutions, Tension Corporations, are some of the major industry contenders.