Product ID: SQMIG35J2079
Global Pharmacy Automation Devices Market Size, Share, Growth Analysis, By Product(Medication Dispensing Systems, Robots/Robotic Automated Dispensing Systems), By End-User(Retail Pharmacy, Inpatient Pharmacies) - Industry Forecast 2024-2031
Report ID:
SQMIG35J2079 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
70 |
Figures:
75
Global Pharmacy Automation Devices Market Insights
Global Pharmacy Automation Devices Market size was valued at USD 5.6 Billion in 2022 and is poised to grow from USD 6.15 Billion in 2023 to USD 12.99 Billion by 2031, at a CAGR of 9.8% during the forecast period (2024-2031).
The pharmacy automation devices market has expanded significantly as a result of the rising need for precise and effective medication distribution systems. These gadgets are made to make many pharmacy procedures, like prescription filling, medicine packaging, inventory control, and dosage dispensing, more efficient. Pharmacy automation systems help to increase patient safety and save operational expenses for healthcare facilities by reducing human mistakes and improving workflow efficiency.
Robotics, barcode scanning, and integrated software solutions, among other technological developments, have accelerated the deployment of these devices. Some of the well-known market segments in this area include robotic prescription distribution systems, automated medicine cabinets, and pill counters. The growth of this market has been fueled by the emphasis on patient-centered care around the world and the requirement for accurate drug control in light of an aging population.
Additionally, the market has grown as a result of the continuous digitization in healthcare and the integration of electronic health records (EHRs) with pharmacy automation systems. While North America and Europe have historically held the majority of market share, Asia-Pacific and Latin America's growing nations are also seeing a rise in the use of pharmacy automation equipment as a result of improved healthcare infrastructure and awareness.
In conclusion, as healthcare providers work to improve patient safety, operational effectiveness, and drug management, the market for pharmacy automation devices is expected to grow. With technological advancements and the incorporation of smart solutions, the market is anticipated to continue growing.
US Pharmacy Automation Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Pharmacy Automation Devices Market Report Snapshots
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