Pharmacy Automation Systems Market Growth and Forecast analysis by Region to 2025 | Million Insights


26th September: This Report Studies the Global Pharmacy Automation Systems Market size, industry status and forecast, competition landscape and growth opportunity. This Research Report categorizes the Global Pharmacy Automation Systems Industry by Companies, Region, Application, Type and end-use Industry.


The increasing demand for productivity, system integration, cost reduction, and increasing efficiency of work is expected to drive the Pharmacy automation systems market growth. Reducing medication errors, within the pharmacies thereby providing additional time to pharmacists for patient care is attributed as the major driving factor for the market growth over the forecast period.
Pharmacy automation system is a mechanical system that executes tasks without human interference in healthcare industry. Pharmacy automation system improves the efficiency of resource utilization and medication distribution by integrating different departments such as nursing, laboratory, medication records and imaging. These systems provide efficient care to the patients by preventing medical errors and adverse drug events by checking the correct dosage. Pharmacy automation is evolving as a sophisticated technology, and pharmacists need to be educated and trained in order to effectively monitor these automated systems.
The high demand and requirements for safety, accuracy, industry standards, coupled with competency in the pharmaceutical industry by manufacturers, healthcare professionals, regulatory authorities, and consumers is expected to play a significant role in growth of Pharmacy automation systems market. Increase in life expectancy, ageing population, and a significant paradigm shift from centralized to decentralized pharmacies. Moreover the need for reducing medication errors, by increasing the efficiency of work within the organization, thereby improving productivity, are attributed as the major reasons to encourage the development of the pharmacy automation market.
Pharmaceutical industry is expected to grow at a robust rate due the progression of better healthcare facilities and technologies. Proper administration of medicine should be carried out in order to measure its success rates. These systems are expected drive medication management, by providing right medication dose to the patient at appropriate time. This factor is expected to be a major challenge of healthcare management and can be overcome by adopting pharmacy automation systems.
North American is expected to be the largest market of the global pharmacy automation systems market on account of increasing demand for innovative products, presence of R& innovations and penetration of advance IT systems couples with reduction of medical errors and high healthcare regulations. Europe and Asia-Pacific are expected to witness higher growth rate over the forecast period owing to rise in population, increasing awareness of benefits in automation systems, need for enhanced and efficient healthcare facilities, risk free procedures and surgeries. In Asian countries including china and India, the aging population and increase in need for technologically innovative products by the healthcare facilities are expected to steer the market in this region.
The key players in the Pharmacy automation systems market are McKesson Corporation, Care Fusion Corp., AmerisourceBergen Corporation, TalystInc. Other industry participants include Kirby Lester, ScriptPro LLC, OmnicellInc, and Baxter International Inc. The global is expected to be highly competitive comprising of numerous market players and continuous innovations and developments of new products.   

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