Global Pharmacy Automation Industry to 2030: Organizations Specializing in Pharmacy Automation Seek New Business Prospects by Increasing Their Presence in Emerging Markets – ResearchAndMarkets.com | Nation/World

DUBLIN–(BUSINESS WIRE)–November 24, 2022–

The “Pharmacy Automation Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies, and Forecasts, 2022 to 2030” report has been added to ResearchAndMarkets.com’s offering.

The pharmacy automation market is expected to grow at a CAGR of 10% during the forecast period of 2022 to 2030.
Mentioned companies

  • Amerisource Bergen Corporation
  • Baxter International Inc.
  • CareFusion Corporation
  • Cerner Corporation
  • Robotic Health SRL
  • McKesson Corporation
  • kirby lester
  • ScriptPro LLC
  • Yuyama Co.Ltd.
  • Talyst Inc.
  • Swisslog Holding Ltd.

The main factors driving the expansion in the market are an increasing emphasis on automating tasks to reduce the cost of labor and an increase in the dispensing of specialty drugs.

In addition, organizations that specialize in pharmacy automation are seeking new business prospects by increasing their presence in emerging markets.

However, the expansion of this industry can be hampered by the high costs associated with implementing pharmacy automation systems, as well as rigorous regulations that cause delays in product introductions. The retail pharmaceutical industry worldwide is undergoing significant transformation as a result of the introduction of pharmacy automation technologies, analytics and software.

The industry has not only been more profitable as a result of automation, but it has also become significantly more efficient as a result of automation. Due to automation, there has been a measurable reduction in the amount of drugs thrown away; as a result, the cost of each dose has decreased. It has also made it easier for pharmacists to control the workflow, allowing them to place a greater emphasis on customer satisfaction. In recent years, there has been a meteoric rise in annual spending on pharmaceuticals (prescription and over-the-counter treatments).

Increased focus on improving quality care

Pharmacists in industrialized countries are implementing new ways that will improve drug processing in terms of both their safety and efficacy. Optimizing drug dispensing with the use of automated drug dispensing systems (ADS) may be beneficial in a variety of hospital departments, including intensive care units. With the mundane tasks of compounding, dispensing, labeling, and packaging pharmaceuticals being handled by automated equipment in pharmacies, pharmacists can now spend more time providing high-quality care to individual patients.

Significant role in eliminating drug errors

Medication errors and inaccuracies in the way drugs are administered pose significant dangers to patients. These errors lead to causation of deaths that may have been prevented in a hospital setting. According to the study findings, around 98,000 people lose their lives in hospitals due to preventable medical errors.

Need for high capital investment limits the expansion of the market

Several professionals and providers in the healthcare industry are hesitant to adopt or accept IT-based approaches to pharmacy management, despite the benefits these techniques offer. This is especially clear where cultural barriers exist, especially in developing economies where the economy is still relatively young.

As a consequence of this, many pharmacists do not want help and are hesitant to include pharmacy automation technologies in their normal dispensing routine. Widespread technology adoption shows that automated pharmacy systems offer significant benefits; however, until recently, only high-volume pharmacies and hospitals could justify the return on investment (ROI) gained by installing these automated systems. Although automated pharmacy systems offer significant benefits, the widespread adoption of technology continues to prove it.

Key questions answered in this report

  • What are the key micro and macro environmental factors that are affecting the growth of the Pharmacy Automation market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment represents the fastest CAGR during the forecast period?
  • Which market segment has the largest market share and why?
  • Are low and middle income economies investing in the Pharmacy Automation market?
  • Which is the largest regional market for the Pharmacy Automation Market?
  • What are the market trends and dynamics in emerging markets like Asia Pacific, Latin America, and the Middle East and Africa?
  • What are the key trends driving the growth of the Pharmacy Automation market?
  • Who are the key competitors and what are their key strategies to improve their presence in the global Pharmacy Automation market?

Key topics covered:

1. Preface

2. Executive summary

3. Pharmacy Automation Market: Business Outlook and Market Dynamics

3.1. Introduction

3.2. Global Pharmacy Automation Market Value, 2020 – 2030, (Million US$)

3.3. Market dynamics

3.3.1. market indicators

3.3.2. Market restrictions

3.3.3. key challenges

3.3.4. key opportunities

3.4. Impact analysis of drivers and restrictions

3.5. seesaw analysis

3.6. Porter’s Five Forces Model

3.7. PESTEL analysis

4. Pharmacy Automation Market: By Product Type, 2020-2030, USD (Million)

5. Pharmacy Automation Market: By End Use, 2020-2030, USD (Million)

6. North America Pharmacy Automation Market, 2020-2030, USD (Million)

7. UK and EU Pharmacy Automation Market, 2020-2030, USD (Millions)

8. Asia Pacific Pharmacy Automation Market, 2020-2030, USD (Million)

9. Latin America Pharmacy Automation Market, 2020-2030, USD (Millions)

10. Middle East and Africa Pharmacy Automation Market, 2020-2030, USD (Million)

11. Company profile

For more information on this report, please visit https://www.researchandmarkets.com/r/c5roxk

See the source version at businesswire.com: https://www.businesswire.com/news/home/20221124005187/en/

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KEYWORD:

INDUSTRY KEYWORD: HEALTHCARE TECHNOLOGY HEALTHCARE PHARMACEUTICAL

SOURCE: Investigation and Markets

Copyright Business Wire 2022.

PUB: 11/24/2022 07:39/DISC: 11/24/2022 07:39

http://www.businesswire.com/news/home/20221124005187/en

Global Pharmacy Automation Industry to 2030: Organizations Specializing in Pharmacy Automation Seek New Business Prospects by Increasing Their Presence in Emerging Markets – ResearchAndMarkets.com | Nation/World

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