Global Pharmacy Automation Industry to 2030 – Pharmacy Automation Organizations Seek New Business Opportunities by Increasing Presence in Emerging Markets – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Pharmaceutical Automation Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2022 to 2030” has been added to from ResearchAndMarkets.com offer.

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

Companies cited

  • Amerisource Bergen Corporation

  • Baxter International Inc.

  • CareFusion Corporation

  • Cerner Company

  • Health Robotics SRL

  • McKesson Corporation

  • Kirby Lester

  • Script Pro LLC

  • Yuyama Co.Ltd

  • Talyst Inc.

  • Swisslog Holding SA

The major factors driving the expansion of the market are the growing emphasis on automating tasks to reduce the cost of labor and increasing dispensing of specialty drugs.

In addition, organizations specializing in pharmacy automation are looking for new business opportunities by increasing their presence in emerging markets.

However, the expansion of this industry can be hampered by the high costs associated with deploying pharmacy automation systems as well as stringent regulations that lead to delays in product introduction. The retail pharmacy industry worldwide is undergoing a significant transformation following the introduction of pharmacy automation technologies, analytics, and software.

Not only has the industry been more profitable through automation, but it has also become much more efficient through automation. Thanks to automation, there has been a noticeable reduction in the amount of medicine thrown away; as a result, the cost of each dose has decreased. It also made it easier for pharmacists to control the workflow, allowing them to put more emphasis on satisfying their customers. In recent years, there has been a dramatic increase in annual spending on pharmaceuticals (prescription and over-the-counter treatments).

Increased focus on improving quality of care

Pharmacists in industrialized countries are practicing new methods that will improve the medication procedure in terms of safety and efficiency. It is possible that optimizing medication delivery through the use of automated medication delivery systems (ADS) could be beneficial in various hospital departments, including intensive care units. As the mundane tasks of preparing, dispensing, labeling and packaging pharmaceuticals are taken over by automated equipment in pharmacies, pharmacists can now devote more time to providing high-quality patient care. individual patients.

Significant role in eliminating medication errors

Medication errors and inaccuracies in the way medications are administered pose significant dangers to patients. These errors lead to the causality of deaths that could have been avoided in a hospital setting. According to the study’s findings, approximately 98,000 people lose their lives in hospitals due to preventable medical errors.

Need for high capital investments limits market expansion

A number of healthcare professionals and providers are reluctant to adopt or accept computer-based approaches to pharmacy administration, despite the advantages these techniques offer. This is particularly evident where cultural barriers are present, especially in developing economies where the economy is still relatively young.

As a result, many pharmacists are unsupportive and reluctant to include pharmacy automation technologies in their normal dispensing routine. The widespread adoption of the technology demonstrates that automated pharmacy systems offer significant benefits; however, until recently, only high-volume pharmacies and hospitals could justify the returns on investment (ROI) gained from installing these automated systems. Despite the fact that automated pharmacy systems offer significant benefits, the widespread adoption of technology continues to verify this.

Key questions answered by this report

  • What are the key micro and macro environmental factors impacting the growth of the Automated Pharmacy market?

  • What are the major investment pockets with respect to product segments and geographies currently and during the forecast period?

  • Estimated forecasts and market projections till 2030.

  • Which segment represents the fastest CAGR during the forecast period?

  • Which market segment has a larger market share and why?

  • Are low- and middle-income economies investing in the pharmacy automation market?

  • What is the largest regional market for the Pharmacy Automation market?

  • What are the market trends and dynamics in emerging markets such as Asia-Pacific, Latin America, Middle East and Africa?

  • What are the key trends driving the growth of the Automated Pharmacy Market?

  • Who are the major competitors and what are their key strategies to strengthen their presence in the global pharmacy automation market?

Main 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, (USD Million)

3.3. Market dynamics

3.3.1. Market factors

3.3.2. Market constraints

3.3.3. Main challenges

3.3.4. Key Opportunities

3.4. Impact analysis of drivers and constraints

3.5. Sawtooth analysis

3.6. Porter’s five-force 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 & EU pharmacy automation market, 2020-2030, USD (Million)

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

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

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

11. Company Profile

For more information about this report visit https://www.researchandmarkets.com/r/c5roxk

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