PUBLISHER: Market Research Future | PRODUCT CODE: 1477954
PUBLISHER: Market Research Future | PRODUCT CODE: 1477954
Pharmacy automation refers to the use of technology and automated systems to perform various tasks and processes within a pharmacy setting. These technologies are designed to streamline and optimize the workflow in pharmacies, enhancing efficiency, accuracy, and overall patient care.
Increasing incidences of chronic diseases and increasing investment to bring technologically based solution in the region are the major factors driving the growth of the North America pharmacy automation market. However, the high initial investment to set up pharmacy automation is expected to hamper the growth of the regional market. Nevertheless, a growing geriatric population is anticipated to create lucrative opportunities for the market.
Based on product, the pharmacy automation market has been segmented into medication dispensing systems, packaging and labelling systems, Rx undercounter units, automated medication compounding systems, and others.
Based on end use, the market has been segmented into retail pharmacy, inpatient pharmacies, outpatient pharmacies, and pharmacy benefit management organizations and mail-order pharmacies.
Based on region, the North America pharmacy automation market has been segmented into US, Canada, and Mexico. The US accounted for the largest market share of 81.45% in 2022 and is anticipated to reach approximately USD 5,388.25 million by 2032 at an 7.60% CAGR during the forecast period. However, Canada is projected to grow at the highest CAGR of 9.04% during the forecast period.
The key market players are Baxter, Omnicell Inc, McKesson Corporation, Becton, Dickinson and Company, Capsa Healthcare, ScriptPro LLC, Swisslog Healthcare, Pearson Medical Technologies.