The global pharmacy automation market size is expected to reach USD 10.4 billion by 2030, according to a new study by Polaris Market Research. The report “Pharmacy Automation Market Share, Size, Trends, Industry Analysis Report, By Product (Automated Medication Dispensing, Automated Packaging, Automated Tabletop Counters, and others); By End-Use; By Automation Mode; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing adoption of automated and newly developed robots in the manufacturing process of pharmaceutical industries, continuously rising investments, and a rapid surge in the digitized automated environment are major key factors favoring the market. Furthermore, an increasing number of businesses developing strategies opted by key market players like acquisition, strategic alliances, and new technology developments are also likely to have a positive impact on the adoption of pharmacy automation exponentially in the coming years.
For instance, in February 2022, Capsa Healthcare, US, announced that the company had acquired Humanscale Healthcare, the U.S.-based technology solutions provider and computing workstation services. With this acquisition, the company will expand its capabilities to provide ergonomically tailored computing solutions to several healthcare providers across the globe.
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Furthermore, much faster prescription processing, lower pharmacy costs, and reduced inventory problems are a few other beneficial features and factors which are expected to have a positive impact on the growth and expansion of the global market. The latest products and devices introduced by major manufacturers across the world are highly innovative and come with several types of advanced processing and operating features that have paved the way for the extensive growth and adoption of these systems in hospitals, among others.
The rapid increase in global geriatric population, growing prevalence of several types of chronic disorders, and high hospitalization rates are some factors that resulted in a high burden on hospitals. Thus, the global market will likely witness significant growth over the coming years. Furthermore, a continuously growing number of chain pharmacies and the increasing popularity of artificial intelligence in many well-developed countries across the globe such as Japan, France, Germany, United States, and Canada are augmenting the demand and adoption for automated pharmacy systems extensively.
Pharmacy Automation Market Report Highlights
Polaris Market Research has segmented the pharmacy automation market report based on product, end-use, automation mode, and region:
Pharmacy Automation, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Pharmacy Automation, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Pharmacy Automation, Automation Mode Outlook (Revenue - USD Billion, 2018 - 2030)
Pharmacy Automation, Regional Outlook (Revenue - USD Billion, 2018 - 2030)