Pharmacy Automation Market Size By Competitive Landscape, SWOT Analysis, Opportunities And Challenges, Growth By 2021-2027
Pharmacy Automation Market To Garner USD 6820.73 Million by 2025, Global Pharmacy Automation Market categorizes into Product Type, End-User, Region by Size, Share, Industry Updates

Pharmacy Automation Market Size By Competitive Landscape, SWOT Analysis, Opportunities And Challenges, Growth By 2021-2027

Pharmacy Automation Market Segmentation by Product Type: Automated Medication Dispensing Systems, Automated Packaging and Labeling Systems, Automated Table-top Counters, Automated Storage and Retrieval Systems; End-User: Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies - Global Forecast to 2027

Market Overview

Market Research Future (MRFR) analysed the Medical Robotics Market 2020 through the review period 2019 to 2025. The expansion of the pharmacy automation market can expand at 23.21% CAGR across the forecast period. By 2025, the pharmacy automation market value can value at USD 23,432 Million. COVID 19 analysis of the pharmacy automation market is offered along with the report.

The introduction of pharmacy automation is observed to boost dispensing process by eliminating human errors due to tedious nature of drug dispatch. This is observed to result in the inclination towards robust automation solutions by reputed and cash-rich pharmaceuticals. In addition, pharmacy start-ups are also incorporating automation technology to improve their performance that can explain the scale-up in the pharmacy automation market. Recently, the outbreak of pandemic have created huge scope for automation service and solution suppliers as human contact is required to be restricted. Thus, the market can expansion is likely due to the aforementioned factors.

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Market Segmentation

The segment assessment of the Global Medical Robotics Market are application, product, and end-user among others.

The product-based segments of the Global Medical Robotics Market are rehabilitation robotic systems, surgical robotic systems, noninvasive radiosurgery robotic systems, and hospital & pharmacy robotic systems among others.

The application-based segments of the global medical robotics market are neurosurgery, laparoscopy, cardiology, pharmacy, and orthopaedic surgery applications. The neurosurgery segment can win high profit for the market.

The end user-based segments of the global medical robotics market are specialty centers, hospitals and clinics, and rehabilitation centers among others. The increase in the adoption of medical robotics can favor the market growth.

Region Analysis

In the Americas, the pharmacy automation market expansion can be to the rise in the adoption of modern technologies across the developing healthcare sector. Hike in expenditure on healthcare and rise in the number of hospitals, along with increase in the number of healthcare laboratories can promote the expansion of the in the pharmacy automation market in the near future. The US. Market can rise at high pace, thereby is likely to lead the regional market. The region holds facilities that boost the viability of pharmacy automation systems. Thus, the availability of favorable conditions can support the regional market expansion in the near future.

In Europe, the pharmacy automation market can expand at decent pace owing to the presence of well-established pharmaceutical domain in the region. The increase in the adoption of modern medical technologies and rise in cases of chronic ailments created the need for robust pharmaceutical solution. This can favor the expansion of the regional pharmacy automation market across the study period.

In Asia Pacific, the pharmacy automation market is expected to be the fastest-growing regional market. The expansion of APAC pharmacy automation market can be attributed to hike in per capita disposable income and inclination of manufacturers towards automation systems across the healthcare industry. The expansion of the regional pharmaceutical industry can favor the market expansion in the near future. The high rate of pharmaceuticals export of APCA, especially by India, can bolster the regional market rise.

In Middle East and Africa, the pharmaceutical automation market can expand at steady pace as healthcare facilities are limited and developments are observed to happen at a steady pace.

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Key Players

Smith & Nephew (UK), ReWalk Robotics (US), Ekso Bionics (US), Intuitive Surgical (US), Stryker (US), Aethon (US), Mazor Robotics (Israel), Renishaw plc (UK), InTouch Technologies, Inc. (US), Medtech SA (France), Medrobotics Corporation (US), and McKesson Corporation (US) are some renowned companies that are operating in the worldwide medical robotics market that are recognised by MRFR

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