The global Pharmacy Automation System Market generated $5.00 billion in 2020, and is projected to reach $11.21 billion by 2030, registering a CAGR of 8.3% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Significant surge in geriatric population across the globe, rise in need to decline medication errors, rise in work cost, and increase in need for enhanced productivity with the help of automated systems are expected to drive the growth of the global pharmacy automation system market. In addition, significant improvement in healthcare infrastructure in emerging countries is expected to create ample opportunities in the industry. Contrarily, high capital investment and stringent guidelines restrain the market growth.
COVID-19 Scenario
- The outbreak of COVID-19 has had a positive impact on the growth of the global pharmacy automation system market, owing to significant surge in the number of coronavirus cases across the globe. Thus, surge in patients around the world had a remarkable impact on the market, creating a rapid demand for medications across the globe.
- In addition, the demand for automation systems grew exponentially due to the shortages of staff.
The report offers a detailed segmentation of the global pharmacy automation system market based on product type, end-user and region.
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Based on product type, the automated medication dispensing systems segment generated the highest market share in 2020, garnering nearly half of the global market. The automated packaging and labelling systems segment is expected to cite to fastest CAGR of 10.3% during the forecast period.
Based on end-user, the hospital pharmacy segment held the majority share in 2020, accounting to more than half of the global market. The retail pharmacy segment, on the other hand is expected to exhibit the fastest CAGR of 8.6% during the forecast period.
Based on region, the market across North America held the lion’s share in 2020, garnering more than two-fifths of the global market. The Asia-Pacific, on the other hand, is expected to cite the fastest CAGR of 10.4% during the forecast period.
The key market players analyzed in the global pharmacy automation system market report include Cerner Corporation, Capsa Healthcare, Omnicell Inc., RX Safe, Scriptpro Llc, Parata, Lonza, Baxter, Danaher, and Becton, Dickinson and Company.
