The "Pharmacy Automation: Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.
The Global Pharmacy Automation Market was valued at USD 7.8 Billion in 2023, and is expected to reach USD 12.7 Billion by 2028, rising at a CAGR of 10.20%.
This report is designed to be a helpful business tool that will provide a thorough evaluation of the global pharmacy automation market. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of segments and regions. In this report, the market has been segmented based on product type, application and region.
Automation has become increasingly important in various industries, including pharmacy. By automating tasks and processes, pharmacies can improve accuracy, efficiency and inventory management. Called "pharmacy automation," this technology helps to reduce errors and streamline the entire workflow, from prescription intake to medication dispensing.
Technological Advancements and Applications
The use of technologies such as artificial intelligence (AI), the internet of things (IoT), Bluetooth and cloud computing is becoming more important in the field of pharmacy. These technologies allow for the transmission of data between digital devices, and they can be used in drug discovery, computer programs, dosage form design, poly-pharmacology and hospital pharmacy.
AI programs and IoT devices can help pharmacists with such tasks as monitoring medication adherence and predicting demand for specific medications. The use of RFID tags, barcodes and biometrics in pharmacy automation equipment has also increased, making processes more efficient and customizable. Drug-dispensing cabinets are now commonly used in outpatient and inpatient pharmacies.
Market Dynamics and Growth Factors
Growth is driven by such factors as rising prescription volumes, demand for automated packaging and labeling solutions, and the continuous need to reduce medication errors. Increasing global healthcare expenditures are also boosting the pharmacy automation market growth.
Report Includes
Company Profiles
Key Attributes:
Report Attribute | Details |
No. of Pages | 157 |
Forecast Period | 2023 - 2028 |
Estimated Market Value (USD) in 2023 | $7.8 Billion |
Forecasted Market Value (USD) by 2028 | $12.7 Billion |
Compound Annual Growth Rate | 10.2% |
Regions Covered | Global |
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 Market Overview
Chapter 3 Market Dynamics
Chapter 4 Emerging Technologies and Developments
Chapter 5 Market Segmentation Analysis
Chapter 6 Competitive Intelligence
Chapter 7 Sustainability in Pharmacy Automation Industry: ESG Perspective
Chapter 8 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/mt70c7
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