What is the competitive landscape Meticulous Research® has recently published a comprehensive report titled “Pharmacy Automation Market by Product (Automated Medication Dispensing, Packaging & Labeling, Storage & Retrieval, Medication Compounding Systems, Table-top Counters, and Pharmacy Robots), End User (Retail, Hospital Pharmacies) - Global Forecast to 2030.” This report delves into the global pharmacy automation market, forecasting a compound annual growth rate (CAGR) of 7.6% from 2024 to reach $7.87 billion by 2030.



The market’s growth is driven by several factors, including the rise of artificial intelligence (AI) in pharmacy, the increasing focus on automation to cut labor costs, and the growing adoption of robotics technology. Technological innovations in this field, especially those aimed at minimizing medication errors, are also fueling market expansion. Additionally, the development of compact automated pharmacy systems and rising healthcare costs in emerging economies present significant opportunities for companies operating in the pharmacy automation market.

 

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However, some factors are expected to restrain growth, including stringent regulatory procedures and the high costs associated with implementing automation systems, leading to reluctance among some pharmacies to adopt these technologies.



Key Players

Some of the key players in the pharmacy automation market include Omnicell, Inc. (U.S.), ARxIUM, Inc. (U.S.), MCKESSON CORPORATION (U.S.), Swisslog Healthcare (Switzerland), RxSafe, LLC. (U.S.), Becton, Dickinson and Company (U.S.), Capsa Healthcare (U.S.), TOSHO Inc. (Japan), Medical Packaging Inc., LLC (U.S.), TouchPoint, Inc. (U.S.), Noritsu Pharmacy Automation (U.S.), Körber AG (Germany), and ScriptPro LLC (U.S.).

 

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Market Segmentation and Future Outlook

The pharmacy automation market is segmented by product types, including automated medication dispensing systems, automated packaging & labeling systems, automated storage & retrieval systems, and automated table-top tablet and capsule counters. End users are categorized into retail pharmacies, hospital pharmacies, and other end users. Furthermore, the market is analyzed on a regional and country level, providing a detailed overview of geographical trends.



Among the product categories, the automated medication dispensing systems segment is expected to dominate the market in 2024. This is due to the ability of these systems to reduce medication errors, increase safety and productivity, and provide more efficient access to medications, particularly in critical situations.

Retail pharmacies are projected to hold the largest market share among end users. The adoption of automation allows retail pharmacies to streamline operations, lower costs, and offer personalized medication packaging. This, in turn, leads to improved patient satisfaction and adherence to prescribed treatments.

 

Geographic Insights

The report covers major geographical markets, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is anticipated to lead the global pharmacy automation market in 2024, driven by the increasing adoption of automation technology, the rise of centralized pharmacies, and growing support from governments. The demand for personalized medication packaging further contributes to the region's dominance.

 

Check complete table of contents with list of table and figures:  https://www.meticulousresearch.com/product/pharmacy-automation-market-5700

 

Key questions answered in the report:

Which are the high-growth market segments in terms of product, end user, and geography?
What was the historical market for pharmacy automation across the globe?
What are the market forecasts and estimates for the period 2024–2030?
What are the major drivers, restraints, opportunities, and challenges in the pharmacy automation market?
Who are the major players in the pharmacy, and who are the market leaders in the pharmacy automation market?

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