Global Pharmacy Automation Market is poised to grow at a decent rate of 8.5% by 2026

Pharmacy automation is defined as a mechanical system that performs operations involving the storage, packaging, dispensing, or distribution of medications while enabling control of the operation and electronic documentation of transactions. It enables pharmacies to streamline workflows and reduce the risk of errors.

Innovations in Advanced Pharmacy Technologies Drives the Pharmacy Automation Market

Innovations in digital technologies enables pharmacies to handle high prescription loads safely and efficiently. When pharmacy automation first became popular, pill counting was one of the only techniques available in the market. Nowadays, there are several more accessible automation machines available some of them include, automated medication dispensing systems, automated storage and retrieval systems, automated packaging and labeling systems, table-top tablet counters, and automated compounding devices. Recently, several technological developments have been made to improve the common tasks and processes performed in a pharmacy or other healthcare settings such as:

  • In March 2022, Capsa Healthcare announced an expansion to its suite of NexsysADC automated dispensing cabinets. NexsysADC can accommodate any size of controlled or high-value medications or supplies in two new sizes of Controlled Access Module Drawers.
  • In August 2021, Innovation Associates announced the launch of its Smart-Pod, a next-generation robot for central-fill pharmacy environments. Smart-Pod allows providers to adjust and scale their centralized fulfillment solutions to meet demands.

Switch towards Pharmacy Automation System Over Manual Methods

In the pharmacy system, multiple processes such as tablet counting, IV dosage fillings, medicine dispensing, etc. were done manually. The manual method used many workers, extra time in completion of the work, errors were common in these processes. But as the benefits offered by pharmacy automation grew clearer, even traditionalist pharmacies have started to make the switch. Automation increases a pharmacy’s efficiency while dramatically reducing its error rate. Also, the costs associated with automation continue to drop, and more pharmacies are realizing that they can’t afford to put off automation any longer.

Geographic Overview: North America Likely to Dominate the Pharmacy Automation Market

From a geographical perspective, North America holds the largest market share of the pharmacy automation market. Adoption of new automation technologies in hospitals and pharmacies, a rise in the need to reduce prescription & dispensing errors, the need for improving efficiency and management of workflow in the pharmacy, and an increasing number of hospitals and healthcare laboratories in this region are expected to drive the pharmacy automation market.

Competitive Landscape Analysis: Pharmacy Automation Market

The leading and emerging players operating in the pharmacy automation market are Becton Dickinson and Company, Omnicell Inc., KUKA AG, Baxter International Inc., Capsa Healthcare, among others.

Detailed Research Report on Pharmacy Automation Market @ https://meditechinsights.com/pharmacy-automation-market/

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