Pharmacy Automation Market Size, Growth Analysis, Future Scope and Forecast Report 2020-2027

Global Pharmacy Automation Market was valued at USD 4.2 billion in 2019 which is expected to reach USD 8.38 billion by 2027 at a CAGR 8.5%.

Pharmacy automation system is centralized or decentralized automated packaging, labeling, dispensing, and other systems which is used to reduce dispensing errors, and improvement of workflow efficiency of pharmacies and hospital nursing staff. Pharmacy automation plays an important role in modern healthcare.

Request Sample Copy of this Report @ https://qualiketresearch.com/request-sample/Pharmacy-Automation-Market/request-sample

Market Drivers

Increase in demand for pharmacy automation to reduce medication errors is the key driving factor which is expected to drive global pharmacy automation market growth. Furthermore, continuous technological advancement and development of automated system with improved pharmacy automation is expected to propel the global pharmacy automation market growth. Moreover, increase in technological advancements is expected to fuel the global pharmacy automation market growth. For instance, in 2015, Becton, Dickinson and Company had launched Cato Medication workflow software with camera based visual documentation hardware, which offers Visual documentation of IV, Vial, Syringe, Container, and information during every gravimetric step.

Market Restraints

However, high cost of pharmacy automation is the main restraining factor which is expected to hamper global pharmacy automation system market growth. Also, stringent regulatory procedures will affect the growth of global pharmacy automation market growth.

Market Segmentation

Global Pharmacy Automation Market is segmented into type such as Tabletop Tablet Counters, Automated packaging & Labeling System, Automated Storage & Retrieval Systems, Automated Medication Dispensing System, and Others, by application such as Drug Storage, Inventory Management, and Drug Dispensing & Packaging. Further, Global Pharmacy Automation Market is segmented into end user such as Retail Pharmacies, Online Pharmacies, and Others.

Also, Global Pharmacy Automation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Browse Full Research Report @ https://qualiketresearch.com/reports-details/Pharmacy-Automation-Market

Market Taxonomy

By Type

Tabletop Tablet Counters
Automated packaging & Labeling System
Automated Storage & Retrieval Systems
Automated Medication Dispensing System
Others

By Application

Drug Storage
Inventory Management
Drug Dispensing & Packaging

By End User

Retail Pharmacies
Online Pharmacies
Others

By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Us:-

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.