Since the COVID-19 pandemic, the pharmaceutical industry began to see more reasons to reduce handling errors and boost service delivery. After years of research and development, pharmacy automation was the answer. Pharmacy automation involves the automated processes of distributing, sorting, packaging, and counting prescription medications. It serves various purposes in a pharmacy, like increasing efficiency, lowering labor costs, and enhancing accuracy. Automation helps prevent errors like missing medication or patient information, dispensing formulations, prescription errors, tracking therapy, incorrect labeling and others that can occur during the manual process. This system is crucial for improving healthcare services and patient safety by reducing prescription errors and minimizing issues with storage, inventory, and retrieval.
Here we'll explore key market players and trends in pharmacy automation, along with emerging startups and frequently asked questions in the field.
The global pharmacy automation market is experiencing substantial growth, driven by increasing prescription volumes, a rising demand for automated packaging and labeling solutions, and a continuous need to minimize medication errors. According to BCC Research, the market size is expected to grow from $7.8 billion in 2023 to $12.7 billion by 2028, representing a compound annual growth rate (CAGR) of 10.2% during the forecast period.