Pharmacy Automation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW
Pharmacy stores have very complex structure of management and this needs to be managed so that it could be easy to handle the pharmacy with very minimum human power. Pharmacy automation makes the process of dispensing medicine very easy and time-efficient.

MARKET SCOPE
The "Global Pharmacy Automation Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Pharmacy Automation market with detailed market segmentation by roduct and end user. The report provides key statistics on the market status of the leading Pharmacy Automation market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

- Based on product the market is segmented as, centralized automation, decentralized automation, automated packaging and labeling, medication compounding, storage and retrieval, and other automation.
- Based on end user the market is segmented as, inpatient pharmacies, outpatient pharmacies, pharmacy management organizations, and retail pharmacies.

MARKET DYNAMICS
Drivers:

- Increasing medication dispensing time.
- Rising issues of pharmacists as manpower at the pharmacies.
- The increasing number of pharmacies at hospitals is expected to fuel the market.

Restraints:

- Whereas, high cost of pharmacy management is expected to restrain market growth during the forecast period.

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Pharmacy Automation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Pharmacy Automation market in these regions.

IMPACT OF COVID-19 ON PHARMACY AUTOMATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Pharmacy Automation Market Report Analysis

Pharmacy Automation Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Becton
• Dickinson
• Omnicell, Inc.
• Cerner Corporation
• Capsa Healthcare
• Parata Systems LLC
• Baxter International, Inc.
• Script Pro
• KUKA AG

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Centralized Automation
• Decentralized Automation
• Automated Packaging And Labelling
• Medication Compounding
• Storage And Retrieval
• Other Automation

By End User

• Inpatient Pharmacies
• Outpatient Pharmacies
• Pharmacy Management Organizations
• Retail Pharmacies

MARKET PLAYERS
The report covers key developments in the Pharmacy Automation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Pharmacy Automation market are anticipated to lucrative growth opportunities in the future with the rising demand for Pharmacy Automation in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Pharmacy Automation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BECTON
- DICKINSON
- OMNICELL, INC.
- CERNER CORPORATION
- CAPSA HEALTHCARE
- PARATA SYSTEMS LLC
- BAXTER INTERNATIONAL, INC.
- SCRIPT PRO
- KUKA AG
- TCGRX PHARMACY WORKFLOW SOLUTIONS
- RX SAFE
- TALYST SYSTEMS
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Pharmacy Automation Market Report Scope