5 Major Insights Into The Pharmacy Automation Solution Market Report 2023
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The Business Research Company’s Pharmacy Automation Solution Global Market Report 2023 offers crucial insights into the pharmacy automation Solution market help businesses analyse and build stronger strategies.
The global pharmacy automation solution market is poised for significant growth, with a projected increase from $6.45 billion in 2022 to $7.16 billion in 2023, reflecting a robust Compound Annual Growth Rate (CAGR) of 11%. This momentum is expected to persist, culminating in a market value of $10.73 billion in 2027, propelled by a CAGR of 10.6%.
- Automating Healthcare: Pharmacy automation solutions are becoming integral to the pharmaceutical industry, streamlining processes and enhancing efficiency.
Catalyst for Growth: Rising Demand for Pharmaceuticals
The pharmacy automation solution market is witnessing a surge in demand, fueled by the ever-growing need for pharmaceuticals globally. Pharmaceuticals, comprising drugs or medications designed to prevent, diagnose, treat, or cure diseases, are at the forefront of the healthcare landscape. Automation solutions play a pivotal role in pharmaceutical manufacturing, encompassing drug delivery systems, tablet compression and coating, and liquid dosing.
- European Pharmaceutical Production: The European pharmaceutical production witnessed substantial growth, reaching $351 billion (€300,000 million) in 2021, a 5% increase from $335.2 billion (€286,697 million) in 2020.
- Automation in Manufacturing: Pharmacy automation solutions are actively used to enhance manufacturing processes, contributing to the efficiency and precision of drug production.
Industry Titans: Key Players Shaping the Market
The pharmacy automation solution market is shaped by major players committed to advancing healthcare automation. Companies such as McKesson Corporation, Cerner Corporation, and Omnicell Inc. are pivotal in steering the industry forward.
- Market Leadership: Key players hold strategic positions, contributing significantly to the growth and development of pharmacy automation solutions.
Pioneering Progress: Product Innovations
Innovations in product development are a driving force in the pharmacy automation solution market. Companies are dedicating efforts to introducing cutting-edge solutions, exemplified by Deenova Srl’s recent launch of the EAHP D3 innovative addition product. This includes AIDE-Cut, AIDE-Pack, and AIDE-Pick, revolutionizing pharmacy automation with mechatronic systems for packing oral solid pharmaceuticals, repackaging various pharmaceutical types, and centralized therapy preparation.
- Deenova’s Breakthrough: A suite of solutions including AIDE-Cut, AIDE-Pack, and AIDE-Pick signifies a leap in pharmacy automation, ensuring precision and efficiency.
- Data Matrix Code Integration: Each unit dose is identified by a data matrix code, encapsulating vital information such as batch and expiration dates, serialization number, and medication code.
Market Dynamics: Segmenting for Diverse Applications
Understanding the diverse needs within the healthcare landscape, the pharmacy automation solution market is segmented across key parameters. Segments encompass various types of automation, modes, and applications, offering tailored solutions for different healthcare settings.
- Type Segmentation:
- Automated Medication Dispensing
- Automated Packaging and Labeling
- Automated Storage and Retrieval
- Automated Medication Compounding
- Other Types
- Automation Mode Segmentation:
- Applications Segmentation:
- Inpatient Pharmacy
- Outpatient Pharmacy
- Retail Pharmacy
- Other Applications
Asia-Pacific at the Helm: Regional Leadership
In 2022, Asia-Pacific emerged as the largest region in the pharmacy automation solution market, underscoring the region’s commitment to advancing healthcare technologies and automation solutions.
- Technological Advancements in Asia-Pacific: The region leads in the adoption of pharmacy automation solutions, contributing significantly to market growth.
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The Pharmacy Automation Solution Global Market Report 2023 provides a comprehensive outlook of the pharmacy automation Solution market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pharmacy automation Solution market forecast offers a thorough analysis on pharmacy automation Solution market size, pharmacy automation Solution market share, prominent players and their strategies.
The Table Of Content For The Pharmacy Automation Solution Market Include:
1. Pharmacy Automation Solution Market Executive Summary
2. Pharmacy Automation Solution Market Segments
3. Pharmacy Automation Solution Market Size And Pharmacy Automation Solution Market Growth Rate
4. Key Pharmacy Automation Solution Market Trends
5. Major Pharmacy Automation Solution Market Drivers
25. Key Mergers And Acquisitions In The Pharmacy Automation Solution Market
26. Top Pharmacy Automation Solution Companies
27. Pharmacy Automation Solution Market Opportunities And Strategies
28. Pharmacy Automation Solution Market, Conclusions And Recommendations
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