Pharmacy Automation Market

The global pharmacy automation market size was USD 5.4 Billion in 2022 and is expected to register a revenue CAGR of 9% during the forecast period. Increasing patient safety concerns and rising demand for medication inventory management and efficient and error-free medication dispensing operations are major factors driving market revenue growth. Revenue growth of the market for pharmacy automation is driven by rapid development of medical technology as well as rising use of Electronic Health Records (EHRs) and Electronic Prescription (e-Prescribing).

Rising demand for medications has increased the burden for healthcare professionals as a result of increasing prevalence of chronic diseases such as diabetes, cancer, and cardiovascular disorders. In order to decrease pharmaceutical errors, lessen burden, and enhance patient outcomes, healthcare companies are increasingly turning on pharmacy automation technologies. The demand for pharmacy automation systems is also being driven by the increased tendency of self-medication and the easier availability of over-the-counter medicines.

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