The size of the pharmacy automation system market in North America is forecasted to grow from USD 2.05 billion in 2023 to 3.00 billion by 2028, showcasing a CAGR of 7.9% from 2023 to 2028. It captures 45% of the global market.
In pharmacy automation, technological breakthroughs in the field of automation, especially software, play a critical role. Software is necessary for patient data management and storage, information interoperability between healthcare professionals and patients, workflow management, and the systems delivering medication. Electronic health records (EHR) are employed in conjunction with workflow management systems and robotic equipment to achieve pharmacy automation.
The introduction of advanced robots, the rising incidence of chronic diseases, particularly cancer, increased awareness of medical errors, and a paradigm shift toward automation are the primary drivers driving the market demand during the forecast period.
The use of modern robots in various industries is growing the demand for pharmacy automation year after year. Furthermore, with a growing inclination for automating the pharmaceutical storage and dispensing procedure, the demand for pharmacy automation has increased. In order to prevent the virus from spreading, healthcare facilities and pharmacies favor automated methods. Additionally, there has been an increase in the need for prescription pharmaceuticals, which has created an opportunity to modify pharmacy automation systems to minimize infection rates.
However, some healthcare providers and professionals are hesitant to use or accept any IT-based pharmacy management system. This is especially true when there are cultural barriers to overcome, as well as in growing economies. Regulatory approvals are based on the class to which a device belongs, and they can differ from one country to the next. Several state boards of pharmacies, which are responsible for the regulation and management of pharmacy practice and the licensing of pharmacists in the state, have varied rules for the use of automated dispensing devices (ADDs) in healthcare professions.
This research report on the North American pharmacy automation systems market has been segmented and sub-segmented into the following categories:
By Product:
By End User:
By Country:
Geographically, the North American region is currently playing a significant role in the global pharmacy automation systems market and is forecasted to dominate throughout the forecast period due to a growth in the incidence of various chronic conditions and the growing number of patients across North America. In addition, during the current epidemic, there has been a surge in demand for medication and treatments that are free of cross-contamination and errors. As a result, all of these reasons have aided in increasing demand for these systems.
The United States and Canada are experiencing rapid and competitive expansion in North America. As a result of the growing senior population and rising healthcare costs. The provision of a significant portion of healthcare spending to assisted living homes and hospitals to distribute medicines to the elderly can stimulate market demand.
KEY MARKET PLAYERS:
Companies playing a pivotal role in the North American pharmacy automation system market and profiled in this report are Becton, Dickinson, and Company (U.S.), Omnicell, Baxter International, Inc. (U.S.), ScriptPro LLC (U.S.), KUKA AG (Germany), TCGRx Pharmacy Workflow Solutions (U.S.), RxSafe, Inc. (U.S.), Cerner Corporation (U.S.), Capsa Healthcare (U.S.), Parata Systems LLC (U.S), LLC (U.S.), ARxIUM Inc. (U.S.) and Talyst Systems LLC. (U.S.).
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