The term "pharmacy automation" describes the application of technology and robots to various procedures within the pharmacy environment in order to improve and streamline them. It includes a variety of solutions, including robotic prescription filling, automated dispensing systems, inventory control systems, and systems for packaging medications. When it comes to accuracy, efficiency, patient safety, and medication adherence, pharmacy automation attempts to do so while minimizing mistakes and manual labor. Pharmacies may optimize processes, increase medication safety, and boost operational effectiveness by automating tasks including prescription dispensing, inventory control, and medicine packing. It is crucial in helping healthcare workers provide high-quality care and fulfill the escalating needs of the sector.
According to SPER Market Research, ‘North America Pharmacy Automation Market Size- By Product, By Pharmacy Type, By Pharmacy Size, By Application, End User, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the North America Pharmacy Automation Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.
The North America Pharmacy Automation market is predicted to expand significantly due to several important factors. Automation can help pharmacies save a lot of money by lowering labour costs and eliminating pharmaceutical waste. Pharmacies can maximize staffing levels, direct staff to higher-value duties, and save operational costs due to mistakes and inefficiencies by automating formerly manual tasks. It is getting more and more crucial to integrate pharmacy automation systems with electronic health record (EHR) platforms and other healthcare IT systems. Better medication management, patient care coordination, and medication reconciliation are made possible by seamless data interchange and interoperability, which encourages the use of automation solutions.
However, the North America pharmacy automation market has additional difficulties that could limit its development and uptake. Independent community pharmacies and huge hospital-based pharmacies are just a few examples of the various shapes and locations that pharmacies can take. Flexible automation systems that can adapt to changes in workflow, physical limits, and operational needs are necessary due to the different infrastructure needs and operating requirements of these settings.
Impact of COVID-19 on North America Pharmacy Automation Market
The North American pharmacy automation market has been greatly impacted by the COVID-19 epidemic. The use of automation technologies has been sparked by the rise in demand for pharmacy services, the focus on contactless transactions, and enhanced pharmaceutical safety. The pandemic increased demand for remote pharmacy services and brought attention to the need for automation in mail-order and tele-pharmacy pharmacies. Pharmacy businesses invested in automation technologies for better tracking and supply chain efficiency in response to inventory management challenges. Pharmacy automation supported pharmacies in handling increasing prescription volumes and guaranteeing continuity of patient care during the epidemic, helping to maintain operational efficiency and resilience. Overall, the pandemic hastened the adoption of pharmacy automation, influencing industry development and highlighting the technology's significance in healthcare settings.
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North America Pharmacy Automation Market Key Players:
Furthermore, due to the significant presence of important entities in the region, the U.S. is anticipated to dominate the North American continent. The expanding requirement to reduce pharmaceutical errors is also anticipated to fuel market expansion. In addition, some of the market key players are AmerisourceBergen Corporation, McKesson Corporation, MedAvail Technologies, Inc., Omnicell, Inc., Universal Logistics Holdings, Inc.
North America Pharmacy Automation Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product: Based on the Product, North America Pharmacy Automation Market is segmented as; Services, Software, System.
By Pharmacy Type: Based on the Pharmacy Type, North America Pharmacy Automation Market is segmented as; Chain, Federal, Independent.
By Pharmacy Size: Based on the Pharmacy Size, North America Pharmacy Automation Market is segmented as; Large Size Pharmacy, Medium Size Pharmacy, Small Size Pharmacy.
By Application: Based on the Application, North America Pharmacy Automation Market is segmented as; Drug Dispensing and Packaging, Drug Storage, Inventory Management.
By End User: Based on the End User, North America Pharmacy Automation Market is segmented as; Central Fill/Mail Order Pharmacies, Inpatient Pharmacies, Online Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations, Retail Pharmacies, Others.
By Distribution Channel: Based on the Distribution Channel, North America Pharmacy Automation Market is segmented as; Direct Tender, Third Party Distributor.
By Region: This report also provides the data for key regional segments of Canada, Mexico, United States and rest of North America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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North America Pharmacy Automation Market Future Growth
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