The Business Research Company’s Pharmacy Automation Solution Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Pharmacy Automation Solution Global Market Report 2023 evaluates pharmacy automation solution market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global pharmacy automation solution market is expected to grow from $6.45 billion in 2022 to $7.16 billion in 2023 at a compound annual growth rate (CAGR) of 11%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmacy automation solution market is expected to reach $10.73 billion in 2027 at a CAGR of 10.6%.
The rising demand for pharmaceuticals is expected to propel the growth of the pharmacy automation solution market going forward. Pharmaceuticals are drugs or medications that prevent, diagnose, treat, or cure diseases or medical conditions. The pharmaceutical industry uses pharmacy automation solutions for drug delivery systems, tablet compression and coating, and liquid dosing as automation in the manufacturing process. For instance, in June 2022, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a European trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $351 billion (€300,000 million) in 2021, with an increase of approximately 5% from $335.2 billion (€286,697 million) in 2020. Therefore, the rising demand for pharmaceuticals is driving the growth of the pharmacy automation solution market.
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The pharmacy automation solution market segments in the report are:
1) By Type: Automated Medication Dispensing, Automated Packaging And Labeling, Automated Storage And Retrieval, Automated Medication Compounding, Other Types
2) By Automation Mode: Fully-Automatic, Semi-Automatic
3) By Applications: Inpatient Pharmacy, Outpatient Pharmacy, Retail Pharmacy, Other Applications
The table of contents in TBRC’s pharmacy automation solution market report includes:
- Executive Summary
- Pharmacy Automation Solution Market Characteristics
- Pharmacy Automation Solution Market Trends And Strategies
- Pharmacy Automation Solution Market – Macro Economic Scenario
- Pharmacy Automation Solution Market Segmentation
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- Global Pharmacy Automation Solution Market Competitive Benchmarking
- Global Pharmacy Automation Solution Market Competitive Dashboard
- Key Mergers And Acquisitions In The Pharmacy Automation Solution Market
- Pharmacy Automation Solution Market Future Outlook and 36. Potential Analysis
- Appendix
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