North America Pharmacy Automation Market Analysis

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North America Pharmacy Automation Market Analysis

  • Medical Devices
  • Apr 2024
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • Pharmacy automation, offering automated or digital dispensing and management of medications, are increasingly vital components of modern healthcare systems in both retail and hospital settings due to their enhanced efficiency, accuracy, and seamless integration with pharmacy information systems
  • The escalating demand for pharmacy automation is primarily fueled by the increasing need for error reduction in dispensing, growing labor costs in pharmacies, and a rising preference for the convenience of automated medication management
  • The U.S. is expected to dominate the North America pharmacy automation market with a share of 79.8%, driven by high adoption of advanced healthcare automation technologies, stringent regulatory focus on medication safety, and the strong presence of key industry players.
  • Mexico is expected to witness a significant compound annual growth rate (CAGR) of approximately 10.9% in the North America pharmacy automation devices market between 2024 and 2030. This growth is fueled by the increasing adoption of automated systems in healthcare settings, the need to streamline workflows, reduce medication errors, and manage the growing volume of prescriptions within Mexico's expanding pharmaceutical sector
  • The software segment is another significant and dominating segment within the North America pharmacy automation market with a market share of 32.3%. This includes pharmacy information systems (PIS), inventory management software, and software for medication dispensing and packaging. Efficient software is crucial for managing complex pharmacy operations, ensuring accuracy, and integrating various automated systems

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