Pharmacy Automation Market Poised for 10% Annual Growth on Technology and Safety Demands
• Global pharmacy automation market valued at $7.8 billion in 2023, expected to reach $12.7 billion by 2028 with a CAGR of 10.2%
• Growth driven by rising prescription volumes, demand for automated packaging/labeling solutions, reducing medication errors
• Technologies like AI, IoT, blockchain playing greater role in pharmacy automation and workflow
• Market segmentation by product type (dispensing/storage, packaging/labeling, software/logistics) and application (inpatient, outpatient pharmacy automation)
• Key players include BD, Baxter, Omnicell, KUKA AG; trends include integration of AI/RPA, automated telepharmacy and remote dispensing, blockchain applications