Global Pharmacy Automation Devices Market is Anticipated To Reach USD 11.6 Billion By 2032

The market for pharmacy automation devices will increase from USD 5.72 billion in 2022 to USD 11.60 billion by 2032. The demand for automated dispensers and sorting machines is driving the growth of the pharmacy automation equipment market. Investments in pharmacy equipment will significantly increase the market for pharmacy automation devices. During the projection period, North America will have the largest pharmacy automation devices market share.

The huge number of manufacturers producing advanced pharmacy automation devices that can be employed in industry-specific applications is one of the reasons fueling the growth of the regional pharmacy automation devices market. The rising prevalence of chronic diseases in the region creates profitable potential for pharmacy automation systems. Automated medicine storage and dispensing systems, automated tabletop counters, automated labeling and packaging systems, automated pharmaceutical compounding systems, and others are among the product types.

The category that comprises automated pharmaceutical storage and dispensing systems also includes automated dispensing cabinets, robotic automated dispensing systems, and carousels. During the projected period, the automated labeling and packaging systems segment is expected to grow. One efficient and time-saving approach of preventing label mismatches and maintaining package integrity is to automate the label verification and packaging processes. Inventory management, medicine storage, and drug packaging and dispensing are the application segments. During the forecast period, the inventory management category is expected to grow. Pharmacy automation technologies automate the entire prescription filling process, from stocking and billing to dispensing medications to patients. These gadgets enable pharmacies to manage medicine inventory, propose OTC drugs, automate drug delivery, and reduce error rates.