/PRNewswire/ The "Global Pharmacy Automation Market: Analysis by Product, End-user, Region, Size and Trends with Impact of COVID-19 and Forecast up to 2028".
Global Pharmacy Automation Market is valued at USD 5565.82 Million in the year 2022 and is forecasted to reach a value of USD 9707.06 Million by the year 2030.
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The pharmacy automation equipment market was valued at US$ 4,984.70 million in 2020 and is projected to reach US$ 9,195.36 million by 2028; it is expected to grow at a CAGR of 8.0% from 2021 to 2028.
Increasing errors in medication and growing demand for healthcare services are among the major factors fueling the market growth. Moreover, technological developments and integration of artificial intelligence (AI) are expected to foster the market growth during the forecast period. However, the problems associated with automated dispensing systems such as regular software update and high system maintenance requirements hinder the growth of the pharmacy automation equipment market. Additionally, APAC countries are witnessing rise in the demand for pharmacy automation equipment products. The Indian pharmaceutical industry is likely to expedite the adoption of digitization and automation in manufacturing and supp