Dublin, Feb. 12, 2024 (GLOBE NEWSWIRE) -- The "Central Fill Pharmacy Automation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
As healthcare demands and prescription volumes rise globally, the Global Central Fill Pharmacy Automation Market takes center stage in enhancing pharmaceutical operations' efficiency and accuracy.
The integration of advanced technologies, including robotics, artificial intelligence (AI), and machine learning, is propelling this market towards notable growth, projected at a CAGR of 9.58% through 2028. According to an exhaustive market study, the sector valued at USD 658.52 million in 2022, is experiencing a significant transformation and is poised for continued expansion in the coming years.
Key Drivers Behind Accelerating Market Progress
Central Fill Pharmacy Automation systems are rapidly being adopted due to the need for scalable prescription processing mechanisms capable of serving the growing medication requirements fuelled by an aging population and the rise of chronic diseases. The undeniable benefits of these automated systems not only lie in their operational efficiencies but also in their capacity to enhance patient safety and adhere to strict regulatory standards.
Equipment Segment and North American Market Leading Charge
The Equipment sector stands as a formidable segment within this market, primarily driven by the relentless pursuit of innovation and enhanced prescription filling accuracy. North America, with its robust healthcare infrastructure and emphasis on healthcare innovation, continues to be at the forefront of this market, showcasing the highest adoption rates of Central Fill Pharmacy Automation.
Integration with Pharmacy Management Systems: A Catalyst for Growth
A seamless integration of automation systems with Pharmacy Management Systems (PMS) is instrumental in pushing the boundaries of what is possible in Central Fill Pharmacy Automation. This synergy not only streamlines workflows but also ensures precision in medication inventory control, reducing dispensing errors and amplifying patient safety through regulatory compliance.
Technological Advancements Shaping the Future
Technological advancements are leading the charge in redefining Central Fill Pharmacy Automation. Innovations in remote monitoring, AI, and automated packaging systems are driving significant improvements in operational efficiency and patient-centric care. These advancements enable pharmacies to expand their service capacity while ensuring medications are accurately and safely dispensed.
Segmental Insights Highlight Equipment and Vendor Collaboration
The market's success is further segmented by the collaborative efforts of equipment vendors who are integral in customizing solutions to meet diverse pharmacy needs. Through research and development, equipment vendors contribute to the market's dynamism by providing automation solutions that ensure efficiency and adaptability across various pharmacy settings, from small-scale operations to large healthcare networks.
Transitioning to a more efficient and error-free pharmaceutical dispensing process, the Global Central Fill Pharmacy Automation Market is a game-changer for healthcare providers worldwide. The benefits of automated central fill systems echo throughout the industry, leading to economies of scale, cost-saving opportunities, and a much-needed focus on patient-centered healthcare.
Report Scope:
In this report, the Global Central Fill Pharmacy Automation Market has been segmented into the following categories:
Central Fill Pharmacy Automation Market, By Product and Service:
- Equipment
- Software
- Services
Central Fill Pharmacy Automation Market, By Vendors:
- Equipment Vendors
- Consulting Vendors
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 190 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $658.52 Million |
| Forecasted Market Value (USD) by 2028 | $1126.14 Million |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
Companies Profiled
- ARXIUM, Inc.
- RxSafe, LLC
- TCGRX Pharmacy Workflow Solutions
- Omnicell, Inc.
- ScriptPro LLC
- Kuka AG
- R/X Automation Solutions
- Tension Packaging & Automation
- McKesson Corporation (US),
- Cornerstone Automation Systems, LLC
For more information about this report visit https://www.researchandmarkets.com/r/mr9hgt
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