Pharmacy Automation Devices Market Worth $11.6 Billion by 2030: Grand View Research, Inc.

Read 161 page full market research report, "Pharmacy Automation Devices Market Size, Share & Trends Analysis Report By Product (Medication Dispensing Systems, Automated Medication Compounding Systems), By End-use (Outpatient Pharmacies), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research. Read 161 page full market research report, " Pharmacy Automation Devices Market Size, Share & Trends Analysis Report By Product (Medication Dispensing Systems, Automated...

Read 161 page full market research report, "Pharmacy Automation Devices Market Size, Share & Trends Analysis Report By Product (Medication Dispensing Systems, Automated Medication Compounding Systems), By End-use (Outpatient Pharmacies), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Pharmacy Automation Devices Market Growth & Trends

In addition, according to a report published by Omnicell Inc., 75% of the pharmacist's time is spent on nonclinical operations, such as order review & verification (41%), drug distribution (19%), administrative management (8%), education & other (7%), and clinical (25%). Through automation, pharmacists can spend more time on patient care. Moreover, it helps to prevent product contamination and errors, thereby reducing the risk of liabilities and increasing patient safety.

The COVID-19 pandemic has significantly impacted the market. Many pharmacy automation players witnessed a decline in revenue from the second quarter of 2020 owing to the COVID-19 pandemic. For instance, Omnicell Inc. witnessed a decline in its revenue by -0.13% in the second quarter of 2020. However, the pandemic has exposed gaps and challenges across the pharmacy supply chain, making more sophisticated automation and intelligence capabilities critical to effectively manage medications in the post-COVID world.

Pharmacy Automation Devices Market Segmentation

Grand View Research has segmented the global pharmacy automation devices market based on product, end-use, and region:

Pharmacy Automation Devices Market - Product Outlook (Revenue, USD Billion, 2018 - 2030)

Pharmacy Automation Devices Market - End-Use Outlook (Revenue, USD Billion, 2018 - 2030)

Pharmacy Automation Devices Market - Region Outlook (Revenue, USD Billion, 2018 - 2030)

List of Key Players in the Pharmacy Automation Devices Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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