The global pharmacy automation market is projected to reach USD 5.38 Billion by 2022, at a CAGR of 8.2% from 2017 to 2022. The market growth can be attributed to a number of factors such as the growing need to minimize medication errors, rapid decentralization of pharmacies, changing population demographics, and rising labor costs.

In this report, the global pharmacy automation market is segmented on the basis of type of product, end user, and region. Automated packaging and labeling systems, automated table top counters, automated pharmaceutical compounding systems, automated storage and retrieval systems, and other pharmaceutical automation systems. The automated medication dispensing system is segmented into centralized systems and decentralized systems. The centralized automated dispensing system is further classified as being in a pharmaceutical-based system.

Automated medication dispensing systems accounted for the largest share of the pharmacy automation market in 2016. Decentralized automated dispensing system is expected to be the fastest growing product in the marketplace. This is mainly attributed to the prescription of a prescriptive and timely dispensing procedure.

Retail pharmacies is expected to become the fastest growing user segment in the pharmacy automation market during the forecast period. The increasing adoption of pharmacy automation systems in retail pharmacies.

In 2016, North America accounted for the largest share of the global pharmacy automation market, largely attributed to the increasing number of drug prescriptions at pharmacies resulting from growth in the aging population. Furthermore, the growth in insurance coverage in the United States has increased in the United States. IT infrastructure is expected to have a positive impact on the pharmacy automation market in APAC and Latin America.

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The major players in the  pharmacy automation market  are Becton, Dickinson, and Company (US), Omnicell, Inc. (US), Cerner Corporation (US), Capsa Healthcare (US), Parata Systems LLC (US), Baxter International, Inc (US), ScriptPro LLC (US), KUKA AG (Germany), TCGRx Pharmacy Workflow Solutions (US), RxSafe, LLC (US), ARXIUM Inc. (US) and Talyst systems LLC. (US).

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