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Sector is anticipated to grow at a CAGR of 9.3%.
Pharmacy automation involves processes and technology that automate repetitive tasks and prevent pharmacists from being useful in more creativity-intensive tasks. Pharmacy automation offers various benefits to pharmacy owners, including increased accuracy and speed, space savings, narcotics security, and inventory management.
In terms of revenue, the market was estimated to be worth $11.12 billion in 2022 and is predicted to reach $22.63 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.3% during 2022–2030, according to a new report published by The Insight Partners.
The growth of the pharmacy automation systems market is driven by the growing adoption of robotic pharmacies (powered by artificial intelligence, or AI) and growing risk of medication errors. When it comes to AI, it has the capability to helps pharmacists and clinical personnel in identifying problems such as potentially harmful drug interactions, cross-verifying patient data, drug-disease contraindications, drug–drug interactions, and improper dosages. AI can also provide real-time guidance when prescribing medicine, dispensing, and administering medicine.