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Europe Pharmacy Automation Market

The use of mechanized technologies for digitalizing medical and healthcare workflow procedures is referred to as pharmacy automation. These systems help to automate routine tasks and reduce human interaction by performing several roles. Mixing liquids and powders for compounding, drug counting, maintaining client databases, and inventory management are just a few responsibilities. They also help to reduce errors in the packaging and distribution of pharmaceuticals. Furthermore, pharmacy automation keeps track of narcotics and other regulated pharmaceuticals, tracks usage patterns, and assures optimal operational efficiency.

In recent years, the pharmacy automation market is anticipated to grow rapidly during the forecast period. There has been an upsurge in the elderly population over the world. As a result, the number of chronic and life-threatening disorders is on the rise in the number of prescriptions prescribed. According to the study “Economic analysis of the prevalence and clinical and economic burden of medication error in England,” released in June 2021, the NHS in England makes an estimated 237 million prescription errors each year, resulting in hundreds of fatalities. As a result, hospitals and pharmacies are implementing innovative pharmacy automation technology to save money while improving patient safety.

Data Bridge Market Research analyses that the pharmacy automation market was valued at USD 1,018.97 million in 2021 and is expected to reach USD 1,942.15 million by 2029, registering a CAGR of 7.89% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

For more:

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