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Pharmacy Automation Market

Pharmacy automation is gaining traction as it enables the smooth operation of numerous tasks in pharmacies and the healthcare industry. The introduction of automation has resulted in a reduction in the number of errors in medication administration, thereby ensuring patient safety. Because of their accuracy and timely dispensing of medications to patients seeking treatment, products such as automated medication dispensing systems are likely to be popular. These systems have greatly reduced the possibility of human error when prescribing dosages and medications.

Automated medication dispensing systems accounted for the largest share of the pharmacy automation market due to the advantages such as improved medication safety, better inventory management, and increased storage capacity with optimal space utilisation, as well as potential time and cost savings. Data Bridge Market Research analyses that the pharmacy automation market was valued at USD 5.07 billion in 2021 and is further estimated to reach USD 9.88 billion by 2029, and is expected to grow at a CAGR of 8.7% during the forecast period of 2022 to 2029.

The automation of common tasks and processes performed in a pharmacy or other healthcare settings is referred to as pharmacy automation. The mechanical process of any pharmacy task, such as counting small objects, measuring and mixing powders and liquids for compounding, and tracking and updating customer information in databases, is referred to as pharmacy automation.

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