The pharmacy automation market size is estimated to be $5.5B in 2022 and is expected to witness a CAGR of 10.26% during the forecast period 2023-2033, according to a report from Research & Markets.
Globally, the retail pharmacy system is evolving due to the use of pharmacy automation devices, analytics, and software. As a result, the sector’s profitability is growing, because automation, increases efficiency, and reduces drug wastage. This has lowered costs per dose, and simplified workflow management.
However, the expensive initial cost of installing automated systems is expected to hinder growth.