Discover your next big idea at PACK EXPO Las Vegas
Experience a breakthrough in packaging & processing and transform your business with solutions from 2,300 suppliers spanning all industries. Click to learn more.

Forecasting the future for pharmacy automation

Prescription error prevention and safe product preparation bode well for the increased use of automated pharmaceutical dispensing systems.

Intermountain Healthcare in Salt Lake City, Utah, uses pharmacy automation systems.
Intermountain Healthcare in Salt Lake City, Utah, uses pharmacy automation systems.

By 2020, the global pharmacy automation devices industry is projected to rise at a Compound Annual Growth Rate of 7.3% through 2020, topping US$8.99 billion, according to a Grand View Research press release.

GVR says, “Automation systems such as packaging and labeling systems, medication dispensing systems, storage and retrieval systems, tabletop counters and compounding systems are employed in order to improve the efficacy of regular jobs within pharmacies. The market is expected to grow owing to features including system integration that increases productivity and time to clinicians for patient care, thereby lowering medication errors.”

A pharmacy automation system is “a mechanical system that performs tasks in pharmacy and other healthcare industrial organizations,” says a new Future Market Insights report. FMI says, “Pharmacy automation systems are already being used across the globe in the pharmaceutical sector. They can be segmented on the basis of technology into automated medication dispensing systems, automated packaging and labeling systems, automated medication compounding systems, storage and retrieval systems, and table top counters.”

A recent Transparency Market Research report says, “Increasing incidence of deaths and injuries due to medication prescription error is consistently putting pressure on healthcare providers and pharmacists to deploy more effective technologies.

“The medication distribution system is becoming more and more complex with the rising number of patient visits along with the pressure of ensuring their safety needs. Advanced automated technologies and solutions are emerging as the most effective tools to reduce medication errors and improve patient safety. Installing automated systems also helps pharmacists and healthcare providers to lower pharmacy costs.”

Smart Filling Equipment Selection Guide
Discover the six critical factors that determine filling equipment success and avoid costly selection mistakes that drain profits.
Read More
Smart Filling Equipment Selection Guide
Conveying Innovations Report
Editors report on distinguishing characteristics that define each new product and collected video demonstrating the equipment or materials as displayed at the show. This topical report, winnowed from nearly 300 PACK EXPO collective booth visits, represents a categorized, organized account of individual items that were selected based on whether they were deemed to be both new, and truly innovative, based on decades of combined editorial experience in experiencing and evaluating PACK EXPO products.
Take me there
Conveying Innovations Report