Pharmacy Automation Devices Market Size, Industry Share, Growth

The Pharmacy automation devices are used for reducing the risk of the errors, and improve the workflow across the retail and hospital pharmacies. The increase in medication errors is one of the factors, driving the growth of the market. According to a study by published by John Hopkins, in February 2018, around 250,000 deaths occurred in the U.S. owing to medical errors. Moreover, with the increase in the geriatric population, there has been increasing incidence of chronic and life-threatening diseases, and the increasing dispensation of medications.

For instance, according to the article published by the Economic analysis of the prevalence and clinical and economic burden of medication error in England in June 2021, around 237 million medication errors occurred in England annually, leading to adverse drug reactions (ADRs) and caused hundreds of deaths. Thus, to prevent medication errors, several hospitals, and pharmacies are focusing on adopting new and advanced pharmacy automation devices to reduce operating costs, and improve patient safety.

This information is given by Fortune Business Insights™ in an upcoming report, titled, “Pharmacy Automation Devices Market 2023-2030.”

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The report covers the following key insights:

• New Product launches – For Pharmacy Automation Devices.
• Technological Advancement in Pharmacy Automation Devices.
• Impact of COVID-19 on Pharmacy Automation Devices.

The pharmacy automation devices market is driven by several factors, including:

Growing need to reduce medication errors: Pharmacy automation devices help in reducing medication errors by automating various processes such as prescription filling, dispensing, and inventory management. As medication errors can lead to serious consequences such as patient harm, hospital readmissions, and increased healthcare costs, the demand for pharmacy automation devices is increasing.

Increasing demand for advanced healthcare facilities: The increasing demand for advanced healthcare facilities is driving the adoption of pharmacy automation devices. These devices help in improving the efficiency of healthcare operations, reducing costs, and enhancing patient care.

Rising adoption of electronic health records (EHRs): Pharmacy automation devices are often integrated with electronic health records (EHRs), which enable real-time tracking of patient health information. This integration can help in reducing medication errors, improving patient outcomes, and increasing efficiency in healthcare operations.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:

https://www.fortunebusinessinsights.com/pharmacy-automation-devices-market-106938

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