Middle East and Africa Pharmacy Automation Equipment Market

Market Introduction

The pharmacy automation involves mechanization of tasks and processes performed in pharmacy or other health care settings. The objective is to reduce errors in medical prescriptions and optimize patient safety. Also, automation systems can help pharmacies streamline the workflow, reduce the risk of mistakes, and improve direct patient-care activities.

Middle East and Africa Pharmacy Automation Equipment Strategic Insights

Strategic insights for the Middle East and Africa Pharmacy Automation Equipment provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Pharmacy Automation Equipment Report Scope

Middle East and Africa Pharmacy Automation Equipment Regional Insights

The geographic scope of the Middle East and Africa Pharmacy Automation Equipment refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Middle East and Africa pharmacy automation equipment market is expected to reach US$ 226.21 million by 2028 from US$ 143.38 million in 2021; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028. The market growth is attributed to the factors such as increasing demand for upgraded healthcare services and rising technological developments in automation equipment. However, the reluctance to adopt pharmacy automation systems by healthcare professionals is expected to be restrain the market growth.

According to estimates by United Nations report 2019, the number of geriatric persons (60+) is expected to double by 2050 in Middle East. The demand for healthcare services is increasing in the region owing to surging geriatric population and increasing prevalence of chronic diseases. Therefore, hospitals are struggling to keep up owing to the labour shortages. Pharmacy and nursing staff require modern technology tools to perform their jobs efficiently without compromising on patient safety or care quality. The automated medication dispensing systems reduce workloads and add a higher level of security, tracking, and accountability. Also, the companies operating in the pharmaceutical market are adopting organic and inorganic growth strategies to increase their market share across Middle East and Africa. In addition, artificial intelligence (AI) and machine learning (ML) are also providing exciting opportunities for the pharmacy automation equipment market. Technological advancements and integration of AI are expected to drive the adoption of pharmacy automation equipment during the forecast period.

The COVID-19 outbreak has shown substantial effects on Middle East and Africa. The region has recorded an increasing number of COVID-19 patients who are being admitted to intensive care units (ICU). Also, the rising number of medications are imposing multiple diagnostic and therapeutic challenges on stressed healthcare systems and is leading to rise in medication errors. Thus, rising ICU admissions during the outbreak are boosting the growth of the pharmacy automatic equipment market in Middle East and Africa.

Key Market Segments

The Middle East and Africa pharmacy automation equipment market, by type, is segmented into automated medication dispensing systems, automated packaging & labelling systems, automated storage & retrieval systems, automated compounding devices, and tabletop tablet counters. The automated medication dispensing systems segment held the largest share of the market in 2020, whereas the automated compounding devices segment is anticipated to register the highest CAGR in the market during the forecast period.

By end user, the Middle East and Africa pharmacy automation equipment market is segmented into hospital pharmacy, retail pharmacy, and others. The hospital pharmacy segment held the largest share of the market in 2020, whereas the retail pharmacy segment is estimated to register the highest CAGR in the market during the forecast period.

Major Sources and Companies Listed

A few of the primary and secondary sources associated with this report on the Middle East and Africa pharmacy automation equipment market are Gulf Cooperation Council (GCC), World Travel & Tourism Council (WTTC) and Ministry of Health and Social Services (MoHSS).

Reasons to buy the report

• Determine prospective investment areas based on a detailed trend analysis of Middle East and Africa pharmacy automation equipment market over the next years.
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• Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels driving the Middle East and Africa pharmacy automation equipment market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs undertaken by the different countries within the Middle East and Africa pharmacy automation equipment market.

MIDDLE EAST AND AFRICA

PHARMACY AUTOMATION EQUIPMENT MARKET SEGMENTATION

By

Type

• Automated Medication Dispensing Systems
• Automated Packaging & Labeling Systems
• Automated Storage & Retrieval Systems
• Automated Compounding Devices
• Tabletop Tablet Counters

By

End User

• Hospital Pharmacy
• Retail Pharmacy
• Others

By Country

• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East and Africa

Company Profiles

• Baxter International Inc.
• Capsa Healthcare
• OMNICELL INC.
• Cerner Corporation
• MCKESSON CORPORATION
• BD
• Talyst LLC (Swisslog Healthcare)