The global pharmacy automation systems market features a fragmented vendor landscape and the degree of competition in the market varies from segment to segment, says Transparency Market Research (TMR) in a new report. CareFusion Corp is currently the leading player in the hospital pharmacy automation space, whereas ScriptPro leads among companies in the retail pharmacy automation space. 

At present, healthcare providers and pharmacists are compelled to employ reliable systems and technologies for dispensing medication to prevent injuries and fatalities. Medication dispensing error is a leading cause of death in North America after cancer, cardiac arrest, and stroke.

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Besides reducing medication errors and increasing patient safety, expanding healthcare expenditure and time efficiency are some significant advantages of pharmacy automation systems. With tightening of medical reimbursement policies and rising drug prices, healthcare providers are anticipated to face the pressure to reduce pharmacy costs. This is likely to boost the adoption of technology-driven pharmacy automation systems.

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Some of the functions of pharmacy automation systems are tablet counting, prescription management, dispensing and inventory management, compound preparation, and medication packaging. The integration of individual technologies, however, is required to reap the full benefits of each system.