< Key Hightlight >

MARKET OUTLOOK

Triton’s report infers that the Middle East and Africa pharmacy automation equipment market is predicted to showcase revenue growth at a CAGR of 8.15% through the period 2022-2028. South Africa, Turkey, the United Arab Emirates, Saudi Arabia, and Rest of Middle East & Africa outline the market in this region.

The pharmaceutical industry in Turkey has great potential, owing to its high-tech manufacturing capability. Moreover, the country is expected to become a key supplier of services and pharma products for neighboring countries and regions over the upcoming years. Over the years, pharmacy sales in the country increased significantly. Its pharmaceutical industry ranks 16th in the world based on market size. Therefore, this growth in the pharmaceutical industry is expected to influence the demand for pharmacy automation, thereby driving the pharmacy automation equipment market across Turkey. 

The pharmacy automation equipment market is expected to have multiple growth opportunities due to the developing healthcare industry in South Africa. The country has witnessed significant growth in the medical device and pharmaceutical sectors over the past few years. Moreover, economic development has led to a surge in the number of local players in the country. Greg Grant is among the pioneers to introduce pharmacy automation in the country. Thus, all these factors supplement the growth of the pharmacy automation equipment market.

COMPETITIVE OUTLOOK

Cerner Corporation, Alixarx, Scriptpro LLC, Baxter International Inc, Becton Dickinson and Company, Newicon Oy, Capsa Healthcare LLC, and Parata Systems LLC are key firms in the pharmacy automation equipment market.