CENTRAL FILL PHARMACY AUTOMATION MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Increasing focus on enhancing pharmacy workflow efficiency

Pharmacy managers and owners are under constant pressure to improve workflow efficiency and turnaround times as prescription volumes increases. With limited staff and storage space, it is difficult for pharmacies to keep pace with demand while maintaining high accuracy levels. Central fill pharmacy automation addresses this challenge by streamlining the picking, verification, counting and packaging process through robotic and automated solutions. Tasks such as vial capping, tray loading, label verification, and others, which were earlier done manually, can now be rapidly performed 24/7 by machines, freeing up pharmacists and technicians to focus on more complex duties. Automation brings transparency to the filling process and integrates it with inventory and prescription management systems. This improves visibility and allows central fill pharmacies to consistently achieve turnaround targets for dispensing large volumes of orders from partner pharmacies. The systems also optimize pharmacy space utilization through compact designs and vertically-stacked storage of drugs. As a result, central fill pharmacies equipped with automation can fill and ship prescriptions of multiple retail partners simultaneously in an efficient, low error manner. For instance, on February 27, 2024, iA (Intelligent Automation), a company that provides an integrated pharmacy fulfillment platform for retail, health system, and government pharmacies, launched Shared Central Fulfillment, a cloud-based solution enabling pharmacy fulfillment owners to offer centralized services to multiple partners from one center.