The Pharma Market is one of the major market globally.
The Pharmacy Sectors is worth $ 300 Billion as of 2015 and is constantly growing rapidly
Factors such as the increasing number of drug prescriptions with the rising aging population and the shift from centralized to decentralized pharmacies driver the growth of this market. Moreover, the need for cost reduction due to the increasing healthcare costs, reduction of medication errors with improved work efficiency within the pharmacies, and awareness regarding the provision of additional time to clinicians and pharmacists for patient care is further expected to boost the demand for pharmacy automation systems.
In terms of volume, India is the 3rd largest and in terms of value, India is the 13th largest as per Equity Market's reports in Pharmacy market.