Pharmacy Automation: Technologies and Global Markets

Report Highlights:

The global market for pharmacy automation should grow from $5.1 billion in 2019 to $7.8 billion by 2024 at a compound annual growth rate (CAGR) of 8.6% for the period of 2019-2024.

Inpatient pharmacy automation market should grow from $3.8 billion in 2019 to reach $5.7 billion by 2024 at a CAGR of 8.5% for the period of 2019-2024.

Outpatient pharmacy automation market should grow from $1.4 billion in 2019 to reach $2.1 billion by 2024 at a CAGR of 8.8% for the period of 2019-2024.

Report Scope:

This BCC Research report is designed to be a helpful business tool that will provide a thorough evaluation of the global pharmacy automation market. The geographical scope is global but with special emphasis on the U.S. and developed Europe, with supplemental data covering other geographical markets and trends. The report identifies pharmacy automation markets by inpatient and outpatient pharmacy settings, and by product type. Within the global pharmacy automation market, there are two general pharmacy settings (market applications), each having second-level subsettings -

• Inpatient pharmacy automation.
• Acute-care settings.
• Long-term care settings.
• Outpatient pharmacy automation.
• Outpatient/fast-track clinical settings.
• Hospital retail settings.
• Pharmacy benefit management services and other mail-order settings.
• Retail pharmacy chains.

Each segment is further reviewed to provide detailed information on current and emerging products, current market estimates and market forecasts, and competitive analyses. Product segments covered in the report include -

• Dispensing/storage.
• Packaging/filing.
• Software/logistics.
• Other products.

Report Includes:

• 57 data tables and 35 additional tables

• An overview of the global markets for pharmacy automation and related technologies

• Analyses of global market trends, with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024

• Information regarding statistics for medication errors, costs associated with pharmacy activities, the pharmacist shortage and many other issues affecting the pharmacy automation market

• A look at the impact of chronic diseases, and the pharmacy service industry and its value

• Discussion of technology patent trends relating to automating processes in the pharmacy environment

• Comprehensive profiles of leading companies in the industry with significant contributions and market shares, including Baxter International Inc., Becton, Dickinson & Co., Cerner Corp., Omnicell Inc., and Parata Systems LLC

Table of Contents

Chapter 1 - Introduction

• Study Goals and Objectives
• Reasons for Doing This Study
• Scope of Report
• Methodology
• Geographic Breakdown
• Analyst's Credentials
• BCC Custom Research
• Related BCC Research Reports

Chapter 2 - Summary and Highlights

• Market Overview
  • Drivers and Restraints
• Leading Manufacturers

Chapter 3 - Market and Technology Background

• Pharmacy Automation Industry Structure
• Background, History and Growth of the Pharmacy Automation Market
• Employing Automation to Improve Current Medication Delivery Systems
  • Early Standardization of Barcodes
• Joint Commission Involvement
  • Common Prescribing Mistakes
• Regulatory Authorities
  • Joint Commission of Accredited Healthcare Organizations
  • Food and Drug Administration
  • European Medicines Agency
  • European Federation of Pharmaceutical Industries and Associations
  • European Monitoring Centre for Drugs and Drug Addiction
  • Royal Pharmaceutical Society of Great Britain
  • National Patient Safety Agency
  • Japanese Ministry of Health, Labor and Welfare
  • Central Drugs Standard Control Organization
  • Therapeutic Goods Administration
  • National Medical Products Administration
  • Federal Trade Commission
  • Drug Enforcement Administration
  • National Association of Boards of Pharmacy
  • ANVISA - Brazilian Health Surveillance Agency
• Healthcare Personnel Trends
  • Pharmacy Personnel
• Consumer Issues
  • Safety
  • Accuracy and Accountability
  • Medication Administration Errors
• Medication Management Components
  • Organizational Structure and Its Effect on Errors
• Implementation Issues
• Lifting Barriers to Pharmacy Automation Implementation
• Cost-Effectiveness in Pharmacy Automation
  • HealthWarehouse.com Deploys PharmAssist
  • Eyecon System and Lakeview Pharmacy
  • Case Study: Parata Systems and Tara Pharmacy
  • TCGRx and Premier Pharmacy Services
  • Ohio Department of Mental Health
  • London Drugs
  • Med-Fast Pharmacy
  • U.S. Navy and ScriptPro's Telepharmacy Solution
  • Evergreen Hospital Medical Center
  • Leesburg Regional Medical Center
  • Miami Children's Hospital
  • Mountain View Hospital
  • Lucile Packard Children's Hospital
  • UCSF Medical Center
  • St. Joseph Hospital
• Industry Consolidation
• Global Financial Conditions
  • Rising Healthcare Costs
  • Pharmaceutical Expenditures
• Worldwide Population Growth
  • Global Birth Rates
  • Increasing Life Expectancy
  • Aging Populations

Chapter 4 - Market Breakdown by Product Type

• Market Highlights
  • Competitor Overview
• Dispensing/Storage
  • Product Review
  • Narcotics Management
• Packaging/Labeling
  • Packaging Innovation to Address Compliance Issues
  • Cannabis Packaging: Emerging Opportunities
  • Product Review
  • IV Compounding Equipment
• Software/Logistics
  • Electronic Medication Administration
  • EHR Integration
  • E-Prescribing Trends
  • Meaningful Use: A Push for EHR Integration and Logistics Systems
  • Trends in RFID
  • Product Review
  • Advances in Electronic Prescription Monitoring Programs - e-Prescribing
  • Development of Drug Monitoring
• Other Pharmacy Automation
  • Product Review

Chapter 5 - Market Breakdown by Application

• Market Highlights
• Industry Structure
• Inpatient Pharmacy Automation
  • Dispensing and Storage Equipment
  • Inpatient Pharmacy Automation Vendor Review
  • Implementation and Equipment Analysis
  • Outpatient Pharmacy Automation
  • Outpatient Pharmacy Automation Vendor Review
  • Implementation and Equipment Analysis

Chapter 6 - Market Breakdown by Region

• Market Highlights
• Global Analysis
  • Pharmacy Automation Adoption by Region
  • United States
  • Developed Europe
  • Emerging Europe
  • Asia-Pacific
  • Other Regions

Chapter 7 - Technology Evaluation

• Overview
• Current Uses of Technology
  • Medication Inspection
  • Communication Network Technology
  • Biometric-type Identification Technology
  • Infrared Technology
  • Automated Parenteral Dispensers
  • Barcode Technology
  • RFID Technology
  • Automated Pharmacy Inventory Management Systems
  • Automated Dispensing Cabinets
  • Robotics
• Patent Evaluation
  • Patent Review by Year
  • Patent Review by Assignee
  • Patent Holder Summary
  • Patent Review by Country

Chapter 8 - Company Profiles

• ARXIUM
• BAXTER INTERNATIONAL INC.
• BECTON, DICKINSON & CO.
• CAPSA HEALTHCARE
• CERNER CORP.
• EUCLID MEDICAL PRODUCTS
• INNOVATION ASSOCIATES
• MEDICAL PACKAGING INC.
• OMNICELL INC.
• PARATA SYSTEMS LLC
• SCRIPTPRO LLC
• SWISSLOG AG

Chapter 9 - State Controlled Substances Contacts

Chapter 10 - Appendix : Abbreviations and Glossary of Terms

List of Tables

• Summary Table A: Global Market for Pharmacy Automation, by Application (Inpatient, Outpatient), Through 2024

• Summary Table B: Pharmacy Automation Equipment Providers and Products
  • Table 1: List of Abbreviations Used in Medical Prescriptions and Possible Confusion Meanings
  • Table 2: Average Annual Adverse Drug Reactions and Medication Administration Errors
  • Table 3: Widely Reported Types of Medication Errors
  • Table 4: AHRQ Strategies to Prevent Adverse Drug Events
  • Table 5: State Rules/Regulations Governing Telepharmacy Implementation
  • Table 6: Pharmacy Automation Company Mergers and Acquisitions,* 1997-2018
  • Table 7: Healthcare Expenditure as a Percentage of GDP, by Country, 2014-2017*
  • Table 8: Pharmaceutical Expenditures as a Percentage of Health Expenditures, by Country, 2005-2016
  • Table 9: Pharmaceutical Expenditures Per Capita, by Country, 2005-2016
  • Table 10: Birth Rates for Selected Countries, 2018
  • Table 11: Life Expectancy Data and Projections, 1970-2015
  • Table 12: Top 10 Countries with Highest Life Expectancy at Age 65, 2017 Estimates
  • Table 13: Percentage of Total Population Aged 65 Years and Older, Select Countries, 2014
  • Table 14: Global Market for Pharmacy Automation, by Type, Through 2024
  • Table 15: Global Market Share for Pharmacy Automation, by Type, 2019
  • Table 16: Global Pharmacy Automation Market's Top Participants, Estimated 2019
  • Table 17: Pharmacy Automation: Primary Industry Participation, by Equipment Type, 2018/2019
  • Table 18: Global Market for Pharmacy Dispensing/Storage Equipment, by Application, Through 2024
  • Table 19: Pharmacy Automation: Inpatient Dispensing/Storage Equipment Summary
  • Table 20: Pharmacy Automation: Outpatient Dispensing/Storage Equipment Summary
  • Table 21: Global Market for Pharmacy Narcotics Management Equipment, by Application, Through 2024
  • Table 22: Prescribing Practices for Opioid Drugs/High-Dosage Opioid Drugs, 2006-2017
  • Table 23: Pharmacy Automation: Narcotics Management Equipment Summary
  • Table 24: Global Market for Pharmacy Packaging/Labeling Equipment, by Application, Through 2024
  • Table 25: Effectiveness of Fibromyalgia Treatments: Cannabis vs. Pharmaceutical Therapies (2014 National Pain Foundation Survey)
  • Table 26: Pharmacy Automation: Oral Inpatient Packaging Equipment Summary
  • Table 27: Pharmacy Automation: Long-Term Care Packaging Equipment Summary
  • Table 28: Pharmacy Automation: Outpatient Packaging/Labeling Equipment Summary
  • Table 29: Global Market for Pharmacy IV Compounding Equipment, by Application, Through 2024
  • Table 30: Pharmacy Automation: Compounding Equipment Summary
  • Table 31: Global Market for Pharmacy Software and Logistics Products, by Application, Through 2024
  • Table 32: Percentage of Office-Based Physicians Using Any Electronic Health Records or Electronic Medical Records, by State, 2014
  • Table 33: Percentage of Physicians e-Prescribing Through and EHR, by State, December 2008 and April 2014
  • Table 34: Electronic Healthcare "Meaningful Use" Stages Established by CMS, 2011-2019
  • Table 35: Pharmacy Automation: Software/Logistics Product Summary
  • Table 36: Harold Rogers PDMP - Comprehensive Opioid Abuse Grant Program Funding, FY2002-FY2018
  • Table 37: Benefits of Prescription Monitoring Programs for Medical Boards
  • Table 38: Electronic Prescription Monitoring Programs, Enacted Data, by State, 1995-2011
  • Table 39: Global Market for Other Pharmacy Automation Equipment, by Application, Through 2024
  • Table 40: Pharmacy Automation: Other Products/Equipment (Inpatient) Summary
  • Table 41: Pharmacy Automation: Other Product/Equipment (Outpatient) Summary
  • Table 42: Global Market for Pharmacy Automation, by Application, Through 2024
  • Table 43: Global Market for Pharmacy Automation, Application and Type, 2019
  • Table 44: Pharmacy Automation: Primary Industry Participation, by Application, 2018/2019
  • Table 45: Global Market for Inpatient Pharmacy Automation, by Type, Through 2024
  • Table 46: Inpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2019
  • Table 47: Inpatient Pharmacy Automation Packaging Systems, by Type, 2019
  • Table 48: Inpatient Pharmacy Automation Software and Logistics, 2019
  • Table 49: Other Inpatient Pharmacy Automation Equipment, by Type, 2019
  • Table 50: Global Inpatient Pharmacy Automation Equipment Manufacturers' Market, Estimated 2019
  • Table 51: Global Market for Inpatient Pharmacy Automation, by Broad Setting, 2019
  • Table 52: Estimated Number of Hospitals/Inpatient Acute Care Centers and Beds Available, by Country, 2017
  • Table 53: Average Length of Hospital Stays, by Country, 2006 and 2016
  • Table 54: Long-Term Care and Nursing Home Beds and Recipients, by Country, 2017
  • Table 55: Hospice Facts, 2015
  • Table 56: Inpatient Pharmacy Automation Equipment Cost Analysis
  • Table 57: Global Market for Outpatient Pharmacy Automation, by Type, Through 2024
  • Table 58: Global Market for Outpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2019
  • Table 59: Global Market for Outpatient Pharmacy Automation Packaging and Labeling Equipment, by Type, 2019
  • Table 60: Global Market for Outpatient Pharmacy Automation Software and Logistics, 2019
  • Table 61: Global Market for Outpatient Pharmacy Automation Other Equipment, by Type, 2019
  • Table 62: Global Market for Outpatient Pharmacy Automation Equipment, by Manufacturer, Estimated 2019
  • Table 63: Global Market for Outpatient Pharmacy Automation, by Setting, 2019
  • Table 64: U.S. Medication Therapy and Number of Medications Mentioned at Office Visits, 2016
  • Table 65: Physician Office: Number of Office Visits, by Country, Estimated 2017*
  • Table 66: Leading U.S. Pharmacy Benefit Management Organizations/Mail-Order Groups
  • Table 67: Private and Managed Care Organization PBM Participation in the U.S.
  • Table 68: Leading U.S. Retail Pharmacy Chains' Sales Activity, 2018
  • Table 69: U.S. Retail Pharmacy Chains: Number of Locations, by State
  • Table 70: Analysis of Outpatient Pharmacy Automation Equipment
  • Table 71: Global Market for Pharmacy Automation, by Region, Through 2024
  • Table 72: Global Market for Pharmacy Automation, by Application and Region, 2019
  • Table 73: Pharmacy Automation Adoption, by Region and Inpatient Facilities, 2018-2019
  • Table 74: Pharmacy Automation Adoption, by Region and Outpatient Facilities, 2018-2019
  • Table 75: U.S. Market for Pharmacy Automation, by Application, Through 2024
  • Table 76: Developed Europe's Market for Pharmacy Automation, by Application, Through 2024
  • Table 77: Emerging Europe's Market for Pharmacy Automation, by Application, Through 2024
  • Table 78: Asia-Pacific Market for Pharmacy Automation, by Application, Through 2024
  • Table 79: Other Regions' Market for Pharmacy Automation, by Application, Through 2024
  • Table 80: Patent Review of Pharmacy Automation and Robotics, by Year, 1995-2019
  • Table 81: Patent Review of Pharmacy Automation, by Assignee
  • Table 82: Patent Share for Pharmacy Automation, by Country
  • Table 83: U.S. Patents for Pharmacy Automation, by State
  • Table 84: Baxter International Inc.: Company Financials, 2017-2018
  • Table 85: Becton, Dickinson & Co.: Company Financials, 2017-2018
  • Table 86: Cerner Corp.: Company Financials, 2017-2018
  • Table 87: Omnicell Inc.: Company Financials, 2017-2018
  • Table 88: Swisslog AG: Company Financials, 2017-2018
  • Table 89: State Controlled Substances Scheduling Authorities and Other Contact Information
  • Table 90: Abbreviations Used in Pharmacy Automation
  • Table 91: Glossary of Terms Used in Pharmacy Automation

List of Figures

• Summary Figure: Global Market for Pharmacy Automation, by Application (Inpatient, Outpatient), 2018-2024
  • Figure 1: Healthcare Expenditure as a Percentage of GDP, by Country, 2014-2017*
  • Figure 2: Pharmaceutical Expenditures as a Percentage of Health Expenditures, by Country, 2005-2016
  • Figure 3: Pharmaceutical Expenditures Per Capita, by Country, 2005-2016
  • Figure 4: Global Market for Pharmacy Automation, by Type, 2018-2024
  • Figure 5: Global Market Share for Pharmacy Automation, by Type, 2019
  • Figure 6: Global Pharmacy Automation Market Top Participants, Estimated 2019
  • Figure 7: Global Pharmacy Automation Participants' Market Shares, Estimated 2019
  • Figure 8: Market Participation by Vendor, Change in Market Share Forecast, 2019 vs. 2024
  • Figure 9: Global Market for Pharmacy Dispensing/Storage Equipment, by Application, 2018-2024
  • Figure 10: Global Market Share of Pharmacy Dispensing/Storage Equipment, by Application, 2019
  • Figure 11: Global Market for Pharmacy Narcotics Management Equipment, by Application, 2018-2024
  • Figure 12: Global Market Share of Pharmacy Narcotics Management Equipment, by Application, 2019
  • Figure 13: Opioid Analgesic Overdose Deaths, 1999 vs. 2017
  • Figure 14: Global Market for Pharmacy Packaging/Labeling Equipment, by Application, 2018-2024
  • Figure 15: Global Market Share of Pharmacy Packaging/Labeling Equipment, by Application, 2019
  • Figure 16: Global Market for Pharmacy IV Compounding Equipment, by Application, 2018-2024
  • Figure 17: Global Market Share of Pharmacy IV Compounding Equipment, by Application, 2019
  • Figure 18: Global Market for Pharmacy Software and Logistics Products, by Application, 2018-2024
  • Figure 19: Global Market Share of Pharmacy Software and Logistics Products, by Application, 2019
  • Figure 20: Total Number of States with Electronic Prescription Monitoring Programs, by Year of Enactment, 1990-2017
  • Figure 21: Total Number of States with Electronic Prescription Monitoring Programs, by Year PMP Became Operational, 1990-2018
  • Figure 22: Global Market for Other Pharmacy Automation Equipment, by Application, 2018-2024
  • Figure 23: Global Market Share of Other Pharmacy Automation Equipment, by Application, 2019
  • Figure 24: Global Market for Pharmacy Automation, by Application, 2018-2024
  • Figure 25: Global Market Share for Pharmacy Automation, by Application, 2019
  • Figure 26: Global Market for Inpatient Pharmacy Automation, by Type, 2018-2024
  • Figure 27: Global Market for Inpatient Pharmacy Automation, by Type, 2019
  • Figure 28: Inpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2019
  • Figure 29: Inpatient Pharmacy Automation Packaging Systems, by Type, 2019
  • Figure 30: Other Inpatient Pharmacy Automation Equipment, by Type, 2019
  • Figure 31: Global Inpatient Pharmacy Automation Equipment Manufacturers' Market, Estimated 2019
  • Figure 32: Global Inpatient Pharmacy Automation Equipment Manufacturers' Market Share, Estimated 2019
  • Figure 33: Global Market for Inpatient Pharmacy Automation, by Broad Setting, 2019
  • Figure 34: Estimated Number of Hospitals/Inpatient Acute Care Centers and Beds Available, by Country, 2017
  • Figure 35: Average Length of Hospital Stays, by Country, 2006 and 2016
  • Figure 36: Global Market for Outpatient Pharmacy Automation, by Type, 2018-2024
  • Figure 37: Global Market Share for Outpatient Pharmacy Automation, by Type, 2019
  • Figure 38: Global Market Share for Outpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2019
  • Figure 39: Global Market Share for Outpatient Pharmacy Automation Packaging and Labeling Equipment, by Type, 2019
  • Figure 40: Global Market for Outpatient Pharmacy Automation Other Equipment, by Type, 2019
  • Figure 41: Global Market for Outpatient Pharmacy Automation Equipment, by Manufacturer, Estimated 2019
  • Figure 42: Outpatient Pharmacy Automation Equipment Manufacturers' Market Shares, Estimated 2019
  • Figure 43: Global Drug Sales Market Share, by Country, 2018
  • Figure 44: Global Market for Outpatient Pharmacy Automation, by Setting, 2019
  • Figure 45: Pharmacy Locations, by Pharmacy Chain, 2008-2018
  • Figure 46: U.S. Retail Pharmacy Chains: Number of Locations, by State
  • Figure 47: Distribution of Walgreen Pharmacies in the U.S., by State, Fiscal 2014*
  • Figure 48: Distribution of CVS Pharmacies in the U.S., by State, 2017*
  • Figure 49: Distribution of Rite Aid Pharmacies in the U.S., by State, 2018
  • Figure 50: Global Market for Pharmacy Automation, by Region, 2018-2024
  • Figure 51: Global Market Share for Pharmacy Automation, by Region, 2019
  • Figure 52: U.S. Market for Pharmacy Automation, by Application, 2018-2024
  • Figure 53: U.S. Market Share for Pharmacy Automation, by Application, 2019
  • Figure 54: Developed Europe's Market for Pharmacy Automation, by Application, 2018-2024
  • Figure 55: Developed Europe's Market Share for Pharmacy Automation, by Application, 2019
  • Figure 56: Emerging Europe's Market for Pharmacy Automation, by Application, 2018-2024
  • Figure 57: Emerging Europe's Market Share for Pharmacy Automation, by Application, 2019
  • Figure 58: Asia-Pacific Market for Pharmacy Automation, by Application, 2018-2024
  • Figure 59: Asia-Pacific Market Share for Pharmacy Automation, by Application, 2019
  • Figure 60: Other Regions' Market for Pharmacy Automation, by Application, 2018-2024
  • Figure 61: Other Regions' Market Share for Pharmacy Automation, by Application, 2019
  • Figure 62: Patent Share for Pharmacy Automation and Pharmacy Robotics Assignees, June 1999-June 2019