Global Pharmacy Automation Devices Market Size study & Forecast, by Product by End-use and Regional Analysis, 2023-2030

Description

List of Tables

Global Pharmacy Automation Devices Market is valued approximately USD 5.5 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.9% over the forecast period 2023-2030. Pharmacy automation devices are advanced technological solutions designed to streamline and enhance various processes within a pharmacy setting. These devices are employed to automate tasks such as medication dispensing, inventory management, prescription filling, and labeling, aiming to improve efficiency, accuracy, and overall patient care. Automated dispensing systems, robotic pill dispensers, and prescription verification tools are examples of pharmacy automation devices. The Pharmacy Automation Devices market is expanding because of factors such as rising demand for robotics dispensing devices across hospital and retail pharmacies, increasing medication dispensing errors across pharmacies and rising adoption of these systems across acute care settings in hospital and retail pharmacies.

The robotic dispensing system (RDS) is a pivotal component in the pharmaceutical landscape, automating the storage, counting, and dispensing of various medication pills to facilitate centralized pharmacies in efficiently fulfilling high-volume prescriptions. The heightened precision and efficiency of these robotic systems have fueled an increasing demand, particularly in acute care settings, where they are employed for drug barcoding, dispensing, and intravenous compounding. Major industry players are actively contributing to the expansion of technologically advanced robotic dispensing systems in healthcare settings, driving growth in the pharmacy automation devices market. March 2023 article published by NCBI underscores the widespread adoption of robotic dispensing systems as a comprehensive solution to mitigate medication errors during the dispensing process. These systems are responsible for filling over 90,000 patient prescriptions daily in central pharmacy systems. Notably, various pharmacy settings, both outpatient and institutional, are now prioritizing the automation of medication dispensing systems to address the escalating incidence of medical errors and the growing demand for specialty drug dispensing, which necessitates more intricate techniques than traditional prescription drugs. Real-world success stories further validate the impact of robotic dispensing systems. The Wirral Hospitals NHS Trust reported a remarkable 50.0% reduction in medication dispensing errors within just four months of implementing a pharmacy robot in March 2022. The American Society of Health-System Pharmacists (ASHP) national survey in 2020 revealed that 74.5% of hospitals utilize robots for drug dispensing. These findings underscore the significant advantages offered by robotic systems, including enhanced workflow and error-free medication dispensing, contributing to their increasing adoption and high demand in hospital pharmacies across developed countries, thereby bolstering market growth. In addition, rising technological advancements and rising initiatives for modern healthcare infrastructure. However, the lack of skilled personnel in automation sector, high cost of pharmacy automation devices stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Pharmacy Automation Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing demand for efficient and error-free medication management systems has driven the adoption of automation devices in pharmacies across the region. The ongoing advancements in technology and the trend toward digitization in healthcare are also pivotal drivers. Integration of electronic health records (EHRs), connectivity with other healthcare systems, and the implementation of smart automation solutions contribute to a more interconnected and efficient healthcare ecosystem, fostering the adoption of pharmacy automation devices in the region. Europe is expected to grow at a fastest rate during the forecast period, owing to factors such as rising adoption of advanced technological solutions within pharmaceutical settings, the stringent regulatory environment in Europe emphasizes the importance of compliance and traceability in the pharmaceutical supply chain. Pharmacy automation devices, equipped with features such as drug barcoding and inventory tracking, assist pharmacies in meeting these regulatory requirements.

Major market player included in this report are:

Amerisource Bergen Corporation
Accu-Chart Plus Healthcare Systems, Inc.
Omnicell, Inc.
McKesson Corporation
Pearson Medical Technologies
Baxter
Talyst, LLC (Swisslog Healthcare)
Scriptpro LLC
Fulcrum Pharmacy Management, Inc.
Health Robotics S.R.L.

Recent Developments in the Market:

In July 2022, BD has announced the acquisition of Parata Systems, LLC, a company known for its pioneering pharmacy automation systems and solutions. Within the Parata Systems product lineup are automated dispensing systems that resemble vending machines, designed for the precise dispensing, capping, and sorting of pills. Additionally, the portfolio encompasses advanced software programs tailored for pharmacy automation devices, further expanding BD's capabilities in the evolving landscape of pharmaceutical automation
In Aug 2021, Capsa Healthcare has strategically acquired Specialty Carts Inc. with the aim of enhancing its capabilities in long-term care (LTC) medication management. This acquisition reinforces Capsa's commitment to offering a comprehensive and diverse range of products in the field of pharmacy automation. By integrating the expertise and solutions of Specialty Carts Inc., Capsa Healthcare aims to further strengthen its position in providing advanced and tailored medication management solutions for long-term care settings.

Global Pharmacy Automation Devices Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, End-use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Product:

Medication Dispensing Systems
Packaging And Labeling Systems
Storage And Retrieval Systems
Automated Medication Compounding Systems
Tabletop Tablet Counters

By End-use:

Retail Pharmacy
Inpatient Pharmacies
Outpatient Pharmacies
Pharmacy Benefit Management Organizations
Mail-Order Pharmacies

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Pharmacy Automation Devices Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Pharmacy Automation Devices Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Pharmacy Automation Devices Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Pharmacy Automation Devices Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Pharmacy Automation Devices Market Dynamics

3.1. Pharmacy Automation Devices Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising demand for robotics dispensing devices across hospital and retail pharmacies
  - 3.1.1.2. Increasing medication dispensing errors across pharmacies
  - 3.1.1.3. Rising adoption of these systems across acute care settings in hospital and retail pharmacies
- 3.1.2. Market Challenges
  - 3.1.2.1. Lack of skilled personnel in automation sector
  - 3.1.2.2. High cost of pharmacy automation devices
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising technological advancements
  - 3.1.3.2. Rising initiatives for modern healthcare infrastructure

Chapter 4. Global Pharmacy Automation Devices Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Pharmacy Automation Devices Market, by Product

5.1. Market Snapshot
5.2. Global Pharmacy Automation Devices Market by Product, Performance - Potential Analysis
5.3. Global Pharmacy Automation Devices Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Pharmacy Automation Devices Market, Sub Segment Analysis
- 5.4.1. Medication Dispensing Systems
- 5.4.2. Packaging And Labeling Systems
- 5.4.3. Storage And Retrieval Systems
- 5.4.4. Automated Medication Compounding Systems
- 5.4.5. Tabletop Tablet Counters

Chapter 6. Global Pharmacy Automation Devices Market, by End-use

6.1. Market Snapshot
6.2. Global Pharmacy Automation Devices Market by End-use, Performance - Potential Analysis
6.3. Global Pharmacy Automation Devices Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
6.4. Pharmacy Automation Devices Market, Sub Segment Analysis
- 6.4.1. Retail Pharmacy
- 6.4.2. Inpatient Pharmacies
- 6.4.3. Outpatient Pharmacies
- 6.4.4. Pharmacy Benefit Management Organizations
- 6.4.5. Mail-Order Pharmacies

Chapter 7. Global Pharmacy Automation Devices Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Pharmacy Automation Devices Market, Regional Market Snapshot
7.4. North America Pharmacy Automation Devices Market
- 7.4.1. U.S. Pharmacy Automation Devices Market
  - 7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. End-use breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Pharmacy Automation Devices Market
7.5. Europe Pharmacy Automation Devices Market Snapshot
- 7.5.1. U.K. Pharmacy Automation Devices Market
- 7.5.2. Germany Pharmacy Automation Devices Market
- 7.5.3. France Pharmacy Automation Devices Market
- 7.5.4. Spain Pharmacy Automation Devices Market
- 7.5.5. Italy Pharmacy Automation Devices Market
- 7.5.6. Rest of Europe Pharmacy Automation Devices Market
7.6. Asia-Pacific Pharmacy Automation Devices Market Snapshot
- 7.6.1. China Pharmacy Automation Devices Market
- 7.6.2. India Pharmacy Automation Devices Market
- 7.6.3. Japan Pharmacy Automation Devices Market
- 7.6.4. Australia Pharmacy Automation Devices Market
- 7.6.5. South Korea Pharmacy Automation Devices Market
- 7.6.6. Rest of Asia Pacific Pharmacy Automation Devices Market
7.7. Latin America Pharmacy Automation Devices Market Snapshot
- 7.7.1. Brazil Pharmacy Automation Devices Market
- 7.7.2. Mexico Pharmacy Automation Devices Market
7.8. Middle East & Africa Pharmacy Automation Devices Market
- 7.8.1. Saudi Arabia Pharmacy Automation Devices Market
- 7.8.2. South Africa Pharmacy Automation Devices Market
- 7.8.3. Rest of Middle East & Africa Pharmacy Automation Devices Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Amerisource Bergen Corporation
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Accu-Chart Plus Healthcare Systems, Inc.
- 8.3.3. Omnicell, Inc.
- 8.3.4. McKesson Corporation
- 8.3.5. Pearson Medical Technologies
- 8.3.6. Baxter
- 8.3.7. Talyst, LLC (Swisslog Healthcare)
- 8.3.8. Scriptpro LLC
- 8.3.9. Fulcrum Pharmacy Management, Inc.
- 8.3.10. Health Robotics S.R.L.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Pharmacy Automation Devices Market, report scope
TABLE 2. Global Pharmacy Automation Devices Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Pharmacy Automation Devices Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 4. Global Pharmacy Automation Devices Market estimates & forecasts by End-use 2020-2030 (USD Billion)
TABLE 5. Global Pharmacy Automation Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Pharmacy Automation Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Pharmacy Automation Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Pharmacy Automation Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Pharmacy Automation Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Pharmacy Automation Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Pharmacy Automation Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Pharmacy Automation Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Pharmacy Automation Devices Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Pharmacy Automation Devices Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Pharmacy Automation Devices Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Pharmacy Automation Devices Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Pharmacy Automation Devices Market
TABLE 70. List of primary sources, used in the study of global Pharmacy Automation Devices Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable.

LIST OF FIGURES

FIG 1. Global Pharmacy Automation Devices Market, research methodology
FIG 2. Global Pharmacy Automation Devices Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Pharmacy Automation Devices Market, key trends 2022
FIG 5. Global Pharmacy Automation Devices Market, growth prospects 2023-2030
FIG 6. Global Pharmacy Automation Devices Market, porters 5 force model
FIG 7. Global Pharmacy Automation Devices Market, pest analysis
FIG 8. Global Pharmacy Automation Devices Market, value chain analysis
FIG 9. Global Pharmacy Automation Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Pharmacy Automation Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Pharmacy Automation Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Pharmacy Automation Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Pharmacy Automation Devices Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Pharmacy Automation Devices Market, regional snapshot 2020 & 2030
FIG 15. North America Pharmacy Automation Devices Market 2020 & 2030 (USD Billion)
FIG 16. Europe Pharmacy Automation Devices Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Pharmacy Automation Devices Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Pharmacy Automation Devices Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Pharmacy Automation Devices Market 2020 & 2030 (USD Billion)