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The global pharmacy automation devices market was valued at USD 5.72 Billion in 2022 and grew at a CAGR of 7.33% from 2023 to 2032. The market is expected to reach USD 11.60 Billion by 2032. The increasing demand for pharmacy automation devices can be attributed to the rising automation requirement among end-users. These pharmacy automation devices enable efficient drug sorting, storing and distribution, leading to higher usage in pharmacies and hospitals.
Pharmacy automation devices enable electronic sorting, distribution, packaging, and counting prescription drugs. Among the many benefits of pharmacy automation devices are increased productivity, higher accuracy and lower labour costs. Without manually entering the patients' meds, chemists can sync and keep track of them by using the dispensing equipment. Dispensing pharmaceuticals is a significant challenge for pharmacies because it can introduce numerous errors and impurities. Pharmacy automation devices offer pharmacy managers several advantages, such as better space savings, greater inventory control, improved narcotics security, and increased accuracy and speed.
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Increasing use of pharmacy automation among end-users: Hospitals use pharmacy automation devices to help patients receive better care and save money over the long run. By introducing automation into the hospital setting, the pharmacy personnel will no longer be required to count drugs in the hospital basement. Hospitals need to be sufficiently young to construct floors to allow pharmacy automation. Thus, new dispensing cabinets are currently being designed around existing hospital floor designs for optimal use of space. The significant advancement in pharmacy automation over the past ten years has been the development of more effective, adaptable drug-dispensing cabinets with high-capacity drawers that can be coupled in various ways to meet a facility's specific requirements. Due to this flexibility, the automation footprint on hospital floors has been significantly decreased, and it is now possible to run more technologies through a single cabinet.
High capital cost: The market for pharmacy automation devices may be hampered by the high installation cost. Pharmacy automation devices are costly as it is equipped with several features. Given the quantity required for manufacturing material requirements, specifically for large-scale pharmacy automation devices, these equipment are erratic and expensive.
Growing technical advancements: The technological advancements in pharmacy automation device production provide lucrative market opportunities, especially in developing regions like Asia-Pacific. Medication dispensing systems, telepharmacy, robotics, and automated inventory management systems are now the most recent trends in the global market for pharmacy automation systems. Many of these gadgets serve distinct functions, yet they all work towards the same objective: to increase patient outcomes and accuracy while lowering prescription errors and costs. Pharmacy robotics are mechanical systems that, once designed, replicate human behaviour without constant assistance from the operator.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant Pharmacy Automation Devices market, with a 43.02% market revenue share in 2022.
North America region will account for the largest market share with revenue growth. Nations such as the U.S. and Canada have a tremendous demand for pharmacy automation devices due to growing requirements in the pharmacy and healthcare industry. The increasing number of manufacturers developing high-end pharmacy automation devices will provide lucrative opportunities to the market.
North America region Pharmacy Automation Devices Market Share in 2022 - 43.02%
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The product type segment is divided into automated medication storage and dispensing systems, automated tabletop counters, automated labelling and packaging systems, automated medication compounding systems and others. The automated medication storage and dispensing systems segment further includes automated dispensing cabinets, robotic automated dispensing systems and carousels. The automated medication storage and dispensing systems segment dominated the market, with a share of around 31.83% in 2022. Hospitals and healthcare organizations have recently embraced automated medication storage and dispensing systems to enhance patient care and increase performance. Automated medication storage and dispensing systems offer significant advantages over manual systems in the medical setting.
The application segment is divided into inventory management, drug storage and drug packaging and dispensing. The drug packaging and dispensing segment dominated the market, with a share of around 46.02% in 2022. End-users are decentralizing the drug packaging and dispensing function to make it available at the point of service as part of the shift towards greater efficiencies. The automated administration device offers incredibly high levels of task verification, accuracy, and efficiency of drug dispensing.
The end-users segment is divided into retail pharmacies, inpatient pharmacies, outpatient pharmacies and mail order pharmacies & pharmacy benefit management organizations. The inpatient pharmacies segment dominated the market, with a share of around 39.55% in 2022. The inpatient pharmacies install pharmacy automation devices for a more effective flow of medication and information throughout their operations.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 5.72 Billion |
| Market size value in 2032 | USD 11.60 Billion |
| CAGR (2023 to 2032) | 7.33% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Application and End-users |
As per The Brainy Insights, the size of the pharmacy automation devices market was valued USD 5.72 billion in 2022 to USD 11.60 billion by 2032.
Global pharmacy automation devices market is growing at a CAGR of 7.33% during the forecast period 2023-2032.
North America region emerged as the largest market for the pharmacy automation devices.
The market's growth will be influenced by the increasing demand of pharmacy automation devices in different end-user industries.
The high cost can hamper the market growth.
The increasing technological advancements is providing huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by End-users
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing use of pharmacy automation devices in pharmacies
5.3. Restraints
5.3.1. High capital cost
5.4. Opportunities
5.4.1. Increasing technological advancements
5.5. Challenges
5.5.1. Stringent regulations
6. Global Pharmacy Automation Devices Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Automated Medication Storage and Dispensing Systems
6.2.1. Automated Dispensing Cabinets
6.2.2. Robotic Automated Dispensing Systems
6.2.3. Carousels
6.3. Automated Tabletop Counters
6.4. Automated Labelling and Packaging Systems
6.5. Automated Medication Compounding Systems
6.6. Others
7. Global Pharmacy Automation Devices Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Inventory Management
7.3. Drug Storage
7.4. Drug Packaging and Dispensing
8. Global Pharmacy Automation Devices Market Analysis and Forecast, By End-users
8.1. Segment Overview
8.2. Retail Pharmacies
8.3. Inpatient Pharmacies
8.4. Outpatient Pharmacies
8.5. Mail Order Pharmacies & Pharmacy Benefit Management Organizations
9. Global Pharmacy Automation Devices Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Pharmacy Automation Devices Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Pharmacy Automation Devices Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Amerisource Bergen Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Healthcare Systems, Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Accu-Chart Plus
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Omnicell, Inc.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Pearson Medical Technologies
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. McKesson Corporation
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Baxter
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Talyst, LLC
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Fulcrum Pharmacy Management, Inc.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Scriptpro LLC
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Health Robotics S.R.L.
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Aesynt, Inc
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Medacist Solutions Group, LLC
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Pyxis Corporation
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Cerner Oracle
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Kirby Lester
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Forhealth Technologies iA
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. Touchpoint Medical
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
11.19. ARxIUM
11.19.1. Business Overview
11.19.2. Company Snapshot
11.19.3. Company Market Share Analysis
11.19.4. Company Product Portfolio
11.19.5. Recent Developments
11.19.6. SWOT Analysis
11.20. Deenova S.R.L Parata Systems, LLC
11.20.1. Business Overview
11.20.2. Company Snapshot
11.20.3. Company Market Share Analysis
11.20.4. Company Product Portfolio
11.20.5. Recent Developments
11.20.6. SWOT Analysis
11.21. Yuyama Co. Ltd.
11.21.1. Business Overview
11.21.2. Company Snapshot
11.21.3. Company Market Share Analysis
11.21.4. Company Product Portfolio
11.21.5. Recent Developments
11.21.6. SWOT Analysis
11.22. Swisslog Healthcare
11.22.1. Business Overview
11.22.2. Company Snapshot
11.22.3. Company Market Share Analysis
11.22.4. Company Product Portfolio
11.22.5. Recent Developments
11.22.6. SWOT Analysis
11.23. CareFusion
11.23.1. Business Overview
11.23.2. Company Snapshot
11.23.3. Company Market Share Analysis
11.23.4. Company Product Portfolio
11.23.5. Recent Developments
11.23.6. SWOT Analysis
List of Table
1. Global Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
2. Global Automated Medication Storage and Dispensing Systems, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
3. Global Automated Tabletop Counters, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
4. Global Automated Labelling and Packaging Systems, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
5. Global Automated Medication Compounding Systems, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
6. Global Others, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
7. Global Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
8. Global Inventory Management, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
9. Global Drug Storage, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
10. Global Drug Packaging and Dispensing, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
11. Global Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
12. Global Retail Pharmacies, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
13. Global Inpatient Pharmacies, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
14. Global Outpatient Pharmacies, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
15. Global Mail Order Pharmacies & Pharmacy Benefit Management Organizations, Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
16. Global Pharmacy Automation Devices Market, By Region, 2019-2032 (USD Billion)
17. North America Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
18. North America Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
19. North America Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
20. U.S. Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
21. U.S. Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
22. U.S. Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
23. Canada Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
24. Canada Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
25. Canada Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
26. Mexico Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
27. Mexico Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
28. Mexico Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
29. Europe Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
30. Europe Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
31. Europe Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
32. Germany Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
33. Germany Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
34. Germany Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
35. France Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
36. France Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
37. France Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
38. U.K. Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
39. U.K. Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
40. U.K. Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
41. Italy Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
42. Italy Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
43. Italy Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
44. Spain Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
45. Spain Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
46. Spain Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
47. Asia Pacific Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
48. Asia Pacific Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
49. Asia Pacific Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
50. Japan Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
51. Japan Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
52. Japan Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
53. China Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
54. China Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
55. China Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
56. India Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
57. India Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
58. India Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
59. South America Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
60. South America Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
61. South America Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
62. Brazil Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
63. Brazil Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
64. Brazil Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
65. Middle East and Africa Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
66. Middle East and Africa Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
67. Middle East and Africa Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
68. UAE Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
69. UAE Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
70. UAE Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
71. South Africa Pharmacy Automation Devices Market, By Product Type, 2019-2032 (USD Billion)
72. South Africa Pharmacy Automation Devices Market, By Application, 2019-2032 (USD Billion)
73. South Africa Pharmacy Automation Devices Market, By End-user, 2019-2032 (USD Billion)
List of Figures
1. Global Pharmacy Automation Devices Market Segmentation
2. Pharmacy Automation Devices Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Pharmacy Automation Devices Market Attractiveness Analysis by Product Type
9. Global Pharmacy Automation Devices Market Attractiveness Analysis by Application
10. Global Pharmacy Automation Devices Market Attractiveness Analysis by End-user
11. Global Pharmacy Automation Devices Market Attractiveness Analysis by Region
12. Global Pharmacy Automation Devices Market: Dynamics
13. Global Pharmacy Automation Devices Market Share by Product Type (2022 & 2032)
14. Global Pharmacy Automation Devices Market Share by Application (2022 & 2032)
15. Global Pharmacy Automation Devices Market Share by End-user (2022 & 2032)
16. Global Pharmacy Automation Devices Market Share by Regions (2022 & 2032)
17. Global Pharmacy Automation Devices Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global pharmacy automation devices market based on below mentioned segments:
Global Pharmacy Automation Devices Market by Product Type:
Global Pharmacy Automation Devices Market by Application:
Global Pharmacy Automation Devices Market by End-users:
Global Pharmacy Automation Devices Market by Region:
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