Pharmacy Automation Market Analysis: Growth, Size, Share & Future Trends (2024-2029)

The market report offers a detailed analysis segmented by Product (Automated Medication Dispensing and Storage Systems, Automated Packaging and Labelling Systems, Automated Tabletop Counters, Automated Medication Compounding Systems, Other Pharmacy Automated Systems); by End User (Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Pharmacy Benefit Management); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook 

Global Pharmacy Automation Market Size
Global Pharmacy Automation Market Size 
  • The pharmacy automation market is estimated to be at USD 6,890.21 Mn in 2024 and is anticipated to reach USD 9,940.33 Mn in 2029. 
  • The pharmacy automation market is registering a CAGR of 7.61% during the forecast period of 2024-2029. 
  • The pharmacy automation market is witnessing significant growth due to the increasing demand for efficiency and accuracy in medication dispensing and management. The market is also driven by the need for cost reduction, especially in large healthcare facilities, where managing high volumes of prescriptions manually is challenging.  
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Ecosystem 

Global Pharmacy Automation Market Share
Global Pharmacy Automation Market Share 
  • The participants in the global pharmacy automation industry are always developing their strategies to preserve a competitive advantage.  
  • Leading players continuously invest in innovation, developing advanced solutions such as AI-driven systems and robotic dispensing technologies to stay ahead in the market. 
  • Several important entities in the pharmacy automation market include Beckton Dickinson and Co.; Omnicell, Inc.; Baxter International Inc.; Capsa Solutions, LLC; Yuyama Manufacturing Co., Ltd.; and others. 
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Findings 

Attributes Values 
Historical Period 2018-2022  
Base Year 2023 
Forecast Period 2024-2029   
Market Size (2024) USD 6,890.21 Mn 
Market Size (2029) USD 9,940.33 Mn 
Growth Rate 7.61% CAGR from 2024 to 2029 
Key Segments Product (Automated Medication Dispensing and Storage Systems, Automated Packaging and Labelling Systems, Automated Tabletop Counters, Automated Medication Compounding Systems, Other Pharmacy Automated Systems); End User (Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Pharmacy Benefit Management); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa) 
Key Vendors Beckton Dickinson and Co.; Omnicell, Inc.; Baxter International Inc.; Capsa Solutions, LLC; Yuyama Manufacturing Co., Ltd. 
Key Countries The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa 
Largest Market North America 
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Trends  

  • Medication Dispensing Systems and Robotics: Automated medication dispensing systems and robotic solutions are becoming integral in pharmacies to enhance accuracy and efficiency. These systems reduce the risk of human error by automating the dispensing process, ensuring precise dosage and timely delivery. Robotic systems, such as those by Omnicell and ScriptPro, are particularly effective in high-volume settings, streamlining operations and improving patient safety. 
  • Artificial Intelligence (AI) Integration: AI is increasingly being integrated into pharmacy automation systems to optimize workflow and decision-making processes. AI-driven tools are used for predictive analytics, which help pharmacies manage inventory more effectively and anticipate medication demand. This technology also supports personalized medicine by analyzing patient data, leading to better treatment outcomes and reduced errors. 
  • Automated Inventory Management: Automated systems are streamlining inventory management by tracking stock in real time, reducing the manual burden on staff, and ensuring that pharmacies maintain accurate records. Walgreens has implemented an automated inventory system that uses real-time data to manage stock levels across its vast network of stores. 
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Catalysts 

  • Rising Demand for Efficient Workflow: As pharmacies face growing volumes of prescriptions, the need for efficient workflow management is a major driver for automation. Automated systems can handle large quantities of prescriptions quickly and accurately, which allows pharmacies to manage their operations more efficiently. Omnicell’s automation solutions are widely adopted in busy hospital environments for this reason. 
  • Cost-effectiveness and ROI: The high initial investment in pharmacy automation is offset by the long-term cost savings and return on investment (ROI) that these systems offer. Automation reduces labor costs, minimizes waste, and improves inventory management, leading to significant savings for healthcare facilities over time. 
  • Regulatory Compliance and Safety Standards: Stringent regulatory requirements around medication dispensing and patient safety are driving the adoption of automation technologies that ensure compliance with these standards. Automated systems provide accurate record-keeping, real-time monitoring, and traceability, which are crucial for meeting regulatory demands. 
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Restraints 

  • Technical Complexity and Maintenance: The complexity of pharmacy automation systems, including the need for regular maintenance and potential technical issues, can be challenging for some facilities to manage. Ensuring that staff are adequately trained to operate and troubleshoot these systems is critical. 
  • Integration with Legacy Systems: Integrating new automation technologies with existing legacy systems can be problematic, leading to potential disruptions in pharmacy operations. Seamless integration is essential for maximizing the benefits of automation. When Kaiser Permanente integrated its new automated medication dispensing system with its legacy electronic health record (EHR) system, it faced significant challenges. 
  • Cybersecurity Concerns: As pharmacy automation systems increasingly rely on digital platforms and connectivity, the risk of cyberattacks and data breaches becomes a significant concern. Protecting patient data and ensuring system security are paramount. 
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Hotspot  

Global Landscape of Pharmacy Automation Market
Global Landscape of Pharmacy Automation Market 
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Table of Contents 

1.       Introduction 
       1.1.    Research Methodology 
       1.2.    Scope of the Study 
2.       Market Overview / Executive Summary 
       2.1.    Global Pharmacy Automation Market (2018 – 2022) 
       2.2.    Global Pharmacy Automation Market (2023 – 2029) 
3.       Market Segmentation 
       3.1.    Global Pharmacy Automation Market by Product 
              3.1.1.    Automated Medication Dispensing and Storage System 
              3.1.2.    Automated Packaging and Labelling Systems 
              3.1.3.    Automated Tabletop Counters 
              3.1.4.    Automated Medication Compounding Systems 
              3.1.5.    Other Pharmacy Automated Systems 
       3.2.    Global Pharmacy Automation Market by End User 
              3.2.1.    Inpatient Pharmacies 
              3.2.2.    Out Patient Pharmacies 
              3.2.3.    Retail Pharmacies 
              3.2.4.    Pharmacy Benefit Management 
4.       Regional Segmentation 
       4.1.    North America 
              4.1.1.    The US 
              4.1.2.    Canada 
              4.1.3.    Mexico 
       4.2.    South America 
              4.2.1.    Brazil 
              4.2.2.    Argentina 
              4.2.3.    Colombia 
              4.2.4.    Chile 
              4.2.5.    Rest of South America 
       4.3.    Asia Pacific 
              4.3.1.    China 
              4.3.2.    India 
              4.3.3.    Japan 
              4.3.4.    South Korea 
              4.3.5.    Rest of Asia Pacific 
       4.4.    Europe 
              4.4.1.    The UK  
              4.4.2.    Germany 
              4.4.3.    Italy 
              4.4.4.    France 
              4.4.5.    Spain 
              4.4.6.    Rest of Europe 
       4.5.    The Middle East 
              4.5.1.    Turkey 
              4.5.2.    UAE 
              4.5.3.    Saudi Arabia 
              4.5.4.    Rest of the Middle East 
       4.6.    Africa 
              4.6.1.    Egypt 
              4.6.2.    South Africa 
              4.6.3.    Rest of Africa 
5.       Value Chain Analysis of the Global Pharmacy Automation Market 
6.       Porter Five Forces Analysis 
       6.1.    Threats of New Entrants 
       6.2.    Threats of Substitutes 
       6.3.    Bargaining Power of Buyers 
       6.4.    Bargaining Power of Suppliers 
       6.5.    Competition in the Industry 
7.       Trends, Drivers and Challenges Analysis 
       7.1.    Market Trends 
       7.1.1.    Market Trend 1 
       7.1.2.    Market Trend 2 
       7.1.3.    Market Trend 3 
       7.2.    Market Drivers 
       7.2.1.    Market Driver 1 
       7.2.2.    Market Driver 2 
       7.2.3.    Market Driver 3 
       7.3.    Market Challenges 
       7.3.1.    Market Challenge 1 
       7.3.2.    Market Challenge 2 
       7.3.3.    Market Challenge 3 
8.       Opportunities Analysis 
       8.1.    Market Opportunity 1 
       8.2.    Market Opportunity 2 
       8.3.    Market Opportunity 3 
9.       Competitive Landscape 
       9.1.    Beckton Dickinson and Co. 
       9.2.    Omnicell, Inc. 
       9.3.    Baxter International Inc. 
       9.4.    Capsa Solutions, LLC 
       9.5.    Yuyama Manufacturing Co., Ltd. 
       9.6.    Company 6 
       9.7.    Company 7 
       9.8.    Company 8 
       9.9.    Company 9 
       9.10.  Company 10 
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Pharmacy Automation Market – FAQs 

1.  What is the current size of the pharmacy automation market? 

Ans. In 2024, the pharmacy automation market size is USD 6,890.21 Mn. 

2.  Who are the major vendors in the pharmacy automation market?  

Ans. The major vendors in the pharmacy automation market are Beckton Dickinson and Co.; Omnicell, Inc.; Baxter International Inc.; Capsa Solutions, LLC; Yuyama Manufacturing Co., Ltd. 

3.  Which segments are covered under the pharmacy automation market segments analysis?  

Ans. The pharmacy automation market report offers in-depth insights into Product, End User, and Geography.