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Global Pharmacy Automation Devices Market Size, Share, Trends: By Product Type: Automated Medication Dispensing Systems, Automated Packaging and Labeling Systems, Automated Tablet Counters, Automated Storage and Retrieval Systems, Other Products; By End User; Regional Analysis; Patent Analysis; Supplier Landscape; 2024-2032
Global Pharmacy Automation Devices Market Outlook
The global pharmacy automation devices market size was valued at USD 5.91 billion in 2023, driven by the increasing emphasis on improving workflow and efficiency of pharmacy practitioners globally. The market is expected to grow at a CAGR of 9.5% during the forecast period of 2024-2032, with the values likely to rise from USD 6.47 billion in 2024 to USD 13.38 billion by 2032.
Pharmacy Automation Devices: Introduction
Pharmacy automation is a mechanically tailored process of handling and distributing medicines. It is aimed at removing repetitive tasks, ensuring accuracy, and efficiency by automating time consuming tasks, like counting pills and putting labels on vials. There are several categories of pharmacy automation devices ranging from programs and websites that help in keeping medical data records, to robots helping in dispensing medicines.
Pharmacy automation devices are designed to improve speed, precision, productivity and manage workflow. It allows a pharmacist to deal with more clinical work and patient centric issues.
Global Pharmacy Automation Devices Market Analysis
With the COVID-19 outbreak, the emphasis on technical automation rose significantly. This is because, during that period, workers decided to work from home, inverse to the high demand for medical operations. The shortage of human workforce propelled hospitals and clinics to lean towards pharmacy automation devices. Hence, the global demand for automation devices has grown significantly during the historical period.
There is a wide range of pharmacy automation devices available in the market. Automated medication dispensing systems, packaging and labelling systems, tablet counters, among others are some of the most common devices in the market. In January 2024, pharmacy chain Walgreens Boots Alliance Inc. was considering selling its pharmacy automation business at USD 2 billion . The unit aids in filling pharmacy prescriptions and is expected to be a major area of interest for major healthcare companies. Therefore, the pharmacy automation devices market value is expected to grow with the rising competition among market leaders.
Pharmacies are shifting towards artificial intelligence (AI), immersive technologies like augmented reality (AR) and virtual reality (VR) to automate the workflow as much as possible. This does not mean that the need for the human workforce is going to deplete but it can facilitate the staff to be involved in customer service and patient care, rather than being caught up in monotonous tasks. The new age pharmacies are expected to see a technology driven future.
Global Pharmacy Automation Devices Market Segmentation
Market Breakup by Product Type
- Automated Medication Dispensing Systems
- Automated Packaging and Labeling Systems
- Automated Tablet Counters
- Automated Storage and Retrieval Systems
- Other Products
Market Breakup by End User
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Pharmacy Automation Devices Market Overview
Most of the pharmacy automation devices market share was owned by North America in the historical period. This can be attributed to massive technological advancements, along with significant merger acquisitions in the healthcare and pharmaceutical industry. For example, in June 2023, BD , one of the leading medical technology companies, acquired Parata systems, a new age pharmacy automation solutions company. With this acquisition, BD seeks to bring a smart and high-tech revolution to the pharmacy automation device market.
Rapid growth is anticipated in the Asian pacific region, owing to high investments from the government to enhance the prevailing infrastructure. Automation systems, robotics along with immersive technologies are a key field of interest for researchers and investors. As hospitals and pharmacies continue to set up, the pharmacy automation systems market demand is expected to face a surge in the territory.
Global Pharmacy Automation Devices Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- ARxIUM
- OMNICELL INC.
- Cerner Corporation
- Capsa Healthcare
- ScriptPro LLC
- RxSafe, LLC
- MedAvail Technologies Inc.
- Asteres Inc.
- InterLink AI Inc.
- BD
- Baxter
- McKesson Corporation
- Innovation Associates
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Pharmacy Automation Devices Market Overview
3.1 Global Pharmacy Automation Devices Market Historical Value (2017-2023)
3.2 Global Pharmacy Automation Devices Market Forecast Value (2024-2032)
4 Global Pharmacy Automation Devices Market Landscape
4.1 Global Pharmacy Automation Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Pharmacy Automation Devices Product Landscape
4.2.1 Analysis by Product Type
5 Global Pharmacy Automation Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Pharmacy Automation Devices Market Segmentation
6.1 Global Pharmacy Automation Devices Market by Product Type
6.1.1 Market Overview
6.1.2 Automated Medication Dispensing Systems
6.1.3 Automated Packaging and Labeling Systems
6.1.4 Automated Tablet Counters
6.1.5 Automated Storage and Retrieval Systems
6.1.6 Other Products
6.2 Global Pharmacy Automation Devices Market by End User
6.2.1 Market Overview
6.2.2 Hospital Pharmacies
6.2.3 Retail Pharmacies
6.2.4 Online Pharmacies
6.2.5 Others
6.3 Global Pharmacy Automation Devices Market by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Pharmacy Automation Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Pharmacy Automation Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Pharmacy Automation Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Pharmacy Automation Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Pharmacy Automation Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 ARxIUM
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 OMNICELL INC.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Cerner Corporation
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Capsa Healthcare
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 ScriptPro LLC
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 RxSafe, LLC
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 MedAvail Technologies, Inc.
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Asteres Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 InterLink AI, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 BD
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Baxter
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 McKesson Corporation
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Innovation Associates
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Pharmacy Automation Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 5.91 billion in 2023, driven by the rising focus at improving efficiency and accuracy of pharmacy practitioners globally.
The market is anticipated to grow at a CAGR of 9.5% during the forecast period of 2024-2032, likely to reach a market value of USD 13.38 billion by 2032.
The need to reduce medical errors, improve efficiency, precision and facilitate pharmacy staff towards critical clinical operations and patient service has been a major driver for high market demand.
Merger acquisitions to bring high-tech development in the pharmacies is a common market trend. The Asian region is expected to see a high growth at the end of the forecast period owing to high investments from the governments.
Pharmacy automation devices include automated medication dispensing systems, automated packaging and labelling systems, automated tablet counters, automated storage and retrieval systems, among other products.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
The end users in the market include hospitals pharmacies, retail pharmacies, and online pharmacies, among others.
Key players involved in the market are ARxIUM, OMNICELL INC., Cerner Corporation, Capsa Healthcare, ScriptPro LLC, RxSafe, LLC, MedAvail Technologies Inc., Asteres Inc., InterLink AI Inc., BD, Baxter, McKesson Corporation, and Innovation Associates.
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