- Systems
- Software
- Services
Pharmacy Automation Market size was valued at USD USD 5,306.3 million in 2022 and is poised to grow at an 8.2 % CAGR from 2023 to 2029. Pharmacy automation refers to the use of mechanical technology to digitalize medical and healthcare workflow operations. By fulfilling several jobs, these devices assist in automating regular processes and eliminating human involvement. Among the tasks include mixing liquids and powders for compounding, medicine counting, keeping customer records, and inventory control. They also help to reduce errors in pharmaceutical packaging and delivery. Moreover, pharmacy automation monitors narcotics and other controlled drugs, tracks consumption patterns, and ensures maximum operating efficiency. The pharmacy automation industry has grown fast in recent years and is expected to develop substantially over the forecast period. As a result, the number of prescriptions written for chronic and life-threatening diseases is increasing.
According to the June 2021 publication of the report "Economic analysis of the prevalence and clinical and economic burden of medication errors in England," the NHS in England produces an estimated 237 million prescription errors per year, resulting in hundreds of fatalities. As a result, hospitals and pharmacies are implementing innovative pharmacy automation technologies to save costs while boosting patient safety. Furthermore, the industry is expanding due to increased awareness among pharmacists. This would create positive chances for the pharmacy automation market's growth. Because of the increasing patient load, pharmacists have witnessed an increase in drug mistakes and longer patient wait times because of outdated pharmacy operating procedures. Healthcare workers are becoming more aware of drug errors and adverse outcomes, and their concerns are growing. Moreover, rising investment in the development of advanced technologies and an increase in the number of emerging markets will provide beneficial opportunities for the pharmacy automation market growth during the forecast period. On the other side, medication approval delays and poor order communication between physicians and pharmacists will stymie industry expansion. The pharmacy automation industry will be challenged by a shortage of qualified experts and a lack of healthcare infrastructure in developing nations.
Pharmacy Automation Market Key Developments:
- In 2022, Capsa Healthcare has announced the acquisition of Humanscale Healthcare (US), a New York-based designer and manufacturer of flexible technology solutions and computing workstations. Capsa currently has the market's biggest product line and is expanding its capacity to provide ergonomically designed point-of-care computer solutions to healthcare partners globally.
Pharmacy Automation Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
8.2%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Pharmacy Automation Market Dynamics
The increasing requirement to reduce prescription errors is a primary driver of the pharmacy automation market's growth pace. Medicines and dispensing errors are two of the leading causes of hospital readmissions across the world. Many factors can contribute to a pharmaceutical error, including insufficient order communication between the doctor and the pharmacist, unsafe pharmacy storage processes, and misunderstanding induced by the use of identical labels. Using automated systems is one of the most effective strategies to eliminate these mistakes.
North-America Got Significant Share
Pharmacy Automation Market Regional Analysis
The global pharmacy automation market is segmented into America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The pharmacy automation market in the Asia Pacific is likely to hold a significant revenue share in 2022, and, in the following years, This can be attributed to the rising demand for health technology solutions and the growing number of companies setting up manufacturing units in APAC countries.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The pharmacy automation market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Pharmacy Automation Market Segmentation
By Product Type
By Pharmacy Type
- Independent
- Chain
- Federal
By Pharmacy Size
- Large Size Pharmacy
- Medium Size Pharmacy
- Small Size Pharmacy
By Application
- Drug Dispensing and Packaging
- Drug Storage
- Inventory Management
LOCATION
Geography
Frequently Asked Questions
Growth in the market is mainly driven by the growing focus on automation to reduce labor costs and increase specialty drug dispensing. Moreover, pharmacy automation companies are seeking new opportunities by expanding their presence across emerging economies.
The high-growth countries in this market are China, the U.S., Germany, and India. These countries are expected to offer significant growth opportunities for the market.
The pharmacy automation market size was valued at USD 5,306.3 million in 2022 and is poised to grow at an 8.2% CAGR from 2023 to 2029.
| 1.Executive Summary |
| 2.Global Pharmacy Automation Market Introduction |
| 2.1.Global Pharmacy Automation Market - Taxonomy |
| 2.2.Global Pharmacy Automation Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Pharmacy Type |
| 2.2.3.Pharmacy Size |
| 2.2.4.Application |
| 2.2.5.Region |
| 3.Global Pharmacy Automation Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Pharmacy Automation Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Pharmacy Automation Market By Product Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Systems |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Software |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Services |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Pharmacy Automation Market By Pharmacy Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Independent |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Chain |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Federal |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Pharmacy Automation Market By Pharmacy Size, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Large Size Pharmacy |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Medium Size Pharmacy |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Small Size Pharmacy |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Pharmacy Automation Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Drug Dispensing and Packaging |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Drug Storage |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Inventory Management |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9.Global Pharmacy Automation Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Pharmacy Automation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Systems |
| 10.1.2.Software |
| 10.1.3.Services |
| 10.2. Pharmacy Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Independent |
| 10.2.2.Chain |
| 10.2.3.Federal |
| 10.3. Pharmacy Size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Large Size Pharmacy |
| 10.3.2.Medium Size Pharmacy |
| 10.3.3.Small Size Pharmacy |
| 10.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Drug Dispensing and Packaging |
| 10.4.2.Drug Storage |
| 10.4.3.Inventory Management |
| 10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Pharmacy Automation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Systems |
| 11.1.2.Software |
| 11.1.3.Services |
| 11.2. Pharmacy Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Independent |
| 11.2.2.Chain |
| 11.2.3.Federal |
| 11.3. Pharmacy Size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Large Size Pharmacy |
| 11.3.2.Medium Size Pharmacy |
| 11.3.3.Small Size Pharmacy |
| 11.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Drug Dispensing and Packaging |
| 11.4.2.Drug Storage |
| 11.4.3.Inventory Management |
| 11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 11.5.7. |
| 12.Asia Pacific (APAC) Pharmacy Automation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Systems |
| 12.1.2.Software |
| 12.1.3.Services |
| 12.2. Pharmacy Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Independent |
| 12.2.2.Chain |
| 12.2.3.Federal |
| 12.3. Pharmacy Size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Large Size Pharmacy |
| 12.3.2.Medium Size Pharmacy |
| 12.3.3.Small Size Pharmacy |
| 12.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Drug Dispensing and Packaging |
| 12.4.2.Drug Storage |
| 12.4.3.Inventory Management |
| 12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Pharmacy Automation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Systems |
| 13.1.2.Software |
| 13.1.3.Services |
| 13.2. Pharmacy Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Independent |
| 13.2.2.Chain |
| 13.2.3.Federal |
| 13.3. Pharmacy Size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Large Size Pharmacy |
| 13.3.2.Medium Size Pharmacy |
| 13.3.3.Small Size Pharmacy |
| 13.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Drug Dispensing and Packaging |
| 13.4.2.Drug Storage |
| 13.4.3.Inventory Management |
| 13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Pharmacy Automation Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 14.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Systems |
| 14.1.2.Software |
| 14.1.3.Services |
| 14.2. Pharmacy Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Independent |
| 14.2.2.Chain |
| 14.2.3.Federal |
| 14.3. Pharmacy Size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Large Size Pharmacy |
| 14.3.2.Medium Size Pharmacy |
| 14.3.3.Small Size Pharmacy |
| 14.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Drug Dispensing and Packaging |
| 14.4.2.Drug Storage |
| 14.4.3.Inventory Management |
| 14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.FarmaTools (Finland) |
| 15.2.2.Deenova S.r.l. (Italy), |
| 15.2.3.KUKA AG (Germany) |
| 15.2.4.Cerner Corporation (US) |
| 15.2.5.OMNICELL, INC. (US) |
| 15.2.6.Capsa Healthcare (US) |
| 15.2.7.McKesson Corporation (US) |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
- APD Algoritmos Procesos y Disenos S.A (Madrid)
- Willach GmbH (Germany)
- JVM Europe BV (Netherlands)
- Mediwell Systems Ltd. (UK)
- Genesis Automation LTD (Ireland)
- PHARMAGEST INTERACTIVE (France)
- FarmaTools (Finland)
- Deenova S.r.l. (Italy),
- KUKA AG (Germany)
- Cerner Corporation (US)
- OMNICELL, INC. (US)
- Capsa Healthcare (US)
- McKesson Corporation (US)