Pharmacy Automation Market Size, End-User Analysis and Forecast Report till 2027

Posted by Johnny on July 19th, 2022

Pharmacy Automation Industry Overview

The pharmacy automation market is projected to reach USD 8.2 billion by 2027 from USD 5.6 billion in 2022, at a CAGR of 7.9% during the forecast period.

Growth in the market is mainly driven by the growing need to minimize medication errors, the rapid decentralization of pharmacies, and the rising geriatric population leading to increased adoption of automated dispensing systems.

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COVID-19 Impact on Pharmacy Automation Market

According to our findings, the pharmacy automation market is expected to grow at an approximate CAGR of 7.7-8.0% during the next two years. According to our analysis, the below factors are playing a key role in shaping the growth of the global market;

• Due to the COVID-19 outbreak, the pharmaceutical industry registered significant growth in 2020 and 2021, but the industry’s entire supply chain, from raw materials to manufacturing and delivery, was severely impacted.
• The high infection rate of COVID-19 led to an increased demand for medication and drug dispensing in hospitals. The pandemic increased the demand for medications to provide life-saving support to critically ill COVID-positive patients. Approximately 15% of COVID-positive patients required hospitalization and needed constant dispensing of drugs from pharmacies.
• The shift in demand towards automated systems forced key players to strategize their manufacturing capabilities, focus on new product development, and seek out optimum supply chain strategies for COVID-19 essentials.

Pharmacy Automation Market Segmentation

The automated medication dispensing and storage system segment accounted for the largest share in 2021

Based on products, the pharmacy automation market is segmented into automated medication dispensing and storage systems, automated packaging and labeling systems, automated tabletop counters, automated medication compounding systems, and other pharmacy automation systems.

The inpatient pharmacies segment accounted for the largest share of the pharmacy automation market

Based on end users, the pharmacy automation market is segmented into inpatient pharmacies, outpatient pharmacies, retail pharmacies, and pharmacy benefit management organizations and mail-order pharmacies.

Pharmacy Automation Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Companies Profile & Market Share Insights

The prominent players in the pharmacy automation market are Becton, Dickinson and Company (US), Omnicell, Inc. (US), KUKA AG (Swisslog Healthcare) (Germany), Baxter International Inc. (US), Capsa Healthcare (US), Cerner Corporation (US), Yuyama Co., Ltd. (Japan), ARxIUM Inc. (US), Parata Systems, LLC (US), RxSafe, LLC (US), and ScriptPro LLC (US).

Becton, Dickinson and Company (BD) (US): As a global manufacturer of high-quality pharmacy automation products, BD aims to further strengthen its market position through organic growth strategies such as investments in research & development activities.

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