Pharmacy Automation Market Size, Share, Revenue Outlook, Demand and Industry Is Expected to Reach Highest CAGR of 7.9 %

Posted by Johnny on November 7th, 2022

Pharmacy Automation Market Analysis Overview:

In a recent research report by MarketsandMarkets, the Pharmacy Automation Market is expected to surpass USD 8.2 Billion by the year 2027, from USD 5.6 Billion in 2022, at a CAGR of 7.9 % from 2022 to 2027.

Pharmacy automation devices with the help of analytics and software are changing the face of the retail pharmacy system across the globe. Automation has not only improved the efficiency of the industry several folds but has also made it more profitable.

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Top Key Players of the Pharmacy Automation Market:

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. BD invested USD 1.33 billion and USD 1.09 billion in R&D in 2021 and 2020, respectively.

Automated Medication Dispensing and Storage Systems, By Application/Operation

  •          Centralized Pharmacies
  •          Decentralized Pharmacies
  •          Automated Packaging and Labelling Systems
  •          Automated Tabletop Counters
  •          Automated Medication Compounding Systems
  •          Other Pharmacy Automation Systems

Regional Analysis:

North America– (U.S., Canada, Mexico)

Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)

Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)

Latin America- (Brazil, Argentina, Chile, Rest of Latin America)

Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

Global Pharmacy Automation devices Market, by End User

  •          Inpatient Pharmacies
  •          Outpatient Pharmacies
  •          Retail Pharmacies
  •          Pharmacy Benefit Management Organizations and Mail-Order Pharmacies

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North America holds the largest share of the pharmacy automation market

North America accounted for the largest share of the pharmacy automation market in 2021. Factors such as technological advancements in pharmacy automation systems, growth in the healthcare sector, and the presence of top pharmacy automation system manufacturers in the US are expected to contribute to the growth of the pharmacy automation market in North America.

The study is consolidated into major segments and further into sub-segments, Pharmacy Automation Market by Product (Automated Medication Dispensing & Storage Systems, Table-Top Counters, Retrieval Systems, Medication Compounding), End User (Inpatient, Outpatient (Fast-Track Clinics), Retail Pharmacies) - Global Forecast ( 2022 - 2027 )

The Research Provides Answers to the Following Key Questions:

  •          Where can business owners locate more potential customers during the forecast period, 2022 – 2027?
  •          How are the major vendors operating in the pharmacy automation market planning to reach a potential audience in the emerging economies? Why are sales soaring in certain parts, but dismal in other regions of the world?
  •          How much are the customers willing to pay for the products and services?
  •          How much is the dimension of the pharmacy automation market catered by the major vendors?
  •          How often will the customers buy a product or service during the forecast period, 2022 – 2027?

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