Pharmacy Automation Devices Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	155 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224153

Best Price Guarantee
Price	from $4,850
Length	155 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224153

Pharmacy Automation Devices Market

Growth Factors of Pharmacy Automation Devices Market

The global pharmacy automation devices market size was valued at USD 2.83 billion in 2023 and is projected to grow from USD 3.13 billion in 2024 to USD 6.61 billion by 2032, exhibiting a CAGR of 9.8% during the forecast period of 2024-2032.

The pandemic improved the adoption of pharmacy automation devices as pharmacies sought to improve performance and reduce human error amid rising online prescriptions and telehealth services. This shift highlighted the need for computerized dispensing answers, driving marketplace boom and prompting pharmacies to streamline operations to satisfy new demands, impeding the pharmacy automation devices market growth.

The pharmacy automation devices market is driven by the growing call for efficient medicine control, extended prescription volumes, and the desire to reduce human errors. It also focuses on protecting the affected person and mixing superior technology, like AI and robotics, fueling the market increase.

Robotic automation is an excellent trend in the pharmacy automation devices marketplace. Automated dispensing systems use robots to appropriately and effectively dispense medications, lowering the risk of human error and enhancing universal pharmacy performance, expanding the pharmacy automation devices market share globally. Additionally, robots can manage pharmacy inventory, ensuring correct inventory tiers and preventing shortages. Although not the most effective, this automation streamlines operations; however, it contributes to improved protection and pride for affected persons.

Comprehensive Analysis of Pharmacy Automation Devices Market

The Pharmacy Automation Devices Market is segmented using product, distribution version, and give up user. Computerized medicinal drug meting-out systems lead the product segment due to their accuracy and protection, even as computerized packaging structures develop as pharmacies search for ways to reduce guide errors. In distribution fashions, the decentralized section dominates, is pushed via satellite pharmacies, and automatically meets out shelves, improving affected persons' safety and care efficiency. Hospital pharmacies maintain the most significant proportion among give-up users, focusing on lowering medicinal drug mistakes and managing high prescription volumes, even as retail pharmacies are predicted to make more significant quickly with more automation in prescription filling.

The North America region led the pharmacy automation devices market by benefitting a size of USD 1.35 billion in 2023 due to The increasing release of the latest technologically superior devices and the enormous presence of principal gamers inside the marketplace.

The leading pharmacy automation devices market players significantly shape its growth trajectory and establish industry standards. Key companies, including Omnicell, Inc. (U.S.), BD (U.S.), Yuyama Co., Ltd. (Japan), Baxter (U.S.), Capsa Healthcare (U.S.), ScriptPro LLC (U.S.), RxSafe, LLC (U.S.), NewIcon (Finland), Swisslog Healthcare (KUKA AG) (Switzerland), and JVM (Netherlands), contribute to a competitive landscape that drives innovation and market advancement.

In December 2022, Swisslog Healthcare offered its medicine control solutions at the ASHP Midyear Clinical Meeting & Exhibition, providing operational technology like BoxPicker, PillPick, and AutoPack.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD billion)

Growth Rate CAGR of 9.8% from 2024-2032

Segmentation By Product

Automated Medication Dispensing Systems
Robotic Automated Dispensing Systems
Automated dispensing cabinets
Automated Packaging Systems
Others

By Distribution Model

Centralized
Decentralized

By End User

Hospital Pharmacies
Retail Pharmacies
Others

By Region

North America (By Product, By Distribution Model, By End User, and By Country)
U.S.
Canada
Europe (By Product, By Distribution Model, By End User, and By Country/Sub-region)
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific (By Product, By Distribution Model, By End User, and By Country/Sub-region)
China
Japan
India
Australia
Southeast Asia
Rest of Asia Pacific
Latin America (By Product, By Distribution Model, By End User, and By Country/Sub-region)
Brazil
Mexico
Rest of Latin America
Middle East & Africa (By Product, By Distribution Model, By End User, and By Country/Sub-region)
GCC
South Africa
Rest of Middle East & Africa

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Market Trends
4. Key Insights: 4.1. Prevalence of Drug Dispensing Errors, by Key Countries, 2022/2023; 4.2. Evolution of Pharmacy Automation Devices Market; 4.3. Recent Product Launches, by Key Players; 4.4. Key Industry Developments: Mergers, Acquisitions, and Partnerships; 4.5. Impact of COVID-19 on Global Pharmacy Automation Devices Market
5. Global Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032: 5.1. Market Analysis, Insights and Forecast – By Product; 5.1.1. Automated Medication Dispensing Systems; 5.1.1.1. Robotic Dispensing Systems; 5.1.1.2. Automated Dispensing Cabinets; 5.1.2. Automated Packaging Systems; 5.1.3. Others; 5.2. Market Analysis, Insights and Forecast – By Distribution Model; 5.2.1. Centralized; 5.2.2. Decentralized; 5.3. Market Analysis, Insights and Forecast – By End User; 5.3.1. Hospital Pharmacies; 5.3.2. Retail Pharmacies; 5.3.3. Others; 5.4. Market Analysis, Insights and Forecast – By Region; 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Latin America; 5.4.5. Middle East and Africa
6. North America Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032: 6.1. Market Analysis, Insights and Forecast – By Product; 6.1.1. Automated Medication Dispensing Systems; 6.1.1.1. Robotic Dispensing Systems; 6.1.1.2. Automated Dispensing Cabinets; 6.1.2. Automated Packaging Systems; 6.1.3. Others; 6.2. Market Analysis, Insights and Forecast – By Distribution Model; 6.2.1. Centralized; 6.2.2. Decentralized; 6.3. Market Analysis, Insights and Forecast – By End User; 6.3.1. Hospital Pharmacies; 6.3.2. Retail Pharmacies; 6.3.3. Others; 6.4. Market Analysis, Insights and Forecast – By Country; 6.4.1. U.S.; 6.4.2. Canada
7. Europe Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032: 7.1. Market Analysis, Insights and Forecast – By Product; 7.1.1. Automated Medication Dispensing Systems; 7.1.1.1. Robotic Dispensing Systems; 7.1.1.2. Automated Dispensing Cabinets; 7.1.2. Automated Packaging Systems; 7.1.3. Others; 7.2. Market Analysis, Insights and Forecast – By Distribution Model; 7.2.1. Centralized; 7.2.2. Decentralized; 7.3. Market Analysis, Insights and Forecast – By End User; 7.3.1. Hospital Pharmacies; 7.3.2. Retail Pharmacies; 7.3.3. Others; 7.4. Market Analysis, Insights and Forecast – By Country/Sub-region; 7.4.1. Germany; 7.4.2. U.K.; 7.4.3. France; 7.4.4. Spain; 7.4.5. Italy; 7.4.6. Rest of Europe
8. Asia Pacific Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032: 8.1. Market Analysis, Insights and Forecast – By Product; 8.1.1. Automated Medication Dispensing Systems; 8.1.1.1. Robotic Dispensing Systems; 8.1.1.2. Automated Dispensing Cabinets; 8.1.2. Automated Packaging Systems; 8.1.3. Others; 8.2. Market Analysis, Insights and Forecast – By Distribution Model; 8.2.1. Centralized; 8.2.2. Decentralized; 8.3. Market Analysis, Insights and Forecast – By End User; 8.3.1. Hospital Pharmacies; 8.3.2. Retail Pharmacies; 8.3.3. Others; 8.4. Market Analysis, Insights and Forecast – By Country/Sub-region; 8.4.1. Japan; 8.4.2. China; 8.4.3. India; 8.4.4. Australia; 8.4.5. Southeast Asia; 8.4.6. Rest of Asia Pacific
9. Latin America Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032: 9.1. Market Analysis, Insights and Forecast – By Product; 9.1.1. Automated Medication Dispensing Systems; 9.1.1.1. Robotic Dispensing Systems; 9.1.1.2. Automated Dispensing Cabinets; 9.1.2. Automated Packaging Systems; 9.1.3. Others; 9.2. Market Analysis, Insights and Forecast – By Distribution Model; 9.2.1. Centralized; 9.2.2. Decentralized; 9.3. Market Analysis, Insights and Forecast – By End User; 9.3.1. Hospital Pharmacies; 9.3.2. Retail Pharmacies; 9.3.3. Others; 9.4. Market Analysis, Insights and Forecast – By Country/Sub-region; 9.4.1. Brazil; 9.4.2. Mexico; 9.4.3. Rest of Latin America
10. Middle East & Africa Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032: 10.1. Market Analysis, Insights and Forecast – By Product; 10.1.1. Automated Medication Dispensing Systems; 10.1.1.1. Robotic Dispensing Systems; 10.1.1.2. Automated Dispensing Cabinets; 10.1.2. Automated Packaging Systems; 10.1.3. Others; 10.2. Market Analysis, Insights and Forecast – By Distribution Model; 10.2.1. Centralized; 10.2.2. Decentralized; 10.3. Market Analysis, Insights and Forecast – By End User; 10.3.1. Hospital Pharmacies; 10.3.2. Retail Pharmacies; 10.3.3. Others; 10.4. Market Analysis, Insights and Forecast – By Country/Sub-region; 10.4.1. GCC; 10.4.2. South Africa; 10.4.3. Rest of MEA
11. Competitive Analysis: 11.1. Global Market Share Analysis (2023); 11.2. Company Profiles; 11.2.1. Omnicell, Inc.; 11.2.1.1. Overview; 11.2.1.2. Products & Services; 11.2.1.3. SWOT Analysis; 11.2.1.4. Recent Developments; 11.2.1.5. Strategies; 11.2.1.6. Financials (Based on Availability); 11.2.2. Baxter; 11.2.2.1. Overview; 11.2.2.2. Products & Services; 11.2.2.3. SWOT Analysis; 11.2.2.4. Recent Developments; 11.2.2.5. Strategies; 11.2.2.6. Financials (Based on Availability); 11.2.3. BD; 11.2.3.1. Overview; 11.2.3.2. Products & Services; 11.2.3.3. SWOT Analysis; 11.2.3.4. Recent Developments; 11.2.3.5. Strategies; 11.2.3.6. Financials (Based on Availability); 11.2.4. Capsa Healthcare; 11.2.4.1. Overview; 11.2.4.2. Products & Services; 11.2.4.3. SWOT Analysis; 11.2.4.4. Recent Developments; 11.2.4.5. Strategies; 11.2.4.6. Financials (Based on Availability); 11.2.5. Yuyama Co., Ltd.; 11.2.5.1. Overview; 11.2.5.2. Products & Services; 11.2.5.3. SWOT Analysis; 11.2.5.4. Recent Developments; 11.2.5.5. Strategies; 11.2.5.6. Financials (Based on Availability); 11.2.6. RxSafe, LLC.; 11.2.6.1. Overview; 11.2.6.2. Products & Services; 11.2.6.3. SWOT Analysis; 11.2.6.4. Recent Developments; 11.2.6.5. Strategies; 11.2.6.6. Financials (Based on Availability); 11.2.7. ScriptPro LLC; 11.2.7.1. Overview; 11.2.7.2. Products & Services; 11.2.7.3. SWOT Analysis; 11.2.7.4. Recent Developments; 11.2.7.5. Strategies; 11.2.7.6. Financials (Based on Availability); 11.2.8. NewIcon; 11.2.8.1. Overview; 11.2.8.2. Products & Services; 11.2.8.3. SWOT Analysis; 11.2.8.4. Recent Developments; 11.2.8.5. Strategies; 11.2.8.6. Financials (Based on Availability); 11.2.9. Swisslog Healthcare (KUKA AG); 11.2.9.1. Overview; 11.2.9.2. Products & Services; 11.2.9.3. SWOT Analysis; 11.2.9.4. Recent Developments; 11.2.9.5. Strategies; 11.2.9.6. Financials (Based on Availability); 11.2.10. JVM; 11.2.10.1. Overview; 11.2.10.2. Products & Services; 11.2.10.3. SWOT Analysis; 11.2.10.4. Recent Developments; 11.2.10.5. Strategies; 11.2.10.6. Financials (Based on Availability)