Pharmacy Automation Devices Market Size, Share, Trends, Global Industry Analysis & Regional Forecasts 2024 to 2029
The pharmacy automation devices market is experiencing steady growth, with a projected CAGR of approximately 8-9% during the forecast period. This expansion is driven by the increasing need for efficient medication management systems, rising demand in hospitals and retail pharmacies, and the growing focus on patient safety through error reduction. To learn more about the research report, download a sample report.
Report Overview
Pharmacy automation devices are systems designed to streamline various pharmacy processes, such as medication dispensing, packaging, labelling, and inventory management. These devices reduce human errors, enhance efficiency, and ensure proper medication tracking, particularly in large hospitals and retail pharmacies. The technology behind automation devices includes robotic dispensing systems, automated storage and retrieval systems, and medication compounding systems. Their implementation helps improve patient safety, reduce operational costs, and optimise workflow within healthcare facilities.
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Increasing Demand for Automated Solutions in Chronic Disease Management
A key factor driving the growing adoption of pharmacy automation devices is the rising need for effective chronic disease management. As the global population ages, the incidence of long-term conditions such as diabetes, cardiovascular disease, and respiratory disorders is surging, requiring continuous medication management. This growing burden on healthcare systems demands error-free, efficient, and scalable dispensing processes to ensure patient safety and timely delivery of prescriptions. Automation technology plays a crucial role by streamlining these tasks, reducing human error, and allowing pharmacies to handle high prescription volumes more effectively. With chronic disease cases expected to rise further, the demand for automated pharmacy systems is anticipated to increase, making them essential for hospitals and retail pharmacies to keep pace with patient needs.
AI and Predictive Analytics: A Game-Changer for Pharmacy Automation
The integration of AI and predictive analytics is emerging as a game-changing trend in the pharmacy automation market. AI-enabled systems are significantly improving the ability to forecast medication demand by analyzing consumption patterns, patient data, and inventory levels, allowing pharmacies to optimize stock management and reduce the risk of shortages or overstocking. In addition, machine learning algorithms are enabling more accurate and personalized medication dispensing, ensuring the right dose is provided based on individual treatment plans. This not only enhances operational efficiency but also improves patient outcomes by minimizing dispensing errors. The rise of AI-driven solutions is transforming the pharmacy landscape, positioning these advancements as vital for the future of automation in healthcare settings.
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Competitive Landscape Analysis
The global pharmacy automation devices market is marked by the presence of established and emerging market players such as Amerisource Bergen Corporation (Cencora); Accu-Chart Plus; Healthcare Systems, Inc.; Omnicell, Inc.; McKesson Corporation; Pearson Medical Technologies; Baxter; Scriptpro LLC; Deenova S.R.L; Fulcrum Pharmacy Management, Inc.; Swisslog Healthcare, and Yuyama Co. Ltd among others. Some of the key strategies adopted by market players include product innovation and development, strategic partnerships and collaborations, and geographic expansion.
Report Scope
| Report Scope | Details |
| Base Year Considered | 2023 |
| Historical Data | 2022 - 2023 |
| Forecast Period | 2024 - 2029 |
| Growth Rate | CAGR of 8-9% |
| Market Drivers |
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| Attractive Opportunities |
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| Segment Scope | Product and End User |
| Regional Scope |
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| Key Companies Mapped | Amerisource Bergen Corporation (Cencora); Accu-Chart Plus; Healthcare Systems, Inc.; Omnicell, Inc.; McKesson Corporation; Pearson Medical Technologies; Baxter; Scriptpro LLC; Deenova S.R.L; Fulcrum Pharmacy Management, Inc.; Swisslog Healthcare, and Yuyama Co. Ltd among others |
| Report Highlights | Market Size & Forecast, Growth Drivers & Restraints, Trends, Competitive Analysis |
Global Pharmacy Automation Devices Market Segmentation
This report by Medi-Tech Insights provides size of the pharmacy automation devices at the regional- and country-level from 2022 to 2029. The report further segments the market on the basis of product, and end user.
- Market Size & Forecast (2022-2029), By Product, USD Million
- Medication Dispensing Systems
- Robots/Robotic Automated Dispensing Systems
- Carousels
- Automated Dispensing Cabinets
- Automated Medication Compounding Systems
- Tabletop Tablet Counters
- Packaging and Labelling Systems
- Storage and Retrieval Systems
- Medication Dispensing Systems
- Market Size & Forecast (2022-2029), By End User, USD Million
- Retail Pharmacy
- Inpatient Pharmacies
- Outpatient Pharmacies
- Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
- Market Size & Forecast (2022-2029), By Region, USD Million
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
- North America
Key Strategic Questions Addressed
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What is the market size & forecast of the pharmacy automation devices market?
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What are historical, present, and forecasted market shares and growth rates of various segments and sub-segments of the pharmacy automation devices market?
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What are the key trends defining the market?
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What are the major factors impacting the market?
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What are the opportunities prevailing in the market?
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Which region has the highest share in the global market? Which region is expected to witness the highest growth rate in the next 5 years?
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Who are the major players operating in the market?
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What are the key strategies adopted by players?
- Introduction
- Introduction
- Market Scope
- Market Definition
- Segments Covered
- Regional Segmentation
- Research Timeframe
- Currency Considered
- Study Limitations
- Stakeholders
- List of Abbreviations
- Key Conferences and Events (2023-2024)
- Research Methodology
- Secondary Research
- Primary Research
- Market Estimation
- Bottom-Up Approach
- Top-Down Approach
- Market Forecasting
- Executive Summary
- Pharmacy Automation Devices Market Snapshot (2023-2029)
- Segment Overview
- Regional Snapshot
- Competitive Insights
- Market Overview
- Market Dynamics
- Drivers
- Increased need for long-term medication management of chronic diseases
- Growing elderly population leading to higher prescription volumes
- Rising focus on improved patient safety and reducing medication errors
- Need for streamlined workflow and reduced cost in healthcare facilities
- Expansion of healthcare infrastructure and retail pharmacy chains
- Restraints
- High initial investment costs of automation devices
- Lack of skilled professionals for system operation and maintenance
- Integration challenges with existing pharmacy management systems
- Opportunities
- Increased focus on precision medicine
- Growing healthcare infrastructure in developing regions
- Key Market Trends
- Integration of AI in pharmacy automation systems
- Increased adoption of robotic dispensing and medication compounding systems
- Unmet Market Needs
- Industry Speaks
- Regulatory Analysis
- Drivers
- Market Dynamics
- Global Pharmacy Automation Devices Market Size & Forecast (2022-2029), By Product, USD Million
- Introduction
- Medication Dispensing Systems
- Robots/Robotic Automated Dispensing Systems
- Carousels
- Automated Dispensing Cabinets
- Automated Medication Compounding Systems
- Tabletop Tablet Counters
- Packaging and Labelling Systems
- Storage and Retrieval Systems
- Global Pharmacy Automation Devices Market Size & Forecast (2022-2029), By End User, USD Million
- Introduction
- Retail Pharmacies
- Outpatient Pharmacies
- Inpatient Pharmacies
- Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
- Global Pharmacy Automation Devices Market Size & Forecast (2022-2029), By Region, USD Million
- Introduction
- North America Pharmacy Automation Devices Market Size & Forecast (2022-2029), By Country, USD Million
- US
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Canada
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- US
- Europe Pharmacy Automation Devices Market Size & Forecast (2022-2029), By Country, USD Million
- UK
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Germany
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- France
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Italy
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Spain
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Rest of Europe
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- UK
- North America Pharmacy Automation Devices Market Size & Forecast (2022-2029), By Country, USD Million
- Introduction
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- Asia Pacific (APAC) Pharmacy Automation Devices Market Size & Forecast (2022-2029), By Country, USD Million
- China
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Japan
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- India
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Rest of Asia Pacific
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- China
- Latin America (LATAM) Pharmacy Automation Devices Market Size & Forecast (2022-2029), USD Million
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Middle East & Africa (MEA) Pharmacy Automation Devices Market Size & Forecast (2022-2029), USD Million
- Market Size & Forecast, By Product (USD Million)
- Market Size & Forecast, By End User (USD Million)
- Asia Pacific (APAC) Pharmacy Automation Devices Market Size & Forecast (2022-2029), By Country, USD Million
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- Competitive Landscape
- Key Players and their Competitive Positioning
- Key Player Comparison
- Segment-wise Player Mapping
- Market Share Analysis (2023)
- Company Categorization Matrix
- Dominants/Leaders
- New Entrants
- Emerging Players
- Innovative Players
- Key Strategies Assessment, By Player (2022-2024)
- New Product Launches
- Partnerships, Agreements, & Collaborations
- Mergers & Acquisitions
- Geographic Expansion
- Key Players and their Competitive Positioning
- Company Profiles*
(Business Overview, Financial Performance**, Products Offered, Recent Developments)
- Amerisource Bergen Corporation (Cencora)
- Accu-Chart Plus
- Healthcare Systems, Inc.
- Omnicell, Inc.
- McKesson Corporation
- Pearson Medical Technologies
- Baxter
- Scriptpro LLC
- Deenova S.R.L
- Swisslog Healthcare
- Other Prominent Players
The study has been compiled based on extensive primary and secondary research.
Secondary Research (Indicative List)
Primary Research
To validate research findings (market size & forecasts, market segmentation, market dynamics, competitive landscape, key industry trends, etc.), extensive primary interviews were conducted with both supply and demand-side stakeholders.
Supply Side Stakeholders:
- Senior Management Level: CEOs, Presidents, Vice-Presidents, Directors, Chief Technology Officers, Chief Commercial Officers
- Mid-Management Level: Product Managers, Sales Managers, Brand Managers, R&D Managers, Business Development Managers, Consultants
Demand Side Stakeholders:
- Retail Pharmacies, Outpatient Pharmacies, Inpatient Pharmacies and Others
Breakdown of Primary Interviews
Market Size Estimation
Both ‘Top-Down & Bottom-Up Approaches’ were used to derive market size estimates and forecasts
Data Triangulation
Research findings derived through secondary sources & internal analysis was validated with Primary Interviews, Internal Knowledge Repository and Company’s Sales Data
