The report "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 to 2027" 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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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. In 2021, inpatient pharmacies accounted for the largest share of this market.
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.
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Key Market Players
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).
The study categorizes the market based on product, end user and regional level.
Global Pharmacy Automation Market, by Product
- Automated Medication Dispensing and Storage Systems
- Automated Packaging and Labelling Systems
- Automated Tabletop Counters
- Automated Medication Compounding Systems
- Other Pharmacy Automation Systems
Global Pharmacy Automation devices Market, by End User
- Inpatient Pharmacies
- Outpatient Pharmacies
- Retail Pharmacies
- Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
Global Pharmacy Automation devices Market, by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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