The Business Research Company’s report on the Pharmacy Automation Devices Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the pharmacy automation devices industry?
Growing prescription volume is expected to propel the growth of the pharmacy automation devices market going forward. Prescription volume is rising due to an aging population, increased prevalence of chronic diseases, and greater access to healthcare services. Pharmacy automation devices streamline prescription processing, reducing errors and improving efficiency to handle increasing prescription volumes. For instance, in July 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, in 2022–23, PBS prescriptions were dispensed to 17.8 million Australians, representing 67% of the population. Prescription dispensing rates rose with age, with the lowest rates observed among individuals aged 0–14 (184 prescriptions per 100 people in this age group), while the highest rates were seen in those aged 85 and older (6,031 prescriptions per 100 people in this age group). Therefore, the growing prescription volume is driving the pharmacy automation devices market.
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What is the estimated market size of the pharmacy automation devices sector by 2029, based on current forecasts?
The pharmacy automation devices market size has grown rapidly in recent years. It will grow from $6.06 billion in 2024 to $6.73 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increasing prescription volume, demand for error reduction, pressure to improve operational efficiency, regulatory compliance requirements, pharmacy workforce shortages, patient demand for quick service, inventory management challenges.
The pharmacy automation devices market size is expected to see rapid growth in the next few years. It will grow to $10.1 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to globalization of pharmacy services, pharmacy workflow optimization, growing emphasis on preventive care, patient-centric medication management, focus on sustainable practices, expansion of telemedicine services. Major trends in the forecast period include adoption of robotics and automation, centralized automated dispensing systems (cads), integration of artificial intelligence (ai), telepharmacy services, medication verification technologies, automated prescription filling machines.
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#Who are the top players in the pharmacy automation devices market?
Major companies operating in the pharmacy automation devices market are Omnicell Inc., McKesson Corporation, Baxter International Inc., Becton Dickinson & Company, Cerner Corporation, ARxIUM Inc., Capsa Healthcare, ScriptPro LLC, Deenova SRL, Swisslog Healthcare, RxSafe LLC, Yuyama Co Ltd., Accu Chart Plus Healthcare Systems Inc., Amerisource Bergen Corp, Talyst LLC, Medacist Solutions Group LLC, Kirby Lester, TouchPoint Medical, Kuka AG, Danaher Corporation, Lonza Group., Parata Systems LLC, Aesynt Incorporated, Innovation PharmaAssist Robotics Pvt Ltd., ForHealth Technologies, Health Robotics Srl, Pearson Medical Technologies LLC, R/X Automation Solutions Inc., Talon Innovations Corporation, Tension Packaging & Automation
#What are the major trends in the pharmacy automation devices market?
Product innovation is the key trend gaining popularity in the pharmacy automation devices market. Major companies operating in the pharmacy automation devices market are focused on developing new and innovative solutions to meet customer demand. For instance, in July 2023, Deenova, an Italy-based, undisputed leading supplier of combined robotic and automation solutions, launched its innovative product line, AIDE. This launch involves the deployment of two innovative automation systems AIDE-CUT, designed for the repackaging of medications into unit doses, and AIDE-PICK, which automates the dispensing of patient therapies. These advanced systems aim to enhance operational efficiency and ensure full medication traceability within the hospital’s medication management processes.
Which geography holds the highest pharmacy automation devices market share?
North America was the largest region in the pharmacy automation devices market in 2024. The regions covered in the pharmacy automation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the pharmacy automation devices market?
The pharmacy automation devices market covered in this report is segmented –
1) By Product: Medication Dispensing Systems, Packaging And Labeling Systems, Storage And Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters
2) By End-User: Retail Pharmacy, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations And Mail-Order Pharmacies
Subsegments:
1) By Medication Dispensing Systems: Automated Dispensing Machines, Robotic Dispensing Systems
2) By Packaging And Labeling Systems: Automated Packaging Machines, Labeling Systems For Prescription Medications
3) By Storage And Retrieval Systems: Automated Storage Systems, Carousel Storage Systems
4) By Automated Medication Compounding Systems: IV Compounding Systems, Oral Compounding Systems
5) By Tabletop Tablet Counters: Electronic Tablet Counters, Manual Tablet Counters
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What defines the structure and scope of the pharmacy automation devices market?
Pharmacy automation devices automate the distribution, sorting, packaging, and counting of prescription medications, which are used to minimize the possibility of errors and increase direct patient care.
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