The Business Research Company’s report on the Pharmacy Automation Solution Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the pharmacy automation solution market?
The rising demand for pharmaceuticals is expected to propel the growth of the pharmacy automation solution market going forward. Pharmaceuticals are drugs or medications that prevent, diagnose, treat, or cure diseases or medical conditions. The pharmaceutical industry uses pharmacy automation solutions for drug delivery systems, tablet compression and coating, and liquid dosing as automation in the manufacturing process. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a European trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $384,200 million (€340,000 million) in 2022, with an increase of approximately 4.95% from $366,267 million (€323,950 million) in 2021. Therefore, the rising demand for pharmaceuticals is driving the growth of the pharmacy automation solution market.
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How has the pharmacy automation solution market size evolved, and what are the latest forecasts for its expansion?
The pharmacy automation solution market size has grown strongly in recent years. It will grow from $7.76 billion in 2024 to $8.51 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increased prescription volume, medication error reduction, labor shortages in healthcare, regulatory compliance requirements, and patient demand for convenience
The pharmacy automation solution market size is expected to see rapid growth in the next few years. It will grow to $13.82 billion in 2029 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to telehealth and remote pharmacy services, integration with electronic health records (EHRs), advanced medication management, pharmacy workload optimization, and global healthcare trends. Major trends in the forecast period include inventory management solutions, patient-centric approaches, regulatory compliance, data analytics and reporting, and interoperability with electronic health records (EHR).
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Which major companies dominate the pharmacy automation solution market?
Major companies operating in the pharmacy automation solution market include McKesson Corporation, AmerisourceBergen Corporation, Cerner Corporation, MedAvail Technologies Inc., Baxter International Inc., Grifols Shared Services North America Inc., KUKA AG, Omnicell Inc., Swisslog Holding AG, Pearson Medical Technologies UK, Parata Systems LLC, TOSHO Co. Inc., ScriptPro LLC, ABX Engineering Inc., Innovation Associates Inc., Mediware Information Systems Inc., ARxIUM, Capsa Solutions LLC, Kirby Lester LLC, MEPS Real-Time Inc., RxSafe LLC, ForHealth Technologies Inc., Medacist Solutions Group, Yuyama Inc., Talis Clinical LLC, Willach Group.
What trends will shape the future of the pharmaceutical pellets market?
Product innovations are a key trend gaining popularity in the pharmacy automation solution market. Major companies operating in the pharmacy automation solution market are focused on developing innovative products to sustain their position in the market. For instance, in March 2022, Deenova Srl, an Italy-based pharmacy automation solutions company, launched the EAHP D3 innovative addition product for pharmacy automation solutions. The solutions include AIDE-Cut, AIDE-Pack, and AIDE-Pick, where AIDE-Cut is a mechatronic system for packing oral solid pharmaceuticals in unit doses. The AIDE-Pack is used to repackage all pharmaceutical types (oral and non-oral) in unit dose format. A data matrix code that summarizes the drug’s fundamental properties, including the batch and expiration dates, its unique serialization number, and its medication code, is used to identify each unit dose, and Deenova D3 series solution AIDE-Pick is used in centralized therapy preparation in sub-acute and multi-site healthcare facilities.
Which region dominates the pharmacy automation solution market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the pharmacy automation solution market in 2024. The regions covered in the pharmacy automation solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the pharmacy automation solution market segmented, and which segment holds the largest share?
The pharmacy automation solution market covered in this report is segmented –
1) By Type: Automated Medication Dispensing, Automated Packaging And Labeling, Automated Storage And Retrieval, Automated Medication Compounding, Other Types
2) By Automation Mode: Fully-Automatic, Semi-Automatic
3) By Applications: Inpatient Pharmacy, Outpatient Pharmacy, Retail Pharmacy, Other Applications
Subsegments:
1) By Automated Medication Dispensing: Robotic Dispensing Systems, Automated Dispensing Cabinets (ADCs), Pharmacy Management Software
2) By Automated Packaging And Labeling: Labeling Systems, Packaging Machines, Barcode Scanning Solutions
3) By Automated Storage And Retrieval: Vertical Carousels, Horizontal Carousels, Automated Guided Vehicles (AGV’s)
4) By Automated Medication Compounding: IV Compounding Systems, Oral Compounding Systems, Automated Compounding Devices
5) By Other Types: Medication Adherence Solutions, Inventory Management Systems, Workflow Management Solutions
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How is the pharmacy automation solution market defined?
Pharmacy automation solutions refer to using technology and automated systems to streamline various processes within a pharmacy setting. These solutions aim to improve efficiency, accuracy, and patient safety while reducing manual labor and potential errors.
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