Pharmacy Automation Market: By Product (Automated Medication Dispensing Systems, Automated Packaging and Labeling Systems, Table-Top Counters, Automated Storage and Retrieval Systems, and Other Products), By End User (Inpatient, Outpatient [Fast-Track clinics], Pharmacy Benefit Management Organization and Mail Order Pharmacies, and Retail Pharmacies) and Geography

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Pharmacy Automation Market was valued at USD 6,193.4 million in 2023 and is expected to grow at a CAGR of 9.9% from 2024-2030. Due to the increased demand for devices that aid in the reduction of drug mistakes. The manufacturers most require pharmacy automation, pharmaceutical manufacturing, and life sciences are high-volume production systems that can securely process, dispense, label, and package pharmaceuticals and prescriptions. Pharmacy automation providers must be able to demonstrate that their equipment and solutions always perform precisely to ensure that pharmaceuticals are prepared to the exact dose and prescriptions are filled with the correct quantity. The growing demand for specialized drug prescription filling solutions, the growing need to reduce medication errors, and pharmacy decentralization are driving the pharmacy automation market.

Furthermore, the rising use of several types of advanced robotics, growing government efforts to support industrial development, and a quick surge in demand for IoT in pharmaceutical production units around the world are expected to fuel global pharmacy automation market expansion and demand in the future years. There has been a rise in the global geriatric population. As a result, the prevalence of chronic and life-threatening disorders is increasing, and increasing distribution of pharmaceuticals.

According to the article "Economic Analysis of the Prevalence and Clinical and Economic Burden of Medication Error in England," published in June 2021, an estimated 237 million medication errors occur in the NHS in England each year, resulting in hundreds of deaths from avoidable adverse drug reactions (ADRs). As a result, hospitals and pharmacies are implementing new pharmacy automation technology to save money while enhancing patient safety which is increasing the global pharmacy automation market growth. Furthermore, these pharmacy automation systems provide numerous benefits to patients, pharmacies, and essential members of the healthcare team. Automated solutions also have significant cost-effectiveness and safety advantages, and they help to streamline pharmacy processes by optimizing data flows. All these technological advancements have helped pharmacies stay competitive in a rapidly changing sector while also benefiting patients and doctors in many ways. Furthermore, these devices have lowered costs by reducing the need for physical labor. All these factors have contributed to fueling the global pharmacy automation market growth.

Pharmacy Automation Market Key Developments:
  • On 3rd May 2022, Deenova announced that it is bringing its innovative Pay-Per-Dose unit dose pharmacy automation service to the UK market for the first time.
  • On 18th July 2022, BD has completed its acquisition of Parata Systems. BD enters the expanding pharmacy automation sector with a complete set of technologies spanning the care continuum.

Pharmacy Automation Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.2%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Pharmacy Automation Market Dynamics

A significant increase in the demand for vaccines for several chronic diseases, as well as an increase in the number of patients admitting and opting for hospital facilities due to their increased spending capacity in the healthcare sector, are expected to contribute significantly to global pharmacy automation market growth during the forecast period, as is the continuous introduction of many new and innovative automation devices by large market companies globally. The rate of infection increased during the pandemic, increasing the demand for medicines. The increased infection incidence has had a positive impact on the need for pharmacy automation market. As a result, healthcare facilities and pharmacies favor these automated systems, which have grown in popularity as the demand for them has expanded. However, factors such as a reluctance to accept pharmacy automation systems due to the excessive cost of the pharmacy automation system are expected to hamper the market's growth.

Key Features of the Reports

  • The pharmacy automation market report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Pharmacy Automation Market Segmentation

By Product Type
  • Automated Medication Dispensing Systems
  • Automated Packaging and Labelling Systems
  • Table-Top Counters
  • Automated Storage
  • Retrieval Systems
  • Other Products
By Pharmacy Type
  • Inpatient
  • Outpatient
  • Pharmacy Benefit Management Organization and Mail Order Pharmacies
  • Retail Pharmacies
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

Growth in the market is mainly driven by the growing focus on automation to reduce labor costs and increase specialty drug dispensing. Moreover, pharmacy automation companies are seeking new opportunities by expanding their presence across emerging economies.

The high-growth countries in this market are China, the U.S., Germany, and India. These countries are expected to offer significant growth opportunities for the market.

Pharmacy Automation Market was valued at USD 6,193.4 million in 2023 and is expected to grow at a CAGR of 9.9% from 2024-2030.

1.Executive Summary
2.Global Pharmacy Automation Market Introduction 
2.1.Global Pharmacy Automation Market  - Taxonomy
2.2.Global Pharmacy Automation Market  - Definitions
2.2.1.Product Type 
2.2.2.Pharmacy Type
2.2.3.Region
3.Global Pharmacy Automation Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Pharmacy Automation Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Pharmacy Automation Market  By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Automated Medication Dispensing Systems
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Automated Packaging and Labelling Systems
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Table-Top Counters
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Automated Storage
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Retrieval Systems
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Other Products
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6.Global Pharmacy Automation Market  By Pharmacy Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Inpatient
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Outpatient
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Pharmacy Benefit Management Organization and Mail Order Pharmacies
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Retail Pharmacies
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Pharmacy Automation Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Pharmacy Automation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Product Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Automated Medication Dispensing Systems
8.1.2.Automated Packaging and Labelling Systems
8.1.3.Table-Top Counters
8.1.4.Automated Storage
8.1.5.Retrieval Systems
8.1.6.Other Products
8.2.  Pharmacy Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Inpatient
8.2.2.Outpatient
8.2.3.Pharmacy Benefit Management Organization and Mail Order Pharmacies
8.2.4.Retail Pharmacies
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Pharmacy Automation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Automated Medication Dispensing Systems
9.1.2.Automated Packaging and Labelling Systems
9.1.3.Table-Top Counters
9.1.4.Automated Storage
9.1.5.Retrieval Systems
9.1.6.Other Products
9.2.  Pharmacy Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Inpatient
9.2.2.Outpatient
9.2.3.Pharmacy Benefit Management Organization and Mail Order Pharmacies
9.2.4.Retail Pharmacies
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Pharmacy Automation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Automated Medication Dispensing Systems
10.1.2.Automated Packaging and Labelling Systems
10.1.3.Table-Top Counters
10.1.4.Automated Storage
10.1.5.Retrieval Systems
10.1.6.Other Products
10.2.  Pharmacy Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Inpatient
10.2.2.Outpatient
10.2.3.Pharmacy Benefit Management Organization and Mail Order Pharmacies
10.2.4.Retail Pharmacies
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Pharmacy Automation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Automated Medication Dispensing Systems
11.1.2.Automated Packaging and Labelling Systems
11.1.3.Table-Top Counters
11.1.4.Automated Storage
11.1.5.Retrieval Systems
11.1.6.Other Products
11.2.  Pharmacy Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Inpatient
11.2.2.Outpatient
11.2.3.Pharmacy Benefit Management Organization and Mail Order Pharmacies
11.2.4.Retail Pharmacies
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Pharmacy Automation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Automated Medication Dispensing Systems
12.1.2.Automated Packaging and Labelling Systems
12.1.3.Table-Top Counters
12.1.4.Automated Storage
12.1.5.Retrieval Systems
12.1.6.Other Products
12.2.  Pharmacy Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Inpatient
12.2.2.Outpatient
12.2.3.Pharmacy Benefit Management Organization and Mail Order Pharmacies
12.2.4.Retail Pharmacies
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.BD
13.2.2.Baxter
13.2.3.TOSHO co. Inc
13.2.4.Takazono Corporation
13.2.5.Omnicell
13.2.6.Yuyama
13.2.7.Swisslog HealthCare
13.2.8.Willach Group
13.2.9.iA
13.2.10.Parata Systems
13.2.11.ScriptPro
13.2.12.Talyst
13.2.13.Oracle Cerner
13.2.14.Kirby Lester
14. Research Methodology 
15. Appendix and Abbreviations 
  • BD
  • Baxter
  • TOSHO co. Inc
  • Takazono Corporation
  • Omnicell
  • Yuyama
  • Swisslog HealthCare
  • Willach Group
  • iA
  • Parata Systems
  • ScriptPro
  • Talyst
  • Oracle Cerner
  • Kirby Lester

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