What Has Been The Historical And Current Growth Of The Pharmacy Automation Solution Market?
The pharmacy automation solution market has seen considerable growth due to a variety of factors.
•In recent years, the market size for pharmacy automation solutions has seen significant growth. Expected to rise from $7.76 billion in 2024 to $8.51 billion in 2025, it's forecasted to have a compound annual growth rate (CAGR) of 9.6%.
This historic period growth can be credited to factors such as rising prescription volume, diminution in medication errors, a lack of adequate healthcare labor, regulatory compliance needs, and an increase in patient demands for convenience.
What Is The Forecast For The Pharmacy Automation Solution Market By 2029?
The pharmacy automation solution market is expected to maintain its strong growth trajectory in upcoming years.
• The future anticipates high-speed expansion for the pharmacy automation solution market, which is projected to reach $13.82 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 12.9%.
The growth prediction is influenced by the rise in telehealth and remote pharmacy services, integration via Electronic Health Records (EHRs), advancement in medication management, optimization of pharmacy workload, and evolving global healthcare patterns. The forecast period also suggests some key trends including solutions for inventory management, patient-centric methods, regulatory adherence, data analytics, reporting, and compatibility with Electronic Health Records (EHR).
Which Drivers Are Accelerating Growth In The Pharmacy Automation Solution Market?
The pharmacy automation solution market is anticipated to flourish due to the escalating demand for pharmaceuticals. These drugs, which detect, restrict, manage, and eliminate diseases or health issues, utilize pharmacy automation solutions in the production process, covering aspects like drug delivery systems, tablet molding and glazing, along with liquid dosing. For instance, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a representation of the pharmaceutical sector in Europe, recorded a total pharmaceutical production of $384,200 million (€340,000 million) in 2022, evidencing an increase of around 4.95% from $366,267 million (€323,950 million) in 2021. Hence, the burgeoning demand for pharmaceuticals is spurring the expansion of the pharmacy automation solution market.
What Are The Core Segments Of The Global Pharmacy Automation Solution Market?
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
Pre-Book The Pharmacy Automation Solution Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Trends Are Reshaping The Pharmacy Automation Solution Market Size?
Emerging product innovations are a significant trend in the pharmacy automation solution industry. Major industry players are concentrating their efforts on creating unique products to maintain their market status. For example, in March 2022, Deenova Srl, a company specializing in pharmacy automation solutions based in Italy, introduced the EAHP D3, their innovative addition to pharmacy automation solutions. These include AIDE-Cut, AIDE-Pack, and AIDE-Pick. AIDE-Cut is a mechatronic system specifically designed for packaging oral solid pharmaceuticals into unit doses. AIDE-Pack is utilized for repackaging all kinds of pharmaceuticals, whether oral or non-oral, into individual dose formats. Each unit dose can be identified through a data matrix code, which summarizes essential drug information such as batch and expiration dates, a unique serialization number, and a medication code. Meanwhile, the Deenova D3 series solution, AIDE-Pick, is employed for centralized therapy preparation within sub-acute and multi-location healthcare facilities.
Who Are the Key Players in 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 are the Regional Insights into the Pharmacy Automation Solution Market?
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
