Pharmacy Automation Systems Market Size, Share, By Product Type (Medical Dispensing Systems, Packaging & Labeling Systems, Table-Top Counters, and Others), End-User (Retail Pharmacies, Inpatient Pharmacies, Outpatient Pharmacies, and Others), and Region - Trends, Analysis, and Forecast till 2035

• Pharmacy automation systems market size is projected to grow at USD 11688.4 million by 2035.
• In 2024, the market was valued at USD 5722 million.
• Target market is projected to grow at a CAGR of 8.2%.

Pharmacy automation is the electronic process of distributing, sorting, packaging, and counting prescription medications. The growing focus on automation to reduce labor costs, increasing specialty drug dispensing, and increasing burden of chronic illness, coupled with the need to minimize medication errors, is propelling the market growth. In addition, pharmacy automation devices help prevent product contamination and errors, thereby reducing the risk of liabilities & increasing patient safety, which are another factors propelling growth of the global market. Furthermore, technological advancements which increases the efficiency and cost-effectiveness of production is also anticipated to create opportunities for growth of the global market over the forecast period.

Key Takeaways:

• North America held the largest share of the market in 2024 due to strong healthcare infrastructure and high healthcare spending. For instance, according to the data published by the U.S. Centers for Medicare & Medicaid Services, U.S. health care spending grew 7.5% in 2023, reaching USD 4.9 trillion or USD 14,570 per person.  As a share of the nation's Gross Domestic Product, health spending accounted for 17.6%.
• Asia Pacific is projected to be the fastest-growing market in the coming years. This is due to the increasing demand for health technology.

Key Drivers of Target Market:

Growing Use to Improve Medical Accuracy to Bolster Market Expansion

Medication errors have historically caused severe problems for pharmacists and pharmacy owners. Pharmacy automation technology can help improve medication accuracy and reduce these risks driving the pharmacy automation system market growth. For instance, a counting device can safeguard against prescription filling errors. A simple counter can handle counting to eliminate quantity errors and enable the staff to perform inventory checks more frequently.

• For instance, according to the data published by RXInsider, Pharmacy Automation System helps to manage workflow, control costs, and improve accuracy, which overall helps the pharmacists with operational concerns. Using pharmacy automation improves accuracy by removing the option of human error when verifying and dispensing medications.

Restraints:

High Cost of Pharmacy Automation Systems Can Hamper Market Expansion

One of the main drawbacks of pharmacy automation is that it can easily become costly. The initial costs of pharmacy automation can range from a few thousand to several hundred thousand dollars, depending on the scale and complexity of the setup. The price of an average pharmacy robot starts at £50,000 but can be as high as £500,000 for more expensive models. More modern pharmacy automation systems made purchasing a dispensing robot more cost-effective.

• Counterbalance Statements: One of the major solutions to this problem are leasing or financing options, grants and subsidies, choosing scalable and modular systems, collaborative purchasing or group buying, outsourcing and shared devices, and return on investment (ROI) considerations, among others.

Opportunities:

Technological Advancements Can Create Future Growth Opportunities

The healthcare industry is constantly evolving and improving due to new technologies, especially for pharmacies. Pharmacy automation has been at the forefront of the technology transformation to benefit healthcare professionals and patients alike. Advanced technologies, such as patient medication record systems, digital displays, prescription recording applications, pharmacy management systems, and prescription collection points, among others used in these automation systems. The market for pharmacy automation is quickly expanding and becoming more common due to the large benefits of these technologies.

• For instance, in December 2024, Swisslog Healthcare, a global leader in pharmacy and transport automation solutions, exhibited its latest pharmacy automation technologies at the American Society of Health-System Pharmacists (ASHP) Midyear Clinical Meeting & Exhibition. Their advanced robotic solutions align perfectly with the industry's push for increased efficiency, precision, and patient safety in pharmacy operations.

The market is segmented based on product type, end-user, and region. 

Product Type

On the basis of product type, the pharmacy automation systems market is segmented into medication dispensing systems, packaging & labeling systems, table-top counters, and others. The medication dispensing systems segment dominate the target market growth due to the increasing demand for accurate and safe medication dispensing in healthcare settings.

• For instance, in April 2024, ARxIUM has announced that its automated medication dispensing system, MedSelect Flex, offers new reporting and analytics capabilities for hospital and long-term care pharmacies. The system includes the MedSelect Performance Dashboard, which lets pharmacists see real-time information such as inventory levels, expiration information and more.

End-User

The pharmacy automation systems market by end-user is categorized into retail pharmacies, inpatient pharmacies, outpatient pharmacies, and others. The inpatient pharmacies segment is expected to dominate the target market growth due to the increasing acceptance of renewable sources, increasing demand, and others.

Regional

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America: North America is expected to dominate the growth of the market during the forecast period due to the strong healthcare infrastructure, high healthcare spending, rising focus on technological advancements in pharmaceutical sector, and increasing demand for operational efficiency, patient safety, and rise in chronic diseases.

• For instance, in December 2024, Swisslog Healthcare, a leading provider of robotic medication management solutions, and BD, a leading global medical technology company, have entered into a co-marketing agreement to offer hospital pharmacies a new approach to end-to-end medication management that combines robotics from Swisslog Healthcare with world-class inventory management and workflow software from BD.

Asia Pacific: Asia Pacific is projected to be the fastest growing region in the target market owing to the countries such as India, China, and many more, which are leading the charge significantly due to rising demand to increasing demand for health technology, increasing manufacturing units, rising awareness regarding benefits of pharmacy automation system, and others.

Pharmacy Automation Systems Market Report Scope:

Segmentation:

By Type:

• Medical Dispensing Systems
• Packaging & Labelling Systems
• Table-Top Counters
• Others

By End User:

• Retail Pharmacies
• Inpatient Pharmacies
  • Acute Care Systems
  • Long-Term Care Facilities
• Outpatient Pharmacies
  • Fast-Tracks Clinics
  • Hospital Retail Settings
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the Pharmacy automation systems market include Capsa Healthcare, OMNICELL, ScriptPro, Parata Systems, LLC, BD, and among Others. These key players focusing on different organic and inorganic strategies such as partnerships and collaborations, new product launches and approvals, and mergers & acquisitions to maintain competitive edge in the market.

List of Key Players in the Market:

• Capsa Healthcare
• OMNICELL
• ScriptPro
• Parata Systems, LLC
• BD
• KUKA AG
• Intelliguard Holding Co., Inc.
• MCKESSON CANADA CORPORATION
• ARxIUM
• RxSafe, LLC
• Scientific Industries, Inc.
• NewIcon
• Asteres Inc.
• SWISSLOG HEALTHCARE

• In December 2024, Swisslog Healthcare, a leading provider of robotic medication management solutions, and BD, a leading global medical technology company, have entered into a co-marketing agreement to offer hospital pharmacies a new approach to end-to-end medication management that combines robotics from Swisslog Healthcare with world-class inventory management and workflow software from BD.
• In June 2022, BD, a leading global medical technology company, and Frazier Healthcare Partners, a leading private equity firm focused exclusively on the health care sector, announced a definitive agreement for BD to acquire Parata Systems, an innovative provider of pharmacy automation solutions, for USD 1.525 billion. 

Analyst View:      

The industry for pharmacy automation systems market is placed for substantial growth due to the surging focus on automation to reduce labor costs, rising specialty drug dispensing, and increasing burden of chronic illness, coupled with the need to minimize medication errors. New innovations and development, integration of advanced technologies, and partnerships and collaborations, are attributed to boost the growth of the market in upcoming years.

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