Pharmacy Automation Equipment Market is expected to reach US$ 9,195.36 Mn With CAGR of 8.0% from 2021 to 2028 | Talyst LLC (Swisslog Healthcare), AmerisourceBergen, Baxter International Inc, Capsa Healthcare, OMNICELL INC, Cerner Corporation, MCKESSON COR

According to our latest study on “Pharmacy Automation Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End User,” the market was valued at US$ 4,984.70 million in 2020 and is projected to reach US$ 9,195.36 million by 2028; it is expected to grow at a CAGR of 8.0% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.

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Based on type, the pharmacy automation equipment market is segmented into automated medication dispensing systems, automated packaging & labeling systems, automated storage & retrieval systems, automated compounding devices, and tabletop tablet counters. The automated medication dispensing systems segment held the largest share of the market in 2020. Growth of the market for this segment is ascribed to the increasing number of errors in medication and dispensing, escalating demand for specialty drug prescription filling solutions, and stringent government policies compelling healthcare institutes and pharmacists decentralize pharmacies for improved patient care services. Further, the pharmacy automation equipment market for automated compounding devices segment is expected to grow at the fastest CAGR during the 2021–2028.

The growth of the pharmacy automation equipment market is primarily attributed to the increasing medication errors and surging demand for healthcare services. However, the problems associated with automated dispensing systems such as regular software update and high system maintenance requirements hinder the growth of the market. Talyst LLC (Swisslog Healthcare), AmerisourceBergen, Baxter International Inc, Capsa Healthcare, OMNICELL INC, Cerner Corporation, MCKESSON CORPORATION, ScriptPro LLC, BD, and YUYAMA Co., Ltd are among the leading companies operating in the global pharmacy automation equipment market.

Market Insights

Increasing Medication Errors Drive Pharmacy Automation Equipment Market Growth

A medication error involves inappropriate and ineffective dispensing of medicines that can harm patients. Common medication errors include dispensing a wrong drug, incorrect drug quantity, wrong drug strength, and item omission. Every year, the US Food and Drug Administration (FDA) receives over 100,000 reports associated with medication errors. Further, as per the study Medication Errors, published in StatPearls in June 2020, every year, ~7,000–9,000 people die in the US due to medication errors. Similarly, as per the estimates of the study “Prevalence and Economic Burden of Medication Errors in the NHS In England,” published in 2018, ~237 million medication errors occur in the NHS, while avoidable adverse drug reactions (ADRs) lead to hundreds of deaths. ~75% of the medication errors occur due to distractions as the healthcare professionals are engaged in multiple tasks, including examining the patient, speaking to consultants, speaking to patient family members, and conversing with insurance professionals. Sometimes, a lapse of judgment, due to an urge to complete the duty early, also leads to a medication error. Another major cause of medication error is distortion caused due to poor writing, abbreviation usage, misunderstood symbols, or improper translation. Moreover, illegible writing has been a major concern faced by both pharmacists and nurses since many years. Thus, the increasing number of medication errors is boosting the adoption of pharmacy automation equipment.

The report segments global pharmacy automation equipment market as Follows:

By Type

Automated Medication Dispensing Systems
Automated Packaging & Labelling Systems
Automated Storage & Retrieval Systems
Automated Compounding Devices
Tabletop Tablet Counters

By End User

Hospital Pharmacy
Retail Pharmacy
Others

By Geography

North America
US
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe

Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of APAC

Middle East and Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA


South and Central America (SCAM)
Brazil
Argentina
Rest of SCAM

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