Pharmacy Automation Systems Market Worldwide Analysis, Trends, Opportunity, Share, Size and Forecast to 2030

According to our latest report on " Pharmacy Automation Systems Market Size and Forecast to 2030 -Global Analysis - by Type, and End User," the market value was estimated to be US$ 11,121.33 million in 2022 and is expected to reach US$ 22,632.12 million by 2030. The market is estimated to grow at a growth rate of 9.3% during 2022-2030. The study highlights some of the key factors and trends that impacts the market and focuses on prominent players and their strategies.

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The report segments the global pharmacy automation systems market as follows:

The pharmacy automation systems market is segmented based on type, and end user. Based on type, the pharmacy automation systems market is categorized into automated medication dispensing systems, automated packaging and labelling systems, automated table-top counters, automated storage and retrieval systems, and other types. The automated medication dispensing systems segment was the larger market share holder in 2022 and is anticipated to mark a higher CAGR during the 2022-2030. The automated medication dispensing systems is further divided into product type and operation. The pharmacy automation systems market for automated dispensing systems by product type is subsegmented into robotic automated systems, carousels, and automated dispensing cabinets. Likewise, based on operation, the pharmacy automation equipment market for automated dispensing systems is subsegmented into centralized prescription fulfillment and centralized prescription fulfillment.

Based on end user, the pharmacy automation systems market is classified into retail and hospital pharmacy, and others. The hospital pharmacy segment held a larger market share in 2022 and the same segment is anticipated to register a higher CAGR during 2022-2030. Geographically, the pharmacy automation systems market is divided into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Chile, and the Rest of South & Central America).

Some of the Major Market Players Are:

McKesson Corp, Becton Dickinson and Company, Capsa Solutions LLC, Omnicell Inc, Oracle Corp, Deenova Srl, ScriptPro LLC, Veradigm LLC, Innovation Associates, YUYAMA Manufacturing Co Ltd, and Swisslog Healthcare AG. are among the key players operating in the global pharmacy automation systems market.

The pharmacy automation systems market in Asia Pacific is analyzed on the basis of Japan, China, India, Australia, South Korea, and the Rest of Asia Pacific. During 2022 - 2030, Asia Pacific is estimated to be the fastest-growing region for pharmacy automation systems. The market growth in Asia Pacific is attributed to international players entering into the healthcare markets in the Asia Pacific and the increasing geriatric population.

China has seen a significant rise in automated pharmaceutical dispensing, especially during the COVID-19 pandemic. In 2021, the Hospital of Changsha in China's Hunan province was the first to install robotic pharmacy dispensing systems to enhance drug dispensing. In addition, automation technologies are widely used in the healthcare industry, leveraging demand for automated pharmacy systems. China largely exports active pharmaceutical ingredients to Western countries, requiring automation for the packaging and labeling of the products to be shipped. Production sites and warehouses have automated pharmacy systems installed in the manufacturing site.

Companies in the pharmacy automation systems market are collaborating with pharma businesses to build automated facility centers in the country. Livzon Pharmaceutical Group Inc. has partnered with Swisslog Holding AG; under this partnership agreement, Swisslog Holding AG designed the Livzon Pharmaceutical Group Inc. manufacturing site with automation.

The pharmacy automation systems market in Japan is estimated to be the largest in the region in the coming years. Also, the rising use of artificial intelligence for medical device technology is leveraging the growth of pharmacy automation. Japan has a well-established healthcare system, and the government is continuously backing the sector, encouraging international medical technology companies to enter the Japanese market.

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This release was published on openPR.