Press release
Pharmacy Automation Solution Market: Navigating the Path to Growth with Major Players and Emerging Trends
What Is The Projected Market Size Of The Global Pharmacy Automation Solution Market And Its Growth Rate?
• In 2024, the market size was at $7.76 billion.
• It is expected to grow to $8.51 billion in 2025 with a CAGR of 9.6%.
• Factors that contributed to this growth include increased prescription volumes, medication error reduction, healthcare labor shortages, regulatory mandates, and patient convenience.
• By 2029, the market size is forecasted to reach $13.82 billion, growing at a CAGR of 12.9%.
• Emerging trends during this forecast period include increased telehealth, remote pharmacy services, integration with Electronic Health Records (EHRs), advanced medication management, pharmacy workload optimization, and broader healthcare trends.
What Is Driving The Growth In The Pharmacy Automation Solution Market?
The pharmacy automation solution market is experiencing rapid growth due to the escalating demand for pharmaceuticals. Pharmacy automation solutions play a pivotal role in drug delivery systems, tablet compression and coating, and liquid dosing. For example, in 2023, the European Federation of Pharmaceutical Industries and Associations (EFPIA) reported that the pharmaceutical production in Europe accounted for $384,200 million, showing almost a 5% increase from $366,267 million in the previous year. The mounting demand for pharmaceuticals is therefore serving as a key growth driver for the pharmacy automation solutions market.
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Who Are the Key Players Driving Pharmacy Automation Solution Market Growth?
• 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 Key Trends In The Pharmacy Automation Solution Market?
• Inventory management solutions
• Patient-centric approaches
• Strict regulatory compliance
• Emphasis on data analytics and reporting
• Interoperability with Electronic Health Records (EHR).
What Are The Segments Of The Global Pharmacy Automation Solution Market?
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
Which Region Leads The Pharmacy Automation Solution Market?
Asia-Pacific emerged as the largest region in the pharmacy automation solution market in 2024, eclipsing other regions like Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The region's dominance is attributable to the innovative and aggressive measures taken towards healthcare automation and the region's phenomenal growth in the healthcare sector.
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What Is Covered In The Pharmacy Automation Solution Market Global Market Report?
- Market Size Analysis: Analyzing the Pharmacy Automation Solution Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identifying various sub-segments within the market for effective categorization.
- Key Player Focus: Focusing on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Reviewing individual growth trends and prospects in the Market.
- Market Contribution: Measuring contributions of different segments to the overall Pharmacy Automation Solution Market growth.
- Growth Drivers: Discussing key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyzing challenges and risks impacting the Pharmacy Automation Solution Market.
- Competitive Developments: Reviewing competitive developments, such as expansions, agreements, and new product launches in the market.
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