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Rising Medication Errors Fueling Growth in Pharmacy Automation Systems Market Driver: A Major Catalyst in the Evolution of the Pharmacy Automation Systems Market in 2025
Pharmacy Automation Systems Market SizeV314LW
The pharmacy automation systems market has experienced solid growth in recent years. It will grow from $5.86 billion in 2024 to $6.33 billion in 2025, at a CAGR of 8.0%. This growth is driven by the elimination of manual medicine delivery processes, increased pharmaceutical safety, and efforts to reduce medication errors.
The pharmacy automation systems market is expected to grow strongly, reaching $8.53 billion by 2029 at a CAGR of 7.8%. Growth is driven by the rising number of retail pharmacies, supportive government policies, and the growing use of robotic systems. Trends include innovations in products, technological advancements, and industry partnerships.
What Are the Key Drivers Behind the Growth of the Pharmacy Automation Systems Market?
The growing number of medication errors is anticipated to drive the pharmacy automation systems market forward. Medication errors involve preventable mistakes in prescribing, dispensing, administering, or monitoring drugs. Automated pharmacy systems help mitigate these errors by maintaining precise and comprehensive medication records, ensuring healthcare professionals have access to complete information. For instance, in September 2022, the World Health Organization reported that medication error rates in hospitals ranged from 0.3% to 9.1% at the prescription stage and 1.6% to 2.1% at the dispensing stage. Additionally, medication errors incurred costs of approximately €2 billion ($2.17 billion) in 2022, accounting for 3% of total national healthcare expenditures. Thus, the increase in medication errors is propelling the pharmacy automation systems market.
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Who Are the Major Industry Players Fueling Pharmacy Automation Systems Market Expansion?
Major companies operating in the pharmacy automation systems market report are CVS Health, AmerisourceBergen Corporation, Cardinal Health, Kroger Company, Danaher Corporation, Rite Aid Corporation, Becton, Dickinson and Company, Cerner Corporation, Epic Systems Corporation, KUKA AG (Swisslog Healthcare), Automated Healthcare Systems Incorporated, Omnicell Inc., Swisslog Holdings AG, Parata Systems LLC, Scriptpro LLC, Capsa Healthcare, Arxium Inc., Talyst LLC, Kirby Lester LLC, Yuyama Co. Ltd., Rx Safe LLC, Pharmatech Corporation, Pearson Medical Technologies, Hy-Tek Medical Limited, Rotech Healthcare
Which Key Developments Are Influencing the Pharmacy Automation Systems Market?
Key players in the pharmacy automation systems market are innovating with products such as medication repackaging systems to maintain their competitive edge. These systems repackage medications from bulk containers into smaller, patient-specific doses. In March 2022, Deenova Srl, an Italy-based pharmacy automation systems company, introduced the EAHP D3 series of pharmacy automation products. The series includes AIDE-Cut, AIDE-Pack, and AIDE-Pick. AIDE-Cut is a mechatronic system that packages oral solid pharmaceuticals into unit doses, while AIDE-Pack repackages all pharmaceutical types, both oral and non-oral, in unit dose formats. Each unit dose is marked with a data matrix code that includes batch details, expiration dates, serialization numbers, and drug codes. The AIDE-Pick system supports centralized therapy preparation in multi-site healthcare facilities.
How Is the Segmentation of the Pharmacy Automation Systems Market Defined?
The pharmacy automation systems market covered in this report is segmented -
1) By Product Type: Automated Medication Dispensing Systems, Automated Medication Compounding Systems, Automated Packaging And Labelling Systems, Automated Table Top Counters, Automated Storage And Retrieval Systems
2) By Mode Of Automation: Semi-Automatic Systems, Fully-Automatic Systems
3) By End User: Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Pharmacy Benefit Management Organizations And Mail-Order Pharmacies
Subsegments:
1) By Automated Medication Dispensing Systems: Centralized Dispensing Systems, Decentralized Dispensing Systems
2) By Automated Medication Compounding Systems: IV Compounding Systems, Oral Compounding Systems
3) By Automated Packaging And Labelling Systems: Blister Packaging Systems, Bottle Filling And Labelling Systems
4) By Automated Tabletop Counters: Tablet Counters, Capsule Counters
5) By Automated Storage And Retrieval Systems: Robotic Storage Systems, Carousel Systems
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What Is the Leading Region in the Pharmacy Automation Systems Market?
North America was the largest region in the pharmacy automation systems market in 2024. The regions covered in the pharmacy automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Pharmacy Automation Systems Global Market Report?
- Market Size Analysis: Analyze the Pharmacy Automation Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pharmacy Automation Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pharmacy Automation Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pharmacy Automation Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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