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Transforming the Pharmacy Automation Market in 2025: Rise In Disease Rate Is Anticipated To Fuel The Expansion Of The Pharmacy Automation Market
Pharmacy Automation Market
The pharmacy automation market has seen rapid growth in recent years. It will expand from $7.32 billion in 2024 to $8.2 billion in 2025, at a CAGR of 12.0%. This growth is linked to the shortage of skilled pharmacy staff, stringent regulations, the need to reduce medication errors, enhanced data management, and the growing demand for faster service from patients.
The pharmacy automation market is expected to grow rapidly, reaching $12.71 billion by 2029 at a CAGR of 11.6%. Factors driving this growth include an increasing number of prescriptions, retail pharmacy expansion, focus on patient experience, labor costs, and EHR system integration. Major trends include AI-powered systems, telepharmacy adoption, robotics, centralized prescription processing, and blockchain technology.
What Factors Are Fueling Growth in the Pharmacy Automation Market?
The rising prevalence of diseases is expected to boost the pharmacy automation market in the future. Disease rate measures the frequency of a specific illness within a given population over a certain period. Factors such as population growth, increased travel and trade, climate change, pollution, and new infectious agents contribute to rising disease rates. Pharmacy automation enhances disease management by improving medication dispensing efficiency and accuracy. Automated pharmacy systems facilitate timely medication distribution and monitoring, allowing healthcare providers to intervene promptly when needed. For example, in February 2024, the World Health Organization, a Switzerland-based intergovernmental agency, projected that by 2050, cancer cases would exceed 35 million, a 77% rise compared to the estimated 20 million cases in 2022. Consequently, the increasing disease rate is fueling the pharmacy automation market's expansion.
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Which Leading Companies Are Shaping the Growth of the Pharmacy Automation Market?
Major companies operating in the pharmacy automation market report are Mckesson Corporation; AmerisourceBergen Corporation; Oracle Corporation; Baxter International Inc.; Cerner Corporation; Pearson Medical Technologies LLC; Omnicell Inc.; Swisslog Holding AG; Tension Corporation; Noritsu Koki Co. Ltd.; Scriptpro LLC; Capsa Healthcare LLC; Alixar Healthcare Private Limited; Deenova S.R.L; ARxIUM Inc.; Talyst Systems LLC; Touchpoint Medical Solutions Pvt. Ltd.; Kirby Lester LLC; Yuyama Co. Ltd.; Willach GmbH; RxSafe LLC; Meditech Pharmacy Management Solutions Inc.; Accu-Chart Plus Healthcare System Inc.; PDX Pharmaceuticals Inc.; Newicon Ltd.
What Are the Major Trends Shaping the Pharmacy Automation Market?
Companies in the pharmacy automation industry are expanding their portfolios by introducing advanced solutions like next-generation automated drug dispensing systems. These systems streamline medication dispensing in healthcare facilities. In October 2023, JVM Co. Ltd., a South Korea-based pharmacy automation systems manufacturer, launched MENITH, an automated dispensing machine featuring an articulated robotic arm. This next-generation device automates the canister exchange process, doubling the speed of traditional pouch-type dispensing machines. It can dispense up to 120 pouches per minute and includes an automated inspection system, reducing resource requirements for pharmacy operations.
What Are the Key Segments of the Pharmacy Automation Market?
The pharmacy automation market covered in this report is segmented -
1) By Product: Dispensing Systems, Pill Sorting Machines, Labelling Machines, Packaging Machines, Inventory Management, Automated Storage and Retrieval Systems, Other Products
2) By Application: Drug Dispensing And Packaging, Drug Storage, Inventory Management
3) By End User: Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Pharmacy Benefit Management Organizations And Mail-Order Pharmacies
Subsegments:
1) By Dispensing Systems: Prescription Dispensing Systems, Automated Dispensing Cabinets, Robot-Assisted Dispensing
2) By Pill Sorting Machines: Manual Pill Sorting Machines, Automated Pill Sorting Machines
3) By Labelling Machines: Labeling For Bottles And Containers, Labeling For Blister Packs, Automated Label Application Machines
4) By Packaging Machines: Pill Packaging Machines, Blister Packaging Machines, Bottle Packaging Machines
5) By Inventory Management: Inventory Tracking Systems, Drug Replenishment Systems, Stock Auditing Systems
6) By Automated Storage And Retrieval Systems: Vertical Lift Modules (Vlms), Automated Shelving Systems, Carousel Storage Systems
7) By Other Products: Prescription Verification Systems, Pharmacy Workflow Automation Tools
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Which Region Dominates the Pharmacy Automation Market?
North America was the largest region in the pharmacy automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmacy automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Pharmacy Automation Global Market Report?
- Market Size Analysis: Analyze the Pharmacy Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pharmacy Automation 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 Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pharmacy Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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