Press release
Rising Medication Errors Fueling Growth in Pharmacy Automation Systems Market: A Key Factor Shaping the Future of the Pharmacy Automation Systems Market in 2025
Pharmacy Automation Systems Market
A surge in medication errors is anticipated to drive the pharmacy automation systems market's growth. Such errors include preventable incidents or missteps associated with medication usage, which can take place at any time during the healthcare process - from prescribing and dispensing, to administration and monitoring. Pharmacy automation systems ensure the precise and thorough recording of dispensed medications and patient records, aiding healthcare practitioners in easily obtaining information and minimizing the risk of errors from incomplete or absent data. For example, the World Health Organization revealed in September 2022, that hospital medication error rates in prescriptions varied between 0.3% to 9.1%, and 1.6% to 2.1% in the dispensing stage in the same year. Moreover, the expenditure on medication errors was €2 billion (2.17 billion) in 2022, contributing to 3% of the total healthcare expenditure of the nation. Consequently, the rise in medication errors fuels the growth of the pharmacy automation systems market.
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What is the projected compound annual growth rate (CAGR) of the pharmacy automation systems market from 2025 to 2034, and what factors influence it?
The market size of pharmacy automation systems has seen robust growth in the past few years. It is projected to expand from $5.86 billion in 2024 to $6.33 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.0%. The noticeable growth during the historic period can be credited to the removal of manual medicine delivery, enhanced pharmaceutical safety, and a rise in medication errors.
Anticipated to witness robust expansion in the near future, the pharmacy automation systems market is predicted to reach a valuation of $8.53 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 7.8%. This substantial growth within the forecasted duration can be credited to a rise in the quantity of retail pharmacies, increasingly beneficial government regulations, and a surge in the utilization of robotic pharmacy. Key trends during the prediction period will encompass product enhancements, advancements in technology, and a rise in partnerships and collaborations.
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How are the latest trends influencing the growth of the pharmacy automation systems market?
Key players in the pharmacy automation systems market, such as Deenova Srl, are striving to retain their market dominance by innovating and developing new products like medication repackaging systems. Such systems, either automated or manual, serve to distil bulk medication containers into tailored, patient-specific dosages. For instance, in March 2022, Deenova Srl, based in Italy, rolled out a novel addition to their pharmacy automation systems product line, termed EAHP D3. This product comprises a trio of systems: AIDE-Cut, AIDE-Pack, and AIDE-Pick. AIDE-Cut is a specialized mechatronic system meant for packaging oral solid drugs into single doses, while AIDE-Pack serves to repackage both oral and non-oral pharmaceutical types into unit dose format. Each individual unit dose is identified through a data matrix code, encapsulating vital drug information such as batch numbers, expiration dates, unique serialization numbers, and the medication code. Further, the Deenova D3 series solution AIDE-Pick is implemented for centralized therapy preparation in multi-site and sub-acute healthcare settings.
What are the major segments of the pharmacy automation systems market and their role in driving growth?
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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Which regions are key players in the growth of 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.
Who are the key firms paving the way for growth in the pharmacy automation systems market?
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
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What Is Covered In The Pharmacy Automation Systems Global Market Report?
•Market Size Forecast: Examine the pharmacy automation systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the pharmacy automation systems market for a structured understanding.
•Key Players Overview: Analyze major players in the pharmacy automation systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pharmacy automation systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the pharmacy automation systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pharmacy automation systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the pharmacy automation systems market.
•Competitive Landscape: Review strategic developments in the pharmacy automation systems market, including expansions, agreements, and new product launches.
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