Press release
Strong Growth Ahead: Pharmacy Automation Devices Market Size To Grow At Arecord 10.7% Cagr By 2029
Pharmacy Automation Devices
How Big Is the Pharmacy Automation Devices Market Size Expected to Be by 2034?
In the recent past, the pharmacy automation devices market has experienced substantial growth. The market, which was valued at $6.06 billion in 2024, is predicted to expand to $6.73 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.9%. A variety of factors have contributed to this robust growth in the historical period. These include a surge in prescription volume, the need to minimize mistakes, an emphasis on enhancing operational productivity, obligations to comply with regulations, a shortfall in the pharmacy workforce, consumer expectation for swift service, and challenges related to inventory management.
The market for pharmacy automation devices is forecasted to undergo a significant expansion in the upcoming years, reaching a value of $10.1 billion in 2029 with a compound annual growth rate (CAGR) of 10.7%. This projected surge during the forecast period can be linked to the global integration of pharmacy services, enhancement of pharmacy workflows, increasing focus on preemptive healthcare, patient-oriented medication regulation, commitment to eco-friendly practices, and the spread of remote medical care services. Major anticipated trends for the forecast period encompass the utilization of robotics and automation, centralized automated drug dispensing systems (CADS), the incorporation of artificial intelligence (AI), remote pharmacy services, medication authentication technologies, and automated prescription fulfillment machines.
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What Are the Emerging Segments Within the Pharmacy Automation Devices Market?
The pharmacy automation devices market covered in this report is segmented -
1) By Product: Medication Dispensing Systems, Packaging And Labeling Systems, Storage And Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters
2) By End-User: Retail Pharmacy, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations And Mail-Order Pharmacies
Subsegments:
1) By Medication Dispensing Systems: Automated Dispensing Machines, Robotic Dispensing Systems
2) By Packaging And Labeling Systems: Automated Packaging Machines, Labeling Systems For Prescription Medications
3) By Storage And Retrieval Systems: Automated Storage Systems, Carousel Storage Systems
4) By Automated Medication Compounding Systems: IV Compounding Systems, Oral Compounding Systems
5) By Tabletop Tablet Counters: Electronic Tablet Counters, Manual Tablet Counters
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What Long-Term Drivers Are Shaping Pharmacy Automation Devices Market Trends?
The expansion of the pharmacy automation devices market is predicted to be fueled by an increasing volume of prescriptions. This surge in prescription numbers can be attributed to factors like a growing elderly population, higher occurrence of chronic illnesses, and improved healthcare accessibility. Pharmacy automation devices make the prescription filling process more efficient and less prone to errors, making them capable of handling the growing volume of prescriptions. To provide an example, data from the Australian Institute of Health and Welfare, a governmental agency based in Australia, showed that in the financial years 2022-2023, PBS prescriptions were issued to 17.8 million Australians, equating to 67% of the population. Prescription dispensation rates heightened with age. The lowest rates were observed among the 0-14 age group, with 184 prescriptions per 100 individuals, while the highest rates were among those aged 85 and above with a striking 6,031 prescriptions per 100 people. Consequently, this increase in prescription volume is positively impacting the growth of the pharmacy automation devices market.
Who Are the Top Competitors in Key Pharmacy Automation Devices Market Segments?
Major companies operating in the pharmacy automation devices market are Omnicell Inc., McKesson Corporation, Baxter International Inc., Becton Dickinson & Company, Cerner Corporation, ARxIUM Inc., Capsa Healthcare, ScriptPro LLC, Deenova SRL, Swisslog Healthcare, RxSafe LLC, Yuyama Co Ltd., Accu Chart Plus Healthcare Systems Inc., Amerisource Bergen Corp, Talyst LLC, Medacist Solutions Group LLC, Kirby Lester, TouchPoint Medical, Kuka AG, Danaher Corporation, Lonza Group., Parata Systems LLC, Aesynt Incorporated, Innovation PharmaAssist Robotics Pvt Ltd., ForHealth Technologies, Health Robotics Srl, Pearson Medical Technologies LLC, R/X Automation Solutions Inc., Talon Innovations Corporation, Tension Packaging & Automation
What Pharmacy Automation Devices Market Trends Are Gaining Traction Across Different Segments?
Product innovation is becoming a major trend in the pharmacy automation devices market. Major firms in this market are working diligently to create new, innovative solutions to cater to consumer needs. For instance, Deenova, the unchallenged leader in integrated robotics and automation solutions based in Italy, introduced its inventive product line, AIDE, in July 2023. This introduction includes two groundbreaking automation systems namely AIDE-CUT, specifically designed for repackaging medication into singular doses, and AIDE-PICK, which modernizes the process of dispensing patient treatments. These sophisticated systems serve to increase operational effectiveness as well as guarantee comprehensive medication tracking within the medical management processes of hospitals.
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Which Regions Are Becoming Hubs for Pharmacy Automation Devices Market Innovation?
North America was the largest region in the pharmacy automation devices market in 2024. The regions covered in the pharmacy automation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pharmacy Automation Devices Market?
2. What is the CAGR expected in the Pharmacy Automation Devices Market?
3. What Are the Key Innovations Transforming the Pharmacy Automation Devices Industry?
4. Which Region Is Leading the Pharmacy Automation Devices Market?
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