Press release
Emerging Trends Influencing The Growth Of The Automated Compounding Devices Market: Innovations In IV Robotic Technology For Hospital Pharmacies
Automated Compounding Devices
How Big Is the Automated Compounding Devices Market Size Expected to Be by 2034?
The automated compounding devices market has shown steady growth, expected to increase from $2.36 billion in 2024 to $2.53 billion in 2025 at a CAGR of 7.4%, driven by the burden of chronic illnesses, aging demographics, healthcare infrastructure improvements, stricter regulations, and medication error concerns.
The automated compounding devices market will grow to $3.34 billion in 2029 at a CAGR of 7.2%, thanks to healthcare expansion, cancer prevalence, and sustainability focus, with advancements in AI, telemedicine, and digital solutions leading innovations.
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What Are the Emerging Segments Within the Automated Compounding Devices Market?
The automated compounding devices market covered in this report is segmented -
1) By Component: Automated Compounding Systems Equipment, Automated Compounding Systems Software
2) By Product Type: Intravenous Compounding Systems, Oral Compounding Systems, Total Parenteral Nutrition (TPN) Compounding Systems
3) By Mode Of Operation: Fully Automated Compounding Systems, Semi-Automated Compounding Systems
4) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Automated Compounding Systems Equipment: Compounding Workstations, Compounding Pumps, Mixing Chambers, Scales And Balances, Dispensing Units, Vial And Syringe Filling Systems, Other Related Equipment (Filtration Devices)
2) By Automated Compounding Systems Software: Prescription Management Software, Workflow Management Software, Monitoring And Control Software, Data Analytics And Reporting Software, Safety And Compliance Software, Integration Software For Hospital Or Pharmacy Management Systems
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What Long-Term Drivers Are Shaping Automated Compounding Devices Market Trends?
The growing number of tailored medicines is driving the automated compounding devices market. These devices allow precise preparation of custom drug formulations for specific patients. This growth is supported by advancements in pharmacogenomics and increased regulatory support. According to the Personalized Medicine Coalition in February 2024, the FDA approved 16 novel personalized therapies in 2023, compared to six in 2022. Thus, the automated compounding devices market is expanding due to rising personalized medicine approvals.
Who Are the Top Competitors in Key Automated Compounding Devices Market Segments?
Major companies operating in the automated compounding devices market are McKesson Corporation, Amerisource Bergen Corporation, Medtronic PLC, Becton Dickinson and Company, Baxter International Inc, B. Braun Melsungen AG, Fresenius Kabi AG, Grifols International S.A., Terumo Corporation, ICU Medical Inc., Omnicell Inc., Tecan Group Ltd., Cantel Medical Corp., Fagron N.V., Swisslog Healthcare, ScriptPro LLC, PharMEDium Services LLC, Loccioni Group S.p.A., ARxIUM Inc., Codonics Inc., Apexus Inc., Equashield LLC, Yuyama Mfg Co. Ltd., Shanghai Weibond Technology Co. Ltd., Quirem Medical B.V
What Are the Major Trends Shaping the Automated Compounding Devices Market?
Companies in the automated compounding device market are reducing medication errors and enhancing patient safety with robotic compounding technology. This system automates the preparation of pharmaceutical compounds with precision. In March 2022, Omnicell Inc., a US-based healthcare technology company, launched the IVX Station, an automated compounding device that enhances medication accuracy, safety, and efficiency while supporting pharmacy operations and regulatory compliance.
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Which Regions Are Becoming Hubs for Automated Compounding Devices Market Innovation?
North America was the largest region in the automated compounding devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated compounding 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 Automated Compounding Devices Market?
2. What is the CAGR expected in the Automated Compounding Devices Market?
3. What Are the Key Innovations Transforming the Automated Compounding Devices Industry?
4. Which Region Is Leading the Automated Compounding Devices Market?
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