Press release
Pharmacy Automation Market to Reach USD 16.76 Billion by 2034, Growing at a CAGR of 9.8%
The pharmacy automation market is poised to register a robust compound annual growth rate (CAGR) of 9.8% during 2025-2034. The market was valued at USD 6.60 billion in 2024 and is projected to grow to USD 16.76 billion by 2034.
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Market Introduction
Pharmacy automation refers to the use of technology, robotic systems, and software to carry out routine tasks in pharmacies. It aims to improve efficiency, accuracy, and patient safety. Pharmacy automation includes automated handling, dispensing, packaging, labeling, storage, and tracking of medications. By streamlining these processes, pharmacy automation reduces human error and lowers labor-intensive tasks. It also enables pharmacists to focus more on patient care and clinical services.
Pharmacy automation can be implemented in various settings. These include hospital pharmacies, retail chains, long-term care facilities, and mail-order pharmacies. Pharmacy automation employs various technologies, including automated medication storage and retrieval systems, robotic prescription dispensing systems, automated dispensing cabinets (ADCs), pill counters, and inventory management software.
Market Dynamics
Implementation of Automated Drug Dispensing Systems (ADDS): The use of ADDS ensures accurate dosings, reduces delays, and enables healthcare professionals to focus on patient care instead of manual tasks. These benefits of ADDS have led to its widespread implementation across healthcare facilities globally, thereby driving the pharmacy automation market demand.
Rising Digital Transformation: The pharmacy sector is witnessing significant transformation due to digital technology. The rise of telepharmacy has made it possible for patients located in remote areas to access healthcare and pharmacies. This digital shift has also improved how pharmacies operate, impacting the market expansion favorably.
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Competitive Landscape
The market has the presence of established players and new entrants. A few of the major market participants include:
Baxter International Inc.
Becton, Dickinson and Company (BD)
Capsa Healthcare
McKesson Corporation
Omnicell, Inc.
Rxsafe LLC
ScriptPro LLC
Swisslog Healthcare
TOSHO Corporation
Willach Pharmacy Solutions
Yuyama Co., Ltd.
Pharmacy Automation Market Developments
October 2024: Malaysia launched its first Automated Dispensing Medication System (ADMS), known as i-Pharmabot, at the National Heart Institute (IJN), marking a significant step toward modernizing the country's pharmaceutical services through automation.
May 2024: Plenful, an AI-driven platform focused on streamlining pharmacy and healthcare workflows, raised USD 17 million in funding. This investment underscores the company's dedication to revolutionizing pharmacy operations with advanced automation and artificial intelligence technologies.
Segmental Analysis
• The market is primarily segmented on the basis of product, automation mode, end user, and region.
• By product, the automated medication dispensing segment led the market in 2024. The segment's growth is primarily fueled by the rising demand for efficient, accurate, and safe medication management systems across hospitals and retail pharmacies.
• Based on automation mode, the fully automatic segment dominated the market in 2024. Their high adoption is driven by their ability to perform entire tasks autonomously, resulting in enhanced accuracy and efficiency.
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Regional Overview
The regional analysis of the pharmacy automation market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America emerged as the leading region, largely attributed to its advanced healthcare infrastructure and rapid adoption of cutting-edge technologies. The United States, in particular, stands out for its proactive integration of automation in healthcare environments, driven by the goals of improving patient safety, minimizing medication errors, and boosting pharmacy operational efficiency. Both hospitals and retail pharmacies across the region are increasingly deploying fully automated systems for medication dispensing, packaging, and inventory management. Additionally, supportive government regulations and initiatives focused on improving healthcare delivery and reducing costs have further fueled market growth. The strong presence of key industry players and continued investments in technological advancements solidify North America's position as a dominant force in the pharmacy automation market.
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