Future of the Pharmacy Automation Devices Market: Strategic Analysis and Forecast to 2034

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Pharmacy Automation Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for pharmacy automation devices has seen a brisk growth. The market is projected to expand from $6.06 billion in 2024 to $6.73 billion in 2025, registering a compound annual growth rate (CAGR) of 10.9%. A rise in prescription volumes, the need to minimize errors, the urge to enhance operational efficiency, requirements for regulatory compliance, shortages of pharmacy workforce, customer expectations for prompt service, and challenges in inventory management have contributed significantly to this growth in the past.

Pharmacy Automation Devices Market Size Forecast: What's the Projected Valuation by 2029?
In the forthcoming years, the market size of pharmacy automation devices is anticipated to witness a brisk expansion. It is projected to reach $10.1 billion by 2029, with a compound annual growth rate (CAGR) of 10.7%. The surge during the forecast period can be ascribed to the globalization of pharmacy services, the concentration on preventive care and optimization of pharmacy workflow, the expansion of telemedicine services, and emphasis on sustainable practices along with patient-centric medication management. Notable trends for the forecast period encompass the adoption of automation and robotics, the launch of centralized automated dispensing systems (cads), the introduction of AI, the growth of telepharmacy services, and the deployment of automated prescription filling machines and medication verification technologies.

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What Are the Drivers Transforming the Pharmacy Automation Devices Market?
The rising number of prescriptions is anticipated to foster the expansion of the pharmacy automation devices market in the future. An elderly population, an elevated incidence of chronic illnesses, and broader healthcare service access contribute to the upsurge in prescription volume. Pharmacy automation tools effectively manage prescription processing, minimize mistakes, and enhance capacity to manage escalating prescription volumes. For instance, data from the Australian Institute of Health and Welfare, a government agency based in Australia, reveals that in 2022-23, 17.8 million Australians, constituting 67% of the population, were dispensed PBS prescriptions. The prescription dispensing rates increased with age, the lowest proportion was recorded among individuals between 0-14 years (184 prescriptions per 100 people in this category), whereas the highest proportions were among those aged 85 and beyond (6,031 prescriptions per 100 people in this category). Thus, the rising prescription volume is fueling the growth of the pharmacy automation devices market.

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What Long-Term Trends Will Define the Future of the Pharmacy Automation Devices Market?
The primary trend gaining traction in the pharmacy automation devices market is product innovation. To accommodate consumer demand, major corporations in this market are concentrating on producing cutting-edge solutions. For example, Deenova, a preeminent provider of integrated robotic and automation solutions based in Italy, unveiled its groundbreaking product lineup, AIDE, in July 2023. This launch encompasses the introduction of two inventive automation systems: AIDE-CUT, intended to repackage medications into single-dose units, and AIDE-PICK, designed to automate patient therapy dispensing. The goal of these state-of-the-art systems is to boost operational productivity and guarantee comprehensive medication traceability in the medication management procedures of hospitals.

Which Segments in the Pharmacy Automation Devices Market Offer the Most Profit Potential?
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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Which Firms Dominate the Pharmacy Automation Devices Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Pharmacy Automation Devices Market?
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.

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