Global Pharmacy Automation Market Size, Share, Forecast 2022 - 2032 | Top key players: Medacist Solutions Group, LLC, Aesynt, Inc., Becton, and others

According to a research report published by Spherical Insights & Consulting, The Global Pharmacy Automation Market size is to Grow from USD 5.35 Billion in 2022 to USD 12.32 Billion by 2032, at a Compound Annual Growth Rate CAGR of 8.7% during the Forecast Period.

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The Pharmacy Automation global market research studies offer an in-depth analysis of current industry trends, development models, and methodology. Production processes, development platforms, and the actual product models are some of the variables that have a direct impact on the market. The aforementioned characteristics can drastically vary in response to even minor changes in the product profile. The study provides a thorough explanation of each of these elements of healthcare.

Market Overview
Pharmacy automation is the use of machines and technology to improve and expedite a number of procedures in a pharmacy. Prescription dispensing, drug packaging, inventory control, and patient record keeping are just a few of the many duties included in this. Accuracy, efficiency, and patient safety are the goals of pharmacy automation systems, which include computerized prescription verification, automated pharmaceutical storage and retrieval systems, and robotic dispensing units. These systems lower the possibility of human mistake in dosage computations and medicine delivery by reducing manual intervention.

The global market is Pharmacy automation robust:
• Rising demand for medication safety and accuracy, driving adoption of automated prescription dispensing systems to reduce medication errors and improve patient outcomes.
• Growing healthcare digitization and integration of electronic health records (EHRs), boosting the need for automated data management and patient record systems.
• Technological advancements in robotics, artificial intelligence (AI), and machine learning, enabling smarter and faster pharmacy automation solutions.
• Expansion of retail pharmacy chains and hospital networks, especially in emerging markets, increasing the deployment of pharmacy automation technologies to scale operations.

The market share of the pharmaceutical dispensing systems sector was approximately 25.3% in 2022.

medicine dispensing systems, packaging & labeling systems, storage & retrieval systems, automated medicine compounding systems, and tabletop tablet counters are the product-based segments of the worldwide pharmacy automation market. Because of its critical function in enhancing medication management procedures, the pharmacy automation market share held by the medication dispensing systems sector was the greatest. These technologies, which include automated pharmaceutical storage, retrieval systems, and robotic dispensers, greatly improve accuracy, lower human error, and speed up prescription fulfillment. Healthcare facilities are using these technologies more and more to improve workflow efficiency as a result of rising prescription volumes and patient safety concerns. Their attractiveness is further enhanced by their interaction with pharmaceutical information systems and electronic health records.

With a revenue share of almost 47.8% in 2022, the retail pharmacy segment dominated the market.

The global pharmacy automation market is divided into four segments based on the end-use: mail-order pharmacies, inpatient pharmacies, outpatient pharmacies, and retail pharmacies. Because of its extensive presence and crucial role in patient care, the retail pharmacy segment holds the greatest share of the pharmacy automation market. Retail pharmacies use automation to expedite prescription processing and dispensing because of their large prescription volume and emphasis on client convenience. Automated systems improve patient satisfaction by increasing operational efficiency, cutting down on waiting times, and minimizing errors. The need to manage chronic illnesses, growing healthcare costs, and growing demand for contactless services are all contributing factors to the segment's rise.

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Leading players of Pharmacy Automation Market including:
• Amerisource Bergen Corporation
• Accu-Chart Plus Healthcare Systems, Inc.
• Omnicell, Inc.
• McKesson Corporation
• Pearson Medical Technologies
• Scriptpro LLC
• Fulcrum Pharmacy Management, Inc.
• Health Robotics S.R.L.
• Medacist Solutions Group, LLC
• Aesynt, Inc.
• Becton, Dickinson and Company
• Capsa Healthcare
• Cerner Oracle
• Baxter International Inc.
• Swisslog Healthcare
• Others

Market Challenges & Constraints
• High initial cost: Implementation often requires capital investment, which can be a barrier for smaller healthcare facilities.
• Complex IT integration: Legacy systems and EHR interoperability issues can delay deployment.
• Regulatory hurdles: Compliance and device class approvals vary by region, potentially slowing market entry.

Research Objectives - Pharmacy Automation Market
1. To define and estimate the global pharmacy automation market size by product type, end-use, and region (2022-2032).
2. To identify key drivers, restraints, and opportunities shaping the market, including technological advancements (e.g., AI, robotics), medication error reduction, and regulatory factors.
3. To analyze market segmentation and forecast growth across:
o Product categories: dispensing, storage, compounding, labeling systems
o End-use settings: hospital pharmacies, retail chains, mail-order, long-term care
o Geographic regions: North America, Europe, Asia-Pacific, Latin America, and MEA
4. To evaluate the impact of automation on clinical and operational efficiency, including turnaround time, labor costs, and error rates in medication management.
5. To assess the competitive landscape, identifying major players, their market shares, product portfolios, and strategic developments (e.g., mergers, acquisitions, innovation).

Recent Developments
• In June 2022, Becton, Dickinson & Company, and Frazier Healthcare Partners have reached a formal deal in which BD will pay USD 1.525 billion for Parata Systems, an innovative developer of pharmacy automation systems. An expanding network of pharmacies relies on Parata's range of revolutionary pharmacy automation solutions to decrease costs, increase patient safety, and enhance the patient experience.

Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global pharmacy automation market based on the below-mentioned segments:

Pharmacy Automation Market, By Product
• Medication Dispensing Systems
• Packaging & Labeling Systems
• Storage & Retrieval Systems
• Automated Medication Compounding Systems
• Tabletop Tablet Counters

Pharmacy Automation Market, By End-Use
• Retail Pharmacy
• Inpatient Pharmacies
• Outpatient Pharmacies
• Mail-Order Pharmacies

Pharmacy Automation Market, Regional Analysis
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia Pacific
• South America
o Brazil
o Argentina
o Rest of South America
• Middle East & Africa
o UAE
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What's covered in the report?
• Overview of the Pharmacy Automation Market.
• The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Pharmacy Automation Market, based on segment.
• Pharmacy Automation Market trends.
• Pharmacy Automation Market drivers.
• Analysis of major company profiles.

FIVE FORCES ANALYSIS - Pharmacy Automation Market

1. Threat of New Entrants - Mederate
• Barriers to entry are relatively high due to:
o High R&D and capital investment required for automation hardware/software.
o Regulatory approvals (e.g., FDA, CE certification) are complex and time-consuming.
• However, growing demand and tech-driven opportunities attract startups with niche solutions (e.g., AI-based inventory tracking or smart dispensing).
• Cloud-based or SaaS models can lower entry costs for software providers.
>> Impact: Moderate - well-established players dominate, but innovation can create openings.

2. Bargaining Power of Suppliers - Low to Moderate
• Core components (robotics, software systems, sensors) are manufactured by many global suppliers.
• Large players like BD, Omnicell, and Swisslog typically source from multiple vendors or have internal production capabilities.
• However, for specialized components (e.g., robotic arms, precision labelers), suppliers may have more influence.
>>Impact: Generally low - diversified supply chains limit supplier dominance.

3. Bargaining Power of Buyers - High
• Buyers include large hospital chains, retail pharmacy groups, and healthcare systems, who demand:
o Customizable systems
o High ROI
o Strong after-sales support
• High switching costs exist for large, integrated systems, but smaller pharmacies have options and negotiate on price and service.
>>Impact: High - institutional buyers can push for better pricing, features, and integration.

4. Threat of Substitutes - Moderate
• Manual pharmacy operations are still in use, especially in small or rural setups.
• Substitutes include outsourced pharmacy services, centralized fulfillment centers, and generic automation tools not specifically designed for pharmacy.
• However, automation offers superior safety, speed, and accuracy, reducing substitution likelihood in critical care settings.
>>Impact: Moderate - while alternatives exist, automation's clinical benefits limit substitution.

5. Industry Rivalry - High
• The market is highly competitive, with leading players like:
o Becton Dickinson (BD)
o Omnicell
o Swisslog Healthcare
o McKesson
o Capsa Healthcare
• Intense competition around innovation, price, and customization.
• M&A activity (e.g., BD acquiring Parata Systems) intensifies rivalry.

PESTLE ANALYSIS - Pharmacy Automation Market
>>Political Factors
• Healthcare regulations and drug safety mandates drive the adoption of automation for accuracy and compliance (e.g., FDA, CDSCO, EMA).
• Government incentives in developed countries (like the U.S. and EU) promote health-tech upgrades.

>>Economic Factors
• High initial investment costs (hardware, integration, training) can limit uptake by small pharmacies or low-income regions.
• Rising global healthcare expenditure and demand for cost-efficiency support long-term growth.

>>Social Factors
• Aging population and increased prevalence of chronic diseases lead to higher prescription volumes.
• Growing awareness of patient safety drives pharmacies to adopt error-reducing technologies.
• Changing consumer behavior: demand for faster, contactless service (e.g., during and post-COVID) increases demand for automation.

>>Technological Factors
• Rapid advancements in AI, robotics, machine learning, and cloud computing enhance the capabilities of automated systems.
• Integration with Electronic Health Records (EHRs) and smart prescribing improves overall workflow.

>>Legal Factors
• Strict data privacy regulations (e.g., HIPAA, GDPR) affect how pharmacy systems store and manage patient data.
• Compliance with medical device approvals and software validation is mandatory for deployment.

>>Environmental Factors
• Push for eco-friendly packaging and operations aligns with sustainable automation systems (e.g., waste reduction, paperless workflows).
• Energy-efficient and low-power consumption automation systems are gaining attention.

Table of Content (TOC)
• Introduction
1. Objectives of the Study
2. Market Definition
3. Research Scope
• Research Methodology and Assumptions
• Executive Summary
• Premium Insights
1. Porter's Five Forces Analysis
2. Value Chain Analysis
3. Top Investment Pockets
1. Market Attractiveness Analysis By Product Type
2. Market Attractiveness Analysis By Type
3. Market Attractiveness Analysis By Segment Type
4. Market Attractiveness Analysis By Region
4. Industry Trends
• Market Dynamics
1. Market Evaluation
2. Drivers
1. Increasing development in sector
3. Restraints
4. Opportunities
5. Challenges
• Global Pharmacy Automation Market Analysis and Projection, By Product Type
• Global Pharmacy Automation Market Analysis and Projection, By Type
• Global Pharmacy Automation Market Analysis and Projection, By Segment Type
• Global Pharmacy Automation Market Analysis and Projection, By Regional Analysis
1. Segment Overview
2. North America
1. U.S.
2. Canada
3. Mexico
3. Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
4. Asia-Pacific
1. Japan
2. China
3. India
5. South America
1. Brazil
6. Middle East and Africa
1. UAE
2. South Africa
• Global Pharmacy Automation Market-Competitive Landscape
1. Overview
2. Market Share of Key Players in the Global Pharmacy Automation Market
1. Global Company Market Share
2. North America Company Market Share
3. Europe Company Market Share
4. APAC Company Market Share
3. Competitive Situations and Trends
1. Coverage Launches and Developments
2. Partnerships, Collaborations, and Agreements
3. Mergers & Acquisitions
4. Expansions
• Company Profiles
1. Company1
1. Business Overview
2. Company Snapshot
3. Company Market Share Analysis
4. Company Coverage Portfolio
5. Recent Developments
6. SWOT Analysis
2. Company2
1. Business Overview
2. Company Snapshot
3. Company Market Share Analysis
4. Company Coverage Portfolio
5. Recent Developments
6. SWOT Analysis
3. Company3
1. Business Overview
2. Company Snapshot
3. Company Market Share Analysis
4. Company Coverage Portfolio
5. Recent Developments
6. SWOT Analysis

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