Press release
Pharmacy Automation Solution Market Poised to Hit $13.82 Billion by 2029 with Accelerating Growth Trends
Pharmacy Automation Solution
Pharmacy Automation Solution Market Size Growth Forecast: What to Expect by 2025?
There has been a significant growth in the market size of pharmacy automation solutions in the past few years. The market, which is estimated to be at $7.76 billion in 2024, is set to rise to $8.51 billion in 2025 with a compound annual growth rate (CAGR) of 9.6%. Factors contributing to this growth during the historical period include a rise in the volume of prescriptions, decrease in medication errors, a shortfall of labor in the healthcare industry, the need for regulatory compliance, and consumer demand for convenience.
How Will the Pharmacy Automation Solution Market Size Evolve and Grow by 2029?
The market for pharmacy automation solutions is anticipated to experience swift expansion in the upcoming years, expecting to reach $13.82 billion in 2029, with a compound annual growth rate (CAGR) of 12.9%. The escalation during the forecast period can be attributed to factors like telehealth, the integration with digital health records (EHRs), advanced medication management, optimization of pharmacy workload, and worldwide healthcare tendencies. Key trends during this period include inventory management strategies, patient-oriented methods, regulatory adherence, data analytics and reporting, and compatibility with electronic health records (EHR).
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What Drivers Are Propelling the Growth of Pharmacy Automation Solution Market Forward?
The pharmacy automation solution market is predicted to get a boost as the call for pharmaceuticals increases. Pharmaceuticals, which are either drugs or medications used to prevent, diagnose, treat or cure various diseases and health issues, use automation for drug delivery systems, tablet compressions and coatings, and liquid dosing in their manufacturing processes. For example, the European Federation of Pharmaceutical Industries and Associations (EFPIA) reported in June 2023 that the total production of pharmaceuticals in Europe had risen by approximately 4.95% from $366,267 million (€323,950 million) in 2021 to $384,200 million (€340,000 million) in 2022. This surge in the demand for pharmaceuticals is boosting the growth of the pharmacy automation solution market.
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Which Emerging Trends Are Transforming the Pharmacy Automation Solution Market in 2025?
Innovative product development is an emerging trend in the pharmacy automation solution industry. To compete and maintain their market position, major businesses in this field are concentrating their efforts on producing innovative items. For example, Deenova Srl, a company based in Italy that specializes in pharmacy automation solutions, released an innovative product known as the EAHP D3 in March 2022. This addition includes AIDE-Cut, AIDE-Pack, and AIDE-Pick. AIDE-Cut is a mechatronic system designed to package oral solid pharmaceuticals in unit doses. AIDE-Pack, on the other hand, repackages all categories of pharmaceuticals, both oral and non-oral, into single dose formats. Each unit dose is recognized by a data matrix code that encapsulates crucial drug data, such as batch and expiration dates, unique serialization number, and medication code. Furthermore, the Deenova D3 series solution AIDE-Pick finds its use in therapy preparation in centralized, sub-acute, and multi-site health facilities.
What Are the Key Segments in the Pharmacy Automation Solution Market?
The pharmacy automation solution market covered in this report is segmented -
1) By Type: Automated Medication Dispensing, Automated Packaging And Labeling, Automated Storage And Retrieval, Automated Medication Compounding, Other Types
2) By Automation Mode: Fully-Automatic, Semi-Automatic
3) By Applications: Inpatient Pharmacy, Outpatient Pharmacy, Retail Pharmacy, Other Applications
Subsegments:
1) By Automated Medication Dispensing: Robotic Dispensing Systems, Automated Dispensing Cabinets (ADCs), Pharmacy Management Software
2) By Automated Packaging And Labeling: Labeling Systems, Packaging Machines, Barcode Scanning Solutions
3) By Automated Storage And Retrieval: Vertical Carousels, Horizontal Carousels, Automated Guided Vehicles (AGV's)
4) By Automated Medication Compounding: IV Compounding Systems, Oral Compounding Systems, Automated Compounding Devices
5) By Other Types: Medication Adherence Solutions, Inventory Management Systems, Workflow Management Solutions
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Who Are the Key Players Shaping the Pharmacy Automation Solution Market's Competitive Landscape?
Major companies operating in the pharmacy automation solution market include McKesson Corporation, AmerisourceBergen Corporation, Cerner Corporation, MedAvail Technologies Inc., Baxter International Inc., Grifols Shared Services North America Inc., KUKA AG, Omnicell Inc., Swisslog Holding AG, Pearson Medical Technologies UK, Parata Systems LLC, TOSHO Co. Inc., ScriptPro LLC, ABX Engineering Inc., Innovation Associates Inc., Mediware Information Systems Inc., ARxIUM, Capsa Solutions LLC, Kirby Lester LLC, MEPS Real-Time Inc., RxSafe LLC, ForHealth Technologies Inc., Medacist Solutions Group, Yuyama Inc., Talis Clinical LLC, Willach Group.
What Geographic Markets Are Powering Growth in the Pharmacy Automation Solution Market?
Asia-Pacific was the largest region in the pharmacy automation solution market in 2024. The regions covered in the pharmacy automation solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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