Rise In Disease Rate Is Anticipated To Fuel The Expansion Of The Pharmacy Automation Market: Core Growth Enabler in the Pharmacy Automation Market, 2025

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What Will the Pharmacy Automation Industry Market Size Be by 2025?
The market size for pharmacy automation has seen significant expansion in the past few years. Its growth is projected to escalate from $7.32 billion in 2024, reaching $8.2 billion in 2025, and achieving a compound annual growth rate (CAGR) of 12.0%. This growth during the historic period can be credited to factors such as the scarcity of highly skilled pharmacy practitioners, rigid regulations and standards, the imperative to minimize medication mishaps, improved management of data, and patients demanding quicker services.

What's the Long-Term Growth Forecast for the Pharmacy Automation Market Size Through 2029?
The market size of pharmacy automation is anticipated to experience substantial growth in the forthcoming years, reaching $12.71 billion in 2029 with a compound annual growth rate (CAGR) of 11.6%. The increase during the forecast period can be credited to factors such as the surge in prescriptions due to ageing demographics, the expansion of retail pharmacy chains, emphasis on client experience, escalating labor expenses, and unification with electronic health record (EHR) systems. The forecast period is set to witness significant trends like AI-based systems, the uptake of telepharmacy solutions, escalated usage of robotics, centralized prescription processing systems, and the integration of blockchain technology.

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What Are the Key Growth Drivers Fueling the Pharmacy Automation Market Expansion?
The pharmacy automation market is forecasted to expand due to the rising disease rate. The term "disease rate" stands for the prevalence of a specific disease among a certain populace over a given timeframe. A variety of factors have contributed to an increase in disease rates, such as growing population, elevated levels of travel and commerce, climate changes, pollution, and the introduction of new infectious pathogens or variants. The goal of pharmacy automation is to reduce disease rates by improving the dispensation of medication procedures, thereby improving precision and productivity in disease control. Systems for pharmacy automation can aid in providing and supervising medications promptly, allowing healthcare professionals to step in quickly in case of patient health deterioration. For instance, in February 2024, the World Health Organization, based in Switzerland, projected that by 2050, there would be over 35 million new cancer cases, a 77% rise compared to the estimated 20 million cases in 2022. Therefore, it is the increase in the disease rate that is propelling the growth of the pharmacy automation market onwards.

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What Are the Key Trends Driving Pharmacy Automation Market Growth?
Key companies in the pharmacy automation market are actively striving to enhance their product range by introducing advanced pharmacy automation solutions, such as next-generation automatic drug dispensing systems, to establish a competitive advantage. These new-age automated drug dispensing systems represent sophisticated technology solutions aimed at automating and simplifying the dispensation of medications in healthcare environments. For example, in October 2023, JVM Co. Ltd., a pharmacy automation systems manufacturer based in South Korea, unveiled the MENITH, an automated medication dispensing gadget equipped with a robot arm with articulating movement. MENITH, a cutting-edge product from JVM, incorporates a multi-joint cooperative robot arm engineered to automate the canister replacement process in full. It boasts a dispensing speed that more than doubles the rate of traditional pouch-style automated dispensers, managing to distribute up to 120 pouches per minute. Additionally, it comprises an automatic inspection system that minimises the time and resources dedicated to the pharmacy dispensing process.

How Is the Pharmacy Automation Market Segmented?
The pharmacy automation market covered in this report is segmented -

1) By Product: Dispensing Systems, Pill Sorting Machines, Labelling Machines, Packaging Machines, Inventory Management, Automated Storage and Retrieval Systems, Other Products
2) By Application: Drug Dispensing And Packaging, Drug Storage, Inventory Management
3) By End User: Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Pharmacy Benefit Management Organizations And Mail-Order Pharmacies

Subsegments:
1) By Dispensing Systems: Prescription Dispensing Systems, Automated Dispensing Cabinets, Robot-Assisted Dispensing
2) By Pill Sorting Machines: Manual Pill Sorting Machines, Automated Pill Sorting Machines
3) By Labelling Machines: Labeling For Bottles And Containers, Labeling For Blister Packs, Automated Label Application Machines
4) By Packaging Machines: Pill Packaging Machines, Blister Packaging Machines, Bottle Packaging Machines
5) By Inventory Management: Inventory Tracking Systems, Drug Replenishment Systems, Stock Auditing Systems
6) By Automated Storage And Retrieval Systems: Vertical Lift Modules (Vlms), Automated Shelving Systems, Carousel Storage Systems
7) By Other Products: Prescription Verification Systems, Pharmacy Workflow Automation Tools

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Which Companies Are Leading the Charge in Pharmacy Automation Market Innovation?
Major companies operating in the pharmacy automation market report are Mckesson Corporation; AmerisourceBergen Corporation; Oracle Corporation; Baxter International Inc.; Cerner Corporation; Pearson Medical Technologies LLC; Omnicell Inc.; Swisslog Holding AG; Tension Corporation; Noritsu Koki Co. Ltd.; Scriptpro LLC; Capsa Healthcare LLC; Alixar Healthcare Private Limited; Deenova S.R.L; ARxIUM Inc.; Talyst Systems LLC; Touchpoint Medical Solutions Pvt. Ltd.; Kirby Lester LLC; Yuyama Co. Ltd.; Willach GmbH; RxSafe LLC; Meditech Pharmacy Management Solutions Inc.; Accu-Chart Plus Healthcare System Inc.; PDX Pharmaceuticals Inc.; Newicon Ltd.

Which Regions Are Leading the Global Pharmacy Automation Market in Revenue?
North America was the largest region in the pharmacy automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmacy automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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