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Rising Medication Errors Fueling Growth in Pharmacy Automation Systems Market: Pivotal Factor Influencing Pharmacy Automation Systems Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsPharmacy Automation Systems Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been substantial growth in the market size of pharmacy automation systems. The market value is projected to expand from $5.86 billion in 2024 to $6.33 billion in 2025, marking a compound annual growth rate (CAGR) of 8.0%. This development during the historical period can be credited to factors such as removal of manual medicine dispensing, heightened pharmaceutical safety, and reduction in medication errors.
How Will the Pharmacy Automation Systems Market Size Evolve and Grow by 2029?
We anticipate robust expansion of the pharmacy automation systems market in the ensuing years. The market is projected to escalate to $8.53 billion in 2029, with a compound annual growth rate (CAGR) of 7.8%. Factors contributing to the market's growth in the expected period could include the rise in the number of retail pharmacies, favorable government policies, and increasing adoption of automated pharmacy systems. Trends forecasted for this period encompass product innovations, technological progress, and business partnerships and collaborations.
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What Drivers Are Propelling the Growth of Pharmacy Automation Systems Market Forward?
The growth of the pharmacy automation systems market is anticipated to be fueled by the rising prevalence of medication errors. Errors related to medication are defined as preventable mistakes or incidents that occur in any phase of the healthcare process, including prescribing, dispensing, administering and monitoring medication. These automated pharmacy systems keep meticulous and complete records of dispensed medications and patient histories, which simplifies access for healthcare providers and decreases the likelihood of errors due to incomplete or missing information. For example, in September 2022, the World Health Organization, a Switzerland-based government entity, reported that the incidence of medication errors in hospitals varied from 0.3% to 9.1% in prescriptions and between 1.6% and 2.1% at the point of dispensing in 2022. Moreover, the expenditure related to medication errors was €2 billion (2.17 billion) in 2022, representing 3% of the total national healthcare expenditure. Thus, the pharmacy automation systems market expansion is driven by the surge in medication errors.
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Which Emerging Trends Are Transforming the Pharmacy Automation Systems Market in 2025?
Prominent businesses involved in the pharmacy automation systems market are concentrating on the creation of innovative products like medications repackaging systems to maintain their market dominance. Medications repackaging systems, which can be either automated or manual, repack medicines from large bulk containers into smaller doses specified for individual patients. An example of this occurred in March 2022, when Deenova Srl, a pharmacy automation systems provider from Italy, introduced the EAHP D3, a novel addition to their product line for pharmacy automation systems. This product line consists of AIDE-Cut, AIDE-Pack, and AIDE-Pick. AIDE-Cut is a mechatronic system used to pack individual doses of oral solid pharmaceuticals. AIDE-Pack is utilized to repackage all types of pharmaceuticals - oral and non-oral - into single dose formats. Each single dose is identified using a data matrix code that encompasses all the crucial properties of the drug like batch numbers, expiration dates, unique serialization numbers and medication codes. Meanwhile, Deenova D3 series solution AIDE-Pick is employed for central therapy preparation in sub-acute and multi-location healthcare centers.
What Are the Key Segments in the Pharmacy Automation Systems Market?
The pharmacy automation systems market covered in this report is segmented -
1) By Product Type: Automated Medication Dispensing Systems, Automated Medication Compounding Systems, Automated Packaging And Labelling Systems, Automated Table Top Counters, Automated Storage And Retrieval Systems
2) By Mode Of Automation: Semi-Automatic Systems, Fully-Automatic Systems
3) By End User: Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Pharmacy Benefit Management Organizations And Mail-Order Pharmacies
Subsegments:
1) By Automated Medication Dispensing Systems: Centralized Dispensing Systems, Decentralized Dispensing Systems
2) By Automated Medication Compounding Systems: IV Compounding Systems, Oral Compounding Systems
3) By Automated Packaging And Labelling Systems: Blister Packaging Systems, Bottle Filling And Labelling Systems
4) By Automated Tabletop Counters: Tablet Counters, Capsule Counters
5) By Automated Storage And Retrieval Systems: Robotic Storage Systems, Carousel Systems
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Who Are the Key Players Shaping the Pharmacy Automation Systems Market's Competitive Landscape?
Major companies operating in the pharmacy automation systems market report are CVS Health, AmerisourceBergen Corporation, Cardinal Health, Kroger Company, Danaher Corporation, Rite Aid Corporation, Becton, inson and Company, Cerner Corporation, Epic Systems Corporation, KUKA AG (Swisslog Healthcare), Automated Healthcare Systems Incorporated, Omnicell Inc., Swisslog Holdings AG, Parata Systems LLC, Scriptpro LLC, Capsa Healthcare, Arxium Inc., Talyst LLC, Kirby Lester LLC, Yuyama Co. Ltd., Rx Safe LLC, Pharmatech Corporation, Pearson Medical Technologies, Hy-Tek Medical Limited, Rotech Healthcare
What Geographic Markets Are Powering Growth in the Pharmacy Automation Systems Market?
North America was the largest region in the pharmacy automation systems market in 2024. The regions covered in the pharmacy automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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