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Top Trends Transforming the Pharmacy Automation Devices Market Landscape in 2025: Pharmacy Automation Devices Market Embraces Product Innovation For Enhanced Efficiency
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Pharmacy Automation Devices Industry Market Size Be by 2025?
In recent times, the pharmacy automation devices market has been witnessing robust growth. Projected to escalate from a market worth of $6.06 billion in 2024 to a staggering $6.62 billion by 2025, it is expected to experience a compound annual growth rate (CAGR) of 9.2%. The expansion during the past period can be credited to a surge in prescription volume, the need to lessen errors, the urgency to enhance operational efficiency, regulatory compliance necessities, dearth of pharmacy workforce, consumer expectations for prompt service, and complications in inventory management.
What's the Long-Term Growth Forecast for the Pharmacy Automation Devices Market Size Through 2029?
The market size for pharmacy automation devices is anticipated to witness significant growth over the next few years, swelling to $9.77 billion in 2029 with a CAGR of 10.2%. The escalation during the forecast period can be ascribed to factors such as the broadening of pharmacy services globally, optimization of pharmacy workflows, increasing focus on preventive healthcare, patient-oriented medication management strategies, emphasis on environmentally sustainable initiatives, and the proliferation of telemedicine services. Noteworthy trends for the forecast period include the incorporation of robotics and automation, centralized automated dispensing systems (cads), the employment of artificial intelligence (AI), expanded telepharmacy services, advancements in medication verification tech, and the use of automated tools for prescription filling.
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What Are the Key Growth Drivers Fueling the Pharmacy Automation Devices Market Expansion?
The increasing number of prescriptions is anticipated to spur the expansion of the pharmacy automation devices market. This rise in prescription volume is due to factors such as an older population, a higher prevalence of chronic illnesses, and improved access to healthcare services. Pharmacy automation devices aid in simplifying the process of filling prescriptions, helping reduce mistakes, and enhancing productivity to manage escalating prescription levels. For example, the Australian Institute of Health and Welfare, a government agency in Australia, reported in July 2024 that in 2022-23, PBS prescriptions were dispensed to 17.8 million Australians, making up 67% of the population. Prescription dispensing rates climbed with age, with the lowest rates seen in people aged 0-14 (184 prescriptions per 100 people in this demographic), while the highest rates were among those aged 85 and older (6,031 prescriptions per 100 people in this age category). As such, the rising prescription volume is propelling the pharmacy automation devices market forward.
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What Are the Key Trends Driving Pharmacy Automation Devices Market Growth?
Product modernization is a growing trend that is gaining traction in the pharmacy automation devices industry. Major firms in this market are concentrating their efforts on creating new and innovative solutions to cater to customer needs. For example, in July 2023, Deenova, the preeminent Italian supplier of integrated robotic and automation solutions, unveiled its cutting-edge product line, AIDE. This launch includes the introduction of two state-of-the-art automation systems, AIDE-CUT and AIDE-PICK. AIDE-CUT is intended for repackaging medication into single doses, while AIDE-PICK automates the distribution of patient therapies. These systems aim to improve operational efficiency and establish a thorough traceability of medication within the hospital's medication management protocols.
How Is the Pharmacy Automation Devices Market Segmented?
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 Companies Are Leading the Charge in Pharmacy Automation Devices Market Innovation?
Major companies operating in the pharmacy automation devices market are Omnicell Inc., McKesson Corporation, Baxter International Inc., Becton dic*kinson & 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 Are Leading the Global Pharmacy Automation Devices Market in Revenue?
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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