Global Pharmacy Automation Solution Industry Outlook 2025-2029: Market Set to Cross $13.6 Billion Milestone

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How Large Will the Pharmacy Automation Solution Market Size By 2025?
The market size for pharmacy automation solutions has experienced robust growth in the past few years. The projections indicate that it will rise from $7.76 billion in 2024 to $8.44 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. The significant growth in the previous period is due to factors such as an increase in prescription volumes, a reduction in medication errors, labor shortages in the healthcare sector, regulatory obligations, and an increase in patient need for convenience.

How Big Is the Pharmacy Automation Solution Market Size Expected to Grow by 2029?
Anticipated to experience swift expansion in the coming years is the pharmacy automation solution market, with a projection to surge to $13.6 billion by 2029, boasting a compound annual growth rate (CAGR) of 12.7%. This projected growth in the forecast period is mainly due to the advent and integration of telehealth and remote pharmacy services, the merging with electronic health records (EHRs), advancements in medication management, optimization of pharmacy workload, and the influence of global healthcare trends. Significant trends to watch in the forecast period comprise solutions for inventory management, patient-focused methods, regulatory conformity, analytics, and reporting of data, and compatibility with electronic health records (EHR).

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Which Key Market Drivers Powering Pharmacy Automation Solution Market Expansion and Growth?
The growing need for pharmaceuticals is anticipated to drive the expansion of the pharmacy automation solution market. Pharmaceuticals, which are drugs or medicines that diagnose, prevent, treat, or heal diseases or medical conditions, often utilize pharmacy automation solutions for aspects like drug delivery systems, tablet compression and coating, and liquid dosing. The automation in the manufacturing process is thus improved. For instance, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a trade group representing the pharmaceutical industry, reported in June 2023 that the total pharmaceutical production in Europe for 2022 was $384,200 million (€340,000 million). This reflected a growth of roughly 4.95% from $366,267 million (€323,950 million) in 2021. As a result, the growing need for pharmaceuticals has become a catalyst for the expansion of the pharmacy automation solution market.

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Which Fast-Growing Trends Are Poised to Disrupt the Pharmacy Automation Solution Market?
A significant trend emerging in the pharmacy automation solution sector is the introduction of product innovations. Key players in this market are concentrating on the creation of innovative products to consolidate their market standing. For example, Deenova Srl, an Italy-based firm specializing in pharmacy automation solutions, unveiled its innovative EAHP D3 product in March 2022. The functionalities offered include AIDE-Cut, a mechatronic system designed for packaging oral solid medicines in solitary doses, the AIDE-Pack, useful for repackaging all types of medicines, both oral and non-oral, into single-dose formats. It utilizes a data matrix code that encapsulates crucial information about the drug, such as its batch and expiry dates, a unique serial number, and a medication code to identify each unit dose. On the other hand, the company's Deenova D3 series solution, AIDE-Pick is deployed for centralized therapy preparation in sub-acute and multi-location healthcare facilities.

What Are the Emerging Segments in the Pharmacy Automation Solution Market?
The pharmacy automation solutionmarket 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 Global Leaders in the Pharmacy Automation Solution Market?
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.

Which are the Top Profitable Regional Markets for the Pharmacy Automation Solution Industry?
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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