Pharmacy Automation Market Trends That Will Shape the Next Decade: Insights from Advanced Drug Dispensing Systems To Reduce Medical Errors

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How Large Will the Pharmacy Automation Market Size By 2025?
The overall scale of the pharmacy automation sector has seen significant expansion lately, projected to increase from an evaluated $7.32 billion in the year 2024 to $8.17 billion by 2025, demonstrating a consistent annual growth rate (CAGR) of 11.6%. This upward trajectory experienced during the past period is primarily fueled by several key factors, including the scarcity of qualified personnel in pharmacy settings, the enforcement of rigorous regulatory frameworks and established benchmarks, an imperative to minimize mistakes related to medication dispensing, superior capabilities in managing data, and the rising demand from patients expecting accelerated service delivery.

How Big Is the Pharmacy Automation Market Size Expected to Grow by 2029?
Anticipations suggest that the scale of the pharmacy automation market will expand vigorously in the coming years, projected to reach a value of $12.26 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.7%. This upward trajectory through the predicted timeframe is fueled by several factors, such as the increasing volume of prescriptions stemming from an aging demographic, the proliferation of retail pharmacy outlets, a heightened emphasis on optimizing the patient journey, escalating operational expenses related to staffing, and enhanced interoperability with electronic health record (EHR) platforms. Key developments anticipated during this period involve the incorporation of artificial intelligence into various systems, greater implementation of telepharmacy services, more extensive deployment of robotic technologies, the establishment of centralized frameworks for managing prescription fulfillment, and the gradual introduction of blockchain technology.

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Which Key Market Drivers Powering Pharmacy Automation Market Expansion and Growth?
Anticipated expansion in the pharmacy automation sector is projected to be fueled by the escalating incidence of diseases. This disease rate, which quantifies how frequently a particular ailment appears in a defined populace over a set timeframe, is climbing as a result of multiple contributing elements such as demographic expansion, heightened global transit and commerce, shifts in weather patterns, environmental contamination, and the introduction of novel pathogens or variants. Pharmacy automation technology is designed to counteract these rising disease levels by making the procedures for distributing pharmaceuticals more streamlined, thereby boosting both the precision and effectiveness of how illnesses are handled. Such automated setups enable healthcare professionals to dispense and track medications with greater punctuality, allowing for swift clinical adjustments should a patient's health deteriorate. To illustrate this trend, projections released by the World Health Organization, an international body headquartered in Switzerland, indicated in February 2024 that the global count of new cancer diagnoses could surpass 35 million by 2050, marking a 77 percent escalation from the nearly 20 million cases tallied in 2022; consequently, this swelling disease burden is identified as a key driver propelling the future advancement of the pharmacy automation industry.

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Which Fast-Growing Trends Are Poised to Disrupt the Pharmacy Automation Market?
Key players within the pharmacy automation sector are concentrating efforts on broadening their offerings by incorporating sophisticated automation technologies, notably advanced drug dispensing systems, as a strategic move to enhance their market standing. These next-generation automated drug dispensing mechanisms represent cutting-edge technological answers engineered to streamline and take over the entire process of distributing pharmaceuticals across various medical environments. To illustrate this trend, in October of 2023, JVM Co. Ltd., which hails from South Korea and specializes in designing pharmacy automation gear, introduced MENITH, an automated dispensing unit distinguished by an articulated robotic arm. MENITH stands as JVM's latest innovation, incorporating a multi-joint collaborative robot specifically developed to achieve complete automation of the canister swapping procedure. This device achieves a dispensing rate exceeding double that of conventional pouch-based automated dispensers, capable of processing up to 120 pouches every sixty seconds, further augmented by an integrated inspection system that significantly cuts down on both the duration and personnel commitment necessary for prescription fulfillment operations.

What Are the Emerging Segments in the Pharmacy Automation Market?
The pharmacy automationmarket 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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Who Are the Global Leaders in the Pharmacy Automation Market?
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 are the Top Profitable Regional Markets for the Pharmacy Automation Industry?
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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