Rising Demand for Efficiency to Propel Pharmacy Automation Market to $10B by 2030

Pharmacy Automation Market by Product (Automated Medication Dispensing & Storage Systems, Table-Top Counter, Retrieval Systems, Medication Compounding), End User (Inpatient, Outpatient, Retail, ASC), Facility (Large, Mid) - Global Forecast to 2030.
According to MarketsandMarkets Trademark , The report " Pharmacy Automation Market [https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr] by Product (Automated Medication Dispensing & Storage Systems, Table-Top Counter, Retrieval Systems, Medication Compounding), End User (Inpatient, Outpatient, Retail, ASC), Facility (Large, Mid) - Global Forecast to 2030", is expected to reach USD 10.00 billion by 2030 from USD 6.65 billion in 2024, at a CAGR of 7.1%.

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* 387 Market Data Tables
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* 388 Pages and in-depth TOC on " Pharmacy Automation Market - Global Forecast to 2030".

Some of the prominent key players are:

* Becton, Dickinson and Company (US),
* Omnicell, Inc. (US),
* KUKA AG (Swisslog Healthcare) (Germany),
* Baxter International Inc. (US),
* Capsa Healthcare (US),
* Oracle (US) and many more......

Mergers & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Pharmacy Automation Market.

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* Based on product type, the pharmacy automation market has been segmented into automated medication dispensing and storage systems, automated packaging and labeling systems, automated tabletop counters, automated medication compounding systems, pharmacy management software (PMS/PIMS/PIS), and other pharmacy automation systems (pharmacy kiosks, pneumatic tubes, tablet splitters, and others). In 2023, the automated medication dispensing and storage systems segment is estimated to hold the largest share of the market for pharmacy automation.
* The retail pharmacies segment is expected to grow at the fastest CAGR over the forecast period. This rapid expansion is fueled by the rising demand for streamlined pharmacy operations, growing prescription volumes, and the need for faster, more accurate medication dispensing.
* The centralized operations segment is expected to dominate the market owing to the increasing consolidation of pharmacy operations within healthcare networks and hospital systems. Centralized models enable bulk dispensing, centralized inventory management, and standardized medication preparation, leading to cost savings and improved operational control.
* In 2024, hospital pharmacies held the largest share of the pharmacy automation market, driven by rising patient volumes, increasing complexity of medication regimens, and the need for stringent safety and compliance standards.
* The pharmacy automation market is segmented into five major regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In 2023, North America accounted for the highest share in pharmacy automation market driven by its well-established healthcare infrastructure, high adoption of advanced technologies, and stringent regulatory requirements for medication safety.

The growing number of hospital admissions and the need for advanced healthcare solutions are the main factors propelling the demand for pharmacy automation market. The United Nations Population Fund (UNFPA) predicts people aged 65 and older will grow from our present 10.3% worldwide population in 2024 to 20.7% by 2074, leading to a surge in the number of elderly patients requiring long-term medication management. Based on a Harvard University housing study 2023, almost 70% of elderly people (over age 65) are likely to need long-term assistance in their lifespan. The report mentions that with Baby Boomers turning 80 by 2026, the proportion of households with adult heads aged 80 and above will nearly double between 2021 and 2040, adding to the population projected to require long-term care.

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