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What Is the Forecast for the Pharmacy Automation Market from 2024 to 2025?

Rapid expansion has been witnessed in the pharmacy automation market size in the past few years. It is projected to escalate from $7.32 billion in 2024 to $8.2 billion in 2025, with a compound annual growth rate (CAGR) of 12.0%. Factors such as the dearth of proficient pharmacy personnel, strict rules and norms, the imperative to diminish drug inaccuracies, improved data administration, and the demand from patients for quicker services have contributed to the growth in the past period.

What Is the Projected Market Size of the Pharmacy Automation Market?

In the coming years, the pharmacy automation market is projected to experience swift expansion. By 2029, it is predicted to reach $12.71 billion, registering a compound annual growth rate (CAGR) of 11.6%. This growth during the forecast period can be accredited to several factors such as proliferating prescription numbers due to elderly populations, expansion of retail pharmacy chains, emphasis on enhancing patient experience, surging labor expenses, and integration with electronic health record (EHR) systems. The key trends predicted in the forecast period consist of AI-driven systems, the embrace of telepharmacy solutions, escalating use of robotics, centralized approaches to prescription processing, and adoption of blockchain technology.

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Who are the Major Competitors in the Pharmacy Automation Market Outlook?

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.

What Is Fueling Growth in the Pharmacy Automation Market?

An upsurge in disease prevalence is anticipated to fuel the pharmacy automation market’s expansion in the future. The term disease rate denotes the frequency of a certain disease’s occurrence within a specific population during a defined timeframe. Various factors, such as growing population, heightened travel and commerce, climate shifts, pollution, and the appearance of novel infectious agents or strains, contribute to the rise in disease rates. Pharmacy automation strategies aim to curtail disease rates by honing medication dispensation processes to improve precision and efficacy in disease control. Systems for pharmacy automation can expedite the dispensation and monitoring of medications, permitting healthcare specialists to respond swiftly if the health status of patients deteriorates. For instance, the World Health Organization, an intergovernmental entity based in Switzerland, predicted in February 2024 that by 2050, over 35 million fresh cancer cases would arise, which is a 77% increase relative to the projected 20 million cases in 2022. Consequently, the upswing in the disease rate propels the growth trajectory of the pharmacy automation market into the future.

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Which Pharmacy Automation Market Segments Are Growing the Fastest?

The pharmacy automation market 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

Which Industry Trends Are Shaping the Future of the Pharmacy Automation Market?

To stay competitive in the pharmacy automation market, major companies are divulging into advanced technology solutions and expanding their product range with next-generation automatic medication dispensing systems. Such technology is designed to improve the efficiency and automation of drug dispensing in healthcare facilities. For example, in October 2023, JVM Co. Ltd, a South Korean enterprise known for its pharmacy automation systems, unveiled MENITH. This automated dispensing machine redefines innovation with its robotic arm movement. MENITH is a product of JVM that includes an advanced multi-joint collaborative robot arm created to automate the canister exchange process fully. It boasts a dispensing speed twice the speed of conventional pouch-type dispensers, handling up to 120 pouches per minute. Additionally, it is equipped with an automated inspection system that significantly cuts down the time and resources required in the pharmacy dispensing process.

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Which Countries Are Leading the Pharmacy Automation Market?

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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This Report Delivers Insight On:

1. How big is the pharmacy automation market, and how is it changing globally?

2. Who are the major companies in the pharmacy automation market, and how are they performing?

3. What are the key opportunities and risks in the pharmacy automation market right now?

4. Which products or customer segments are growing the most in the pharmacy automation market?

5. What factors are helping or slowing down the growth of the pharmacy automation market?

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