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What Is the Forecast for the Pharmacy Automation Systems Market Growth in 2025?

In recent times, there has seen a substantial growth in the market size of pharmacy automation systems. The market, which stands at $5.86 billion in 2024, is forecasted to increase to $6.33 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. The noticeable growth in the historical term can be accredited to factors such as the eradication of the need for manual medicine delivery, enhanced pharmaceutical safety, and a reduction in medication mistakes.

What Is the Forecast for the Pharmacy Automation Systems Market Size Through 2029?

The market for pharmacy automation systems is predicted to witness significant expansion in the upcoming years. The projected growth rate is a compound annual growth rate (CAGR) of 7.8%, anticipating a market worth of $8.53 billion in 2029. The predicted growth in the forecast years can be associated with the rise in retail pharmacies, improved government regulations, and increased use of robotic pharmacy. The predominant trends in this duration are product novelties, advancements in technology, and business partnerships and collaborations.

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What are the Key Market Players in Pharmacy Automation Systems Market and How They’re Evolving?

Major companies operating in the pharmacy automation systems market report are CVS Health, AmerisourceBergen Corporation, Cardinal Health, Kroger Company, Danaher Corporation, Rite Aid Corporation, Becton, Dickinson and Company, Cerner Corporation, Epic Systems Corporation, KUKA AG (Swisslog Healthcare), Automated Healthcare Systems Incorporated, Omnicell Inc., Swisslog Holdings AG, Parata Systems LLC, Scriptpro LLC, Capsa Healthcare, Arxium Inc., Talyst LLC, Kirby Lester LLC, Yuyama Co. Ltd., Rx Safe LLC, Pharmatech Corporation, Pearson Medical Technologies, Hy-Tek Medical Limited, Rotech Healthcare

What Are the Primary Growth Drivers in the Pharmacy Automation Systems Market?

The escalating rate of medication mistakes is anticipated to boost the expansion of the pharmacy automation systems market in the future. Medication errors involve preventable mishaps or errors related to drug usage, which can happen at any stage in the healthcare process, from prescribing and dispensing to administering and monitoring. Pharmacy automation systems keep detailed and accurate records of dispensed medications and patient histories, thereby enabling healthcare professionals to easily retrieve information and lessen the possibility of errors due to incomplete or missing data. For example, the World Health Organization, a government agency based in Switzerland, reported in September 2022 that hospital medication error rates ranged between 0.3% and 9.1% in prescriptions and between 1.6% and 2.1% at the dispensing stage in 2022. Furthermore, medication errors cost €2 billion (2.17 billion) in 2022, making up 3% of the total national healthcare expenditure. As a result, the rising occurrence of medication errors propels the pharmacy automation systems market.

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What Are the Leading Segments in the Global Pharmacy Automation Systems Industry?

The pharmacy automation systems market covered in this report is segmented –

1) By Product Type: Automated Medication Dispensing Systems, Automated Medication Compounding Systems, Automated Packaging And Labelling Systems, Automated Table Top Counters, Automated Storage And Retrieval Systems

2) By Mode Of Automation: Semi-Automatic Systems, Fully-Automatic Systems

3) By End User: Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Pharmacy Benefit Management Organizations And Mail-Order Pharmacies

Subsegments:

1) By Automated Medication Dispensing Systems: Centralized Dispensing Systems, Decentralized Dispensing Systems

2) By Automated Medication Compounding Systems: IV Compounding Systems, Oral Compounding Systems

3) By Automated Packaging And Labelling Systems: Blister Packaging Systems, Bottle Filling And Labelling Systems

4) By Automated Tabletop Counters: Tablet Counters, Capsule Counters

5) By Automated Storage And Retrieval Systems: Robotic Storage Systems, Carousel Systems

What Are the Key Market Trends in the Pharmacy Automation Systems Industry?

Leading companies in the pharmacy automation systems market are investing in the creation of innovative products, such as medications repackaging systems, to maintain their market standing. These solutions, automated or manual, are employed to repackage medications from larger containers to smaller, patient-oriented doses. For example, in March 2022, Deenova Srl, a pharmacy automation systems company based in Italy, unveiled their EAHP D3 product, an innovative addition to their pharmacy automation systems. This comprises of AIDE-Cut, AIDE-Pack, and AIDE-Pick, with AIDE-Cut being a mechatronic system designed for packing oral solid medicines in individual doses. AIDE-Pack serves to repackage all types of pharmaceuticals (oral and non-oral) in unit dose formats. A data matrix code is utilized to identify each unit dose, encompassing significant drug properties like batch and expiration dates, unique serialization number, and medication code. Additionally, Deenova’s D3 series solution, AIDE-Pick, is used in centralized therapy preparation in sub-acute and multi-site healthcare facilities.

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What Is the Regional Outlook for the Pharmacy Automation Systems Market?

North America was the largest region in the pharmacy automation systems market in 2024. The regions covered in the pharmacy automation systems 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 systems market, and how is it changing globally?

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

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

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

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

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