Top Growth Trends in the Pharmacy Automation Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Pharmacy Automation Market?
The anticipated rise in disease prevalence is predicted to fuel the expansion of the pharmacy automation market in the future. The term ‘disease rate’ marks the frequency of a specific ailment within a given demographic over a stipulated timeframe. The rise in disease rates can be attributed to multiple factors, including population expansion, enhanced travel and business activities, changes in climate, pollution, and the emergence of new pathogens or variants. The goal of pharmacy automation is to reduce disease prevalence by improving the medication dispensing procedures to boost accuracy and efficiency in disease control. Pharmacy automation devices simplify the job of dispensing and tracking medications punctually, thus enabling healthcare providers to act swiftly when a patient’s condition deteriorates. As an example, the World Health Organization, a Switzerland-based international body, reported in February 2024 that by 2050, over 35 million new cancer cases are expected, a sizable 77% rise from the projected 20 million cases in 2022. As a result, the growing disease rate is propelling the pharmacy automation market’s growth.
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How Will the Growth Rate of thePharmacy Automation Market Impact Industry Trends by 2034?
The market size for pharmacy automation has seen a swift upsurge in the previous years. Projected to rise from a value of $7.32 billion in 2024 to $8.2 billion in 2025, this signifies a compound annual growth rate (CAGR) of 12.0%. The substantial growth observed in the historic phase can be credited to factors such as a lack of proficient pharmacy staff, strict rules and regulations, the urgency to minimize medication mistakes, improved data management, and a desire from patients for prompt service.
In the coming years, the pharmacy automation market is projected to experience swift expansion, reaching $12.71 billion in 2029 with a compound annual growth rate (CAGR) of 11.6%. The forecasted growth period is likely to be fueled by factors such as an increase in prescriptions due to an aging population, the expansion of retail pharmacy chains, a focus on enhancing the patient experience, escalating labor costs, and integration with electronic health record (EHR) systems. Leading trends during this forecast period encompass AI-enhanced systems, telepharmacy solution embracement, heightened utilization of robotics, centralized prescription processing systems, and the adoption of blockchain technology.
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What New Market Trends Are Reshaping thePharmacy Automation Market and Its Opportunities?
Leading firms in the pharmacy automation market are concentrating on broadening their product range with sophisticated pharmacy automation solutions such as next-generation automated drug dispensing systems. These systems represent innovative technological approaches intended to mechanize and streamline medication dispensing in healthcare contexts. For example, in October 2023, South Korean pharmacy automation systems producer, JVM Co. Ltd., introduced MENITH, an automated drug dispenser that includes a robot arm with jointed mobility. MENITH, a progressive product by JVM, includes a multi-joint cooperative robot arm engineered to fully automate canister swap procedures. It dispenses more than twice as rapidly as old-style pouch-type automated dispensing devices and can allocate up to 120 pouches per minute. It also introduces an automated inspection system that cuts down the time and resources required for the pharmacy dispensing procedure.
Who Are the Leading Market Players Fueling Growth in the Pharmacy Automation Market Trend?
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.
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How is the Global Pharmacy Automation Market Segemented?
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
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Which Geographics are Influencing the Growth of 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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