Pharmacy Automation Devices Market Report and Forecast 2025-2034
Description
The global pharmacy automation devices market size was valued at USD 5.91 Billion in 2024 , driven by the increasing emphasis on improving workflow and efficiency of pharmacy practitioners globally. The market is expected to grow at a CAGR of 9.50% during the forecast period of 2025-2034, with the values likely to rise from USD 14.65 Billion by 2034 .
Pharmacy Automation Devices: Introduction
Pharmacy automation is a mechanically tailored process of handling and distributing medicines. It is aimed at removing repetitive tasks, ensuring accuracy, and efficiency by automating time consuming tasks, like counting pills and putting labels on vials. There are several categories of pharmacy automation devices ranging from programs and websites that help in keeping medical data records, to robots helping in dispensing medicines.
Pharmacy automation devices are designed to improve speed, precision, productivity and manage workflow. It allows a pharmacist to deal with more clinical work and patient centric issues.
Global Pharmacy Automation Devices Market Analysis
With the COVID-19 outbreak, the emphasis on technical automation rose significantly. This is because, during that period, workers decided to work from home, inverse to the high demand for medical operations. The shortage of human workforce propelled hospitals and clinics to lean towards pharmacy automation devices. Hence, the global demand for automation devices has grown significantly during the historical period.
There is a wide range of pharmacy automation devices available in the market. Automated medication dispensing systems, packaging and labelling systems, tablet counters, among others are some of the most common devices in the market. In January 2024, pharmacy chain Walgreens Boots Alliance Inc. was considering selling its pharmacy automation business at USD 2 billion . The unit aids in filling pharmacy prescriptions and is expected to be a major area of interest for major healthcare companies. Therefore, the pharmacy automation devices market value is expected to grow with the rising competition among market leaders.
Pharmacies are shifting towards artificial intelligence (AI), immersive technologies like augmented reality (AR) and virtual reality (VR) to automate the workflow as much as possible. This does not mean that the need for the human workforce is going to deplete but it can facilitate the staff to be involved in customer service and patient care, rather than being caught up in monotonous tasks. The new age pharmacies are expected to see a technology driven future.
Global Pharmacy Automation Devices Market Segmentation
Pharmacy Automation Devices Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Most of the pharmacy automation devices market share was owned by North America in the historical period. This can be attributed to massive technological advancements, along with significant merger acquisitions in the healthcare and pharmaceutical industry. For example, in June 2023, BD , one of the leading medical technology companies, acquired Parata systems, a new age pharmacy automation solutions company. With this acquisition, BD seeks to bring a smart and high-tech revolution to the pharmacy automation device market.
Rapid growth is anticipated in the Asian pacific region, owing to high investments from the government to enhance the prevailing infrastructure. Automation systems, robotics along with immersive technologies are a key field of interest for researchers and investors. As hospitals and pharmacies continue to set up, the pharmacy automation systems market demand is expected to face a surge in the territory.
Global Pharmacy Automation Devices Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Pharmacy Automation Devices: Introduction
Pharmacy automation is a mechanically tailored process of handling and distributing medicines. It is aimed at removing repetitive tasks, ensuring accuracy, and efficiency by automating time consuming tasks, like counting pills and putting labels on vials. There are several categories of pharmacy automation devices ranging from programs and websites that help in keeping medical data records, to robots helping in dispensing medicines.
Pharmacy automation devices are designed to improve speed, precision, productivity and manage workflow. It allows a pharmacist to deal with more clinical work and patient centric issues.
Global Pharmacy Automation Devices Market Analysis
With the COVID-19 outbreak, the emphasis on technical automation rose significantly. This is because, during that period, workers decided to work from home, inverse to the high demand for medical operations. The shortage of human workforce propelled hospitals and clinics to lean towards pharmacy automation devices. Hence, the global demand for automation devices has grown significantly during the historical period.
There is a wide range of pharmacy automation devices available in the market. Automated medication dispensing systems, packaging and labelling systems, tablet counters, among others are some of the most common devices in the market. In January 2024, pharmacy chain Walgreens Boots Alliance Inc. was considering selling its pharmacy automation business at USD 2 billion . The unit aids in filling pharmacy prescriptions and is expected to be a major area of interest for major healthcare companies. Therefore, the pharmacy automation devices market value is expected to grow with the rising competition among market leaders.
Pharmacies are shifting towards artificial intelligence (AI), immersive technologies like augmented reality (AR) and virtual reality (VR) to automate the workflow as much as possible. This does not mean that the need for the human workforce is going to deplete but it can facilitate the staff to be involved in customer service and patient care, rather than being caught up in monotonous tasks. The new age pharmacies are expected to see a technology driven future.
Global Pharmacy Automation Devices Market Segmentation
Pharmacy Automation Devices Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Automated Medication Dispensing Systems
- Automated Packaging and Labeling Systems
- Automated Tablet Counters
- Automated Storage and Retrieval Systems
- Other Products
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Most of the pharmacy automation devices market share was owned by North America in the historical period. This can be attributed to massive technological advancements, along with significant merger acquisitions in the healthcare and pharmaceutical industry. For example, in June 2023, BD , one of the leading medical technology companies, acquired Parata systems, a new age pharmacy automation solutions company. With this acquisition, BD seeks to bring a smart and high-tech revolution to the pharmacy automation device market.
Rapid growth is anticipated in the Asian pacific region, owing to high investments from the government to enhance the prevailing infrastructure. Automation systems, robotics along with immersive technologies are a key field of interest for researchers and investors. As hospitals and pharmacies continue to set up, the pharmacy automation systems market demand is expected to face a surge in the territory.
Global Pharmacy Automation Devices Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- ARxIUM
- OMNICELL INC.
- Cerner Corporation
- Capsa Healthcare
- ScriptPro LLC
- RxSafe, LLC
- MedAvail Technologies Inc.
- Asteres Inc.
- InterLink AI Inc.
- BD
- Baxter
- McKesson Corporation
- Innovation Associates
Table of Contents
350 Pages
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 Global Pharmacy Automation Devices Market Overview
- 3.1 Global Pharmacy Automation Devices Market Historical Value (2018-2024)
- 3.2 Global Pharmacy Automation Devices Market Forecast Value (2025-2034)
- 4 Global Pharmacy Automation Devices Market Landscape
- 4.1 Global Pharmacy Automation Devices Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 Global Pharmacy Automation Devices Product Landscape
- 4.2.1 Analysis by Product Type
- 5 Global Pharmacy Automation Devices Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.3 Porter’s Five Forces Model
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 Global Pharmacy Automation Devices Market Segmentation
- 6.1 Global Pharmacy Automation Devices Market by Product Type
- 6.1.1 Market Overview
- 6.1.2 Automated Medication Dispensing Systems
- 6.1.3 Automated Packaging and Labeling Systems
- 6.1.4 Automated Tablet Counters
- 6.1.5 Automated Storage and Retrieval Systems
- 6.1.6 Other Products
- 6.2 Global Pharmacy Automation Devices Market by End User
- 6.2.1 Market Overview
- 6.2.2 Hospital Pharmacies
- 6.2.3 Retail Pharmacies
- 6.2.4 Online Pharmacies
- 6.2.5 Others
- 6.3 Global Pharmacy Automation Devices Market by Region
- 6.3.1 Market Overview
- 6.3.2 North America
- 6.3.3 Europe
- 6.3.4 Asia Pacific
- 6.3.5 Latin America
- 6.3.6 Middle East and Africa
- 7 North America Pharmacy Automation Devices Market
- 7.1 Market Share by Country
- 7.2 United States of America
- 7.3 Canada
- 8 Europe Pharmacy Automation Devices Market
- 8.1 Market Share by Country
- 8.2 United Kingdom
- 8.3 Germany
- 8.4 France
- 8.5 Italy
- 8.6 Others
- 9 Asia Pacific Pharmacy Automation Devices Market
- 9.1 Market Share by Country
- 9.2 China
- 9.3 Japan
- 9.4 India
- 9.5 ASEAN
- 9.6 Australia
- 9.7 Others
- 10 Latin America Pharmacy Automation Devices Market
- 10.1 Market Share by Country
- 10.2 Brazil
- 10.3 Argentina
- 10.4 Mexico
- 10.5 Others
- 11 Middle East and Africa Pharmacy Automation Devices Market
- 11.1 Market Share by Country
- 11.2 Saudi Arabia
- 11.3 United Arab Emirates
- 11.4 Nigeria
- 11.5 South Africa
- 11.6 Others
- 12 Patent Analysis
- 12.1 Analysis by Type of Patent
- 12.2 Analysis by Publication year
- 12.3 Analysis by Issuing Authority
- 12.4 Analysis by Patent Age
- 12.5 Analysis by CPC Analysis
- 12.6 Analysis by Patent Valuation
- 12.7 Analysis by Key Players
- 13 Grants Analysis
- 13.1 Analysis by year
- 13.2 Analysis by Amount Awarded
- 13.3 Analysis by Issuing Authority
- 13.4 Analysis by Grant Application
- 13.5 Analysis by Funding Institute
- 13.6 Analysis by NIH Departments
- 13.7 Analysis by Recipient Organization
- 14 Funding Analysis
- 14.1 Analysis by Funding Instances
- 14.2 Analysis by Type of Funding
- 14.3 Analysis by Funding Amount
- 14.4 Analysis by Leading Players
- 14.5 Analysis by Leading Investors
- 14.6 Analysis by Geography
- 15 Partnership and Collaborations Analysis
- 15.1 Analysis by Partnership Instances
- 15.2 Analysis by Type of Partnership
- 15.3 Analysis by Leading Players
- 15.4 Analysis by Geography
- 16 Regulatory Framework
- 16.1 Regulatory Overview
- 16.1.1 US FDA
- 16.1.2 EU EMA
- 16.1.3 INDIA CDSCO
- 16.1.4 JAPAN PMDA
- 16.1.5 Others
- 17 Supplier Landscape
- 17.1 ARxIUM
- 17.1.1 Financial Analysis
- 17.1.2 Product Portfolio
- 17.1.3 Demographic Reach and Achievements
- 17.1.4 Mergers and Acquisitions
- 17.1.5 Certifications
- 17.2 OMNICELL INC.
- 17.2.1 Financial Analysis
- 17.2.2 Product Portfolio
- 17.2.3 Demographic Reach and Achievements
- 17.2.4 Mergers and Acquisitions
- 17.2.5 Certifications
- 17.3 Cerner Corporation
- 17.3.1 Financial Analysis
- 17.3.2 Product Portfolio
- 17.3.3 Demographic Reach and Achievements
- 17.3.4 Mergers and Acquisitions
- 17.3.5 Certifications
- 17.4 Capsa Healthcare
- 17.4.1 Financial Analysis
- 17.4.2 Financial Portfolio
- 17.4.3 Demographic Reach and Achievements
- 17.4.4 Mergers and Acquisitions
- 17.4.5 Certifications
- 17.5 ScriptPro LLC
- 17.5.1 Financial Analysis
- 17.5.2 Product Portfolio
- 17.5.3 Demographic Reach and Achievements
- 17.5.4 Mergers and Acquisitions
- 17.5.5 Certifications
- 17.6 RxSafe, LLC
- 17.6.1 Financial Analysis
- 17.6.2 Product Portfolio
- 17.6.3 Demographic Reach and Achievements
- 17.6.4 Mergers and Acquisitions
- 17.6.5 Certifications
- 17.7 MedAvail Technologies, Inc.
- 17.7.1 Financial Analysis
- 17.7.2 Product Portfolio
- 17.7.3 Demographic Reach and Achievements
- 17.7.4 Mergers and Acquisitions
- 17.7.5 Certifications
- 17.8 Asteres Inc.
- 17.8.1 Financial Analysis
- 17.8.2 Product Portfolio
- 17.8.3 Demographic Reach and Achievements
- 17.8.4 Mergers and Acquisitions
- 17.8.5 Certifications
- 17.9 InterLink AI, Inc.
- 17.9.1 Financial Analysis
- 17.9.2 Product Portfolio
- 17.9.3 Demographic Reach and Achievements
- 17.9.4 Mergers and Acquisitions
- 17.9.5 Certifications
- 17.10 BD
- 17.10.1 Financial Analysis
- 17.10.2 Product Portfolio
- 17.10.3 Demographic Reach and Achievements
- 17.10.4 Mergers and Acquisitions
- 17.10.5 Certifications
- 17.11 Baxter
- 17.11.1 Financial Analysis
- 17.11.2 Product Portfolio
- 17.11.3 Demographic Reach and Achievements
- 17.11.4 Mergers and Acquisitions
- 17.11.5 Certifications
- 17.12 McKesson Corporation
- 17.12.1 Financial Analysis
- 17.12.2 Product Portfolio
- 17.12.3 Demographic Reach and Achievements
- 17.12.4 Mergers and Acquisitions
- 17.12.5 Certifications
- 17.13 Innovation Associates
- 17.13.1 Financial Analysis
- 17.13.2 Product Portfolio
- 17.13.3 Demographic Reach and Achievements
- 17.13.4 Mergers and Acquisitions
- 17.13.5 Certifications
- 18 Global Pharmacy Automation Devices Market - Distribution Model (Additional Insight)
- 18.1 Overview
- 18.2 Potential Distributors
- 18.3 Key Parameters for Distribution Partner Assessment
- 19 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 20 Company Competitiveness Analysis (Additional Insight)
- 20.1 Very Small Companies
- 20.2 Small Companies
- 20.3 Mid-Sized Companies
- 20.4 Large Companies
- 20.5 Very Large Companies
- 21 Payment Methods (Additional Insight)
- 21.1 Government Funded
- 21.2 Private Insurance
- 21.3 Out-of-Pocket
Pricing
Currency Rates
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