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Pharmacy Automation Devices Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 155 Pages
SKU # FOB19224153

Description

Pharmacy Automation Devices Market



Growth Factors of Pharmacy Automation Devices Market

The global pharmacy automation devices market size was valued at USD 2.83 billion in 2023 and is projected to grow from USD 3.13 billion in 2024 to USD 6.61 billion by 2032, exhibiting a CAGR of 9.8% during the forecast period of 2024-2032.

The pandemic improved the adoption of pharmacy automation devices as pharmacies sought to improve performance and reduce human error amid rising online prescriptions and telehealth services. This shift highlighted the need for computerized dispensing answers, driving marketplace boom and prompting pharmacies to streamline operations to satisfy new demands, impeding the pharmacy automation devices market growth.

The pharmacy automation devices market is driven by the growing call for efficient medicine control, extended prescription volumes, and the desire to reduce human errors. It also focuses on protecting the affected person and mixing superior technology, like AI and robotics, fueling the market increase.

Robotic automation is an excellent trend in the pharmacy automation devices marketplace. Automated dispensing systems use robots to appropriately and effectively dispense medications, lowering the risk of human error and enhancing universal pharmacy performance, expanding the pharmacy automation devices market share globally. Additionally, robots can manage pharmacy inventory, ensuring correct inventory tiers and preventing shortages. Although not the most effective, this automation streamlines operations; however, it contributes to improved protection and pride for affected persons.

Comprehensive Analysis of Pharmacy Automation Devices Market

The Pharmacy Automation Devices Market is segmented using product, distribution version, and give up user. Computerized medicinal drug meting-out systems lead the product segment due to their accuracy and protection, even as computerized packaging structures develop as pharmacies search for ways to reduce guide errors. In distribution fashions, the decentralized section dominates, is pushed via satellite pharmacies, and automatically meets out shelves, improving affected persons' safety and care efficiency. Hospital pharmacies maintain the most significant proportion among give-up users, focusing on lowering medicinal drug mistakes and managing high prescription volumes, even as retail pharmacies are predicted to make more significant quickly with more automation in prescription filling.

The North America region led the pharmacy automation devices market by benefitting a size of USD 1.35 billion in 2023 due to The increasing release of the latest technologically superior devices and the enormous presence of principal gamers inside the marketplace.

The leading pharmacy automation devices market players significantly shape its growth trajectory and establish industry standards. Key companies, including Omnicell, Inc. (U.S.), BD (U.S.), Yuyama Co., Ltd. (Japan), Baxter (U.S.), Capsa Healthcare (U.S.), ScriptPro LLC (U.S.), RxSafe, LLC (U.S.), NewIcon (Finland), Swisslog Healthcare (KUKA AG) (Switzerland), and JVM (Netherlands), contribute to a competitive landscape that drives innovation and market advancement.

In December 2022, Swisslog Healthcare offered its medicine control solutions at the ASHP Midyear Clinical Meeting & Exhibition, providing operational technology like BoxPicker, PillPick, and AutoPack.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD billion)

Growth Rate CAGR of 9.8% from 2024-2032

Segmentation By Product
  • Automated Medication Dispensing Systems
  • Robotic Automated Dispensing Systems
  • Automated dispensing cabinets
  • Automated Packaging Systems
  • Others
By Distribution Model
  • Centralized
  • Decentralized
By End User
  • Hospital Pharmacies
  • Retail Pharmacies
  • Others
By Region
  • North America (By Product, By Distribution Model, By End User, and By Country)
  • U.S.
  • Canada
  • Europe (By Product, By Distribution Model, By End User, and By Country/Sub-region)
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific (By Product, By Distribution Model, By End User, and By Country/Sub-region)
  • China
  • Japan
  • India
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
  • Latin America (By Product, By Distribution Model, By End User, and By Country/Sub-region)
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa (By Product, By Distribution Model, By End User, and By Country/Sub-region)
  • GCC
  • South Africa
  • Rest of Middle East & Africa


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Table of Contents

155 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Prevalence of Drug Dispensing Errors, by Key Countries, 2022/2023
4.2. Evolution of Pharmacy Automation Devices Market
4.3. Recent Product Launches, by Key Players
4.4. Key Industry Developments: Mergers, Acquisitions, and Partnerships
4.5. Impact of COVID-19 on Global Pharmacy Automation Devices Market
5. Global Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032
5.1. Market Analysis, Insights and Forecast – By Product
5.1.1. Automated Medication Dispensing Systems
5.1.1.1. Robotic Dispensing Systems
5.1.1.2. Automated Dispensing Cabinets
5.1.2. Automated Packaging Systems
5.1.3. Others
5.2. Market Analysis, Insights and Forecast – By Distribution Model
5.2.1. Centralized
5.2.2. Decentralized
5.3. Market Analysis, Insights and Forecast – By End User
5.3.1. Hospital Pharmacies
5.3.2. Retail Pharmacies
5.3.3. Others
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East and Africa
6. North America Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032
6.1. Market Analysis, Insights and Forecast – By Product
6.1.1. Automated Medication Dispensing Systems
6.1.1.1. Robotic Dispensing Systems
6.1.1.2. Automated Dispensing Cabinets
6.1.2. Automated Packaging Systems
6.1.3. Others
6.2. Market Analysis, Insights and Forecast – By Distribution Model
6.2.1. Centralized
6.2.2. Decentralized
6.3. Market Analysis, Insights and Forecast – By End User
6.3.1. Hospital Pharmacies
6.3.2. Retail Pharmacies
6.3.3. Others
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S.
6.4.2. Canada
7. Europe Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032
7.1. Market Analysis, Insights and Forecast – By Product
7.1.1. Automated Medication Dispensing Systems
7.1.1.1. Robotic Dispensing Systems
7.1.1.2. Automated Dispensing Cabinets
7.1.2. Automated Packaging Systems
7.1.3. Others
7.2. Market Analysis, Insights and Forecast – By Distribution Model
7.2.1. Centralized
7.2.2. Decentralized
7.3. Market Analysis, Insights and Forecast – By End User
7.3.1. Hospital Pharmacies
7.3.2. Retail Pharmacies
7.3.3. Others
7.4. Market Analysis, Insights and Forecast – By Country/Sub-region
7.4.1. Germany
7.4.2. U.K.
7.4.3. France
7.4.4. Spain
7.4.5. Italy
7.4.6. Rest of Europe
8. Asia Pacific Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032
8.1. Market Analysis, Insights and Forecast – By Product
8.1.1. Automated Medication Dispensing Systems
8.1.1.1. Robotic Dispensing Systems
8.1.1.2. Automated Dispensing Cabinets
8.1.2. Automated Packaging Systems
8.1.3. Others
8.2. Market Analysis, Insights and Forecast – By Distribution Model
8.2.1. Centralized
8.2.2. Decentralized
8.3. Market Analysis, Insights and Forecast – By End User
8.3.1. Hospital Pharmacies
8.3.2. Retail Pharmacies
8.3.3. Others
8.4. Market Analysis, Insights and Forecast – By Country/Sub-region
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. Australia
8.4.5. Southeast Asia
8.4.6. Rest of Asia Pacific
9. Latin America Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032
9.1. Market Analysis, Insights and Forecast – By Product
9.1.1. Automated Medication Dispensing Systems
9.1.1.1. Robotic Dispensing Systems
9.1.1.2. Automated Dispensing Cabinets
9.1.2. Automated Packaging Systems
9.1.3. Others
9.2. Market Analysis, Insights and Forecast – By Distribution Model
9.2.1. Centralized
9.2.2. Decentralized
9.3. Market Analysis, Insights and Forecast – By End User
9.3.1. Hospital Pharmacies
9.3.2. Retail Pharmacies
9.3.3. Others
9.4. Market Analysis, Insights and Forecast – By Country/Sub-region
9.4.1. Brazil
9.4.2. Mexico
9.4.3. Rest of Latin America
10. Middle East & Africa Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2019-2032
10.1. Market Analysis, Insights and Forecast – By Product
10.1.1. Automated Medication Dispensing Systems
10.1.1.1. Robotic Dispensing Systems
10.1.1.2. Automated Dispensing Cabinets
10.1.2. Automated Packaging Systems
10.1.3. Others
10.2. Market Analysis, Insights and Forecast – By Distribution Model
10.2.1. Centralized
10.2.2. Decentralized
10.3. Market Analysis, Insights and Forecast – By End User
10.3.1. Hospital Pharmacies
10.3.2. Retail Pharmacies
10.3.3. Others
10.4. Market Analysis, Insights and Forecast – By Country/Sub-region
10.4.1. GCC
10.4.2. South Africa
10.4.3. Rest of MEA
11. Competitive Analysis
11.1. Global Market Share Analysis (2023)
11.2. Company Profiles
11.2.1. Omnicell, Inc.
11.2.1.1. Overview
11.2.1.2. Products & Services
11.2.1.3. SWOT Analysis
11.2.1.4. Recent Developments
11.2.1.5. Strategies
11.2.1.6. Financials (Based on Availability)
11.2.2. Baxter
11.2.2.1. Overview
11.2.2.2. Products & Services
11.2.2.3. SWOT Analysis
11.2.2.4. Recent Developments
11.2.2.5. Strategies
11.2.2.6. Financials (Based on Availability)
11.2.3. BD
11.2.3.1. Overview
11.2.3.2. Products & Services
11.2.3.3. SWOT Analysis
11.2.3.4. Recent Developments
11.2.3.5. Strategies
11.2.3.6. Financials (Based on Availability)
11.2.4. Capsa Healthcare
11.2.4.1. Overview
11.2.4.2. Products & Services
11.2.4.3. SWOT Analysis
11.2.4.4. Recent Developments
11.2.4.5. Strategies
11.2.4.6. Financials (Based on Availability)
11.2.5. Yuyama Co., Ltd.
11.2.5.1. Overview
11.2.5.2. Products & Services
11.2.5.3. SWOT Analysis
11.2.5.4. Recent Developments
11.2.5.5. Strategies
11.2.5.6. Financials (Based on Availability)
11.2.6. RxSafe, LLC.
11.2.6.1. Overview
11.2.6.2. Products & Services
11.2.6.3. SWOT Analysis
11.2.6.4. Recent Developments
11.2.6.5. Strategies
11.2.6.6. Financials (Based on Availability)
11.2.7. ScriptPro LLC
11.2.7.1. Overview
11.2.7.2. Products & Services
11.2.7.3. SWOT Analysis
11.2.7.4. Recent Developments
11.2.7.5. Strategies
11.2.7.6. Financials (Based on Availability)
11.2.8. NewIcon
11.2.8.1. Overview
11.2.8.2. Products & Services
11.2.8.3. SWOT Analysis
11.2.8.4. Recent Developments
11.2.8.5. Strategies
11.2.8.6. Financials (Based on Availability)
11.2.9. Swisslog Healthcare (KUKA AG)
11.2.9.1. Overview
11.2.9.2. Products & Services
11.2.9.3. SWOT Analysis
11.2.9.4. Recent Developments
11.2.9.5. Strategies
11.2.9.6. Financials (Based on Availability)
11.2.10. JVM
11.2.10.1. Overview
11.2.10.2. Products & Services
11.2.10.3. SWOT Analysis
11.2.10.4. Recent Developments
11.2.10.5. Strategies
11.2.10.6. Financials (Based on Availability)

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