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Pharmacy Automation Systems Market: North America Projected to Dominate the Global Market Through 2026: Global Industry Analysis and Opportunity Assessment, 2016 - 2026

Pharmacy Automation Systems Market: North America Projected to Dominate the Global Market Through 2026: Global Industry Analysis and Opportunity Assessment, 2016 - 2026

Pharmacy automation systems are the systems used for inpatient patient and outpatient pharmacies to automate the routine task of a pharmacist thus these systems automates the entire mechanical processes of handling and distributing medications. However these systems also helps in measuring and compounding medications, tracking and updating patient information in databases, and inventory management.

Pharmacy automation systems considered in the report fall under six major categories – automated dispensing cabinets (medication dispensing cabinets), packaging and labelling systems, IV pharmacy (automated drug compounding), robotic dispensing systems, carousal storage systems and tablet splitters. Medication dispensing cabinet is a drug storage device generally used in hospitals and outpatient pharmacies i.e. generally used in decentralised pharmacies. In decentralised pharmacy settings the medications are dispensed near the point of care while tracking drug distribution thus automated dispensing cabinets or medication dispensing cabinets, tablet splitters and IV pharmacy systems has been implemented in these settings. Whereas in centralised pharmacies, packaging and labelling systems, robotic dispensing systems and carousal storage systems are preferred for drug tracking and inventory management. The global pharmacy automation systems market has been estimated to be valued at US$ 3175.2 Mn in 2015 and is expected to expand at 6.7% CAGR over the forecast period 2016–2026.

Rising adoption and growing demand for automated solutions in pharmacies drive the growth of the global pharmacy automation systems market

Growth of the global pharmacy automation systems market is mainly driven by rising adoption and growing demand for automated solutions in pharmacies coupled with socio-economic factors such as increasing disease incidences due to growing ageing population. There is an increasing inclination of pharmacists for automation systems as it automates time-consuming and routine tasks such as medication compounding, packaging, dispensing, storage and retrieval, etc. Also, these automation solutions streamline pharmacy workflow and also reduce risk of errors, which enables physicians to focus on direct patient-care activities. Other prominent growth drivers are product innovations and increasing rates of hospitalisations. Through pharmacy automation systems, hospitals can manage and track drugs, supplies and health information related to patients, thus replenishing only the items that are needed. This increasing demand for effective and transparent tracking systems is expected to drive the revenue for pharmacy automation systems as it accurately record medication expiry dates and physical quantities. However, cost of implementation and installation of pharmacy automation systems is a major factor restraining growth of the market over the forecast period.

Medication dispensing cabinets segment is projected to dominate the global pharmacy automation systems market

Based on product type, the market is segmented into medication dispensing cabinets, packaging and labelling systems, IV pharmacy (automated drug compounding), robotic dispensing systems, carousal storage systems and tablet splitters. In terms of revenue share, medication dispensing cabinets (ADC) dominated the global pharmacy automation systems market in 2015 and is expected to continue to dominate throughout the forecast period.

Based on application of pharmacy automation systems, the market has been segmented into drug dispensing and packaging, drug storage and inventory management. In terms of revenue share, drug dispensing and packaging dominated the global pharmacy automation systems market in 2015 and is expected to do so throughout the forecast period. Whereas inventory management application segment is anticipated to expand with the fastest CAGR over the forecast period.

pharmacy automation system market_image for preview analysis

Western Europe is expected to exhibit a healthy CAGR due to increasing inclination of pharmacists to opt for automated technologies

The global pharmacy automation systems market has been segmented into seven major regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East & Africa (MEA). In terms of value, North America has been estimated to dominate the global pharmacy automation systems market in 2016 and is expected to expand at a CAGR of 6.6% over the forecast period. APEJ and Japan are estimated to be the fastest growing markets in terms of revenue, while Western Europe is expected to exhibit a healthy CAGR due to increasing inclination of pharmacists in the region to opt for automated technologies in their pharmacies to provide quality care to the patients. In terms of value, Western Europe is expected to register a CAGR of 7.2% over the forecast period.

The global pharmacy automation systems market is consolidated with key players occupying a large market share

The pharmacy automation systems market is largely consolidated, with top few players accounting for the major share in 2015. Recently there have been several acquisitions leading to consolidation of the market. Established players are focussing on strategic moves such as product launch, increasing their distribution channel for automation solutions, and getting into partnerships and agreements to increase the brand awareness of their product.

Leading market players dominating the global pharmacy automation systems market

Some key players in the global pharmacy automation systems market included in this report are Baxter International Inc., Swisslog Holdings AG, Care Fusion Corporation, Cerner Corporation, Kirby Lester LLC, Talyst, LLC., Omnicell


1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pharmacy Automation Systems Market Overview
4.1. Introduction
4.1.1. Pharmacy Automation Systems Market Definition
4.1.2. Pharmacy Automation Systems Market Taxonomy
4.2. Pharmacy Automation Systems Market Product Type Overview
4.3. Pharmacy Automation Systems Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunity
4.4. Global Pharmacy Automation Systems Market Forecast, 2016-2026
4.4.1. Market Value Forecast
4.4.1.1. Y-o-Y Growth Projections
4.4.1.2. Absolute $ Opportunity
4.5. Pharmacy Automation Systems Market Trends
4.6. Role of Pharmacy Automation Systems
4.7. Vendor Selection Criteria for Automation
4.8. Global Pharmacy Automation Systems Market Snapshot (2015)
4.8.1. Market Share, By Product Type
4.8.2. Market Share, By Application
4.8.3. Market Share, By End User
4.8.4. Market Share, By Region
5. Global Pharmacy Automation Systems Market Analysis, By Product Type
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Product Type
5.1.2. Market Share & Basis Point (BPS) Analysis, By Product Type
5.2. Market Forecast, By Product Type
5.2.1. Automated Medication Dispensing Cabinets
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value Forecast
5.2.2. Automated Packaging and Labelling Systems
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value Forecast
5.2.3. IV Pharmacy
5.2.3.1. Absolute $ Opportunity
5.2.3.2. Market Value Forecast
5.2.4. Robotic Dispensing Systems
5.2.4.1. Absolute $ Opportunity
5.2.4.2. Market Value Forecast
5.2.5. Carousal Storage Systems
5.2.5.1. Absolute $ Opportunity
5.2.5.2. Market Value Forecast
5.2.6. Tablet Splitter
5.2.6.1. Absolute $ Opportunity
5.2.6.2. Market Value Forecast
5.3. Market Attractiveness Analysis, By Product Type
6. Global Pharmacy Automation Systems Market Analysis, By Application
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By Application
6.1.2. Market Share & Basis Point (BPS) Analysis, By Application
6.2. Market Forecast, By Application
6.2.1. Drug Dispensing & Packaging
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Value Forecast
6.2.2. Drug Storage
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Value Forecast
6.2.3. Inventory Tracking
6.2.3.1. Absolute $ Opportunity
6.2.3.2. Market Value Forecast
6.3. Market Attractiveness Analysis, By Application
7. Global Pharmacy Automation Systems Market Analysis, By End User
7.1. Introduction
7.1.1. Y-o-Y Growth Comparison, By End User
7.1.2. Market Share & Basis Point (BPS) Analysis, By End User
7.2. Market Forecast, By End User
7.2.1. Hospital Pharmacies
7.2.1.1. Absolute $ Opportunity
7.2.1.2. Market Value Forecast
7.2.2. Clinic Pharmacies
7.2.2.1. Absolute $ Opportunity
7.2.2.2. Market Value Forecast
7.2.3. Retail Pharmacy stores
7.2.3.1. Absolute $ Opportunity
7.2.3.2. Market Value Forecast
7.2.4. Mail Order Pharmacies
7.2.4.1. Absolute $ Opportunity
7.2.4.2. Market Value Forecast
7.2.5. Pharmaceutical SMEs
7.2.5.1. Absolute $ Opportunity
7.2.5.2. Market Value Forecast
7.3. Market Attractiveness Analysis, By End User
8. Global Pharmacy Automation Systems Market Analysis, By Region
8.1. Introduction
8.1.1. Y-o-Y Growth Projections, By Region
8.1.2. Market Share & Basis Point (BPS) Analysis, By Region
8.2. Market Forecast, By Region
8.2.1. North America Market Value Forecast
8.2.2. Latin America Market Value Forecast
8.2.3. Western Europe Market Value Forecast
8.2.4. Eastern Europe Market Value Forecast
8.2.5. APEJ Market Value Forecast
8.2.6. Japan Market Value Forecast
8.2.7. MEA Market Value Forecast
8.3. Regional Attractiveness Analysis
9. North America Pharmacy Automation Systems Market Analysis
9.1. Introduction
9.1.1. Y-o-Y Growth Projections, By Country
9.1.2. Market Share & Basis Point (BPS) Analysis, By Country
9.2. Key Trends
9.3. North America Market Forecast
9.3.1. Market Value Forecast, By Country
9.3.1.1. U.S.
9.3.1.2. Canada
9.3.2. Market Value Forecast, By Product Type
9.3.2.1. Automated Medication Dispensing Cabinets
9.3.2.2. Automated Packaging and Labelling Systems
9.3.2.3. IV Pharmacy
9.3.2.4. Robotic Dispensing systems
9.3.2.5. Carousal Storage Systems
9.3.2.6. Tablet Splitters
9.3.3. Market Value Forecast, By Application
9.3.3.1. Drug Dispensing & Packaging
9.3.3.2. Drug Storage
9.3.3.3. Inventory Tracking
9.3.4. Market Value Forecast, By End User
9.3.4.1. Hospital Pharmacies
9.3.4.2. Clinic Pharmacies
9.3.4.3. Retail Pharmacies
9.3.4.4. Mail Order Pharmacies
9.3.4.5. Pharmaceutical SMEs
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.4.4. By End User
9.5. Key Trends
9.6. Drivers & Restraints: Impact Analysis
10. Latin America Pharmacy Automation Systems Market Analysis
10.1. Introduction
10.1.1. Y-o-Y Growth Projections, By Country
10.1.2. Market Share & Basis Point (BPS) Analysis, By Country
10.2. Latin America Market Forecast
10.2.1. Market Value Forecast, By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Rest of Latin America
10.2.2. Market Value Forecast, By Product Type
10.2.2.1. Automated Medication Dispensing Cabinets
10.2.2.2. Automated Packaging and Labelling Systems
10.2.2.3. IV Pharmacy
10.2.2.4. Robotic Dispensing systems
10.2.2.5. Carousal Storage Systems
10.2.2.6. Tablet Splitters
10.2.3. Market Value Forecast, By Application
10.2.3.1. Drug Dispensing & Packaging
10.2.3.2. Drug Storage
10.2.3.3. Inventory Tracking
10.2.4. Market Value Forecast, By End User
10.2.4.1. Hospital Pharmacies
10.2.4.2. Clinic Pharmacies
10.2.4.3. Retail Pharmacies
10.2.4.4. Mail Order Pharmacies
10.2.4.5. Pharmaceutical SMEs
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By Application
10.3.4. By End User
10.4. Key Trends
10.5. Drivers & Restraints: Impact Analysis
11. Western Europe Pharmacy Automation Systems Market Analysis
11.1. Introduction
11.1.1. Y-o-Y Growth Projections, By Country
11.1.2. Market Share & Basis Point (BPS) Analysis, By Country
11.2. Western Europe Market Forecast
11.2.1. Market Value Forecast, By Country
11.2.1.1. Germany
11.2.1.2. France
11.2.1.3. U.K.
11.2.1.4. Italy
11.2.1.5. Spain
11.2.1.6. Nordic
11.2.1.7. BENELUX
11.2.1.8. Rest of Western Europe
11.2.2. Market Value Forecast, By Product Type
11.2.2.1. Automated Medication Dispensing Cabinets
11.2.2.2. Automated Packaging and Labelling Systems
11.2.2.3. IV Pharmacy
11.2.2.4. Robotic Dispensing systems
11.2.2.5. Carousal Storage Systems
11.2.2.6. Tablet Splitters
11.2.3. Market Value Forecast, By Application
11.2.3.1. Drug Dispensing & Packaging
11.2.3.2. Drug Storage
11.2.3.3. Inventory Tracking
11.2.4. Market Value Forecast, By End User
11.2.4.1. Hospital Pharmacies
11.2.4.2. Clinic Pharmacies
11.2.4.3. Retail Pharmacies
11.2.4.4. Mail Order Pharmacies
11.2.4.5. Pharmaceutical SMEs
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By Application
11.3.4. By End User
11.4. Key Trends
11.5. Drivers & Restraints: Impact Analysis
12. Eastern Europe Pharmacy Automation Systems Market Analysis
12.1. Introduction
12.1.1. Y-o-Y Growth Projections, By Country
12.1.2. Market Share & Basis Point (BPS) Analysis, By Country
12.2. Eastern Europe Market Forecast
12.2.1. Market Value Forecast, By Country
12.2.1.1. Russia
12.2.1.2. Poland
12.2.1.3. Rest of Eastern Europe
12.2.2. Market Value Forecast, By Product Type
12.2.2.1. Automated Medication Dispensing Cabinets
12.2.2.2. Automated Packaging and Labelling Systems
12.2.2.3. IV Pharmacy
12.2.2.4. Robotic Dispensing systems
12.2.2.5. Carousal Storage Systems
12.2.2.6. Tablet Splitters
12.2.3. Market Value Forecast, By Application
12.2.3.1. Drug Dispensing & Packaging
12.2.3.2. Drug Storage
12.2.3.3. Inventory Tracking
12.2.4. Market Value Forecast, By End User
12.2.4.1. Hospital Pharmacies
12.2.4.2. Clinic Pharmacies
12.2.4.3. Retail Pharmacies
12.2.4.4. Mail Order Pharmacies
12.2.4.5. Pharmaceutical SMEs
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By Application
12.3.4. By End User
12.4. Key Trends
12.5. Drivers & Restraints: Impact Analysis
13. APEJ Pharmacy Automation Systems Market Analysis
13.1. Introduction
13.1.1. Y-o-Y Growth Projections, By Country
13.1.2. Market Share & Basis Point (BPS) Analysis, By Country
13.2. APEJ Market Forecast
13.2.1. Market Value Forecast, By Country
13.2.1.1. China
13.2.1.2. India
13.2.1.3. Australia & New Zealand
13.2.1.4. ASEAN
13.2.1.5. Rest of APEJ
13.2.2. Market Value Forecast, By Product Type
13.2.2.1. Automated Medication Dispensing Cabinets
13.2.2.2. Automated Packaging and Labelling Systems
13.2.2.3. IV Pharmacy
13.2.2.4. Robotic Dispensing systems
13.2.2.5. Carousal Storage Systems
13.2.2.6. Tablet Splitters
13.2.3. Market Value Forecast, By Application
13.2.3.1. Drug Dispensing & Packaging
13.2.3.2. Drug Storage
13.2.3.3. Inventory Tracking
13.2.4. Market Value Forecast, By End User
13.2.4.1. Hospital Pharmacies

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