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Pharmacy Automation Market : Global Analysis of Key Manufacturers, Dynamics & Forecast 2021-2028

An extensive study on Pharmacy Automation Market reveals that the major market players are continuously endeavoring to pursue innovations and product development. The market players serve the backup to respond to new opportunities by growing their global presence and services. Global Pharmacy Automation Market research report makes use of SWOT analysis and Porter’s Five Forces analysis to disclose the strengths, weaknesses, opportunities, and threats in the industry. The wide-ranging Pharmacy Automation Market report studies various inhibitors as well as motivators of the market in both quantitative and qualitative manner so that users can have perfect information.

Pharmacy Automation Market is growing with factors such as growing demand for pharmacy automation in order to reduce the medication error, increased incidence of chronic diseases, and technological advancements in pharmacy automation. However, the high capital investment for installation of pharmacy automation systems along with the interoperability issues in pharmacy automation may obstruct the growth of the market in the given forecast period.

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Major Market Key Competitors:

Key Pointers Covered in Global Pharmacy Automation Market Industry Trends and Forecast to 2027

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

  • Talyst, LLC.
  • ARxIUM
  • Cerner Corporation
  • Capsa Healthcare
  • Parata Systems, LLC
  • ScriptPro LLC
  • RxSafe, LLC.
  • RxMedic Systems, Inc.
  • MedAvail Technologies, Inc.
  • Asteres Inc.
  • PerceptiMed, Inc.
  • BD
  • Baxter
  • Fullscript
  • McKesson Corporation
  • Innovation Associates
  • AmerisourceBergen Corporation
  • vitabook GmbH
  • Takazono Corporation
  • TOSHO co., Inc.
  • Gebr. Willach GmbH
  • Global Healthcare Exchange, LLC.
  • Grifols, S.A.
  • Synergy Medical
  • Yuyama
  • APD Algoritmos Procesos y Diseños S.A.
  • JVM Europe BV
  • Mediwell Systems Ltd.
  • E-SANTÉ Technology
  • Genesis Automation LTD
  • Best Health Solutions
  • myPak Solutions Pty Ltd.
  • Mexx Engineering.
  • Meditec Pty Ltd.
  • FarmaTools
  • Demodeks Pharmacy Shelving
  • Deenova S.r.l.
  • Rohmann-Automation GmbH
  • KLS Pharma Robotics GmbH
  • Technology Implementation and Management Experts
  • Med Management

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Global Pharmacy Automation Market Scope and Market Size

Global pharmacy automation market is segmented into six notable segments which are based on product, pharmacy type, pharmacy size, application, end user and distribution channel.

  • On the basis of product, the pharmacy automation market is segmented into systemssoftware and services. In 2020, systems segment is expected to dominate in the pharmacy automation market as it includes essential equipment enabling automation of a pharmacy including automated medication dispensing systems, automated packaging and labelling systems, automated storage and retrieval systems, automated table-top counters and automated medication compounding systems. These systems are very cost-intensive as compared to software & services and hence dominate the market in terms of revenue.
  • On the basis of pharmacy type, the pharmacy automation market is segmented into independent, chain and federal. In 2020, independent segment is expected to dominate in the pharmacy automation market as it primarily includes the pharmacies located in large hospitals with more than 200 beds. These pharmacies located inside hospitals are the primary end users of pharmacy automation including large centralized inpatient pharmacies as well as outpatient pharmacies. These pharmacies require highest possible efficiency to reduce medical errors and offer adequate services to patients. Moreover, these pharmacies have the capital to undertake the expensive investments for pharmacy automation.
  • On the basis of pharmacy size, the pharmacy automation market is segmented into large size pharmacy, medium size pharmacy and small size pharmacy. In 2020, large size pharmacy segment is expected to dominate in the pharmacy automation market as they are usually located in large hospitals in a centralized system with capacity to procure expensive pharmacy automation systems. Large pharmacies primarily need pharmacy automation to reduce human errors and hence adoption of robotic systems is higher.
  • On the basis of application, the pharmacy automation market is segmented into drug dispensing and packaging, drug storage and inventory management. In 2020, drug dispensing and packaging segment is expected to dominate in the pharmacy automation market due to the increasing demand for automated dispensing machines with increased prevalence of chronic diseases. The increasing need to reduce medication errors is also augmenting the adoption of drug dispensing and packaging solutions.  As these systems provide secure medication storage and tracking on patient care units, hospitals are opting for these systems for pharmacy automation.
  • On the basis of end user, the pharmacy automation market is segmented into inpatient pharmacies, outpatient pharmacies, retail pharmacies, online pharmacies, central fill/mail order pharmacies, pharmacy benefit management organizations and others. In 2020, inpatient pharmacies segment is expected to dominate in the pharmacy automation market due to the increasing need to reduce errors, improve efficiency & speed. Hospitals provide pre-operative and post-operative procedures and have large pharmacies to support these processes.  Automation of pharmacies is expected to reduce errors and save resources for hospitals in the long run. Hence, inpatient pharmacies are dominating the market.
  • On the basis of distribution channel, the pharmacy automation market is segmented into direct tender and third party distributor. In 2020, direct tender segment is expected to dominate in the pharmacy automation market as it is the primary source of procurement in hospitals and inpatient pharmacies. With the increasing cost of healthcare, hospitals are focusing on better services for customers along with reducing the errors. Procurement of pharmacy automation solutions through direct tender is more reliable for healthcare providers as they are bought in under terms of contract for service.

By Region

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Key Offerings:

– Market Size and Forecast by Revenue | 2021−2028
– Market Dynamics – Leading patterns, development drivers, limitations, and venture openings
– Market Segmentation – An itemized examination by item, by types, end-client, applications, fragments, and geology
– Competitive Landscape – Top key sellers and other conspicuous vendorsInquire

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Last Updated: 17-Sep-2021