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Pharmacy Automation: Technologies and Global Markets

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    Report

  • 157 Pages
  • March 2024
  • Region: Global
  • BCC Research
  • ID: 4827773

The Global Pharmacy Automation Market was valued at USD 7.8 Billion in 2023, and is expected to reach USD 12.7 Billion by 2028, rising at a CAGR of 10.20%.



This report is designed to be a helpful business tool that will provide a thorough evaluation of the global pharmacy automation market. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of segments and regions. In this report, the market has been segmented based on product type, application and region. Using 2022 as the base year, the report provides estimated market data for the designated forecast period from 2023 to 2028. The report covers the cross-segmentation for each segment and region. It also highlights major trends and challenges that affect the market and the vendor landscape.

The geographical scope is global but with special emphasis on the U.S. and developed Europe, with supplemental data covering other geographical markets and trends. The report identifies pharmacy automation markets by inpatient and outpatient pharmacy settings, and by product type.

Within the global pharmacy automation market, there are two general pharmacy settings (market applications), each having second level sub-settings -

  • Inpatient pharmacy automation.
  • Acute-care settings.
  • Long-term care settings.Outpatient pharmacy automation.
  • Outpatient/fast-track clinical settings.
  • Hospital retail settings.
  • Pharmacy benefit management services and other mail-order settings.
  • Retail pharmacy chains.

Each segment is further reviewed to provide detailed information on current and emerging products, current market estimates and market forecasts, and competitive analyses. Product segments covered in the report include -

  • Dispensing/storage.
  • Packaging/filing.
  • Software/logistics.
  • Other products.

Report Includes

  • 34 data tables and 76 additional tables
  • An overview of the global market and technologies for pharmacy automation
  • In-depth analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2024 and 2028. This analysis includes projections of Compound Annual Growth Rates (CAGRs) spanning through 2028
  • Evaluation of the current market size and revenue growth prospects specific to pharmacy automation, accompanied by a comprehensive market share analysis categorized by product type, application, and geographical region
  • Discussion on advantages of automation in the pharmacy, including increasing efficiency, lowering labor costs, and enhancing accuracy and speed, space savings, narcotics security, and inventory management
  • A look at the advancements in the pharmacy automation technologies and coverage of innovation, technological advancements, and the launch of novel products from market players
  • Detailed analysis of the regulatory framework and policies and product pipeline of the industry, and discussion on ESG challenges and ESG practices in the pharmaceutical industry
  • Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies and a relevant patent analysis
  • Company profiles of major players within the industry, including BD, Baxter, Omnicell, and KUKA AG

Table of Contents

Chapter 1 Executive Summary
  • Market Summary
  • Scope of Report
  • Market Highlights
Chapter 2 Market Overview
  • Overview
  • Macro-Economic Factors Analysis
  • Global Economic Conditions
  • Global Population Growth
  • Rising Number of Chronic Diseases
  • Post-COVID-19 Impact on the Pharmacy Automation Market
  • Impact of Russia-Ukraine War
Chapter 3 Market Dynamics
  • Overview
  • Market Drivers
  • Rising Prescription Volumes in Pharmacies
  • Surge in Demand for Automated Packaging and Labeling Solutions
  • Continuous Need to Reduce Medicine Errors
  • Market Challenges
  • Stringent Regulatory Challenges
  • Market Opportunities
  • Growing Demand for Prescription Data Management Solutions
  • Shrinking Operating Budgets and Must Provide Outstanding Customer Service
  • Rising Awareness Among Pharmacists' Regarding Pharmacy Automation Solutions
  • Growth Opportunities in Emerging Economies
Chapter 4 Emerging Technologies and Developments
  • Overview
  • Key Emerging Trends and Technologies
  • Integration of Artificial Intelligence and Robot Processing Automation Technology
  • Automated Telepharmacy and Remote Dispensing
  • Blockchain
  • Patent Analysis
  • Patent Review by Year
  • Latest Granted Patents
Chapter 5 Market Segmentation Analysis
  • Segmentation Breakdown
  • Market Breakdown by Product Type
  • Dispensing/Storage Equipment
  • Packaging/Labeling Equipment
  • Software/Logistics Products
  • Other Products
  • Market Breakdown by Application
  • Industry Structure: Type and Application
  • Inpatient Pharmacy Automation
  • Outpatient Pharmacy Automation
  • Geographic Breakdown
  • Market Breakdown by Region
  • Global Analysis: Regions and Application
  • U.S.
  • Developed Europe
  • Emerging Europe
  • Asia-Pacific
  • Other Regions/Rest of World
Chapter 6 Competitive Intelligence
  • Overview
  • Market Shares Analysis
  • Strategic Analysis
Chapter 7 Sustainability in Pharmacy Automation Industry: ESG Perspective
  • Overview
  • ESG Performance in Pharmacy Automation Market
  • Environmental Impact
  • Social Responsibility
  • Governance
  • Current Status of ESG in the Pharmacy Automation Market
  • Concluding Remarks
Chapter 8 Appendix
  • Research Methodology
  • References
  • Abbreviations
  • Company Profiles
  • Arxium
  • Baxter
  • BD
  • Capsa Healthcare
  • Kuka Ag
  • Precision Products Group
  • Manrex Ltd.
  • Medical Packaging Inc. Llc
  • Omnicell Inc.
  • Oracle
  • Rxsafe Llc
  • Scriptpro Llc
  • Walgreens Boots Alliance Inc.
  • Yuyama Co. Ltd
  • Other Diversified Players
  • Getech
  • Mckesson Corp.
  • Meditech Pharma
  • Noritsu
  • Synergy Medical
  • Touchpoint Medical
  • Willach U.K. Ltd
List of Tables
Summary Table: Global Market for Pharmacy Automation, by Application, Through 2028
Table 1: Selected Countries Gross Domestic Product, 2022
Table 2: Inflation Rate, Average Consumer Prices, 2020-2023.
Table 3: Selected Countries Pharmaceutical Expenditures as a Percentage of Health Expenditures and Per Capita, 2022
Table 4: Selected Countries with the Highest Birth Count, 2021-2023
Table 5: Fertility Rates: Total Births per Woman for Selected Countries, 2019-2022
Table 6: Death Rates for Selected Countries, 2021-2023
Table 7: Selected Countries with Life Expectancy at Birth, Total Years, 2021
Table 8: Selected Countries Total Population Age 65 Years and Older, 2020-2022
Table 9: Patent Review of Pharmacy Automation and Robotics, by Year, 2010-2023
Table 10: Latest Granted Patents, by Inventors/Assignee, February 2021 to November 2023
Table 11: Global Market for Pharmacy Automation, by Product Type, Through 2028
Table 12: Pharmacy Automation Offerings: Primary Industry Participation, by Product Types
Table 13: Reported Drug Seizures, by Drug Type, 2021-2023
Table 14: Regulations for Drugs Addiction
Table 15: Narcotics Management Equipment in the Global Market for Pharmacy Automation, by Application, Through 2028
Table 16: Pharmacy Automation: Narcotics Management Equipment Summary
Table 17: Dispensing/Storage Equipment in the Global Market for Pharmacy Automation, by Application, Through 2028
Table 18: Pharmacy Automation: Inpatient Dispensing/Storage Equipment Summary
Table 19: Pharmacy Automation: Outpatient Dispensing/Storage Equipment Summary
Table 20: IV Compounding Equipment in the Global Market for Pharmacy Automation, by Application, Through 2028
Table 21: Packaging/Labeling Equipment in the Global Market for Pharmacy Automation, by Application, Through 2028
Table 22: Pharmacy Automation: Oral Inpatient Packaging Equipment Summary
Table 23: Pharmacy Automation: Long-Term Care Packaging Equipment Summary
Table 24: Pharmacy Automation: Outpatient Packaging/Labeling Equipment Summary
Table 25: Office-Based Physicians Using Electronic Health Records or Electronic Medical Records, 2015-2021
Table 26: Software/Logistics Equipment in the Global Market for Pharmacy Automation, by Application, Through 2028
Table 27: Pharmacy Automation: Software/Logistics Product Summary
Table 28: Other Products and Equipment in Global Market for Pharmacy Automation Equipment, by Application, Through 2026
Table 29: Pharmacy Automation: Other Outpatient Product and Equipment Summary
Table 30: Pharmacy Automation: Other Inpatient Product and Equipment Summary
Table 31: Global Market for Pharmacy Automation, by Application, Through 2028
Table 32: Global Market for Pharmacy Automation, Application and Type, 2022
Table 33: Pharmacy Automation: Primary Industry Participation, by Application
Table 34: Global Market for Inpatient Pharmacy Automation, by Type, Through 2026
Table 35: Global Market for Inpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2022 and 2023
Table 36: Global Market for Inpatient Pharmacy Automation Packaging and Labeling Systems, by Type, 2022 and 2023
Table 37: Global Market for Inpatient Pharmacy Automation Software and Logistics, 2022 and 2023
Table 38: Global Market for Other Inpatient Pharmacy Automation Equipment, by Type, 2022 and 2023
Table 39: Hospital Beds Available, Per 1,000 Inhabitants, by Country, 2019-2021
Table 40: Average Length of Stay in Hospitals and Inpatient Acute Care Centers, Per 1,000 Inhabitants, by Selected Countries, 2019-2021
Table 41: Long-Term Care Resources and Utilization, by Country, 2019-2021
Table 42: Hospice Facts, 2020 and 2021
Table 43: Global Market for Outpatient Pharmacy Automation, by Type, Through 2028
Table 44: Global Market for Outpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2022 and 2023
Table 45: Global Market for Outpatient Pharmacy Automation Packaging and Labeling Equipment, by Type, 2022 and 2023
Table 46: Global Market for Outpatient Pharmacy Automation Software and Logistics, 2022 and 2023
Table 47: Global Market for Outpatient Pharmacy Automation Other Equipment, by Type, 2022 and 2023
Table 48: U.S. Medication Therapy and Number of Medications Provided at Office Visits, 2021
Table 49: Leading U.S. Retail Pharmacy Chains, by Sales Activity, 2022
Table 50: Global Market for Pharmacy Automation, by Region, Through 2028
Table 51: Global Market for Pharmacy Automation, by Application and Region, 2022
Table 52: U.S. Market for Pharmacy Automation, by Application, Through 2028
Table 53: Developed Europe Market for Pharmacy Automation, by Application, Through 2028
Table 54: Emerging Europe Market for Pharmacy Automation, by Application, Through 2028
Table 55: Asia-Pacific Market for Pharmacy Automation, by Application, Through 2028
Table 56: Other Regions Market for Pharmacy Automation, by Application, Through 2028
Table 57: Recent Developments, 2021-2023
Table 58: ESG Factors in Pharmaceutical Industry
Table 59: ESG Risk Ratings Metric, by Company, 2022
Table 60: Abbreviation Used in the Report
Table 61: ARxIUM: Company Snapshot
Table 62: ARxIUM: Product Portfolio
Table 63: Baxter: Company Snapshot
Table 64: Baxter: Financial Performance, FY 2021 and 2022
Table 65: Baxter: Product Portfolio
Table 66: Baxter: News and Key Developments, 2021 and 2022
Table 67: BD: Company Snapshot
Table 68: BD: Financial Performance, FY 2021 and 2022
Table 69: BD: Product Portfolio
Table 70: BD: News and Key Developments, 2021 and 2022
Table 71: Capsa Healthcare: Company Snapshot
Table 72: Capsa Healthcare: Product Portfolio
Table 73: Capsa Healthcare: News and Key Developments, 2021-2023
Table 74: KUKA AG: Company Snapshot
Table 75: KUKA AG: Financial Performance, FY 2021 and 2022
Table 76: KUKA AG: Product Portfolio
Table 77: KUKA AG: News and Key Developments, 2022
Table 78: Precision Products Group: Company Snapshot
Table 79: Precision Products Group: Product Portfolio
Table 80: Precision Products Group: News and Key Developments, 2022 and 2023
Table 81: Manrex Ltd.: Company Snapshot
Table 82: Manrex Ltd.: Product Portfolio
Table 83: Medical Packaging Inc. LLC: Company Snapshot
Table 84: Medical Packaging Inc. LLC: Product Portfolio
Table 85: Medical Packaging Inc. LLC: News and Key Developments, 2021 and 2022
Table 86: Omnicell Inc.: Company Snapshot
Table 87: Omnicell Inc.: Financial Performance, FY 2021 and 2022
Table 88: Omnicell Inc.: Product Portfolio
Table 89: Omnicell Inc.: News and Key Developments, 2021 and 2022
Table 90: Oracle: Company Snapshot
Table 91: Oracle: Financial Performance, FY 2021 and 2022
Table 92: Oracle: Product Portfolio
Table 93: Oracle: News and Key Developments, 2022
Table 94: RxSafe LLC: Company Snapshot
Table 95: RxSafe LLC: Product Portfolio
Table 96: ScriptPro LLC: Company Snapshot
Table 97: ScriptPro LLC: Product Portfolio
Table 98: Walgreens Boots Alliance Inc.: Company Snapshot
Table 99: Walgreens Boots Alliance Inc.: Financial Performance, FY 2021 and 2022
Table 100: Walgreens Boots Alliance Inc.: Product Portfolio
Table 101: Walgreens Boots Alliance Inc.: News and Key Developments, 2021 and 2023
Table 102: Yuyama Co. Ltd.: Company Snapshot
Table 103: Yuyama Co. Ltd.: Product Portfolio
Table 104: GETECH: Product Portfolio
Table 105: McKesson Corp.: Product Portfolio
Table 106: Meditech Pharma: Product Portfolio
Table 107: Noritsu: Product Portfolio
Table 108: Synergy Medical: Product Portfolio
Table 109: Touchpoint Medical: Product Portfolio
Table 110: Willach U.K. Ltd: Product Portfolio
List of Figures
Summary Figure: Global Market Shares of Pharmacy Automation, by Application, 2022
Figure 1: Top 15 Countries Healthcare Expenditure as a Percentage of Gross Domestic Product, 2021 and 2022*
Figure 2: Selected Countries Pharmaceutical Expenditures as a Percentage of Health Expenditures and Per Capita, 2022
Figure 3: Market Dynamics of Pharmacy Automation
Figure 4: Global Market Shares for Pharmacy Automation, by Product Type, 2022
Figure 5: Provisional Drug Overdose Death Counts in the U.S., 2015-2023
Figure 6: Global Market Shares for Narcotics Management Equipment in Pharmacy Automation, by Application, 2022
Figure 7: Global Market Shares for Dispensing/Storage Equipment in Pharmacy Automation, by Application, 2022
Figure 8: Global Market Shares for IV Compounding Equipment in Pharmacy Automation, by Application, 2022
Figure 9: Global Market Shares for Packaging/Labeling Equipment in Pharmacy Automation, by Application, 2022
Figure 10: Global Market Shares for Software/Logistics Equipment in Pharmacy Automation, by Application, 2022
Figure 11: Global Market Shares of Other Products and Equipment in Pharmacy Automation Equipment, by Application, 2022
Figure 12: Global Market Shares of Pharmacy Automation, by Application, 2022
Figure 13: Global Market Shares for Inpatient Pharmacy Automation, by Type, 2022
Figure 14: Global Market Shares of Inpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2022
Figure 15: Global Market Shares of Inpatient Pharmacy Automation Packaging Systems, by Type, 2022
Figure 16: Global Market Shares of Other Inpatient Pharmacy Automation Equipment, by Type, 2022
Figure 17: Global Manufacturer Market Shares of Inpatient Pharmacy Automation, 2022
Figure 18: Global Market Shares of Inpatient Pharmacy Automation, by Broad Setting, 2022
Figure 19: Global Market Shares for Outpatient Pharmacy Automation, by Type, 2022
Figure 20: Global Market Shares of Outpatient Pharmacy Automation Dispensing and Storage Equipment, by Type, 2022
Figure 21: Global Market Shares of Outpatient Pharmacy Automation Packaging and Labeling Equipment, by Type, 2022
Figure 22: Global Market Shares of Outpatient Pharmacy Automation Other Equipment, by Type, 2022
Figure 23: Global Market Shares of Outpatient Pharmacy Automation Equipment, by Manufacturer, 2022
Figure 24: Global Market Shares of Pharmaceutical Drug Sales, by Region, 2022
Figure 25: Global Market Shares of Outpatient Pharmacy Automation, by Setting, 2022
Figure 26: Global Market Shares for Pharmacy Automation, by Region, 2022
Figure 27: U.S. Market for Pharmacy Automation, by Application, 2022
Figure 28: Developed Europe Market Shares for Pharmacy Automation, by Application, 2022
Figure 29: Emerging Europe Market Shares of Pharmacy Automation, by Application, 2022
Figure 30: Asia-Pacific Market Shares for Pharmacy Automation, by Application, 2022
Figure 31: Other Regions Market Shares for Pharmacy Automation, by Application, 2022
Figure 32: Global Market Shares of Pharmacy Automation, by Key Players, 2022
Figure 33: Baxter: Revenue Shares, by Business Unit, FY 2022
Figure 34: Baxter: Revenue Shares, by Country or Region, FY 2022
Figure 35: BD: Revenue Shares, by Business Unit, FY 2022
Figure 36: BD: Revenue Shares, by Country or Region, FY 2022
Figure 37: KUKA AG: Revenue Shares, by Business Unit, FY 2022
Figure 38: KUKA AG: Revenue Shares, by Country or Region, FY 2022
Figure 39: Omnicell Inc.: Revenue Shares, by Country or Region, FY 2022
Figure 40: Oracle: Revenue Shares, by Business Unit, FY 2022
Figure 41: Oracle: Revenue Shares, by Country or Region, FY 2022
Figure 42: Walgreens Boots Alliance Inc.: Revenue Shares, by Business Unit, FY 2022
Figure 43: Walgreens Boots Alliance Inc.: Revenue Shares, by Country or Region, FY 2022

Executive Summary

Automation has become increasingly important in various industries, including pharmacy. By automating tasks and processes, pharmacies can improve accuracy, efficiency and inventory management. Called “pharmacy automation,” this technology helps to reduce errors and streamline the entire workflow, from prescription intake to medication dispensing.

Technological Advancements and Applications

The use of technologies such as artificial intelligence (AI), the internet of things (IoT), Bluetooth and cloud computing is becoming more important in the field of pharmacy. These technologies allow for the transmission of data between digital devices, and they can be used in drug discovery, computer programs, dosage form design, poly-pharmacology and hospital pharmacy. AI programs and IoT devices can help pharmacists with such tasks as monitoring medication adherence and predicting demand for specific medications. The use of RFID tags, barcodes and biometrics in pharmacy automation equipment has also increased, making processes more efficient and customizable. Drug-dispensing cabinets are now commonly used in outpatient and inpatient pharmacies.

Market Dynamics and Growth Factors

The global pharmacy automation market was valued at $7.1 billion in 2022, and is expected to reach $12.7 billion through 2028, with a CAGR of 10.2% during the forecast period. This growth is driven by such factors as rising prescription volumes, demand for automated packaging and labeling solutions, and the continuous need to reduce medication errors. Increasing global healthcare expenditures are also boosting the pharmacy automation market growth.

Companies Mentioned

  • Arxium
  • Baxter
  • BD
  • Capsa Healthcare
  • Kuka AG
  • Precision Products Group
  • Manrex Ltd.
  • Medical Packaging Inc. LLC
  • Omnicell Inc.
  • Oracle
  • Rxsafe LLC
  • Scriptpro LLC
  • Walgreens Boots Alliance Inc.
  • Yuyama Co. Ltd
  • Other Diversified Players
  • Getech
  • Mckesson Corp.
  • Meditech Pharma
  • Noritsu
  • Synergy Medical
  • Touchpoint Medical
  • Willach U.K. Ltd

Table Information