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Pharmacy Automation System Market by Product Type, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 210 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578138
Description Jump to:
The global pharmacy automation system market was valued at $5001 million in 2020, and is assessed to reach $11211 million by 2030, growing at a CAGR of 8.3% from 2021 to 2030.

Pharmacy automation system enables pharmacies for medication counting, prescription management, compound preparation, dispensing, packaging, and inventory management. These systems are required to minimize prescription errors, which lead to consumption of incorrect or inappropriate medications.

Pharmacy automation systems have managed the course of pharmacy undertakings, such as filling &capping of drugs, administration &storing of drugs, and labeling prescriptions. These systems can store and direct more than 200-300 medications and patients' information in an appropriate way. Rise in gathering of automated systems is expected to guarantee prominent productivity and describes how much prescriptions are served by the pharmacy in a short span of time.

The growth of the pharmacy automation systems market is driven by rise in incidence of diseases such as cancer and cardiac disorders. In addition, surge in need to reduce prescription & dispensing errors, growth in healthcare expenditure in emerging nations, and technological advancements for workflow optimization fuel the demand for pharmacy automation systems, thereby driving the market growth. However, high installation cost of these systems is expected to restrain the growth of the market during the forecast period.

Furthermore, innovative types of progress in pharmacy automation systems bring about added highlights, higher achievement rate, and more current businesses of contraption, depending on their use in different pharmacy processes.

The impact of COVID-19 on the pharmacy automation system market was positive. This was due to surge in demand for automated dispensing systems for curbing the dosage errors, which rose owing to surge in prescription volume across the pharmacies in the world. Furthermore, surge in awareness related to benefits of automation in curbing the spread of COVID-19 has boosted the demand for pharmacy automation systems.

The pharmacy automation system market is segmented into product type and end user type. By product type, it is divided into automated medication dispensing systems, automated storage & retrieval system; automated labeling system, tabletop tablet counters, and automated compounding devices. By end user, it is fragmented into retail pharmacy, hospital pharmacy, and others. By Region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Significant fundamental individuals operating in pharmacy automation systems include Becton, Dickinson And Company, Omnicell Inc., ScriptproLlc, Parata, Lonza, Baxter, Danaher, Capsa Healthcare, Cerner Corporation, and RX Safe.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets
  • It offers a quantitative analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities
  • A comprehensive analysis of four regions is provided to determine the existing opportunities
  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market

KEY MARKET SEGMENTS


By Product Type

  • Automated Medication Dispensing Systems
  • Automated Storage & Retrieval Systems
  • Automated Packaging & Labeling Systems
  • Tabletop Tablet Counters
  • Automated Compounding Devices

By End User

  • Retail Pharmacy
  • Hospital pharmacy
  • Others (Long-Term Care Pharmacy, Clinic Pharmacy, and Mail Order Pharmacy)

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power Among Buyers
3.4. Market Share Analysis/Top Player Positioning
3.4.1. Market Share Analysis/Top Player Positioning 2020
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. Covid-19 Impact Analysis
Chapter 4: Pharmacy Automation Systems Market, by Product
4.1. Market Overview
4.1.1 Market Size and Forecast, by Product
4.2. Automated Medication Dispensing Systems
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Share Analysis, by Country
4.3. Automated Storage and Retrieval Systems
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Share Analysis, by Country
4.4. Automated Packaging and Labeling Systems
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Share Analysis, by Country
4.5. Tabletop Tablet Counters
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Share Analysis, by Country
4.6. Automated Compounding Devices
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast, by Region
4.6.3. Market Share Analysis, by Country
Chapter 5: Pharmacy Automation Systems Market, by End-user
5.1. Market Overview
5.1.1 Market Size and Forecast, by End-user
5.2. Hospital Pharmacy
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Share Analysis, by Country
5.3. Retail Pharmacy
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Share Analysis, by Country
5.4. Others
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Share Analysis, by Country
Chapter 6: Pharmacy Automation Systems Market, by Region
6.1. Market Overview
6.1.1 Market Size and Forecast, by Region
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, by Product
6.2.3. Market Size and Forecast, by End-user
6.2.4. Market Size and Forecast, by Country
6.2.5. United States Pharmacy Automation Systems Market
6.2.5.1. Market Size and Forecast, by Product
6.2.5.2. Market Size and Forecast, by End-user
6.2.6. Canada Pharmacy Automation Systems Market
6.2.6.1. Market Size and Forecast, by Product
6.2.6.2. Market Size and Forecast, by End-user
6.2.7. Mexico Pharmacy Automation Systems Market
6.2.7.1. Market Size and Forecast, by Product
6.2.7.2. Market Size and Forecast, by End-user
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, by Product
6.3.3. Market Size and Forecast, by End-user
6.3.4. Market Size and Forecast, by Country
6.3.5. France Pharmacy Automation Systems Market
6.3.5.1. Market Size and Forecast, by Product
6.3.5.2. Market Size and Forecast, by End-user
6.3.6. Germany Pharmacy Automation Systems Market
6.3.6.1. Market Size and Forecast, by Product
6.3.6.2. Market Size and Forecast, by End-user
6.3.7. U. K Pharmacy Automation Systems Market
6.3.7.1. Market Size and Forecast, by Product
6.3.7.2. Market Size and Forecast, by End-user
6.3.8. Italy Pharmacy Automation Systems Market
6.3.8.1. Market Size and Forecast, by Product
6.3.8.2. Market Size and Forecast, by End-user
6.3.9. Spain Pharmacy Automation Systems Market
6.3.9.1. Market Size and Forecast, by Product
6.3.9.2. Market Size and Forecast, by End-user
6.3.10. Rest of Europe Pharmacy Automation Systems Market
6.3.10.1. Market Size and Forecast, by Product
6.3.10.2. Market Size and Forecast, by End-user
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, by Product
6.4.3. Market Size and Forecast, by End-user
6.4.4. Market Size and Forecast, by Country
6.4.5. Japan Pharmacy Automation Systems Market
6.4.5.1. Market Size and Forecast, by Product
6.4.5.2. Market Size and Forecast, by End-user
6.4.6. China Pharmacy Automation Systems Market
6.4.6.1. Market Size and Forecast, by Product
6.4.6.2. Market Size and Forecast, by End-user
6.4.7. Australia Pharmacy Automation Systems Market
6.4.7.1. Market Size and Forecast, by Product
6.4.7.2. Market Size and Forecast, by End-user
6.4.8. India Pharmacy Automation Systems Market
6.4.8.1. Market Size and Forecast, by Product
6.4.8.2. Market Size and Forecast, by End-user
6.4.9. South Korea Pharmacy Automation Systems Market
6.4.9.1. Market Size and Forecast, by Product
6.4.9.2. Market Size and Forecast, by End-user
6.4.10. Rest of Asia-Pacific Pharmacy Automation Systems Market
6.4.10.1. Market Size and Forecast, by Product
6.4.10.2. Market Size and Forecast, by End-user
6.5. LAMEA
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, by Product
6.5.3. Market Size and Forecast, by End-user
6.5.4. Market Size and Forecast, by Country
6.5.5. Brazil Pharmacy Automation Systems Market
6.5.5.1. Market Size and Forecast, by Product
6.5.5.2. Market Size and Forecast, by End-user
6.5.6. Saudi Arabia Pharmacy Automation Systems Market
6.5.6.1. Market Size and Forecast, by Product
6.5.6.2. Market Size and Forecast, by End-user
6.5.7. South Africa Pharmacy Automation Systems Market
6.5.7.1. Market Size and Forecast, by Product
6.5.7.2. Market Size and Forecast, by End-user
6.5.8. Rest of LAMEA Pharmacy Automation Systems Market
6.5.8.1. Market Size and Forecast, by Product
6.5.8.2. Market Size and Forecast, by End-user
Chapter 7: Company Profiles
7.1. Baxter International Inc.
7.1.1. Company Overview
7.1.2. Key Executives
7.1.3. Company Snapshot
7.1.4. Operating Business Segments
7.1.5. Product Portfolio
7.1.6. Business Performance
7.1.7. Key Strategic Moves and Developments
7.2. Becton, Dickinson and Company
7.2.1. Company Overview
7.2.2. Key Executives
7.2.3. Company Snapshot
7.2.4. Operating Business Segments
7.2.5. Product Portfolio
7.2.6. Business Performance
7.2.7. Key Strategic Moves and Developments
7.3. Capsa
7.3.1. Company Overview
7.3.2. Key Executives
7.3.3. Company Snapshot
7.3.4. Operating Business Segments
7.3.5. Product Portfolio
7.3.6. Business Performance
7.3.7. Key Strategic Moves and Developments
7.4. Cerner Corporation
7.4.1. Company Overview
7.4.2. Key Executives
7.4.3. Company Snapshot
7.4.4. Operating Business Segments
7.4.5. Product Portfolio
7.4.6. Business Performance
7.4.7. Key Strategic Moves and Developments
7.5. Danaher Corporation
7.5.1. Company Overview
7.5.2. Key Executives
7.5.3. Company Snapshot
7.5.4. Operating Business Segments
7.5.5. Product Portfolio
7.5.6. Business Performance
7.5.7. Key Strategic Moves and Developments
7.6. Lonza Group
7.6.1. Company Overview
7.6.2. Key Executives
7.6.3. Company Snapshot
7.6.4. Operating Business Segments
7.6.5. Product Portfolio
7.6.6. Business Performance
7.6.7. Key Strategic Moves and Developments
7.7. Omnicell Inc.
7.7.1. Company Overview
7.7.2. Key Executives
7.7.3. Company Snapshot
7.7.4. Operating Business Segments
7.7.5. Product Portfolio
7.7.6. Business Performance
7.7.7. Key Strategic Moves and Developments
7.8. Parata Systems
7.8.1. Company Overview
7.8.2. Key Executives
7.8.3. Company Snapshot
7.8.4. Operating Business Segments
7.8.5. Product Portfolio
7.8.6. Business Performance
7.8.7. Key Strategic Moves and Developments
7.9. Rx Safe
7.9.1. Company Overview
7.9.2. Key Executives
7.9.3. Company Snapshot
7.9.4. Operating Business Segments
7.9.5. Product Portfolio
7.9.6. Business Performance
7.9.7. Key Strategic Moves and Developments
7.10. Script Pro
7.10.1. Company Overview
7.10.2. Key Executives
7.10.3. Company Snapshot
7.10.4. Operating Business Segments
7.10.5. Product Portfolio
7.10.6. Business Performance
7.10.7. Key Strategic Moves and Developments
List of Tables
Table 1. Global Pharmacy Automation Systems Market, by Product, 2020-2030 ($Million)
Table 2. Global Pharmacy Automation Systems Market for Automated Medication Dispensing Systems, by Region, 2020-2030 ($Million)
Table 3. Global Pharmacy Automation Systems Market for Automated Storage and Retrieval Systems, by Region, 2020-2030 ($Million)
Table 4. Global Pharmacy Automation Systems Market for Automated Packaging and Labeling Systems, by Region, 2020-2030 ($Million)
Table 5. Global Pharmacy Automation Systems Market for Tabletop Tablet Counters, by Region, 2020-2030 ($Million)
Table 6. Global Pharmacy Automation Systems Market for Automated Compounding Devices, by Region, 2020-2030 ($Million)
Table 7. Global Pharmacy Automation Systems Market, by End-user, 2020-2030 ($Million)
Table 8. Global Pharmacy Automation Systems Market for Hospital Pharmacy, by Region, 2020-2030 ($Million)
Table 9. Global Pharmacy Automation Systems Market for Retail Pharmacy, by Region, 2020-2030 ($Million)
Table 10. Global Pharmacy Automation Systems Market for Others, by Region, 2020-2030 ($Million)
Table 11. Global Pharmacy Automation Systems Market, by Region, 2020-2030 ($Million)
Table 12. North America Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 13. North America Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 14. United States Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 15. United States Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 16. Canada Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 17. Canada Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 18. Mexico Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 19. Mexico Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 20. Europe Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 21. Europe Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 22. France Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 23. France Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 24. Germany Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 25. Germany Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 26. United Kingdom Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 27. United Kingdom Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 28. Italy Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 29. Italy Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 30. Spain Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 31. Spain Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 32. Rest of Europe Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 33. Rest of Europe Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 34. Asia-Pacific Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 35. Asia-Pacific Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 36. Japan Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 37. Japan Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 38. China Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 39. China Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 40. Australia Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 41. Australia Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 42. India Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 43. India Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 44. South Korea Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 45. South Korea Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 46. Rest of Asia-Pacific Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 47. Rest of Asia-Pacific Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 48. Lamea Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 49. Lamea Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 50. Brazil Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 51. Brazil Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 52. Saudi Arabia Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 53. Saudi Arabia Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 54. South Africa Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 55. South Africa Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 56. Rest of LAMEA Pharmacy Automation Systems, by Product, 2020-2030 ($Million)
Table 57. Rest of LAMEA Pharmacy Automation Systems, by End-user, 2020-2030 ($Million)
Table 58. Baxter International Inc. : Key Executives
Table 59. Baxter International Inc. : Company Snapshot
Table 60. Baxter International Inc. : Operating Segments
Table 61. Baxter International Inc. : Product Portfolio
Table 62. Baxter International Inc. : Key Strategic Moves and Developments
Table 63. Becton, Dickinson and Company: Key Executives
Table 64. Becton, Dickinson and Company: Company Snapshot
Table 65. Becton, Dickinson and Company: Operating Segments
Table 66. Becton, Dickinson and Company: Product Portfolio
Table 67. Becton, Dickinson and Company: Key Strategic Moves and Developments
Table 68. Capsa: Key Executives
Table 69. Capsa: Company Snapshot
Table 70. Capsa: Operating Segments
Table 71. Capsa: Product Portfolio
Table 72. Capsa: Key Strategic Moves and Developments
Table 73. Cerner Corporation: Key Executives
Table 74. Cerner Corporation: Company Snapshot
Table 75. Cerner Corporation: Operating Segments
Table 76. Cerner Corporation: Product Portfolio
Table 77. Cerner Corporation: Key Strategic Moves and Developments
Table 78. Danaher Corporation: Key Executives
Table 79. Danaher Corporation: Company Snapshot
Table 80. Danaher Corporation: Operating Segments
Table 81. Danaher Corporation: Product Portfolio
Table 82. Danaher Corporation: Key Strategic Moves and Developments
Table 83. Lonza Group: Key Executives
Table 84. Lonza Group: Company Snapshot
Table 85. Lonza Group: Operating Segments
Table 86. Lonza Group: Product Portfolio
Table 87. Lonza Group: Key Strategic Moves and Developments
Table 88. Omnicell Inc. : Key Executives
Table 89. Omnicell Inc. : Company Snapshot
Table 90. Omnicell Inc. : Operating Segments
Table 91. Omnicell Inc. : Product Portfolio
Table 92. Omnicell Inc. : Key Strategic Moves and Developments
Table 93. Parata Systems: Key Executives
Table 94. Parata Systems: Company Snapshot
Table 95. Parata Systems: Operating Segments
Table 96. Parata Systems: Product Portfolio
Table 97. Parata Systems: Key Strategic Moves and Developments
Table 98. Rx Safe: Key Executives
Table 99. Rx Safe: Company Snapshot
Table 100. Rx Safe: Operating Segments
Table 101. Rx Safe: Product Portfolio
Table 102. Rx Safe: Key Strategic Moves and Developments
Table 103. Script Pro: Key Executives
Table 104. Script Pro: Company Snapshot
Table 105. Script Pro: Operating Segments
Table 106. Script Pro: Product Portfolio
Table 107. Script Pro: Key Strategic Moves and Developments
List of Figures
Figure 1. Global Pharmacy Automation Systems Market Segmentation
Figure 2. Global Pharmacy Automation Systems Market
Figure 3. Segmentation Pharmacy Automation Systems Market
Figure 4. Top Investment Pocket in Pharmacy Automation Systems Market
Figure 5. Top Winning Strategies, 2019-2021*
Figure 6. Top Winning Strategies, by Development, 2019-2021(%)
Figure 7. Top Winning Strategies, by Company, 2019-2021*
Figure 8. Moderate Bargaining Power of Buyers
Figure 9. Moderate Bargaining Power of Suppliers
Figure 10. Moderate Threat of New Entrants
Figure 11. Low Threat of Substitution
Figure 12. High Competitive Rivalry
Figure 13. Top Player Positioning, 2020
Figure 14. Market Share Analysis, 2020
Figure 15. Restraints and Drivers: Pharmacy Automation Systems Market
Figure 16. Pharmacy Automation Systems Market Segmentation, by Product
Figure 17. Pharmacy Automation Systems Market for Automated Medication Dispensing Systems, by Country, 2020-2030 ($ Million)
Figure 18. Pharmacy Automation Systems Market for Automated Storage and Retrieval Systems, by Country, 2020-2030 ($ Million)
Figure 19. Pharmacy Automation Systems Market for Automated Packaging and Labeling Systems, by Country, 2020-2030 ($ Million)
Figure 20. Pharmacy Automation Systems Market for Tabletop Tablet Counters, by Country, 2020-2030 ($ Million)
Figure 21. Pharmacy Automation Systems Market for Automated Compounding Devices, by Country, 2020-2030 ($ Million)
Figure 22. Pharmacy Automation Systems Market Segmentation, by End-user
Figure 23. Pharmacy Automation Systems Market for Hospital Pharmacy, by Country, 2020-2030 ($ Million)
Figure 24. Pharmacy Automation Systems Market for Retail Pharmacy, by Country, 2020-2030 ($ Million)
Figure 25. Pharmacy Automation Systems Market for Others, by Country, 2020-2030 ($ Million)
Figure 26. Baxter International Inc: Net Sales, 2018-2020 ($ Million)
Figure 27. Baxter International Inc: Revenue Share, by Segment, 2020 (%)
Figure 28. Baxter International Inc: Revenue Share, by Region, 2020 (%)
Figure 29. Becton, Dickinson and Company: Net Sales, 2018-2020 ($ Million)
Figure 30. Becton, Dickinson and Company: Revenue Share, by Segment, 2020 (%)
Figure 31. Becton, Dickinson and Company: Revenue Share, by Region, 2020 (%)
Figure 32. Capsa: Net Sales, 2018-2020 ($ Million)
Figure 33. Capsa: Revenue Share, by Segment, 2020 (%)
Figure 34. Capsa: Revenue Share, by Region, 2020 (%)
Figure 35. Cerner Corporation: Net Sales, 2018-2020 ($ Million)
Figure 36. Cerner Corporation: Revenue Share, by Segment, 2020 (%)
Figure 37. Cerner Corporation: Revenue Share, by Region, 2020 (%)
Figure 38. Danaher Corporation: Net Sales, 2018-2020 ($ Million)
Figure 39. Danaher Corporation: Revenue Share, by Segment, 2020 (%)
Figure 40. Danaher Corporation: Revenue Share, by Region, 2020 (%)
Figure 41. Lonza Group: Net Sales, 2018-2020 ($ Million)
Figure 42. Lonza Group: Revenue Share, by Segment, 2020 (%)
Figure 43. Lonza Group: Revenue Share, by Region, 2020 (%)
Figure 44. Omnicell Inc: Net Sales, 2018-2020 ($ Million)
Figure 45. Omnicell Inc: Revenue Share, by Segment, 2020 (%)
Figure 46. Omnicell Inc: Revenue Share, by Region, 2020 (%)
Figure 47. Parata Systems: Net Sales, 2018-2020 ($ Million)
Figure 48. Parata Systems: Revenue Share, by Segment, 2020 (%)
Figure 49. Parata Systems: Revenue Share, by Region, 2020 (%)
Figure 50. Rx Safe: Net Sales, 2018-2020 ($ Million)
Figure 51. Rx Safe: Revenue Share, by Segment, 2020 (%)
Figure 52. Rx Safe: Revenue Share, by Region, 2020 (%)
Figure 53. Script Pro: Net Sales, 2018-2020 ($ Million)
Figure 54. Script Pro: Revenue Share, by Segment, 2020 (%)
Figure 55. Script Pro: Revenue Share, by Region, 2020 (%)

Executive Summary

According to the report disseminated by the publisher, named, Pharmacy Automation System Market by Product Type, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030 The global pharmacy automation system market size was valued at $5001 Million in 2020, and is assessed to reach $11211 Million by 2030, growing at a CAGR of 8.3% from 2021 to 2030.

A pharmacy automation structure is used to administer and scatter medications mechanically. Increased medication errors, advantages of pharmacy automation system, and progression of further evolved features drive the growth of pharmacy automation system market.

In addition, improvement in healthcare infrastructure in emerging countries is expected to set out new entryways for market advancement. However, high capital investment and stringent informal regulations are significant hindrances that restrain the market growth.

The pharmacy automation system market is driven by need for decline in medication errors, manual medication dispensing, and headway of further evolved innovations to help &further develop pharmacy automation systems. In addition, rise in geriatric population and surge in work cost have incited the growth in pharmacy automation market. To further foster the healthcare advantages and assure the wellbeing of patients, it is critical to reduce medication errors. Consequently, increase in use of pharmacy automation systems brings about minimization of errors associated with medication, storage, recuperation, dispensing, and use.

Mechanical movements in pharmacy automation systems bring about added features, higher accomplishment rate, and more current usages of the device, depending on their utilization in various pharmacy processes. Appeal for mechanically innovative products to administer, compound, store, and name doctor recommended medications apparently guarantee careful, exact, and safer use of medications for better healthcare results.

Pharmacy automation systems have dealt with the course of pharmacy undertakings, such as filling &capping of drugs, administration &storing of drugs, and labeling the prescriptions. These systems can store and supervise more than 200-300 medications and patients' information, in a reasonable &secure way. Rise in gathering of automated systems is expected to ensure prominent productivity and increase the amount of prescriptions served by the pharmacy by reducing long stretch operating cost

The World Health Organization (WHO) on January 30, 2020 declared COVID-19 outbreak a public health emergency of international concern. COVID-19 has affected around 210 countries across the globe. Owing to the COVID-19 pandemic, governments across the globe announced country-wide lockdowns as well as social distancing measures to prevent collapse of the healthcare system.

Similarly, pharmacy automation system market industry was impacted due to the COVID-19 pandemic. The overall impact of COVID-19 remained positive for the market as the pharmacies across the globe received increased number of prescriptions for treatment of COVID-19 and other ailments. This led to a possibility of dosing errors, which contributed toward surge in demand for pharmacy automated systems such as dispensing systems. Furthermore, staff shortage during COVID-19 was another major factor that led to raise in demand for pharmacy automation systems. Hence, the impact of COVID-19 on the pharmacy automation system was positive.

The pharmacy automation systems market is divided into product type and end user type. Product type, it is segregated into automated medication dispensing systems, automated storage and retrieval systems, automated labeling systems, tabletop tablet counters, and automated compounding devices. By end user, is the market is classified into retail pharmacy, clinic pharmacy, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA

Under product type, the automated medication dispensing part addressed the largest share of pharmacy automation market in 2020.The gigantic share of the segment is credited to benefits such as prevalent medication security, better inventory load up, and further created storage limit with ideal utilization of room, and conceivable time &cost savings.

By end user, retail pharmacy is the fastest developing end user section in pharmacy automation system market owing to need of minimizing dispensing errors, rise in number of retail pharmacies, and increased liability on drug trained professionals.

North America dominates the pharmacy automation system market followed by the European region due to increased number of drug prescriptions at pharmacies resulting from growth in aging population.

Key Findings Of The Study


  • By product, the automated medication dispensing systems segment accounted for nearly half the shareof the pharmacy automation system market in 2020
  • Region wise, Asia-Pacific is anticipated to grow at the highest CAGR of 104% throughout the forecast period
  • In Europe, Germany accounted for approximately one-fourth share of the pharmacy automation system market, in 2020
  • By end user, the retail segment accounted for less than one-third share of the global pharmacy automation market in 2020
  • In 2020 North America has addressed the greatest market size in pharmacy automation market followed by Europe. In addition, factors such as surge in awareness related to benefits of pharmacy automation systems in the region and the presence of key players drive the growth of the market In addition, Asia-Pacific is expected to exhibit the fastest growth rate

Companies Mentioned

  • Becton, Dickinson And Company
  • Omnicell Inc.
  • Scriptpro Llc
  • Parata
  • Lonza
  • baxter
  • Danaher
  • Capsa Healthcare
  • Cerner Corporation
  • RX Safe

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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