Pharmacy Automation Market (By Product: Medication Dispensing Systems, Automated Medication Compounding Systems, Packaging and Labeling Systems, Storage and Retrieval Systems, Tabletop Tablet Counters; By End Use: Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organization And Mail Order Pharmacies, Retail Pharmacies) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030


The global pharmacy automation market size was estimated at US$ 6.16 billion in 2021 and is expected to hit around US$ 12.35 billion by 2030 with a registered CAGR of 8.04% from 2022 to 2030.

Pharmacy Automation Market Size 2021 to 2030

Growth Factors

The growth of global pharmacy automation market is being driven by the growing need for device that helps in reducing medication errors. Furthermore, the growing geriatric population as well as growing adoption of automated devices and innovative technologies is also contributing towards the growth of global pharmacy automation market. The rising healthcare expenditure is also driving the growth and development of worldwide pharmacy automation market over the forecast period.

Another factor driving the growth of global pharmacy automation market is the expansion of pharmaceutical sector all around the globe. As per the Indian Brand Equity Foundation, Indian companies exported pharmaceuticals worth $17.27 billion from 2017 to 2018, and this figure is predicted to rise by 30% by 2020 to $20 billion. The thriving pharmaceutical business is expected to boost the growth of worldwide pharmacy automation market.

The geriatric population has risen globally. As a result, the number of life threatening and chronic disorders is on the rise, as is the number of prescriptions prescribed. As per the study of Economic analysis of the prevalence and clinical and economic impact of medication error in England, released in June 2021, the National Health Service in England makes an estimated 237 million prescription errors per year, resulting in hundreds of fatalities. As a result, pharmacies and hospitals are implementing new pharmacy automation technology to cut costs while increasing patient safety.

The increased mergers and acquisitions as well as an increase in the number of partnerships between companies to extend their product capabilities, are predicted to drive the growth of global pharmacy automation market. The key market players, particularly in emerging nations, are focusing on ongoing product development while supplying products at competitive rates.

Report Scope of the Pharmacy Automation Market

Report Coverage Details
Market Size by 2030 USD 12.35 Billion
Growth Rate from 2022 to 2030

CAGR of 8.04%

Largest Market North America
Fastest Growing Market Asia Pacific 
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Product, End Use, Geography
Companies Mentioned Amerisource Bergen Corporation, Accu Chart Plus Healthcare Systems, Inc., McKesson Corporation, Pearson Medical Technologies, LLC, CareFusion (Becton Dickinson And Company), Medacist Solutions Group, LLC, TouchPoint Medical, Deenova S.R.L, Parata Systems, LLC, Swisslog Healthcare


Product Insights

The medication dispensing systems segment dominated the pharmacy automation market in 2021. The growth of the segment is attributed to the growing number of deaths due to medication errors. In addition, strict government regulations are also boosting the medication dispensing systems segment. Moreover, adoption of advanced technologies is paving way for the expansion of segment.

The automated medication compounding systems segment is projected to hit strong growth over the forecast period. As per the survey on pharmacy automation equipment done by Pharmacy Purchasing and Products in 2019, 84% of hospital pharmacies have or plan to employ automated dispensing cabinets. One of the primary factors driving the growth of the segment is the growing use of sterile compounding.

End Use Insights

The retail pharmacy segment dominated the pharmacy automation market in 2021. The supermarket pharmacies, chain pharmacies, mass merchandiser pharmacies, and independent pharmacies are all examples of retail pharmacies. The growth of the segment is attributed to the rising need to reduce dispensing errors, the surge in the number of retail pharmacies, and increased burden on pharmacists.

The hospital pharmacy segment is expected to witness significant growth over the forecast period. This is due to the growing use of automated dispensing cabinets, automated medication storage, and barcoded unit dose packaging systems to improve production and efficiency. In December 2020, for example, Owensboro Health implemented Omnicell Central Pharmacy Dispensing Service to decrease pharmaceutical dispensing problems and enhance inventory management.

Region Insights

North America dominated the pharmacy automation market in 2021. The U.S. dominated the pharmacy automation market in North America region. More than 100,000 suspected drug errors are reported each year in the U.S., as per the U.S. Food and Drug Administration. Furthermore, according to a study conducted by Johns Hopkins University, drug errors cause over 250,000 deaths in the U.S. each year. As a result, it’s one of the nation’s major causes of death, which is driving the growth of pharmacy automation market in North America region. In addition, technological developments are also driving the expansion of North America pharmacy automation market. For example, Omnicell’s XT series automated dispensing system has been installed in five of Duke University Hospital’s hospitals in the U.S. These updated cabinets have a 30% higher capacity and can hold 30% more pharmaceuticals in the same footprint as the previous design.  North America region was valued at USD 1678.7 billion in 2020.

Pharmacy Automation Market Share, By Region, 2021 (%)

Asia-Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. China dominates the pharmacy automation market in Asia-Pacific region. The pharmacy automation market in Asia-Pacific is being driven by growing geriatric population and rising healthcare funding and investments. In addition, the rising requirement for minimizing medication errors is driving the growth of Asia-Pacific pharmacy automation market. Medication errors, account for 2.0% to 3.0% of healthcare centers or hospitals admissions in Australia, as per the Australian Commission on Safety and Quality in Healthcare.

Key Developments

  • Omnicell purchased Ateb Inc. in 2016, a company that provides independent and chain pharmacies with pharmacy-based patient care solutions and medication synchronization. 
  • Parata Systems, a provider of pharmacy automation, declared the introduction of Max 2, their next generation vial filling robot, in October 2019. The pharmacy automation robots automate the filling, labeling, and capping of vials to boost productivity and meet the needs of busy pharmacies. 
  • Rowa, a German business specializing in robotic medication storage and retrieval systems, was bought by CareFusion Corporation in 2011 to expand its brand share in hospitals and retail pharmacies in areas outside the U.S. 
  • In August 2021, iA, a software enabled pharmacy provider, declared the launch of new Pharmacy Fulfillment, Therapy Management Solutions, and SmartPod to modernize pharmacy services. 
  • CareFusion Corporation, a worldwide medical technology firm with a comprehensive portfolio of solutions in the areas of infection prevention, medication management, procedural effectiveness, respiratory care, and operating room was bought by BD in 2015. 
  • Walgreens Boots Alliance and Amerisource Bergen formed a strategic partnership in January 2021. Amerisource Bergen purchased Walgreens Boots Alliance Healthcare Business, allowing it to focus on expanding its retail pharmacy business. Both firms are extending and expanding their commercial partnerships as a result of this strategic partnership. 
  • Swisslog Healthcare launched the Open Pharmacy in June 2020 to convert pharmacies into health hubs. As a result, community pharmacies have been able to overcome challenges and adapt to shifting dynamics and trends.
  • TCGRx and ScriptPro LLC entered into a distribution and co-marketing arrangement in 2014, allowing the firm to provide TCGRxadherence packaging solutions to retail pharmacies across the U.S. At the National Community Pharmacists Association Annual Convention in October 2016, Kirby Lester unveiled an improved version of their flagship tablet counting devices, the KL1 and KL1 Plus. 

Some of the prominent players in the global pharmacy automation market include:

  • Amerisource Bergen Corporation
  • Accu Chart Plus Healthcare Systems, Inc.
  • McKesson Corporation
  • Pearson Medical Technologies, LLC
  • CareFusion (Becton Dickinson And Company)
  • Medacist Solutions Group, LLC
  • TouchPoint Medical
  • Deenova S.R.L
  • Parata Systems, LLC
  • Swisslog Healthcare

Segments Covered in the Report

(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)

By Product

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

By End Use

  • Inpatient Pharmacies
  • Outpatient Pharmacies
    • Outpatient/Fast Track Clinics
    • Hospital Retail Settings
  • Pharmacy Benefit Management Organization And Mail Order Pharmacies
  • Retail Pharmacies

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions

What is the current size of pharmacy automation market?
The global pharmacy automation market size was accounted at US$ 6.16 billion in 2021 and is anticipated to rake around US$ 12.35 billion by 2030.
The global pharmacy automation market is expected to drive growth at a CAGR of 8.04% over the forecast period 2022 to 2030.
The major players operating in the pharmacy automation market are Amerisource Bergen Corporation, Accu Chart Plus Healthcare Systems, Inc., McKesson Corporation, Pearson Medical Technologies, LLC, CareFusion (Becton Dickinson And Company), Medacist Solutions Group, LLC, TouchPoint Medical, Deenova S.R.L, Parata Systems, LLC, Swisslog Healthcare
The expanding patient load, pharmacists have seen a rise in drugs and medication errors and rising patient waiting times with traditional ways of operation within pharmacies. Thus, the growing awareness among pharmacists is driving the expansion and development of global pharmacy automation market.
North America region will lead the global pharmaceutical filtration market over the forecast period 2022 to 2030.

PROCEED TO BUY

   USD 4500
   USD 7000
   USD 9000

ASK FOR SAMPLE

No cookie-cutter, only authentic analysis – take the 1st step to become an Precedence Research client

Get a Sample