Pharmacy Automation Market Value Chain, Future Analysis, Industry Growth by 2030

Market Overview

The rising need to reduce pharmaceutical errors, rapid decentralisation of pharmacies, rising geriatric population, and rising labour costs are projected to drive the pharmacy automation industry. Reluctance among healthcare organisations to embrace pharmacy automation systems, on the other hand, is likely to limit overall market growth to some amount during the forecast period. According to Market Research Future, the Pharmacy Automation Market Size is expected to increase from USD 3.63 billion in 2022 to USD 5.38 billion by 2022, with a Compound Annual Growth Rate (CAGR) of 8.2%.

Furthermore, the growing demand for specialised medicine prescription filling solutions, the growing desire to reduce medication errors, and the decentralisation of pharmacies are all driving the pharmacy automation industry.

Pharmacy Automation Market Key Players

Capsa Healthcare
Parata Systems
Arxium Inc.
Omnicell Inc.
RxSafe, LLC
Scriptpro LLC
Becton, Dickinson, and Company
Cerner Corporation
KUKA AG
Yuyama Co., Ltd
Others
Market Segmentation

The pharmacy automation market is divided into automated packaging and labelling systems, automated medication dispensing systems, automated tabletop counters, automated storage plus retrieval systems, automated medication compounding systems, and other pharmacy automation systems, depending on the type of product. In 2016, automated drug dispensing systems dominated the pharmacy automation industry. Benefits like better inventory management, increased medicine safety, and greater storage capacity with optimal space usage and possible time and cost savings provide for a major portion of the segment.

Retail pharmacies will be the fastest expanding end-user category in the pharmacy automation market during the projection period. Inpatient pharmacies, pharmacy benefit management organisations, outpatient pharmacies, mail-or