The Pharmacy Automation Systems market is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030, reaching a value of US$ 11.21 billion by 2030. This growth is being driven by several factors, including the rising demand for efficient and accurate medication dispensing, increasing medication errors, and the need to reduce healthcare costs.

Both hospital and retail pharmacies have been using pharmacy automation systems for a while now. Pharmacy automation systems are being used by pharmacies worldwide to automate routine tasks in order to reduce the need for human involvement, increase operational effectiveness, and reduce overstocking.

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Inpatient and outpatient pharmacies both use pharmacy automation systems. In addition, the systems monitor and update the data of customers in a database and measure customized pharmaceuticals. They keep an eye on the entire process of processing, distributing, and managing inventories. They are now a perfect substitute for manual dispensing in pharmacies as a result.

Prescription medicine storage, administration, filling, packaging, and labeling have become much more efficient and secure thanks to the implementation of automated technologies in pharmacies worldwide.

What are the underlying forces that are contributing to the expansion of the pharmacy automation systems market:

One of the main areas of concentration for manufacturers targeting small retail pharmacies in developed regions has been the production of tiny pharmacy automation systems. In order to attract smaller and lower-end pharmacies, companies are concentrating on compact systems with improved integrated software to automate common chores in pharmacies. As a result, chances for market expansion will arise from the major companies in the industry releasing small pharmacy automation systems.

Pharmaceutical automation systems firms can find rich growth prospects in developing nations' emerging marketplaces. Businesses can take advantage of the enormous opportunity in these markets by using affordable automation solutions.

Small and mid-sized healthcare facilities, as well as retail pharmacies, are gradually substituting these technologies for their traditional pharmacy operation methods as a result of growing knowledge of the advantages of pharmacy automation technology. This will support market expansion during the ensuing ten years.

Key Takeaways:

• The global pharmacy automation systems market is expected to reach a value of US$ 11.21 billion by 2030, growing at a CAGR of 7.9% from 2023 to 2030.
• North America is expected to hold the largest market share throughout the forecast period.
• The growing demand for efficient and accurate medication dispensing, increasing medication errors, and the need to reduce healthcare costs are driving the growth of the market.
• The integration of robotic systems and artificial intelligence technology into pharmacy automation is further fueling market growth.

Regional Outlook:

• North America is expected to hold the largest market share throughout the forecast period, due to the early adoption of automation technologies and the presence of key players in the region.
• Europe is expected to be the second-largest market, followed by Asia Pacific.
• Latin America and the Middle East and Africa are expected to experience the fastest growth in the market, due to the increasing demand for healthcare services and the growing adoption of automation technologies in these regions.

Key Players:

• McKesson Corporation (United States)
• Omnicell, Inc. (United States)
• Swisslog Holding AG (Switzerland)
• ScriptPro, LLC (United States)
• Parata Systems, LLC (United States)
• BD (Becton, Dickinson and Company) (United States)
• ARxllent Software (United States)
• Ropack (United States)
• Zentiva (Germany)
• Gerresheimer AG (Germany)

Segmentation:

By Type:

• Automated Medication Dispensing Systems (AMDS)
• Automated Packaging And Labeling Systems (APALS)
• Automated Storage And Retrieval Systems (AS/RS)
• Automated Medication Compounding Systems (AMCS)
• Table Top Tablet Counters
• Other

By Application:

• Hospitals
• Retail Pharmacies
• Long-Term Care Facilities
• Other

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa