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Report Highlights
The global market for pharmacy automation is estimated to increase from $7.8 billion in 2023 to reach $12.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.2% from 2023 through 2028.
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
Report Scope
This BCC Research 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 Synopsis
| Report Metrics | Details | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||
| Base year market size | $7.1 billion | ||||||||||||||
| Market size forecast | $12.7 billion | ||||||||||||||
| Growth rate | CAGR of 10.2% for the forecast period of 2023-2028 | ||||||||||||||
| Units considered | $ Millions | ||||||||||||||
| Segments covered | By Type, By Application | ||||||||||||||
| Regions covered | U.S., Europe, Asia-Pacific, Rest of the World | ||||||||||||||
| Countries covered | U.K., France, Germany, Italy, Spain, Poland, Russia, Turkey, Croatia, Hungary, Romania, China, Japan, South Korea, Australia, New Zealand, Indonesia, Malaysia, Phillipines, Singapore, South Korea, Taiwan, Thailand, Vietman, Canada, Mexico, Middle East | ||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
Masaratjahan Kudle – Associate Consultant – Technology Research
Masaratjahan Kudle is a highly skilled market research consultant with six years of experience in the technology domain. She has a strong background in data analysis and is highly skilled in gathering and interpreting market intelligence to drive business growth. Masaratjahan has worked with numerous clients throughout her career, helping them make informed decisions about their market strategies. She holds a Computer Science and Engineering degree.
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Report Highlights
The global market for pharmacy automation is estimated to increase from $6.3 billion in 2021 to $9.9 billion by 2026, at a compound annual growth rate (CAGR) of 9.4% during the forecast period of 2021-2026.
Report Includes
- 69 data tables and 56 additional tables
- An updated review of the global market for pharmacy automation technologies
- Analyses of the global market trends, with historic data from 2019 to 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation of the current market size and revenue forecast (in USD millions) for pharmacy automation, and corresponding market share analysis by product type, application, pharmacy settings, and geographic region
- Highlights of the key market dynamics (DROs), current trends and emerging applications, and opportunity assessment within the pharmacy automation industry
- Insight into the recent advances made in pharmacy automation, industry supply chain analysis, regulatory concerns, consumer issues, and the global financial conditions
- Impact of COVID-19 on pharma research and new developments relate to automating processes in the pharmacy environment
- Patent review and significant allotments of patents for pharmacy automation and pharmacy robots across each major category
- Insight into the industry structure for pharmacy automation, recent merger and acquisition deals, and global company share analysis of the key operating companies
- Descriptive company profiles of the leading global players, including Baxter International Inc., Becton, Dickinson and Co., Cerner Corp., iA, Omnicell Inc., and Swisslog AG
Report Highlights
The global market for pharmacy automation should grow from $5.1 billion in 2019 to $7.8 billion by 2024 at a compound annual growth rate (CAGR) of 8.6% for the period of 2019-2024.
Report Includes
- 57 data tables and 35 additional tables
- An overview of the global markets for pharmacy automation and related technologies
- Analyses of global market trends, with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Information regarding statistics for medication errors, costs associated with pharmacy activities, the pharmacist shortage and many other issues affecting the pharmacy automation market
- A look at the impact of chronic diseases, and the pharmacy service industry and its value
- Discussion of technology patent trends relating to automating processes in the pharmacy environment
- Comprehensive profiles of leading companies in the industry with significant contributions and market shares, including Baxter International Inc., Becton, Dickinson & Co., Cerner Corp., Omnicell Inc., and Parata Systems LLC
Report Highlights
The global inpatient and outpatient pharmacy automation market has grown to nearly $3.8 billion in 2016 from $3.5 billion in 2015. The market is expected to grow at a five-year compound annual growth rate (CAGR) of 7.9% from 2016 to 2021, increasing to $5.5 billion in 2021.
Report Includes
- An overview of the global markets for pharmacy automation and related technologies
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021
- A market breakdown of inpatient pharmacy automation into acute-care settings and long-term care settings
- A market breakdown of outpatient pharmacy automation into fast-track clinical settings, hospital retail settings, pharmacy benefit management services, and retail pharmacy chains
- A look at the impact of chronic diseases, and growing and aging populations
- Technology patent trends relating to automating processes in the pharmacy environment
- Profiles of major players in the industry
Report Highlights
The global pharmacy automation market reached nearly $3.0 billion in 2012. This market is expected to grow to nearly $3.2 billion in 2013 and $4.9 billion in 2018 with a compound annual growth rate (CAGR) of 8.8% over the five-year period, 2013 to 2018
Report Includes
- An overview of the global market for pharmacy automation.
- Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- A market breakdown of inpatient pharmacy automation into a cute-care settings and long-term care settings.
- A market breakdown of outpatient pharmacy automation into fast-track clinical settings, hospital retail settings, pharmacy benefit management services, and retail pharmacy chains
- Comprehensive profiles of leading companies in the industry.
Report Highlights
The global inpatient and outpatient pharmacy automation market was valued at $2.4 billion in 2011 and should reach $2.6 billion in 2012. Total market value is expected to reach nearly $3.9 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 8%.
Report Highlights
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The total worldwide market for pharmacy automation will be worth $2.2 billion by the end of 2010. The market is displaying a recovery from purchasing holds for equipment experienced by many health facilities, and is expected to grow at a 4.6% compound annual growth rate (CAGR) to reach $2.7 billion in 2015.
-
Inpatient pharmacy automation revenues account for the larger share of the market, with sales expected to reach $1.7 billion by the end of 2010 and increase by a 5.2% compound annual growth rate (CAGR) to reach $2.2 billion by 2015.
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Outpatient pharmacy automation revenues are estimated at $456 million for 2010. By 2015, the outpatient pharmacy automation market is expected to reach $510 million in revenues after increasing at a compound annual growth rate (CAGR) of 2.3%.
Report Highlights
- The global market for pharmacy automation increased from $2.1 billion in 2006 to $2.3 billion in 2007. It should reach $3.6 billion by 2012, a compound annual growth rate (CAGR) of 9.4%.
- By 2012, the inpatient pharmacy automation market is expected to be worth nearly $2.9 billion, a CAGR of 9.8%.
- The outpatient pharmacy automation segment will continue to experience moderate growth through 2012, with a CAGR of 7.8% over the next 5 years.
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