1 Global Pharmacy Automation Market Size (Revenue) and CAGR (2024-2033)
Global Pharmacy Automation market generated revenue of USD 5477.11 Million in 2024 with a CAGR of 5.67% during 2024 to 2033.
The pharmacy automation market is currently showing a steady growth. With the increasing aging population across the globe and rising demand for efficiency and accuracy in healthcare, pharmacy automation technology is being used more and more widely. Especially in the areas of hospital pharmacy, outpatient pharmacy, and retail pharmacy, the application of automation systems not only improves the efficiency of drug distribution, but also reduces human errors and enhances patient safety. In addition, with the continuous development of information technology, the integration of pharmacy automation systems with electronic health records is also becoming increasingly tight, further driving the growth of the market. However, the market is also becoming increasingly competitive, and companies need to continue to innovate and improve the quality of their services in order to gain greater market share. The market is expected to continue to grow in the coming years.
Figure Global Pharmacy Automation Market Size (M USD) Outlook (2024-2033)
2 Pharmacy Automation Market Trends
Pharmacy Automation can help individuals or enterprises who want to learn foreign languages, grammar rules and improve their writing skills. The Pharmacy Automation allows users to avoid spelling, grammar and punctuation errors and project a more professional prose style and tone. The software can help users communicate with confidence through messaging, email, social media and chat platforms. Some Pharmacy Automation can be used through the Internet. This provides more flexibility than products that are only used in combination with word processors. The Pharmacy Automation provides various functions. For example, all errors are underlined, and a box pops up with suggestions for correction. Moreover, users can conduct writing review, check formal writing, and abide by language rules.
The growth of Pharmacy Automation market is driven by the downstream demand market. With the development of global economy, the population continues to increase. Growing market demand plays an active role in the expansion of Pharmacy Automation market. Higher product quality and more affordable products will be one of the future growth opportunities of this market. At the same time, the competition between companies may become more intense. This may become a factor hindering market growth.
3 Global Pharmacy Automation Market by Type in 2024
The global pharmacy automation market is a dynamic and growing sector, with various product types designed to enhance efficiency, accuracy, and safety in pharmaceutical operations. In 2024, the market was segmented into several key product types, each with its unique definition and market dynamics. These product types include Automated Medication Dispensing Systems, Automated Packaging and Labeling Systems, Automated Storage and Retrieval Systems, Automated Medication Compounding Systems, Automatic Tablet Counting Systems, and Others. Each of these product types plays a crucial role in the overall functioning and growth of the pharmacy automation market.
Automated Medication Dispensing Systems (AMDS) are designed to help doctors and pharmacists distribute medications safely and efficiently. These systems prevent medication errors by combining pharmacist judgment with drug dosage verification, National Drug Code (NDC) number checks, and assigned amount validations. In 2024, AMDS held the largest market share, reflecting their critical role in improving patient safety and operational efficiency in healthcare settings. The market value for AMDS in 2024 was $1,970.46 million, with a significant presence in hospitals and large healthcare facilities.
Automated Packaging and Labeling Systems (APLS) streamline the process of drug packaging and labeling, reducing costs and increasing efficiency. These systems are essential for managing inventory and ensuring compliance with regulatory standards. In 2024, APLS continued to be a significant segment of the market, with a market value of $1,161.02 million. The growth of APLS is driven by the need for efficient and error-free packaging processes in both inpatient and outpatient settings.
Automated Storage and Retrieval Systems (AS/RS) are warehouse automation technologies specifically designed to buffer, store, and retrieve products and inventory on demand. These systems optimize pharmacy operations by managing and retrieving stocks of medicines efficiently. In 2024, AS/RS contributed significantly to the market, with a market value of $1,076.09 million. The growth of AS/RS is attributed to the increasing demand for better inventory management and space optimization in pharmacies.
Automated Medication Compounding Systems (AMCS) help pharmacies reduce errors, outsourcing requirements, and cost per dose. These systems are particularly important for preparing complex medications and ensuring consistency in drug compounding. In 2024, AMCS experienced a notable growth rate, with a market value of $576.19 million. The rapid growth of AMCS indicates a growing demand for precise and efficient compounding solutions in pharmacies, driven by the need to reduce errors and improve patient outcomes.
Automatic Tablet Counting Systems (ATCS) provide stricter control over inventory without extensive supervision or calibration. These systems enable pharmacists to dispense medicines faster and more accurately, thereby reducing human errors and saving time. In 2024, ATCS maintained a steady market share, with a market value of $283.71 million. The growth of ATCS reflects the ongoing need for precision in medication counting and inventory management.
Automated Medication Dispensing Systems held the largest market share, reflecting their importance in improving patient safety and operational efficiency. Automated Medication Compounding Systems showed the fastest growth rate, indicating a growing demand for precise and efficient compounding solutions. The market is driven by the need for efficiency, accuracy, and safety in pharmaceutical operations, with each segment contributing to the overall growth and development of the industry.
Table Global Pharmacy Automation Market Size and Share by Type in 2024
Type | Market Size (M USD) | Market Share (%) |
|---|---|---|
Automated Medication Dispensing Systems | 1970.46 | 35.98% |
Automated Packaging and Labeling Systems | 1161.02 | 21.20% |
Automated Storage and Retrieval Systems | 1076.09 | 19.65% |
Automated Medication Compounding Systems | 576.19 | 10.52% |
Automatic Tablet Counting Systems | 283.71 | 5.18% |
Others | 409.63 | 7.48% |
Total | 5477.11 | 100.00% |
4 Global Pharmacy Automation Market by Application in 2024
The pharmacy automation market is a critical component of the healthcare industry, designed to enhance efficiency, accuracy, and safety in pharmaceutical operations. In 2024, the market was segmented into several key applications, each serving different needs within the healthcare sector. These applications include Inpatient Pharmacy, Outpatient Pharmacy, and Retail Pharmacy, each with its unique definition and market dynamics.
Inpatient Pharmacy refers to the use of automation technologies within hospital settings to improve patient outcomes and reduce hospital expenditures. Automation in inpatient pharmacies frees pharmacy staff from routine tasks, allowing them to focus on clinical and service-oriented operations. In 2024, Inpatient Pharmacy held a significant market share, reflecting the critical role of automation in enhancing hospital pharmacy efficiency and patient care. The market value for Inpatient Pharmacy in 2024 was $973.46 million. This growth is driven by the increasing demand for efficient and accurate medication management in hospital settings, where the stakes are high, and the need for error reduction is paramount.
Outpatient Pharmacy involves the automation of processes in outpatient settings, simplifying workflows and improving efficiency. Automated systems in outpatient pharmacies ensure safe storage and accurate retrieval of medications, optimize space, and enhance drug safety management. In 2024, Outpatient Pharmacy maintained a substantial market share, with a market value of $1,363.94 million. The growth rate indicating a growing recognition of the need for efficient and accurate medication distribution in outpatient environments. The increasing number of patients requiring long-term medication management and the need for streamlined processes in outpatient clinics are driving this growth.
Retail Pharmacy encompasses the use of automation in retail settings to optimize prescription workflows, improve patient communication, and automate repetitive tasks. Automation in retail pharmacies enhances patient care, improves customer satisfaction, and increases the profitability of prescription services. In 2024, Retail Pharmacy had the largest market share, with a market value of $2,741.67 million. The growth rate highlighting the widespread adoption of automation technologies in retail settings to improve customer service and operational efficiency. The growth is driven by the need to manage high volumes of prescriptions, reduce errors, and enhance the overall patient experience in retail pharmacy environments.
In conclusion, the pharmacy automation market in 2024 was characterized by a diverse range of applications, each with its unique challenges and opportunities. Retail Pharmacy held the largest market share, reflecting the widespread adoption of automation technologies to improve customer service and operational efficiency. Inpatient Pharmacy showed the fastest growth rate, indicating a growing demand for efficient and accurate medication management in hospital settings. The market is driven by the need for efficiency, accuracy, and safety in pharmaceutical operations, with each segment contributing to the overall growth and development of the industry.
Table Global Pharmacy Automation Market Size and Share by Application in 2024
Application | Market Size (M USD) | Market Share (%) |
|---|---|---|
Inpatient Pharmacy | 973.46 | 17.77% |
Outpatient Pharmacy | 1363.94 | 24.90% |
Retail Pharmacy | 2741.67 | 50.06% |
Other | 398.04 | 7.27% |
Total | 5477.11 | 100.00% |
5 Global Pharmacy Automation Market by Region in 2024
The global pharmacy automation market in 2024 was characterized by significant growth and dynamic regional dynamics. The market was segmented into several major regions, each with its unique market size and share. These regions include North America, Europe, Asia Pacific, Middle East and Africa, and South America.
North America has traditionally been a dominant player in the pharmacy automation market. In 2024, North America held the largest market share, with a revenue of $2,379.96 million. The region’s strong market position is attributed to its advanced healthcare infrastructure, high adoption of technology, and a large number of healthcare providers. The United States, in particular, has been at the forefront of innovation in pharmacy automation, with many leading companies based in the country. The growth in North America is driven by the need to improve efficiency and reduce errors in pharmaceutical operations, especially in large hospital settings and retail pharmacies.
Europe is another significant region in the pharmacy automation market. In 2024, Europe had a market revenue of $1,429.04 million. The region’s market is characterized by a high level of maturity and a strong focus on regulatory compliance. European countries have been early adopters of pharmacy automation technologies, driven by the need to optimize healthcare delivery and reduce costs. The growth in Europe is supported by ongoing investments in healthcare infrastructure and the increasing demand for efficient and safe medication management.
Asia Pacific is emerging as a fast-growing region in the pharmacy automation market. In 2024, the Asia Pacific region had a market revenue of $1,180.93 million. The region’s growth is driven by the increasing healthcare demands due to a growing population and the rising prevalence of chronic diseases. Countries like China and Japan are leading the way in adopting advanced pharmacy automation technologies to improve healthcare outcomes and manage the increasing workload in pharmacies. The region’s market is also benefiting from government investment in healthcare infrastructure and support for healthcare automation technology.
Middle East and Africa is a region with a growing market for pharmacy automation. In 2024, the region had a market revenue of $198.03 million. The growth in this region is driven by the need to improve healthcare services and the increasing demand for modern healthcare facilities. Countries in the Middle East are investing heavily in healthcare infrastructure, which is driving the adoption of pharmacy automation technologies. The region’s market is also supported by the growing awareness of the benefits of automation in improving patient safety and reducing errors.
South America is a region with a growing market for pharmacy automation. In 2024, the region had a market revenue of $289.15 million. The growth in South America is driven by the need to improve healthcare services and the increasing demand for efficient and safe medication management. Brazil, in particular, has been a significant market in the region, with many healthcare providers adopting automation technologies to improve their operations.
In terms of market share, North America had the largest share in 2024, accounting for 43.45% of the total market. This significant share reflects the region’s advanced healthcare infrastructure and high adoption of technology. Regarding growth rates, Asia Pacific showed the fastest growth rate, with a compound annual growth rate (CAGR) of 10.52% from 2024 to 2027. This rapid growth indicates a growing demand for pharmacy automation technologies in the region, driven by the increasing healthcare demands and the need to improve healthcare outcomes.
Table Global Pharmacy Automation Market Size, Region Wise in 2024
Region | Market Size (M USD) | Market Share (%) |
|---|---|---|
North America | 2379.96 | 43.45 |
Europe | 1429.04 | 26.09 |
Asia Pacific | 1180.93 | 21.56 |
South America | 289.15 | 5.28 |
Middle East & Africa | 198.03 | 3.61 |
Total | 5477.11 | 100 |
Figure Global Pharmacy Automation Revenue Market Share by Region in 2024
6 Global Pharmacy Automation Market Top 3 Players
BD (Becton, Dickinson and Company)
Company Introduction and Business Overview: BD is one of the largest global medical technology companies, advancing the world of health by improving medical discovery, diagnostics, and the delivery of care. The company supports healthcare providers by developing innovative technology, services, and solutions. BD has a presence in virtually every country and partners with organizations around the world to address challenging global health issues.
Products Offered: Automated Medication Dispensing Systems
Automated Packaging and Labeling Systems
Other related automation technologies
Revenue in 2021: In 2021, BD had a revenue of $745.20 million in the pharmacy automation market. The company’s strong market position is attributed to its extensive product portfolio and global reach. BD’s products are widely used in hospitals, clinics, and retail pharmacies, contributing to its significant market share.
Company Introduction and Business Overview: Amerisourcebergen Corporation is an American drug wholesale company formed by the merger of Bergen Brunswig and AmeriSource in 2001. The company provides drug distribution and consulting related to medical business operations and patient services. It distributes a range of brand name and generic pharmaceuticals, over-the-counter (OTC) health care products, and home health care supplies and equipment to healthcare providers throughout the United States.
Products Offered: Automated Medication Dispensing Systems
Automated Packaging and Labeling Systems
Other related automation technologies
Revenue in 2021: In 2021, Amerisourcebergen Corporation had a revenue of $593.23 million in the pharmacy automation market. The company’s market position is strengthened by its extensive distribution network and strong relationships with healthcare providers. Its products are designed to improve efficiency and reduce errors in pharmaceutical operations, making it a key player in the market.
Company Introduction and Business Overview: McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools. The company is based in Irving, Texas, and has a global presence. McKesson is known for its extensive network infrastructure and early adoption of technologies like bar-code scanning for distribution, pharmacy robotics, and RFID tags.
Products Offered: Automated Medication Dispensing Systems
Automated Packaging and Labeling Systems
Other related automation technologies
Revenue in 2021: In 2021, McKesson Corporation had a revenue of $454.59 million in the pharmacy automation market. The company’s market position is supported by its comprehensive product offerings and strong technological capabilities. McKesson’s products are widely used in healthcare settings, contributing to its significant market share.
Table Global Pharmacy Automation Revenue of Top3 Players in 2021
Company | Revenue (M USD) |
BD | 745.20 |
Amerisourcebergen Corporation | 593.23 |
McKesson Corporation | 454.59 |