Pharmacy Automation Devices Global Market Report 2024

Global Pharmacy Automation Devices Market Report 2024

Pharmacy Automation Devices Global Market Report 2024 – By Product( Medication Dispensing Systems, Packaging And Labeling Systems, Storage And Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters), By End-User( Retail Pharmacy, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations and Mail-Order Pharmacies) – Market Size, Trends, And Global Forecast 2024-2033

Name: Pharmacy Automation Devices Global Market Report 2024
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Pharmacy Automation Devices Global Market Report 2024

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Pharmacy Automation Devices Market Definition

The main types of products in pharmacy automation devices are medication dispensing systems, packaging and labeling systems, storage and retrieval systems, automated medication compounding systems, and tabletop tablet counters. Medication Dispensing Systems is used to assist physician practices and other clinical settings in providing safe dispensing to as many patients at the point of service as possible. The end users involved are retail pharmacies, inpatient pharmacies, outpatient pharmacies, pharmacy benefit management organizations, and mail-order pharmacies.

Pharmacy Automation Devices Market Segmentation

The pharmacy automation devices market covered in this report is segmented –

1) By Product: Medication Dispensing Systems, Packaging And Labeling Systems, Storage And Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters

2) By End-User: Retail Pharmacy, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations and Mail-Order Pharmacies

Global Pharmacy Automation Devices Market Size 2023 to 2028: Graph

Pharmacy Automation Devices Market Size 2024 And Growth Rate

The pharmacy automation devices market size has grown rapidly in recent years. It will grow from $5.5 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increasing prescription volume, demand for error reduction, pressure to improve operational efficiency, regulatory compliance requirements, pharmacy workforce shortages, patient demand for quick service, inventory management challenges.

Pharmacy Automation Devices Market Growth Forecast

The pharmacy automation devices market size is expected to see rapid growth in the next few years. It will grow to $9.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to globalization of pharmacy services, pharmacy workflow optimization, growing emphasis on preventive care, patient-centric medication management, focus on sustainable practices, expansion of telemedicine services. Major trends in the forecast period include adoption of robotics and automation, centralized automated dispensing systems (cads), integration of artificial intelligence (ai), telepharmacy services, medication verification technologies, automated prescription filling machines.

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Pharmacy Automation Devices Market Driver: Rising Medicine Waste Drives Pharmacy Automation Devices Market Growth

The rising medicine wastage is expected to propel the growth of the pharmacy automation devices market going forward. Medicine waste is defined as undesired medications such as expired, unused, spilled, and contaminated pharmaceutical items, pills, vaccines, and sera that are no longer needed and must be disposed of properly. Automated dispensing machines enable physicians to treat critically ill patients more efficiently by offering convenient access to medications for emergencies during and after pharmacy hours without producing any medicine wastage. Therefore, pharmacies are adopting automated devices to reduce their waste, which increases demand for the market. For instance, in October 2021, according to the report published by the National Library of Medicine, a US-based library of medicine, pharmaceutical supplies were the most wasteful class of medications, accounting for 37.1% of total waste. The highest class of pharmaceutical dosage form was tablet and injection, with overall wastage rates of 20.78% and 16.49%, respectively. The overall pharmaceutical wastage rate was 3.68%, amounting to USD 159,762.66 and the main cause of wastage (92.05%) was expiry. The rate of pharmaceutical waste in health centers was nearly twice that of hospitals. Therefore, the rising medicine wastage is driving the demand for the pharmacy automation devices market.

Pharmacy Automation Devices Market Driver: Growing Geriatric Population Fuels Pharmacy Automation Device Market Expansion

The increase in the geriatric population is expected to boost the growth of the pharmacy automation device market going forward. The geriatric population refers to the percentage of people 65 and older to those between the ages of 18 and 64 who are employed. The growing elderly population drives the demand for pharmacy automation devices as a means to enhance medication management, safety, and adherence for older adults, ensuring they receive the care they need while maintaining their quality of life. For instance, in October 2022, according to a report published by the World Health Organization (WHO), a Switzerland-based agency responsible for international public health, one in six people is expected to be 60 or older by the year 2030, in the entire world. By 2050, there will be 2.1 billion people worldwide who are 60 years old or older. The number of persons who are 80 years of age or older will increase by 426 million between 2020 and 2050 compared to the current population. Therefore, the increase in the geriatric population is driving the growth of the pharmacy automation device market.

Global Pharmacy Automation Devices Market Major Players

Major companies operating in the pharmacy automation devices market report are Omnicell Inc., McKesson Corporation, Baxter International Inc., Becton Dickinson & Company, Cerner Corporation, ARxIUM Inc., Capsa Healthcare, ScriptPro LLC, Deenova SRL, Swisslog Healthcare, RxSafe LLC, Yuyama Co Ltd., Accu Chart Plus Healthcare Systems Inc., Amerisource Bergen Corp, Talyst LLC, Medacist Solutions Group LLC, Kirby Lester, TouchPoint Medical, Kuka AG, Danaher Corporation, Lonza Group., Parata Systems LLC, Aesynt Incorporated, Innovation PharmaAssist Robotics Pvt Ltd., ForHealth Technologies, Health Robotics Srl, Pearson Medical Technologies LLC, R/X Automation Solutions Inc., Talon Innovations Corporation, Tension Packaging & Automation

Global Pharmacy Automation Devices Market Trend: Pharmacy Automation Devices Market Embraces Product Innovation For Enhanced Efficiency

Product innovation is the key trend gaining popularity in the pharmacy automation devices market. Major companies operating in the pharmacy automation devices market are focused on developing new and innovative solutions to meet customer demand. For instance, in August 2021, Innovative Associates, a US-based software-enabled pharmacy automation devices firm, launched smartPod and iA Therapy Management Solutions to Diminish Prescription Filling Process Inefficiencies. SmartPod is an iA next-generation robot that provides revolutionary scale in a central fill pharmacy setting. SmartPod is an innovative autofill device with built-in modularity that enables pharmacy providers to change and scale their centralized fulfillment solutions to match demand. iA provides a treatment management solution for pharmacy providers looking for alternatives to the traditional bottle or vial dispensing methods using the BD RowaTM Pouch Packaging Solution. Using iA's intelligent pharmacy operations software, Innovative Associates aims to design a patient's prescriptions in easy-to-open adherence pouch packs. This service can be centralized in a single fulfillment location.

Global Pharmacy Automation Devices Market Trend: Innovative Mechatronics Solutions Transforming The Market

Major companies operating in the pharmacy automation devices market are developing innovative products, such as mechatronics (robotic and automation) solutions for closed-loop medications, to meet larger customer bases, more sales, and increase revenue. Mechatronics solutions for closed-loop medications refer to the integration of mechanical, electronic, and software technologies in a unified system to automate and manage various aspects of medication delivery and administration. For instance, in March 2022, Deenova, a US-based provider of robotic and automation solutions, launched a new product line including AIDE-Cut, AIDE-Pick, and AIDE-Pack. Deenova's latest product line, comprising AIDE-Cut, AIDE-Pack, and AIDE-Pick, represents a range of advanced modular mechatronic solutions designed for the repackaging of various medications into unit doses. These solutions stand out for their versatility, offering a multitude of configurations that cater to specific needs, including options for mono or multi-reference, different blister formats, and various methods of collecting the prepared unit doses. AIDE-Pack, in particular, distinguishes itself by providing comprehensive repackaging solutions for all medication types, both oral and non-oral, ensuring each unit dose is uniquely identified with a Datamatrix code containing essential medication details. Meanwhile, AIDE-Pick, a part of the Deenova D3 series, is tailored to meet the demands of centralized therapy preparation in sub-acute and multi-site healthcare facilities. This product line collectively presents a unique and comprehensive solution for medication repackaging needs.

Pharmacy Automation Devices Market Merger And Acquisition: Becton, Dickinson, And Company Acquired Parata Systems

In June 2022, Becton, Dickinson, and Company, a US-based medical technology company, acquired Parata Systems for $1.5 billion. With this acquisition, Becton Dickinson aims to expand by introducing cutting-edge technology into more locations across the gamut of healthcare. Becton Dickinson would pay cash to acquire Parata with the commercialization of robotic systems that sort and package pills, automating much of the repetitious and manual job of pharmacists. Parata Systems is a US-based maker of robotics technologies that automate pharmacy tasks, it also offers the most comprehensive pharmacy automation portfolio.

Regional Outlook For The Global Pharmacy Automation Devices Market

North America was the largest region in the pharmacy automation devices market in 2023. The regions covered in the pharmacy automation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the pharmacy automation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The pharmacy automation devices market consists of sales of automated pharmacy prescription dispensing systems, and compounding systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The pharmacy automation devices market research report is one of a series of new reports from The Business Research Company that provides pharmacy automation devices market statistics, including pharmacy automation devices industry global market size, regional shares, competitors with pharmacy automation devices market share, detailed pharmacy automation devices market segments, market trends, and opportunities, and any further data you may need to thrive in the pharmacy automation devices industry. This pharmacy automation devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Pharmacy Automation Devices Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$6.11 billion
Revenue Forecast In 2033	$9.15 billion
Growth Rate	CAGR of 10.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Product: Medication Dispensing Systems, Packaging And Labeling Systems, Storage And Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters 2) By End-User: Retail Pharmacy, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Omnicell Inc.; McKesson Corporation; Baxter International Inc.; Becton Dickinson & Company; Cerner Corporation; ARxIUM Inc.; Capsa Healthcare; ScriptPro LLC; Deenova SRL; Swisslog Healthcare; RxSafe LLC; Yuyama Co Ltd.; Accu Chart Plus Healthcare Systems Inc.; Amerisource Bergen Corp; Talyst LLC; Medacist Solutions Group LLC; Kirby Lester; TouchPoint Medical; Kuka AG; Danaher Corporation; Lonza Group.; Parata Systems LLC; Aesynt Incorporated; Innovation PharmaAssist Robotics Pvt Ltd.; ForHealth Technologies; Health Robotics Srl; Pearson Medical Technologies LLC; R/X Automation Solutions Inc.; Talon Innovations Corporation; Tension Packaging & Automation
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Pharmacy Automation Devices Market Characteristics

3. Pharmacy Automation Devices Market Trends And Strategies

4. Pharmacy Automation Devices Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Pharmacy Automation Devices Market Size and Growth

5.1. Global Pharmacy Automation Devices Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Pharmacy Automation Devices Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Pharmacy Automation Devices Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Pharmacy Automation Devices Market Segmentation

6.1. Global Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Medication Dispensing Systems

Packaging And Labeling Systems

Storage And Retrieval Systems

Automated Medication Compounding Systems

Tabletop Tablet Counters

6.2. Global Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Retail Pharmacy

Inpatient Pharmacies

Outpatient Pharmacies

Pharmacy Benefit Management Organizations and Mail-Order Pharmacies

7. Pharmacy Automation Devices Market Regional And Country Analysis

7.1. Global Pharmacy Automation Devices Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Pharmacy Automation Devices Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Pharmacy Automation Devices Market

8.1. Asia-Pacific Pharmacy Automation Devices Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Pharmacy Automation Devices Market

9.1. China Pharmacy Automation Devices Market Overview

9.2. China Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Pharmacy Automation Devices Market

10.1. India Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Pharmacy Automation Devices Market

11.1. Japan Pharmacy Automation Devices Market Overview

11.2. Japan Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Pharmacy Automation Devices Market

12.1. Australia Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Pharmacy Automation Devices Market

13.1. Indonesia Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Pharmacy Automation Devices Market

14.1. South Korea Pharmacy Automation Devices Market Overview

14.2. South Korea Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Pharmacy Automation Devices Market

15.1. Western Europe Pharmacy Automation Devices Market Overview

15.2. Western Europe Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Pharmacy Automation Devices Market

16.1. UK Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Pharmacy Automation Devices Market

17.1. Germany Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Pharmacy Automation Devices Market

18.4. France Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.5. France Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Pharmacy Automation Devices Market

19.7. Italy Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.8. Italy Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Pharmacy Automation Devices Market

20.10. Spain Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.11. Spain Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Pharmacy Automation Devices Market

21.1. Eastern Europe Pharmacy Automation Devices Market Overview

21.2. Eastern Europe Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Pharmacy Automation Devices Market

22.1. Russia Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Pharmacy Automation Devices Market

23.1. North America Pharmacy Automation Devices Market Overview

23.2. North America Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Pharmacy Automation Devices Market

24.1. USA Pharmacy Automation Devices Market Overview

24.2. USA Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Pharmacy Automation Devices Market

25.1. Canada Pharmacy Automation Devices Market Overview

25.2. Canada Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Pharmacy Automation Devices Market

26.1. South America Pharmacy Automation Devices Market Overview

26.2. South America Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Pharmacy Automation Devices Market

27.1. Brazil Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Pharmacy Automation Devices Market

28.1. Middle East Pharmacy Automation Devices Market Overview

28.2. Middle East Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Pharmacy Automation Devices Market

29.1. Africa Pharmacy Automation Devices Market Overview

29.2. Africa Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Pharmacy Automation Devices Market Competitive Landscape And Company Profiles

30.1. Pharmacy Automation Devices Market Competitive Landscape

30.2. Pharmacy Automation Devices Market Company Profiles

30.2.1. Omnicell Inc.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. McKesson Corporation

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Baxter International Inc.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Becton Dickinson & Company

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Cerner Corporation

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global Pharmacy Automation Devices Market Competitive Benchmarking

32. Global Pharmacy Automation Devices Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Pharmacy Automation Devices Market

34. Pharmacy Automation Devices Market Future Outlook and Potential Analysis

34.1 Pharmacy Automation Devices Market In 2028 - Countries Offering Most New Opportunities

34.2 Pharmacy Automation Devices Market In 2028 - Segments Offering Most New Opportunities

34.3 Pharmacy Automation Devices Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Pharmacy Automation Devices Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Pharmacy Automation Devices Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Asia-Pacific, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: China, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: China, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: India, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: India, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: Japan, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: Japan, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: Australia, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: Australia, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Indonesia, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Indonesia, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: South Korea, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: South Korea, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Western Europe, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Western Europe, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: UK, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: UK, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Germany, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Germany, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: France, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: France, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Italy, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Italy, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Spain, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Spain, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Eastern Europe, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: Eastern Europe, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Russia, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Russia, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: North America, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: North America, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: USA, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: USA, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Canada, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Canada, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: South America, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: South America, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Brazil, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Brazil, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Middle East, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Middle East, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Africa, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Africa, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Omnicell Inc. Financial Performance

Table 52: McKesson Corporation Financial Performance

Table 53: Baxter International Inc. Financial Performance

Table 54: Becton Dickinson & Company Financial Performance

Table 55: Cerner Corporation Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Pharmacy Automation Devices Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Pharmacy Automation Devices Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Asia-Pacific, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: China, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: China, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: India, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: India, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: Japan, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: Japan, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: Australia, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: Australia, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Indonesia, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Indonesia, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: South Korea, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: South Korea, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Western Europe, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Western Europe, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: UK, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: UK, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Germany, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Germany, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: France, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: France, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Italy, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Italy, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Spain, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Spain, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Eastern Europe, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: Eastern Europe, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Russia, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Russia, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: North America, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: North America, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: USA, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: USA, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Canada, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Canada, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: South America, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: South America, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Brazil, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Brazil, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Middle East, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Middle East, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Africa, Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Africa, Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Omnicell Inc. Financial Performance

Figure 52: McKesson Corporation Financial Performance

Figure 53: Baxter International Inc. Financial Performance

Figure 54: Becton Dickinson & Company Financial Performance

Figure 55: Cerner Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the pharmacy automation devices market?

Pharmacy automation devices automate the distribution, sorting, packaging, and counting of prescription medications, which are used to minimize the possibility of errors and increase direct patient care. For further insights on the pharmacy automation devices market, request a sample here

How will the pharmacy automation devices market drivers and restraints affect the pharmacy automation devices market dynamics? What forces will shape the pharmacy automation devices industry going forward?

The pharmacy automation devices market major growth driver - rising medicine waste drives pharmacy automation devices market growth. For further insights on the pharmacy automation devices market, request a sample here

What is the forecast market size or the forecast market value of the pharmacy automation devices market ?

The pharmacy automation devices market size has grown rapidly in recent years. It will grow from $5.5 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increasing prescription volume, demand for error reduction, pressure to improve operational efficiency, regulatory compliance requirements, pharmacy workforce shortages, patient demand for quick service, inventory management challenges. The pharmacy automation devices market size is expected to see rapid growth in the next few years. It will grow to $9.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to globalization of pharmacy services, pharmacy workflow optimization, growing emphasis on preventive care, patient-centric medication management, focus on sustainable practices, expansion of telemedicine services. Major trends in the forecast period include adoption of robotics and automation, centralized automated dispensing systems (cads), integration of artificial intelligence (ai), telepharmacy services, medication verification technologies, automated prescription filling machines. For further insights on the pharmacy automation devices market, request a sample here

How is the pharmacy automation devices market segmented?

The pharmacy automation devices market is segmentedThe pharmacy automation devices market covered in this report is segmented –
1) By Product: Medication Dispensing Systems, Packaging And Labeling Systems, Storage And Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters
2) By End-User: Retail Pharmacy, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations and Mail-Order PharmaciesFor further insights on the pharmacy automation devices market, request a sample here

Which region has the largest share of the pharmacy automation devices market? What are the other regions covered in the report?

North America was the largest region in the pharmacy automation devices market in 2023. The regions covered in the pharmacy automation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the pharmacy automation devices market, request a sample here.

Who are the major players in the pharmacy automation devices market?

What are the key trends in the pharmacy automation devices market?

Major trend in the pharmacy automation devices market - pharmacy automation devices market embraces product innovation for enhanced efficiency. For further insights on the pharmacy automation devices market, request a sample here.

What are the major opportunities in the pharmacy automation devices market? What are the strategies for the pharmacy automation devices market?

For detailed insights on the major opportunities and strategies in the pharmacy automation devices market, request a sample here.

How does the pharmacy automation devices market relate to the overall economy and other similar markets?

For detailed insights on pharmacy automation devices market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the pharmacy automation devices industry?

For detailed insights on the mergers and acquisitions in the pharmacy automation devices industry, request a sample here.

What are the key dynamics influencing the pharmacy automation devices market growth? SWOT analysis of the pharmacy automation devices market.

For detailed insights on the key dynamics influencing the pharmacy automation devices market growth and SWOT analysis of the pharmacy automation devices industry, request a sample here.