Pharmacy Automation Market Research Report - Global Forecast till 2027

Pharmacy Automation Market Segmentation by Product Type: Automated Medication Dispensing Systems, Automated Packaging and Labeling Systems, Automated Table-top Counters, Automated Storage and Retrieval Systems; End-User: Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies - Global Forecast to 2027

ID: MRFR/HC/7303-HCR | February 2021 | Region: Global | 90 Pages         

Table of Contents

1. REPORT PROLOGUE

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power of Suppliers

5.1.2. Bargaining Power of Buyers

5.1.3. Threat of New Entrants

5.1.4. Threat of Substitutes

5.1.5. Intensity of Rivalry

5.2. Value Chain Analysis 

6. GLOBAL PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE

6.1. Overview

6.2. Automated Medication Dispensing Systems

6.2.1. Centralized Automated Dispensing Systems

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.2. Decentralized Automated Dispensing Systems

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3. Automated Packaging and Labeling Systems

6.3.1. Automated Unit-Dose Packaging & Labeling Systems

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3.2. Automated Multidose Packaging & Labeling Systems

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4. Automated Table-top Counters

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.5. Automated Storage and Retrieval Systems

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.6. Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7. GLOBAL PHARMACY AUTOMATION MARKET, BY END USER

7.1. Overview

7.2. Inpatient Pharmacies

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3. Outpatient Pharmacies

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.4. Retail Pharmacies

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.5. Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8. GLOBAL PHARMACY AUTOMATION MARKET, BY REGION

8.1. Overview

8.2. Americas

8.2.1. North America

8.2.1.1. US

8.2.1.2. Canada

8.2.2. Latin America

8.3. Europe

8.3.1. Western Europe

8.3.1.1. Germany

8.3.1.2. France

8.3.1.3. Italy

8.3.1.4. Spain

8.3.1.5. UK

8.3.1.6. Rest of Western Europe

8.3.2. Eastern Europe

8.4. Asia-Pacific

8.4.1. Japan

8.4.2. China

8.4.3. India

8.4.4. Australia

8.4.5. South Korea

8.4.6. Rest of Asia-Pacific

8.5. Middle East & Africa

8.5.1. Middle East

8.5.2. Africa

9. COMPANY LANDSCAPE

9.1. Overview

9.2. Competitive Analysis

9.3. Market Share Analysis

9.4. Major Growth Strategy in the Global Pharmacy Automation Market

9.5. Competitive Benchmarking

9.6. Leading Players in terms of Number of Developments in the Global Pharmacy Automation Market

9.7. Key developments and Growth Strategies

9.7.1. New Product Launch/Service Deployment

9.7.2. Merger & acquisitions

9.7.3. Joint Ventures

9.8. Major Players Financial Matrix & Market Ratio

9.8.1. Sales & Operating Income 2020

9.8.2. Major Players R&D Expenditure 2020

9.9. Major Players Capital Market Ratio

10. COMPANY PROFILES

10.1. Capsa Healthcare

10.1.1. Company Overview

10.1.2. Product Overview

10.1.3. Financial Overview

10.1.4. Key Developments

10.1.5. SWOT Analysis

10.1.6. Key Strategies

10.2. Parata Systems

10.2.1. Company Overview

10.2.2. Product Overview

10.2.3. Financial Overview

10.2.4. Key Developments

10.2.5. SWOT Analysis

10.2.6. Key Strategies

10.3. Arxium Inc.

10.3.1. Company Overview

10.3.2. Product Overview

10.3.3. Financial Overview

10.3.4. Key Developments

10.3.5. SWOT Analysis

10.3.6. Key Strategies

10.4. Omnicell Inc.

10.4.1. Company Overview

10.4.2. Product Overview

10.4.3. Financial Overview

10.4.4. Key Developments

10.4.5. SWOT Analysis

10.4.6. Key Strategies

10.5. RxSafe, LLC

10.5.1. Company Overview

10.5.2. Product Overview

10.5.3. Financial Overview

10.5.4. Key Developments

10.5.5. SWOT Analysis

10.5.6. Key Strategies

10.6. Scriptpro LLC

10.6.1. Company Overview

10.6.2. Product Overview

10.6.3. Financial Overview

10.6.4. Key Developments

10.6.5. SWOT Analysis

10.6.6. Key Strategies

10.7. Becton, Dickinson, and Company

10.7.1. Company Overview

10.7.2. Product Overview

10.7.3. Financial Overview

10.7.4. Key Developments

10.7.5. SWOT Analysis

10.7.6. Key Strategies

10.8. Cerner Corporation

10.8.1. Company Overview

10.8.2. Product Overview

10.8.3. Financial Overview

10.8.4. Key Developments

10.8.5. SWOT Analysis

10.8.6. Key Strategies

10.9. KUKA AG

10.9.1. Company Overview

10.9.2. Product Overview

10.9.3. Financial Overview

10.9.4. Key Developments

10.9.5. SWOT Analysis

10.9.6. Key Strategies

10.10. Yuyama Co., Ltd

10.10.1. Company Overview

10.10.2. Product Overview

10.10.3. Financial Overview

10.10.4. Key Developments

10.10.5. SWOT Analysis

10.10.6. Key Strategies

10.11. Others

11. APPENDIX

11.1. References

11.2. Related Reports

NOTE:

This table of content is tentative and subject to change as the research progresses.

• In section 10, Each company will be profiled based on the Market Overview, Financials, Product Portfolio, Business Strategies, and Recent Developments parameters.

• Please note: The financial details of the company cannot be provided if the information is not available in the public domain and or from reliable sources. 

LIST OF TABLES

TABLE 1 GLOBAL PHARMACY AUTOMATION MARKET SYNOPSIS, 2020-2027

TABLE 2 GLOBAL PHARMACY AUTOMATION MARKET ESTIMATES & FORECAST, 2020-2027 (USD MILLION)

TABLE 3 GLOBAL PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 4 GLOBAL PHARMACY AUTOMATION MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 5 GLOBAL PHARMACY AUTOMATION MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 6 NORTH AMERICA: PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 7 NORTH AMERICA: PHARMACY AUTOMATION MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 8 US: PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 9 US: PHARMACY AUTOMATION MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 10 CANADA: PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 11 CANADA: PHARMACY AUTOMATION MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 12 LATIN AMERICA: PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 13 LATIN AMERICA: PHARMACY AUTOMATION MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 14 EUROPE: PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 15 EUROPE: PHARMACY AUTOMATION MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 16 WESTERN EUROPE: PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 17 WESTERN EUROPE: PHARMACY AUTOMATION MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 18 EASTERN EUROPE: PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 19 EASTERN EUROPE: PHARMACY AUTOMATION MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 20 ASIA-PACIFIC: PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 21 ASIA-PACIFIC: PHARMACY AUTOMATION MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 22 MIDDLE EAST & AFRICA: PHARMACY AUTOMATION MARKET, BY PRODUCT TYPE, 2020-2027 (USD MILLION)

TABLE 23 MIDDLE EAST & AFRICA: PHARMACY AUTOMATION MARKET, BY END USER, 2020-2027 (USD MILLION)


LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL PHARMACY AUTOMATION MARKET

FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL PHARMACY AUTOMATION MARKET

FIGURE 4 GLOBAL PHARMACY AUTOMATION MARKET SHARE, BY PRODUCT TYPE, 2020 (%)

FIGURE 5 GLOBAL PHARMACY AUTOMATION MARKET SHARE, BY END USER, 2020 (%)

FIGURE 6 GLOBAL PHARMACY AUTOMATION MARKET SHARE, BY REGION, 2020 (%)

FIGURE 7 AMERICAS: PHARMACY AUTOMATION MARKET SHARE BY REGION, 2020 (%)

FIGURE 7 NORTH AMERICA: PHARMACY AUTOMATION MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 8 EUROPE: PHARMACY AUTOMATION MARKET SHARE, BY REGION, 2020 (%)

FIGURE 9 WESTERN EUROPE: PHARMACY AUTOMATION MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 10 ASIA-PACIFIC: PHARMACY AUTOMATION MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 11 MIDDLE EAST & AFRICA: PHARMACY AUTOMATION MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 12 GLOBAL PHARMACY AUTOMATION MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

FIGURE 13 CAPSA HEALTHCARE.: KEY FINANCIALS

FIGURE 14 CAPSA HEALTHCARE: SEGMENTAL REVENUE

FIGURE 15 CAPSA HEALTHCARE: REGIONAL REVENUE

FIGURE 16 PARATA SYSTEMS: KEY FINANCIALS

FIGURE 17 PARATA SYSTEMS: SEGMENTAL REVENUE

FIGURE 18 PARATA SYSTEMS: REGIONAL REVENUE

FIGURE 19 ARXIUM INC.: KEY FINANCIALS

FIGURE 20 ARXIUM INC.: SEGMENTAL REVENUE

FIGURE 21 ARXIUM INC.: REGIONAL REVENUE

FIGURE 22 OMNICELL INC.: KEY FINANCIALS

FIGURE 23 OMNICELL INC.: SEGMENTAL REVENUE

FIGURE 24 OMNICELL INC.: REGIONAL REVENUE

FIGURE 25 RXSAFE, LLC: KEY FINANCIALS

FIGURE 26 RXSAFE, LLC: SEGMENTAL REVENUE

FIGURE 27 DEPLOYMENT: REGIONAL REVENUE

FIGURE 28 SCRIPTPRO LLC: KEY FINANCIALS

FIGURE 29 SCRIPTPRO LLC: SEGMENTAL REVENUE

FIGURE 30 SCRIPTPRO LLC: REGIONAL REVENUE

FIGURE 31 BECTON, DICKINSON, AND COMPANY: KEY FINANCIALS

FIGURE 32 BECTON, DICKINSON, AND COMPANY: SEGMENTAL REVENUE

FIGURE 33 BECTON, DICKINSON, AND COMPANY: REGIONAL REVENUE

FIGURE 34 CERNER CORPORATION: KEY FINANCIALS

FIGURE 35 CERNER CORPORATION: SEGMENTAL REVENUE

FIGURE 36 CERNER CORPORATION: REGIONAL REVENUE

FIGURE 37 KUKA AG: KEY FINANCIALS

FIGURE 38 KUKA AG: SEGMENTAL REVENUE

FIGURE 39 KUKA AG: REGIONAL REVENUE

FIGURE 40 YUYAMA CO., LTD: KEY FINANCIALS

FIGURE 41 YUYAMA CO., LTD: SEGMENTAL REVENUE

FIGURE 42 YUYAMA CO., LTD: REGIONAL REVENUE

Pharmacy Automation Market

Pharmacy automation includes automatic processes of handling and dispensing medications.

Segmentation

By Product Type Automated Medication Dispensing Systems Automated Packaging Labeling Systems Automated Table Top Counters Automated Storage Retrieval Systems
By End-User Inpatient Pharmacies Outpatient Pharmacies Retail Pharmacies

Key Players

  • Capsa Healthcare
  • Parata Systems
  • Arxium Inc.
  • Omnicell Inc.
  • RxSafe LLC
  • Scriptpro LLC

Drivers

  • Decentralization of pharmacies is providing favorable conditions for the growth of the market during the forecast period
  • Growing awareness and popularity regarding pharmacy automation
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Pharmacy Automation Market Outlook


Pharmacy Automation Market Size is expected to hold a value of USD 6820.73 Million by 2025 and is expected to register a growth of 8.60% between 2019 and 2025.


Pharmacy automation includes automatic processes of handling and dispensing medications. It also involves counting small objects, calculating and mixing powders and liquids for compounding, tracing, and updating customer records in the database along with inventory management. Growing need to minimize medication errors, technological advancements by market players, decentralization of pharmacies, and rising geriatric population are the key factors that are expected to drive the market growth. Moreover, the rising pharmaceutical industry in developing regions is expected to drive the growth of the market.


Pharmacy Automation Market Influencer


The increasing popularity of pharmacy automation products is expected to influence the growth of the Pharmacy Automation Market during the forecast period.


Market Drivers



  • Growing need to minimize medication errors is a key factor which is supporting the growth of the market. Medical errors are causing a significant impact on the quality of healthcare. According to the report published by World Health Organization (WHO), in 2017, the cost associated with medication errors has been estimated at USD 42 billion annually or almost 1% of total global health expenditure. Thus, Healthcare providers are concentrating on minimizing medical errors to reduce the cost and for improvement of quality of healthcare services.



  • Decentralization of pharmacies is providing favorable conditions for the growth of the market during the forecast period.



  • Rising geriatric population is responsible for increasing hospital admissions, thus responsible for a surge in demand for pharmaceutical products.



  • Growing awareness and popularity regarding pharmacy automation



  • Deeper penetration of pharmacy automation products in the developing markets


Market Restraints



  • Factors including poor order communication between the physician and pharmacist



  • Improper storage practices in pharmacies



  • Misunderstanding arising out of the use of similar labels


Pharmacy Automation Market Segmentation


By Product Type



  • Automated Medication Dispensing Systems: This segment is bifurcated into centralized, automated dispensing systems and decentralized automated dispensing systems. Automated medication dispensing systems segment is expected to dominate the pharmacy automation market by type owing to the improved inventory management, ideal utilization of space and advantages of automated medication dispensing systems over other systems.



  • Automated Packaging and Labeling Systems: Automated packaging and labeling systems segment are classified into automated unit-dose packaging & labeling systems, automated multidose packaging & labeling systems. It is the fastest-growing segment in the Pharmacy Automation Market.



  • Automated Table-top Counters: Automated tabletop counters are portable systems mainly used for counting and filling of tablets, capsules, soft gels, gel caps, lozenges, pills, and other solid oral dosage products in the container.



  • Automated Storage and Retrieval Systems: Automated storage and retrieval system are made up of various computer-controlled systems for automatically placing and retrieving loads from defined storage locations.



  • Others


By End-User



  • Inpatient Pharmacies: Inpatient pharmacy systems are used to provide services to the clinics, wards, and other hospital departments through the unit dose system supply. It is the largest segment in the Pharmacy Automation Market.



  • Outpatient Pharmacies: Outpatient pharmacies are responsible for the delivery of medication-related services to outpatients in the hospital premises, billing, medication reconciliation and dispensing of home care medications.



  • Retail Pharmacies: Retail pharmacy can be a supermarket pharmacy, an independent pharmacy, a chain pharmacy, or a mass merchandiser pharmacy. It is the fastest-growing segment in the global market.



  • Others


By Region



  • Americas: The largest regional market, attributed to the increasing adoption of new technologies in the healthcare sector, high expenditure on healthcare, an increasing number of hospitals and healthcare laboratories in the US. According to the data published by Definitive Healthcare's Hospitals and IDNs platform, there were more than 7,200 active hospitals present in the US in the year 2017. The rising number of hospitals is responsible for increasing demand for pharmacy automation systems; thus, it is providing favorable conditions for the growth of the market in the region.



  • Europe: The pharmacy automation market in Europe held the second-largest position in 2018 owing to the presence of a strong and well-established pharmaceutical industry and rising adoption of new technologies in the healthcare sector. Moreover, increasing chronic disorders is expected to support the growth of the market during the forecast period.



  • Asia-Pacific: The fastest-growing regional market. The growth of the pharmacy automation market in this region is owing to rising per capita disposable income, escalating demand for automation systems in the healthcare sector, and growing pharmaceutical industry in the region. According to the Indian Brand Equity Foundation (Ministry of Commerce & Industry, Government of India), Indian companies exported pharmaceuticals worth USD 17.27 billion from 2017 to 2018 which is expected to grow at a rate of 30% to reach USD 20 billion by 2020. The flourishing pharmaceutical industry is anticipated to provide favorable conditions for the growth of the market.



  • Middle East & Africa: The market is expected to show the lowest growth due to limited access to healthcare facilities and limited developments in the healthcare sector.


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



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 6820.73 Million
  CAGR   8.60% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type and
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Capsa Healthcare, Parata Systems, Arxium Inc., Omnicell Inc., RxSafe, LLC, Scriptpro LLC, Becton, Dickinson, and Company, Cerner Corporation, KUKA AG, Yuyama Co., Ltd
  Key Market Opportunities   The increasing popularity of pharmacy automation products is expected to influence the growth
  Key Market Drivers

  • Decentralization of pharmacies is providing favorable conditions for the growth of the market during the forecast period
  • Growing awareness and popularity regarding pharmacy automation
  • Deeper penetration of pharmacy automation products in the developing markets


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