Market Overview:
The global pharmacy automation equipment market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automation in pharmacies, rising number of geriatric population, and growing need for cost-effective and efficient pharmacy operations. Based on type, the global pharmacy automation equipment market is segmented into automatic drug dispensing equipment, automatic packaging and labeling equipment, automatic storage retrieval equipment, and others. Automatic drug dispensing equipment is further sub-segmented into unit dose medication dispensers and multi-dose medication cabinets/dispensers. Based on application, the global pharmacy automation equipments market is segmented into outpatient pharmacies, inpatient pharmacies,, retail pharmacies,,and others). Geographically,.the global Pharmacy Automation Equipment Marketis segmentedinto North America,, Latin America,, Europe., Asia Pacific.,and Middle East & Africa).
Product Definition:
Pharmacy automation equipment is a term used to describe the various technologies used in modern pharmacies to automate tasks. This can include technologies like barcode scanners, robotics, and computerized prescription processing systems. Pharmacy automation equipment is important because it can help pharmacies run more efficiently and accurately, which can lead to improved patient care.
Automatic Drug Dispensing Equipment:
Automatic drug dispensing equipment is used to dispense pre-filled syringes of liquid and solid drugs. It saves time, reduces errors and increases efficiency in the process. The global market for automatic drug dispensing equipment was valued at USD 1,37 billion in 2016 which is anticipated to grow at a CAGR of XX% over the forecast period.
Growing demand for self-service technology has resulted in increased adoption rate of automatic drug dispensers among pharmacies worldwide.
Automatic Packaging and Labeling Equipment:
The global Automatic Packaging and Labeling Equipment and its usage in Pharmacy Automation Equipment market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this market includes growing demand for efficient packaging lines in pharmaceutical industries. In addition, increasing demand for automation across various end-use industries such as food & beverage, personal care & cosmetics, and pharma drives the adoption of automatic packaging machinery further boosting up the market growth during coming seven years.
Application Insights:
In 2017, the outpatient pharmacy segment dominated the market with a share of over 60.0% and is expected to continue its dominance over the forecast period. Automation in outpatient pharmacies reduces labor cost and increases efficiency by automating simple tasks such as dispensing drugs, compounding prescriptions, and preparing medical records. Furthermore, increasing government initiatives to regulate pharmacists' working hours are anticipated to increase automation in this application segment.
The retail pharmacy segment is expected to grow at a significant rate during the forecast period owing to increased competition among drugstores for customer loyalty. Retail pharmacies have an advantage over other stores as they can compound medicines according these specific requirements of each patient which helps improve their competitive edge against brick-and-mortar or online retailers of pharmaceutical products/services offering compounded drugs or custom medications respectively.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of players coupled with high investments in R&D has resulted in North America maintaining its position as the largest regional market. Moreover, increasing healthcare expenditure and favorable reimbursement policies are also contributing to the growth of this region.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to rising demand for technologically advanced systems from countries such as China, India, South Korea and Japan. In addition, these countries have a large patient pool that requires proper record keeping which can be automated using pharmacy automation equipment thus resulting in an increased demand for these systems over hereinafter period.
Growth Factors:
- Increasing demand for automation in pharmacies to improve efficiency and accuracy
- Rising number of retail pharmacies and hospitals
- Growing need to reduce medication errors and improve patient safety
- Proliferation of pharmacy automation technologies and devices
- Increasing pressure on healthcare organizations to contain costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmacy Automation Equipment Market Research Report
By Type
Automatic Drug Dispensing Equipment, Automatic Packaging and Labeling Equipment, Automatic Storage Retrieval Equipment, Automatic Drug Dispensing Equipment, Others
By Application
Outpatient Pharmacy, Inpatient Pharmacy, Retail Pharmacy, Others
By Companies
BD, Omnicell, YUYAMA, Baxter International, Swisslog Healthcare, TOSHO, Takazono, Parata, ScriptPro, GENERAL HEALTHY, ARxIUM, Willach, IRON TECHNOLOGY, Beijing Red Maple Smart Control Technologies, HKC-med, LAOKEN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Pharmacy Automation Equipment Market Report Segments:
The global Pharmacy Automation Equipment market is segmented on the basis of:
Types
Automatic Drug Dispensing Equipment, Automatic Packaging and Labeling Equipment, Automatic Storage Retrieval Equipment, Automatic Drug Dispensing Equipment, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Outpatient Pharmacy, Inpatient Pharmacy, Retail Pharmacy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BD
- Omnicell
- YUYAMA
- Baxter International
- Swisslog Healthcare
- TOSHO
- Takazono
- Parata
- ScriptPro
- GENERAL HEALTHY
- ARxIUM
- Willach
- IRON TECHNOLOGY
- Beijing Red Maple Smart Control Technologies
- HKC-med
- LAOKEN
Highlights of The Pharmacy Automation Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automatic Drug Dispensing Equipment
- Automatic Packaging and Labeling Equipment
- Automatic Storage Retrieval Equipment
- Automatic Drug Dispensing Equipment
- Others
- By Application:
- Outpatient Pharmacy
- Inpatient Pharmacy
- Retail Pharmacy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pharmacy Automation Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pharmacy automation equipment is a type of technology that helps pharmacists and pharmacy technicians automate tasks in the pharmacy. This can include things like ordering and stocking medications, tracking inventory, and billing. Automation can also help pharmacists focus on more important tasks, such as providing patient care.
Some of the major players in the pharmacy automation equipment market are BD, Omnicell, YUYAMA, Baxter International, Swisslog Healthcare, TOSHO, Takazono, Parata, ScriptPro, GENERAL HEALTHY, ARxIUM, Willach, IRON TECHNOLOGY, Beijing Red Maple Smart Control Technologies, HKC-med, LAOKEN.
The pharmacy automation equipment market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pharmacy Automation Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pharmacy Automation Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pharmacy Automation Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pharmacy Automation Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pharmacy Automation Equipment Market Size & Forecast, 2020-2028
4.5.1 Pharmacy Automation Equipment Market Size and Y-o-Y Growth
4.5.2 Pharmacy Automation Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Automatic Drug Dispensing Equipment
5.2.2 Automatic Packaging and Labeling Equipment
5.2.3 Automatic Storage Retrieval Equipment
5.2.4 Automatic Drug Dispensing Equipment
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Outpatient Pharmacy
6.2.2 Inpatient Pharmacy
6.2.3 Retail Pharmacy
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pharmacy Automation Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pharmacy Automation Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Automatic Drug Dispensing Equipment
9.6.2 Automatic Packaging and Labeling Equipment
9.6.3 Automatic Storage Retrieval Equipment
9.6.4 Automatic Drug Dispensing Equipment
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Outpatient Pharmacy
9.10.2 Inpatient Pharmacy
9.10.3 Retail Pharmacy
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Automatic Drug Dispensing Equipment
10.6.2 Automatic Packaging and Labeling Equipment
10.6.3 Automatic Storage Retrieval Equipment
10.6.4 Automatic Drug Dispensing Equipment
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Outpatient Pharmacy
10.10.2 Inpatient Pharmacy
10.10.3 Retail Pharmacy
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Automatic Drug Dispensing Equipment
11.6.2 Automatic Packaging and Labeling Equipment
11.6.3 Automatic Storage Retrieval Equipment
11.6.4 Automatic Drug Dispensing Equipment
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Outpatient Pharmacy
11.10.2 Inpatient Pharmacy
11.10.3 Retail Pharmacy
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Automatic Drug Dispensing Equipment
12.6.2 Automatic Packaging and Labeling Equipment
12.6.3 Automatic Storage Retrieval Equipment
12.6.4 Automatic Drug Dispensing Equipment
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Outpatient Pharmacy
12.10.2 Inpatient Pharmacy
12.10.3 Retail Pharmacy
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Automatic Drug Dispensing Equipment
13.6.2 Automatic Packaging and Labeling Equipment
13.6.3 Automatic Storage Retrieval Equipment
13.6.4 Automatic Drug Dispensing Equipment
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Outpatient Pharmacy
13.10.2 Inpatient Pharmacy
13.10.3 Retail Pharmacy
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pharmacy Automation Equipment Market: Competitive Dashboard
14.2 Global Pharmacy Automation Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BD
14.3.2 Omnicell
14.3.3 YUYAMA
14.3.4 Baxter International
14.3.5 Swisslog Healthcare
14.3.6 TOSHO
14.3.7 Takazono
14.3.8 Parata
14.3.9 ScriptPro
14.3.10 GENERAL HEALTHY
14.3.11 ARxIUM
14.3.12 Willach
14.3.13 IRON TECHNOLOGY
14.3.14 Beijing Red Maple Smart Control Technologies
14.3.15 HKC-med
14.3.16 LAOKEN
