PUBLISHER: The Business Research Company | PRODUCT CODE: 1670836
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670836
Pharmacy automation solutions encompass the utilization of technology and automated systems to streamline diverse operations within a pharmacy environment. These solutions are designed to enhance efficiency, precision, and patient safety while reducing manual tasks and the likelihood of errors.
Key categories of pharmacy automation solutions include automated medication dispensing, automated packaging and labeling, automated storage and retrieval, and automated medication compounding, among others. Automated medication dispensing involves the use of automated systems or machines to distribute medications across various healthcare settings. These systems are employed in on-patient care units and secure drug storage as part of pharmacy automation solutions. They operate in fully automatic and semi-automatic modes, catering to needs in inpatient pharmacy, outpatient pharmacy, retail pharmacy, and similar settings.
The pharmacy automation solution services research report is one of a series of new reports from The Business Research Company that provides pharmacy automation solution market statistics, including the pharmacy automation solution industry's global market size, regional shares, competitors with an pharmacy automation solution market share, detailed pharmacy automation solution market segments, market trends and opportunities, and any further data you may need to thrive in the pharmacy automation solution industry. This pharmacy automation solution 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.
The pharmacy automation solution market size has grown strongly in recent years. It will grow from $7.76 billion in 2024 to $8.51 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increased prescription volume, medication error reduction, labor shortages in healthcare, regulatory compliance requirements, and patient demand for convenience
The pharmacy automation solution market size is expected to see rapid growth in the next few years. It will grow to $13.82 billion in 2029 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to telehealth and remote pharmacy services, integration with electronic health records (EHRs), advanced medication management, pharmacy workload optimization, and global healthcare trends. Major trends in the forecast period include inventory management solutions, patient-centric approaches, regulatory compliance, data analytics and reporting, and interoperability with electronic health records (EHR).
The pharmacy automation solution market is poised for growth, driven by the increasing demand for pharmaceuticals. Pharmaceuticals, encompassing drugs and medications used for disease prevention, diagnosis, treatment, or cure, rely on pharmacy automation solutions for various manufacturing processes such as drug delivery systems, tablet compression and coating, and liquid dosing. Notably, in June 2023, the European Federation of Pharmaceutical Industries and Associations (EFPIA) reported that the total pharmaceutical production in Europe reached $384,200 million (€340,000 million) in 2022, indicating a growth of approximately 4.95% from $366,267 million (€323,950 million) in 2021. This surge in pharmaceutical demand serves as a catalyst for the expansion of the pharmacy automation solution market.
The pharmacy automation solution market is set to benefit from the growing adoption of healthcare information technology (IT). Healthcare IT adoption involves integrating and utilizing information technology solutions in the healthcare sector. The integration of pharmacy automation with electronic health records and healthcare IT enhances workflow efficiency, reduces errors, supports medication adherence, enables data analytics, facilitates telehealth, ensures compliance, promotes interoperability, streamlines efficiency, and enhances the overall patient experience. In January 2022, a report from the Healthcare Information and Management Systems Society (HIMSS), a US-based not-for-profit organization, indicated that a significant 80% of healthcare providers had plans to increase their investments in technology and digital solutions over the next five years. This growing adoption of healthcare IT is expected to drive the pharmacy automation solution market.
A prominent trend in the pharmacy automation solution market is the emphasis on product innovations by major industry players. Companies in this market are dedicated to developing innovative products to maintain their competitive positions. For example, in March 2022, Deenova Srl, an Italy-based pharmacy automation solutions company, introduced the EAHP D3 innovative addition product for pharmacy automation solutions. The solutions include AIDE-Cut, AIDE-Pack, and AIDE-Pick. AIDE-Cut is a mechatronic system for packing oral solid pharmaceuticals in unit doses, while AIDE-Pack is used to repackage all pharmaceutical types in unit dose format. The solutions utilize a data matrix code that summarizes essential drug properties, including batch and expiration dates, unique serialization numbers, and medication codes, ensuring accurate identification of each unit dose. The Deenova D3 series solution AIDE-Pick is specifically designed for centralized therapy preparation in sub-acute and multi-site healthcare facilities, marking a significant advancement in pharmacy automation solutions.
Major companies in the pharmacy automation solution market are focusing on developing advanced integrated solutions, including a new suite of enterprise solutions aimed at enhancing workflow efficiency and improving patient safety in medication management. This suite incorporates advanced technologies to enable real-time tracking, reduce errors, and optimize patient care within pharmacy operations. For instance, in October 2024, Alto Technologies Inc., a US-based software solutions and consulting company, launched a new Pharmacy Technology Platform designed to significantly optimize Hub and Dispensing Solutions. Alto Technologies combines pharmacist expertise with automation and AI to enhance efficiency throughout the pharmacy value chain, providing configurable solutions like the Alto Complete(TM) platform. By automating manual processes, Alto's technology improves patient experience, medication access, and adherence while delivering faster prescription processing and real-time data insights. CEO Alicia Boler Davis highlights that these innovative solutions strengthen connections between providers, payers, patients, and medicine, enabling scalable improvements in healthcare delivery.
In July 2022, Becton, Dickinson and Company (BD), a prominent US-based medical technologies company, strategically acquired Parata Systems LLC for an undisclosed amount. This acquisition aligns with BD's transformative solutions strategy, providing an expanding network of pharmacies access to a portfolio of cutting-edge pharmacy automation solutions. These solutions are designed to lower costs, improve patient safety, and enhance the overall patient experience across retail, hospital, and long-term care pharmacies. Parata Systems LLC, a US-based pharmacy automation solutions company, contributes to BD's comprehensive offerings in the pharmacy automation sector, strengthening their position in the market.
Major companies operating in the pharmacy automation solution market include McKesson Corporation, AmerisourceBergen Corporation, Cerner Corporation, MedAvail Technologies Inc., Baxter International Inc., Grifols Shared Services North America Inc., KUKA AG, Omnicell Inc., Swisslog Holding AG, Pearson Medical Technologies UK, Parata Systems LLC, TOSHO Co. Inc., ScriptPro LLC, ABX Engineering Inc., Innovation Associates Inc., Mediware Information Systems Inc., ARxIUM, Capsa Solutions LLC, Kirby Lester LLC, MEPS Real-Time Inc., RxSafe LLC, ForHealth Technologies Inc., Medacist Solutions Group, Yuyama Inc., Talis Clinical LLC, Willach Group.
Asia-Pacific was the largest region in the pharmacy automation solution market in 2024. The regions covered in the pharmacy automation solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the pharmacy automation solution market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The pharmacy automation solutions market includes revenues earned by entities by providing products robotic prescription dispensing systems, inventory management system, and prescription verification systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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.
Pharmacy Automation Solution Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pharmacy automation solution market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pharmacy automation solution ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pharmacy automation solution market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.