Market by Technology, Industry Verticals, and Geography | Forecast 2022-2028
Triton’s detailed analysis of the global pharmacy automation equipment market shows that, in terms of revenue, the market is projected to grow at a CAGR of 7.83% during the estimating years 2022-2028. In 2021, the market gained $5128.3 million, and estimates suggest the market to attain $8712.6 million by 2028.
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Pharmacy
automation encompasses decentralized, centralized, or automated labeling,
packing, dispensing, and other systems. They help in reducing dispensing errors
while improving the workflow efficiency of pharmacies and hospital nursing
staff.
The COVID-19
outbreak stimulated the demand for pharmacy automation and impacted the global
demand for medications and drug supplies. The market has been positively
impacted due to the surging infection rate from the healthcare workforces to
the patients, augmenting demand for medications worldwide. Moreover, there has
been a move from centralized to decentralized medication dispensing systems as
they are more economical and efficient. The drug-use evaluation, in-service
education, and management of adverse drug reactions can help clinical
pharmacists to improve morbidity and mortality-related outcomes for patients.
Triton’s study
aims to get an overview of the pharmacy automation equipment market in terms of
various factors. Within this report, the key insight and the market definition
have been discussed. Also, industry components like the impact of COVID-19 on
the market, vendor scorecard, market attractiveness index, Porter’s five forces
model, and key strategic developments have been studied in detail.
Market drivers
like the growing preference for decentralized pharmacy services and pharmacy
automation rationalizing operations drive the growth of the pharmacy automation
equipment market. However, restraints like lack of financial support,
reluctance to adopt pharmacy automation systems, and complexity in operating
automated dispensing systems obstruct the market’s growth.
The pharmacy automation equipment market can leverage key opportunities like surging demand for specialty drugs and technological advancements to reach its projected growth.
Major geographies covered in the pharmacy
automation equipment market are:
• North America: Canada and United
States
• Europe: Germany, United Kingdom,
Italy, Russia, Spain, France, and Rest of Europe
• Asia-Pacific: Japan, China, South
Korea, India, ASEAN countries, New Zealand & Australia, and Rest of
Asia-Pacific
• Latin America: Brazil, Mexico, and
Rest of Latin America
• Middle East and Africa: Turkey, South
Africa, United Arab Emirates, Saudi Arabia, and Rest of Middle East &
Africa
The pharmacy automation equipment market is
segmented into technology and industry verticals:
• Market by Technology:
o Automated
Medication Dispensing System
o Automated
Packaging and Labeling System
o Automated
Table-top Counter
o Automated
Storage and Retrieval System
o Other
Technologies
• Market by Industry Verticals:
o Retail
Pharmacy
o Hospital
Pharmacy
o Other
Industry Verticals
The key players
engaged in the pharmacy automation equipment market are Becton Dickinson and
Company, Parata Systems LLC, Avery Weigh Tronix, Accu Chart Plus Healthcare
System Inc, Perceptimed Inc, Alixarx, Arxium Inc, Amerisourcebergen, Newicon
Oy, Capsa Healthcare LLC, Pearson Medical Technologies, Baxter International
Inc, Cerner Corporation, McKesson Corporation, Omnicell Inc, Scriptpro LLC,
Swisslog Holdings AG.
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VIEW REPORT1. GLOBAL
PHARMACY AUTOMATION EQUIPMENT MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON PHARMACY AUTOMATION EQUIPMENT MARKET
2.2. KEY
INSIGHTS
2.3. PORTER’S
FIVE FORCES MODEL
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE PRODUCTS
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. COMPETITIVE
RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
STRATEGIC DEVELOPMENTS
2.6.1. CONTRACTS
AND PARTNERSHIPS
2.6.2. BUSINESS
EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
2.6.3. ACQUISITIONS
& MERGERS
2.6.4. NEW
PRODUCT LAUNCHES & DEVELOPMENTS
2.7. MARKET
DRIVERS
2.7.1. GROWING
PREFERENCE FOR DECENTRALIZED PHARMACY SERVICES
2.7.2. PHARMACY
AUTOMATION RATIONALIZING OPERATIONS
2.8. MARKET
CHALLENGES
2.8.1. LACK
OF FINANCIAL SUPPORT AND RELUCTANCE IN ADOPTING PHARMACY AUTOMATION SYSTEMS
2.8.2. COMPLEXITY
IN OPERATING AUTOMATED DISPENSING SYSTEMS
2.9. MARKET
OPPORTUNITIES
2.9.1. SURGING
DEMAND FOR SPECIALTY DRUGS
2.9.2. TECHNOLOGICAL
ADVANCEMENTS
3. GLOBAL
PHARMACY AUTOMATION EQUIPMENT MARKET - BY TECHNOLOGY
3.1. AUTOMATED
MEDICATION DISPENSING SYSTEM
3.2. AUTOMATED
PACKAGING AND LABELING SYSTEM
3.3. AUTOMATED
TABLE-TOP COUNTER
3.4. AUTOMATED
STORAGE AND RETRIEVAL SYSTEM
3.5. OTHER
TECHNOLOGIES
4. GLOBAL
PHARMACY AUTOMATION EQUIPMENT MARKET - BY INDUSTRY VERTICALS
4.1. RETAIL
PHARMACY
4.2. HOSPITAL
PHARMACY
4.3. OTHER
INDUSTRY VERTICALS
5. GLOBAL
PHARMACY AUTOMATION EQUIPMENT MARKET – REGIONAL OUTLOOK
5.1. NORTH
AMERICA
5.1.1. MARKET
BY TECHNOLOGY
5.1.2. MARKET
BY INDUSTRY VERTICALS
5.1.3. COUNTRY
ANALYSIS
5.1.3.1. UNITED
STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET
BY TECHNOLOGY
5.2.2. MARKET
BY INDUSTRY VERTICALS
5.2.3. COUNTRY
ANALYSIS
5.2.3.1. GERMANY
5.2.3.2. FRANCE
5.2.3.3. UNITED
KINGDOM
5.2.3.4. ITALY
5.2.3.5. RUSSIA
5.2.3.6. SPAIN
5.2.3.7. REST
OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET
BY TECHNOLOGY
5.3.2. MARKET
BY INDUSTRY VERTICALS
5.3.3. COUNTRY
ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. AUSTRALIA
& NEW ZEALAND
5.3.3.5. SOUTH
KOREA
5.3.3.6. ASEAN
COUNTRIES
5.3.3.7. REST
OF ASIA-PACIFIC
5.4. LATIN
AMERICA
5.4.1. MARKET
BY TECHNOLOGY
5.4.2. MARKET
BY INDUSTRY VERTICALS
5.4.3. COUNTRY
ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST
OF LATIN AMERICA
5.5. MIDDLE
EAST AND AFRICA
5.5.1. MARKET
BY TECHNOLOGY
5.5.2. MARKET
BY INDUSTRY VERTICALS
5.5.3. COUNTRY
ANALYSIS
5.5.3.1. SAUDI
ARABIA
5.5.3.2. UNITED
ARAB EMIRATES
5.5.3.3. TURKEY
5.5.3.4. SOUTH
AFRICA
5.5.3.5. REST
OF MIDDLE EAST & AFRICA
6. COMPANY
PROFILE
6.1. AMERISOURCEBERGEN
6.2. ACCU CHART
PLUS HEALTHCARE SYSTEM INC
6.3. ARXIUM
INC
6.4. ALIXARX
6.5. AVERY
WEIGH TRONIX
6.6. BAXTER
INTERNATIONAL INC
6.7. BECTON
DICKINSON AND COMPANY
6.8. CAPSA
HEALTHCARE LLC
6.9. CERNER
CORPORATION
6.10. MCKESSON
CORPORATION
6.11. NEWICON
OY
6.12. OMNICELL
INC
6.13. PEARSON
MEDICAL TECHNOLOGIES
6.14. PERCEPTIMED
INC
6.15. PARATA
SYSTEMS LLC
6.16. SCRIPTPRO
LLC
6.17. SWISSLOG
HOLDINGS AG
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.1.1. OBJECTIVES
OF STUDY
7.1.2. SCOPE
OF STUDY
7.2. SOURCES
OF DATA
7.2.1. PRIMARY
DATA SOURCES
7.2.2. SECONDARY
DATA SOURCES
7.3. RESEARCH
METHODOLOGY
7.3.1. EVALUATION
OF PROPOSED MARKET
7.3.2. IDENTIFICATION
OF DATA SOURCES
7.3.3. ASSESSMENT
OF MARKET DETERMINANTS
7.3.4. DATA
COLLECTION
7.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: GLOBAL PHARMACY AUTOMATION EQUIPMENT
MARKET, REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF CONTRACTS AND PARTNERSHIPS
TABLE 4: LIST OF BUSINESS EXPANSIONS,
ANNOUNCEMENTS, AND DIVESTITURES
TABLE 5: LIST OF ACQUISITIONS & MERGERS
TABLE 6: LIST OF NEW PRODUCT LAUNCHES &
DEVELOPMENTS
TABLE 7: GLOBAL PHARMACY AUTOMATION EQUIPMENT
MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 8: GLOBAL PHARMACY AUTOMATION EQUIPMENT
MARKET, BY INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 9: GLOBAL PHARMACY AUTOMATION EQUIPMENT
MARKET, REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT
MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT
MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT
MARKET, BY INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 13: EUROPE PHARMACY AUTOMATION EQUIPMENT,
COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 14: EUROPE PHARMACY AUTOMATION EQUIPMENT
MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 15: EUROPE PHARMACY AUTOMATION EQUIPMENT
MARKET, BY INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC PHARMACY AUTOMATION EQUIPMENT
MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC PHARMACY AUTOMATION EQUIPMENT
MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC PHARMACY AUTOMATION EQUIPMENT
MARKET, BY INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 19: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT
MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 20: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT
MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 21: LATIN AMERICA PHARMACY AUTOMATION EQUIPMENT
MARKET, BY INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 22: MIDDLE EAST AND AFRICA PHARMACY AUTOMATION
EQUIPMENT MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 23: MIDDLE EAST AND AFRICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 24: MIDDLE EAST AND AFRICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE
1: GLOBAL PHARMACY AUTOMATION
EQUIPMENT MARKET, BY TECHNOLOGY, 2020 & 2028 (IN %)
FIGURE
2: GLOBAL PHARMACY AUTOMATION
EQUIPMENT MARKET, BY AUTOMATED MEDICATION DISPENSING SYSTEM, 2022-2028 (IN $
MILLION)
FIGURE
3: GLOBAL PHARMACY AUTOMATION
EQUIPMENT MARKET, BY AUTOMATED PACKAGING AND LABELING SYSTEM, 2022-2028 (IN $
MILLION)
FIGURE
4: GLOBAL PHARMACY AUTOMATION
EQUIPMENT MARKET, BY AUTOMATED TABLE-TOP COUNTER, 2022-2028 (IN $ MILLION)
FIGURE
5: GLOBAL PHARMACY AUTOMATION
EQUIPMENT MARKET, BY AUTOMATED STORAGE AND RETRIEVAL SYSTEM, 2022-2028 (IN $
MILLION)
FIGURE
6: GLOBAL PHARMACY AUTOMATION
EQUIPMENT MARKET, BY OTHER TECHNOLOGIES, 2022-2028 (IN $ MILLION)
FIGURE
7: GLOBAL PHARMACY AUTOMATION
EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2020 & 2028 (IN %)
FIGURE
8: GLOBAL PHARMACY AUTOMATION
EQUIPMENT MARKET, BY RETAIL PHARMACY, 2022-2028 (IN $ MILLION)
FIGURE
9: GLOBAL PHARMACY AUTOMATION
EQUIPMENT MARKET, BY HOSPITAL PHARMACY, 2022-2028 (IN $ MILLION)
FIGURE
10: GLOBAL PHARMACY AUTOMATION EQUIPMENT
MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE
11: UNITED STATES PHARMACY AUTOMATION
EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
12: CANADA PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
13: GERMANY PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
14: FRANCE PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
15: UNITED KINGDOM PHARMACY AUTOMATION
EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
16: ITALY PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
17: RUSSIA PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
18: SPAIN PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
19: REST OF EUROPE PHARMACY AUTOMATION
EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
20: CHINA PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
21: JAPAN PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
22: INDIA PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
23: AUSTRALIA & NEW ZEALAND PHARMACY
AUTOMATION EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
24: SOUTH KOREA PHARMACY AUTOMATION
EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
25: ASEAN COUNTRIES PHARMACY AUTOMATION
EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
26: REST OF ASIA-PACIFIC PHARMACY AUTOMATION
EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
27: BRAZIL PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
28: MEXICO PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
29: REST OF LATIN AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
30: SAUDI ARABIA PHARMACY AUTOMATION
EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
31: UNITED ARAB EMIRATES PHARMACY
AUTOMATION EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
32: TURKEY PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)
FIGURE
33: SOUTH AFRICA PHARMACY AUTOMATION
EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
34: REST OF MIDDLE EAST & AFRICA
PHARMACY AUTOMATION EQUIPMENT MARKET 2022-2028 (IN $ MILLION)