Pharmacy Automation Equipment Market is expected to reach US$ 9,195.36 Mn by 2028

Automated Compounding Devices Segment to Register Highest CAGR in Pharmacy Automation Equipment Market During 2021–2028

According to our latest study on “Pharmacy Automation Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End User,” the market was valued at US$ 4,984.70 million in 2020 and is projected to reach US$ 9,195.36 million by 2028; it is expected to grow at a CAGR of 8.0% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.

Based on type, the pharmacy automation equipment market is segmented into automated medication dispensing systems, automated packaging & labeling systems, automated storage & retrieval systems, automated compounding devices, and tabletop tablet counters. The automated medication dispensing systems segment held the largest share of the market in 2020. Growth of the market for this segment is ascribed to the increasing number of errors in medication and dispensing, escalating demand for specialty drug prescription filling solutions, and stringent government policies compelling healthcare institutes and pharmacists decentralize pharmacies for improved patient care services. Further, the pharmacy automation equipment market for automated compounding devices segment is expected to grow at the fastest CAGR during the 2021–2028.

The growth of the pharmacy automation equipment market is primarily attributed to the increasing medication errors and surging demand for healthcare services. However, the problems associated with automated dispensing systems such as regular software update and high system maintenance requirements hinder the growth of the market. Talyst LLC (Swisslog Healthcare), AmerisourceBergen, Baxter International Inc, Capsa Healthcare, OMNICELL INC, Cerner Corporation, MCKESSON CORPORATION, ScriptPro LLC, BD, and YUYAMA Co., Ltd are among the leading companies operating in the global pharmacy automation equipment market.

Pharmacy Automation Equipment Market, by Region, 2020 (%)

The report segments global pharmacy automation equipment market as Follows:

By Type

• Automated Medication Dispensing Systems
• Automated Packaging & Labelling Systems
• Automated Storage & Retrieval Systems
• Automated Compounding Devices
• Tabletop Tablet Counters

By End User

• Hospital Pharmacy
• Retail Pharmacy
• Others

By Geography

• North America
  • • US
    • Canada
    • Mexico
• Europe
  • • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe

• Asia Pacific (APAC)
  • • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of APAC

• Middle East and Africa (MEA)
  • • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

• South and Central America (SCAM)
  • • Brazil
    • Argentina
    • Rest of SCAM