Pharmacy Automation Market

The report "Pharmacy Automation Market by Product (Automated Medication Dispensing & Storage Systems, Table-Top Counter, Retrieval Systems, Medication Compounding), End User (Inpatient, Outpatient, Retail, ASC), Facility (Large, Mid) - Global Forecast to 2030", is expected to reach USD 10.00 billion by 2030 from USD 6.65 billion in 2024, at a CAGR of 7.1% during 2024–2030.

Browse 200 market data Tables and 50 Figures spread through 300 Pages and in-depth TOC on "Pharmacy Automation Market by Product (Automated Medication Dispensing & Storage Systems, Table-Top Counter, Retrieval Systems, Medication Compounding), End User (Inpatient, Outpatient, Retail, ASC), Facility (Large, Mid) - Global Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/pharmacy-automation-systems-market-71522890.html

The growing number of hospital admissions and the need for advanced healthcare solutions are the main factors propelling the demand for pharmacy automation market. The United Nations Population Fund (UNFPA) predicts people aged 65 and older will grow from our present 10.3% worldwide population in 2024 to 20.7% by 2074, leading to a surge in the number of elderly patients requiring long-term medication management. Based on a Harvard University housing study 2023, almost 70% of elderly people (over age 65) are likely to need long-term assistance in their lifespan. The report mentions that with Baby Boomers turning 80 by 2026, the proportion of households with adult heads aged 80 and above will nearly double between 2021 and 2040, adding to the population projected to require long-term care. This aging population will impose huge pressure on healthcare systems, which will require automated dispensing, packaging, and inventory management systems to respond to the increasing prescription demand efficiently. Automation can improve the quality of care and allow for improved patient care while allowing providers to better utilize funds.

Pharmacy automation resolves several drug problems by reducing man-made errors, streamlining medicine dispensing, and making medicine administration on schedule for aged patients with long-term diseases like diabetes, cardiovascular, and neurodegenerative ailments. Robotic dispensing technologies and AI-mediated drug monitoring also enhance the process efficiency of workflow in hospitals, retail pharmacies, and nursing facilities. With the continuously aging population, automation in the processes of a pharmacy will become a necessity for healthcare systems' continuation and increasing drug safety around the world.

Automated medication dispensing and storage system segment accounted for the largest share of the pharmacy automation market by product type in 2023

Based on product type, the pharmacy automation market has been segmented into automated medication dispensing and storage systems, automated packaging and labeling systems, automated tabletop counters, automated medication compounding systems, pharmacy management software (PMS/PIMS/PIS), and other pharmacy automation systems (pharmacy kiosks, pneumatic tubes, tablet splitters, and others). In 2023, the automated medication dispensing and storage systems segment is estimated to hold the largest share of the market for pharmacy automation. Some of the key growth factors for the segment are increasing need for reducing medication errors. Medication dispensing errors, such as incorrect dosage, wrong medications, and dispensing delays, contribute to adverse drug events (ADEs), impacting patient health outcomes. For instance, according to the World Health Organization (WHO) 2022, medication errors are estimated to cost approximately USD 42 billion annually. Further, in hospital settings, medication error rates range from 0.3% to 9.1% during prescribing and 1.6% to 2.1% at the dispensing stage. Automation minimizes human errors by ensuring precise dispensing and secure storage. Technologies such as robotic dispensers help prevent contamination and ensure correct medication dispensing.

Retail pharmacies segment register the fastest growth in the pharmacy automation market by end user.

The retail pharmacies segment is expected to grow at the fastest CAGR over the forecast period. This rapid expansion is fueled by the rising demand for streamlined pharmacy operations, growing prescription volumes, and the need for faster, more accurate medication dispensing. The increasing shift toward digital health solutions, coupled with advancements in robotic dispensing, AI-driven inventory management, and cloud-based pharmacy systems, is transforming how retail pharmacies operate. Additionally, the push for improved customer convenience, including same-day prescription deliveries and automated refill systems, is accelerating the adoption of pharmacy automation technologies. Major retailers such as Walmart and Amazon are intensifying competition in the US prescription medication market by introducing same-day delivery services.  For instance, in January 2025, Walmart announced the nationwide expansion of its same-day pharmacy delivery service in 49 states by the end of January 2025. This move intensifies competition with Amazon’s expanding prescription services and traditional retail pharmacies such as CVS and Walgreens, which are struggling with store closures. The service aims to provide faster, more convenient prescription access for customers, particularly busy families, seniors, and chronic disease patients.

North America accounted for the highest share in pharmacy automation market in 2023.

The pharmacy automation market is segmented into five major regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In 2023, North America accounted for the highest share in pharmacy automation market driven by its well-established healthcare infrastructure, high adoption of advanced technologies, and stringent regulatory requirements for medication safety. The region's dominance is fueled by the increasing demand for automated medication dispensing, packaging, and inventory management solutions in both hospital and retail pharmacy settings. Regulatory bodies such as the FDA, DEA, and HIPAA have set strict guidelines for medication management, pushing pharmacies and healthcare institutions to integrate automation to ensure compliance and reduce medication errors. Additionally, the presence of leading market players, including Omnicell, BD, Swisslog Healthcare, and Baxter International Inc, accelerated innovation and widespread adoption of automation technologies. The rise of retail pharmacy automation, with major chains such as Walmart, CVS, Walgreens, and Amazon Pharmacy investing in AI-powered prescription fulfillment and same-day delivery services, further strengthened North America's leadership in the market.

The pharmacy automation market is consolidated at the top with a large number of leading market players based in developed countries. The key players operating in this market are Becton, Dickinson and Company (US), Omnicell, Inc. (US), KUKA AG (Swisslog Healthcare) (Germany), Baxter International Inc. (US), Capsa Healthcare (US), Oracle (US), Yuyama Co., Ltd. (Japan), ARxIUM Inc. (US), Mckesson Corporation (US), RxSafe, LLC (US), ScriptPro LLC (US), Pearson Medical Technologies, LLC (US), Deenova S.R.L (Germany), Medical Packaging Inc., LLC (US), Tension Corporation (US), Noritsu Pharmacy Automation (US), Euclid Medical Products (US), TouchPoint Medical Solutions (US), Innovation Associates (US), and JFCRX (US). Because of the high level of competition in the market, major market players are becoming more inclined to grow their presence in the high-growth markets by employing both organic and inorganic growth initiatives like product launches, and acquisitions.

Don’t miss out on business opportunities in Pharmacy Automation Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/