Pharmacy Automation Market

The pharmacy automation market is projected to reach USD 10.00 billion by 2030 from USD  6.65 billion in 2024, at a CAGR of 7.1% from 2024  to 2030. The major factors driving the growth of the market are a increasing emphasis on automation to minimize labor expenses and mounting demand for specialty pharmaceutical dispensing. Emerging markets will be the main areas of opportunity for players looking in order to increase their market presence. In contrast, the costs of the implementation of pharmacy automation systems within the health centers and pharmacies are able to discourage growth of this 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.

To know about the assumptions considered for the study download the pdf brochure

Market Ranking:

The ranking of companies in the pharmacy automation market has been determined through a market share analysis, conducted after thorough secondary research and validated by primary respondents. This ranking considers parameters such as revenue generated from pharmacy automation solutions, product portfolio breadth and depth, innovation, and approvals and launches. Based on this analysis, the top three players leading the market are Becton, Dickinson and Company (BD) (US), Omnicell, Inc. (US), and KUKA AG (Swisslog Healthcare) (Germany). These companies dominate due to their strong market presence, extensive product portfolios, and continuous innovation in the pharmacy automation market.

Becton, Dickinson and Company (BD) (US): BD is a worldwide manufacturer of high-quality pharmacy automation solutions that reinforce its market position via organic growth strategies like investments in research & development activities. BD spent USD 1.33 billion and USD 1.09 billion in R&D in 2021 and 2020, respectively. Further, the strong geographical presence, extensive distribution network, and brand image of the company has made itself a market leader in the worldwide arena.

Omnicell, Inc. (US): Omnicell is among the most dominant companies in the pharmacy automation sector. The firm has a very wide line of pharmacy automation systems with high brand value that has enabled it to establish a competitive advantage in the pharmacy automation sector and a leading global position. The firm has a focus on inorganic expansion through acquiring firms. Omnicell bought MarkeTouch Media, LLC (US) to further its presence in the retail pharmacy market. It also bought ReCept Holdings, Inc. (US) to further its portfolio of advanced services.

KUKA AG (Swisslog Healthcare) (Germany): KUKA AG (Swisslog Healthcare) (Germany): KUKA provides an extensive array of pharmacy automation solutions under its Swisslog Healthcare business segment. Swisslog Healthcare emphasizes growing its business by expanding product development and geographical presence. Swisslog Healthcare expanded its business through the development of the UniPick 2 outpatient drug dispensing automation solution in hospital pharmacies (outpatient solutions) in the fast-expanding Chinese market. New products established and improvements have given Swisslog a competitive edge over its peers in the market.

Related Reports:

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

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]