Asia Pacific Pharmacy Automation Systems Market Forecast to 2030
Asia Pacific Pharmacy Automation Systems Market Forecast to 2030 – Regional Analysis – by Type [Automation Medication Dispensing Systems (Product Type and Operation), Automated Packaging and Labelling Systems, Automated Table-Top Counters, Automated Storage and Retrieval Systems, and Other Types] and End User (Hospital Pharmacy, Retail Pharmacy, and Others)
$2,840 – $4,440
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Increasing Aging Population Fuels the Asia Pacific Pharmacy Automation Systems Market
The aging population is a key to advancements in the healthcare sector. Thus, the growing aging population is anticipated to serve vital growth opportunities for the pharmacy. According to the United Nations’ World Population Prospects 2022 report, the elderly population is projected to increase from 10% of the total population in 2022 to 16% of the total population by 2050. The rapidly growing aging population indicates that there will be exponential demand for care and medicines. Older people live with one or more chronic medical conditions, such as arthritis, diabetes, Alzheimer’s, or Parkinson’s; the treatments of these conditions require regular refilling of medicines. Also, there is growth in life expectancy worldwide, leading to the need for more digital and automated systems for adult care.
The development of automatic medicine dispensers has served beneficially in developed regions. Advanced features such as an LED display, a motor controller, and an alarm system help people with medication reminders. Automated pharmacy systems would enable them to keep track of their medicine and stocks better. Further, the implementation of automated pharmacy systems has been proven to trigger medication adherence in adults. With such features, the adoption of automated pharmacy systems is expected to grow in developing countries such as Japan, India, South Korea, and China in the coming years.
Asia Pacific Pharmacy Automation Systems Market Overview
The pharmacy automation systems market in Asia Pacific is analyzed on the basis of China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The region is estimated to be the fastest-growing market for pharmacy automation systems in 2022. The market growth in the region is attributed to international players entering into the healthcare markets in the region and the increasing geriatric population. China has seen a significant rise in automated pharmaceutical dispensing, especially during the COVID-19 pandemic. In 2021, the Hospital of Changsha in China’s Hunan province was the first to install robotic pharmacy dispensing systems to enhance drug dispensing. In addition, automation technologies are widely used in the healthcare industry, leveraging demand for automated pharmacy systems. China is the largest exporter of active pharmaceutical ingredients to Western countries, requiring automation for the packaging and labeling of the products to be shipped. Production sites and warehouses have automated pharmacy systems installed in the manufacturing site. Companies in the pharmacy automation systems market are collaborating with pharma businesses to build automated facility centers in the country. Livzon Pharmaceutical Group Inc. has partnered with Swisslog Holding AG; under this partnership agreement, Swisslog Holding AG designed the Livzon Pharmaceutical Group Inc. manufacturing site with automation.
Asia Pacific Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Pharmacy Automation Systems Market Segmentation
The Asia Pacific pharmacy automation systems market is segmented based on type, end user, and country.
Based on type, the Asia Pacific pharmacy automation systems market is segmented into automation medication dispensing systems (product type and operation), automated packaging and labelling systems, automated table-top counters, automated storage and retrieval systems, and other types. The automation medication dispensing systems segment held the largest market share in 2022.
Based on end user, the Asia Pacific pharmacy automation systems market is segmented into hospital pharmacy, retail pharmacy, and others. The hospital pharmacy segment held the largest market share in 2022.
Based on country, the Asia Pacific pharmacy automation systems market is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific pharmacy automation systems market share in 2022.
McKesson Corp, Becton Dickinson and Co, Capsa Solutions LLC, Omnicell Inc, Oracle Corp, YUYAMA Manufacturing Co Ltd, Veradigm LLC, and Swisslog Healthcare AG are some of the leading companies operating in the Asia Pacific pharmacy automation systems market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the Asia Pacific pharmacy automation systems market was valued at US$ 1,722.69 million in 2022 and is expected to reach US$ 3,716.19 million by 2030, registering a CAGR of 10.1% from 2022 to 2030. Growing risk of medication errors is among the critical factors attributed to the Asia Pacific pharmacy automation systems market expansion.
Medication errors are alarming and are considered the third leading cause of death worldwide. As per WHO, medication errors and unsafe drug practices are the main causes of preventable injury in healthcare systems worldwide. Fifty percent of medical care’s avoidable harm is linked to medication, with the biggest contributors being errors in prescription and monitoring. Medication errors are expected to cost US$ 42 billion a year globally and a medication error causes 1 death in 1 million of the population globally. On the other hand, the risks of drug-related injuries due to medication errors are much higher. Distractions are the leading cause of ~75% of medication errors. Distractions are common when healthcare professionals are engaged in multiple tasks, including speaking to consultants, speaking to patient family members, examining the patient, and conversing with insurance professionals simultaneously. Moreover, in these situations, they fail to complete their duties on time and suffer a lapse of judgment, leading to medication errors. Distortion is another factor responsible for the maximum number of medication errors. Distortion is a result of poor writing, use of abbreviations, misunderstood symbols, or improper translation. Further, pharmacists and nurses find difficulties to understand the handwritten prescription for medicines that leads to wrong delivery of medicines to the patients. Thus, the growing number of medication errors triggers the demand for pharmacy automation systems.
On the contrary, high capitalization cost and problems associated with pharmacy automation systems hampers the growth of Asia Pacific pharmacy automation systems market.
Based on type, the Asia Pacific pharmacy automation systems market is categorized into automation medication dispensing systems (product type and operation), automated packaging and labelling systems, automated table-top counters, automated storage and retrieval systems, and other types. The automation medication dispensing systems segment held 35.4% market share in 2022, amassing US$ 610.57 million. It is projected to garner US$ 1,370.13 million by 2030 to expand at 10.6% CAGR during 2022-2030.
Based on end user, the Asia Pacific pharmacy automation systems market is categorized into hospital pharmacy, retail pharmacy, and others. The hospital pharmacy segment held 60.7% share of Asia Pacific pharmacy automation systems market in 2022, amassing US$ 1,045.24 million. It is projected to garner US$ 2,317.13 million by 2030 to expand at 10.5% CAGR during 2022-2030.
Based on country, the Asia Pacific pharmacy automation systems market has been categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 41.0% share of Asia Pacific pharmacy automation systems market in 2022. It was assessed at US$ 706.30 million in 2022 and is likely to hit US$ 1,570.09 million by 2030, exhibiting a CAGR of 10.5% during 2022-2030.
Key players operating in the Asia Pacific pharmacy automation systems market are McKesson Corp, Becton Dickinson and Co, Capsa Solutions LLC, Omnicell Inc, Oracle Corp, YUYAMA Manufacturing Co Ltd, Veradigm LLC, and Swisslog Healthcare AG, among others.
– In Feb 2023, Nova Scotia and Oracle Cerner Begin a New Era in Healthcare.
– In Jan 2022, Allscripts Announced Corporate Name Change to Veradigm Inc.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific pharmacy automation systems market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific pharmacy automation systems market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Pharmacy Automation Systems Market – Key Industry Dynamics
4.1 Key Market Drivers:
4.1.1 Growing Adoption of Robotic Pharmacy
4.1.2 Growing Risks of Medication Errors
4.2 Key Market Restraints:
4.2.1 High Capitalization Cost and Problems Associated with Pharmacy Automation Systems
4.3 Key Market Opportunities:
4.3.1 Aging Population
4.4 Future Trends
4.4.1 Artificial Intelligence (AI) in the Pharmacy Sector
4.5 Impact Analysis:
5. Pharmacy Automation Systems Market – Asia Pacific Market Analysis
5.1 Overview
5.2 Asia Pacific Pharmacy Automation Systems Market Revenue (US$ Mn), 2022 – 2030
6. Asia Pacific Pharmacy Automation Systems Market – Revenue and Forecast to 2030 – by Type
6.1 Overview
6.2 Asia Pacific Pharmacy Automation Systems Market Revenue Share, by Type 2022 & 2030 (%)
6.3 Automated Medication Dispensing Systems-Product Type
6.3.1 Overview
6.3.2 Automated Medication Dispensing Systems: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
6.3.3 Robotics Automated Systems
6.3.3.1 Overview
6.3.3.2 Robotics Automated Systems: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
6.3.4 Carousels
6.3.4.1 Overview
6.3.4.2 Carousels: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
6.3.5 Automated Dispensing Cabinets
6.3.5.1 Overview
6.3.5.2 Automated Dispensing Cabinets: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Automated Medication Dispensing Systems-Operation
6.4.1 Overview
6.4.2 Centralized Prescription Fulfilment
6.4.2.1 Overview
6.4.2.2 Centralized Prescription Fulfilment: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
6.4.3 Decentralized Prescription Fulfilment
6.4.3.1 Overview
6.4.3.2 Decentralized Prescription Fulfilment: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Automated Packaging and Labelling Systems
6.5.1 Overview
6.5.2 Automated Packaging and Labelling Systems: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
6.6 Automated Table-top Counters
6.6.1 Overview
6.6.2 Automated Table-top Counters: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
6.7 Automated Storage and Retrieval Systems
6.7.1 Overview
6.7.2 Automated Storage and Retrieval Systems: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
6.8 Other Types
6.8.1 Overview
6.8.2 Other Types: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific Pharmacy Automation Systems Market – Revenue and Forecast to 2030 – by End User
7.1 Overview
7.2 Asia Pacific Pharmacy Automation Systems Market Revenue Share, by End User 2022 & 2030 (%)
7.3 Hospital Pharmacy
7.3.1 Overview
7.3.2 Hospital Pharmacy: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Retail Pharmacy
7.4.1 Overview
7.4.2 Retail Pharmacy: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Pharmacy Automation Systems Market – Country Analysis
8.1 Asia Pacific Pharmacy Automation Systems Market, Revenue and Forecast to 2030
8.1.1 Overview
8.1.2 Asia Pacific: Pharmacy Automation Systems Market, by Country
8.1.2.1 China
8.1.2.1.1 China: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.2.1.2 China: Pharmacy Automation Systems Market, by Type
8.1.2.1.2.1 China: Automated Medication Dispensing Systems Market, by Product Type
8.1.2.1.2.2 China: Automated Medication Dispensing Systems Market, by Operation
8.1.2.1.3 China: Pharmacy Automation Systems Market, by End User
8.1.2.2 Japan
8.1.2.2.1 Japan: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.2.2.2 Japan: Pharmacy Automation Systems Market, by Type
8.1.2.2.2.1 Japan: Automated Medication Dispensing Systems Market, by Product Type
8.1.2.2.2.2 Japan: Automated Medication Dispensing Systems Market, by Operation
8.1.2.2.3 Japan: Pharmacy Automation Systems Market, by End User
8.1.2.3 India
8.1.2.3.1 India: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.2.3.2 India: Pharmacy Automation Systems Market, by Type
8.1.2.3.2.1 India: Automated Medication Dispensing Systems Market, by Product Type
8.1.2.3.2.2 India: Automated Medication Dispensing Systems Market, by Operation
8.1.2.3.3 India: Pharmacy Automation Systems Market, by End User
8.1.2.4 Australia
8.1.2.4.1 Australia: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.2.4.2 Australia: Pharmacy Automation Systems Market, by Type
8.1.2.4.2.1 Australia: Automated Medication Dispensing Systems Market, by Product Type
8.1.2.4.2.2 Australia: Automated Medication Dispensing Systems Market, by Operation
8.1.2.4.3 Australia: Pharmacy Automation Systems Market, by End User
8.1.2.5 South Korea
8.1.2.5.1 South Korea: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.2.5.2 South Korea: Pharmacy Automation Systems Market, by Type
8.1.2.5.2.1 South Korea: Automated Medication Dispensing Systems Market, by Product Type
8.1.2.5.2.2 South Korea: Automated Medication Dispensing Systems Market, by Operation
8.1.2.5.3 South Korea: Pharmacy Automation Systems Market, by End User
8.1.2.6 Rest of Asia Pacific
8.1.2.6.1 Rest of Asia Pacific: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.2.6.2 Rest of Asia Pacific: Pharmacy Automation Systems Market, by Type
8.1.2.6.2.1 Rest of Asia Pacific: Automated Medication Dispensing Systems Market, by Product Type
8.1.2.6.2.2 Rest of Asia Pacific: Automated Medication Dispensing Systems Market, by Product Type
8.1.2.6.2.3 Rest of Asia Pacific: Automated Medication Dispensing Systems Market, by Operation
8.1.2.6.3 Rest of Asia Pacific: Pharmacy Automation Systems Market, by End User
9. Pharmacy Automation Systems Market-Industry Landscape
9.1 Overview
9.2 Organic Growth Strategies
9.2.1 Overview
9.3 Inorganic Growth Strategies
9.3.1 Overview
10. Company Profiles
10.1 McKesson Corp
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Becton Dickinson and Co
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Capsa Solutions LLC
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Omnicell Inc
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Oracle Corp
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Veradigm LLC
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 YUYAMA Manufacturing Co Ltd
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Swisslog Healthcare AG
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
11. Appendix
11.1 About Us
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Pharmacy Automation Systems Market Segmentation
Table 2. China: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – Type
Table 3. China: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 4. China: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Operation
Table 5. China: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 6. Japan: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – Type
Table 7. Japan: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 8. Japan: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Operation
Table 9. Japan: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 10. India: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – Type
Table 11. India: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 12. India: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Operation
Table 13. India: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 14. Australia: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – Type
Table 15. Australia: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 16. Australia: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Operation
Table 17. Australia: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 18. South Korea: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – Type
Table 19. South Korea: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 20. South Korea: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Operation
Table 21. South Korea: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 22. Rest of Asia Pacific: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – Type
Table 23. Rest of Asia Pacific: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 24. Rest of Asia Pacific: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 25. Rest of Asia Pacific: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Operation
Table 26. Rest of Asia Pacific: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 27. Recent Organic Growth Strategies in Pharmacy Automation Systems Market
Table 28. Recent Inorganic Growth Strategies in the Pharmacy Automation Systems Market
Table 29. Glossary of Terms, Pharmacy Automation Systems Market
LIST OF FIGURES
Figure 1. Pharmacy Automation Systems Market Segmentation, By Country
Figure 2. Key Insights
Figure 3. Pharmacy Automation Systems Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Pharmacy Automation Systems Market Revenue (US$ Mn), 2022 – 2030
Figure 6. Asia Pacific Pharmacy Automation Systems Market Revenue Share, by Type 2022 & 2030 (%)
Figure 7. Automated Medication Dispensing Systems: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Robotics Automated Systems: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Carousels: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Automated Dispensing Cabinets: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Centralized Prescription Fulfilment: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Decentralized Prescription Fulfilment: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Automated Packaging and Labelling Systems: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Automated Table-top Counters: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Automated Storage and Retrieval Systems: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Other Types: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Asia Pacific Pharmacy Automation Systems Market Revenue Share, by End User 2022 & 2030 (%)
Figure 18. Hospital Pharmacy: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Retail Pharmacy: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Others: Pharmacy Automation Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Pharmacy Automation Systems Market, 2022 ($Mn)
Figure 22. Asia Pacific: Pharmacy Automation Systems Market, By Key Countries, 2022 And 2030 (%)
Figure 23. China: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
Figure 24. Japan: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
Figure 25. India: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
Figure 26. Australia: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
Figure 27. South Korea: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
Figure 28. Rest of Asia Pacific: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
The List of Companies – Asia Pacific Pharmacy Automation Systems Market
1. McKesson Corp
2. Becton Dickinson and Co
3. Capsa Solutions LLC
4. Omnicell Inc
5. Oracle Corp
6. Veradigm LLC
7. YUYAMA Manufacturing Co Ltd
8. Swisslog Healthcare AG
You must be logged in to post a review.
Reviews
There are no reviews yet.