Wishing you all the joys of the season! 
North America Pharmacy Automation Systems Market Forecast to 2030
North America 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)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Growing Adoption of Robotic Pharmacy Fuels the North America Pharmacy Automation Systems Market
In the healthcare sector, automated systems are incorporated into different processes to provide information about stock and inventory, and aid in traceability and streamlined storage. Thus, automation relieves pharmacists from labor-intensive distributive functions and enhances workflow efficiency in pharmacies. Moreover, the adoption of robotics and automated systems is rising in pharmacies in developing regions. In 2023, Oak Lawn Pharmacy partnered with Phoenix-based MedAvail Holdings to deploy 10 M4 MedCenter kiosks across Texas. Also, in 2022, the US pharmaceutical operator Walgreens announced using robots to fill prescriptions for pharmacies as there is a national lack of pharmacists and pharmacy technicians.
Leading pharmacy automation system vendors continuously focus on developments and introduction of their innovations. In February 2021, Omnicell Inc. announced the launch of its Medimat system. Medimat is a next-generation, automated dispensing system for retail pharmacies. Medimat has been built for improved patient safety, efficient time utilization, and financial savings. Similarly, in August 2021, innovativeAspirations (iA), a commercial provider of software-enabled pharmacy fulfillment and automation solutions, launched three solutions that are integrated with Medimat’s NEXiA technology to manage the fulfillment of prescribed medicines centrally. iA has also introduced SmartPod, a next-generation robot with a modular autofill unit. SmartPod allows pharmacy providers to adjust and scale their centralized fulfillment solutions. Thus, the growing adoption of robotic pharmacies with the introduction of next-generation automated systems fuels growth of the pharmacy automation systems market.
North America Pharmacy Automation Systems Market Overview
North America holds the largest share of the pharmacy automation systems market. The market in this region is split into the US, Canada, and Mexico. The growth of the market in the region is attributed to factors such as growing public awareness about automated technologies and rising strategic moves by governments and pharmacy automation system vendors. The US is the largest contributor to the pharmacy automation systems market in North America and the world. Market growth in the US is mainly attributed to the rise in medication errors and a surge in demand for pharmaceutical products. According to the study “Medication Errors,” published in StatPearls in June 2020, medication errors result in 7,000-9,000 deaths annually in the US. Thus, healthcare organizations have increased developments in pharmacy automation systems to avoid medication errors. In July 2023, Capsa Healthcare, one of the US-based players, acquired MASS Medical Storage. The acquisition of MASS Medical Storage provided Capsa with expertise in making medical storage and endoscope cabinet drying systems. Additionally, the acquisition would help strengthen Capsa Healthcare’s position in the global market, expanding the reach of its various pharmacy automation systems to end users such as hospitals, clinics, and ambulatory surgical centers.
North America Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Million)
North America Pharmacy Automation Systems Market Segmentation
The North America pharmacy automation systems market is segmented based on type, end user, and country.
Based on type, the North America 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 North America 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 North America pharmacy automation systems market is segmented into the US, Canada, and Mexico. The US dominated the North America pharmacy automation systems market share in 2022.
McKesson Corp, Becton Dickinson and Co, Capsa Solutions LLC, Omnicell Inc, Oracle Corp, ScriptPro LLC, Veradigm LLC, Innovation Associates, YUYAMA Manufacturing Co Ltd, and Swisslog Healthcare AG are some of the leading companies operating in the North America pharmacy automation systems market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the North America pharmacy automation systems market was valued at US$ 5,538.42 million in 2022 and is expected to reach US$ 10,963.00 million by 2030, registering a CAGR of 8.9% from 2022 to 2030. Artificial Intelligence (AI) in the pharmacy sector is among the critical factors attributed to the North America pharmacy automation systems market expansion.
Artificial intelligence (AI) has brought a significant evolution in the healthcare sector. AI complements the deployment of robotics in drug and medicine businesses. In addition, it has the potential to assist pharmacists and clinical personnel in identifying problems such as potentially harmful drug interactions, cross-verifying patient data, drug-disease contraindications, drug-drug interactions, improper dosages, and repetition of drug therapies more effectively than ever. In addition to solving these problems, AI can provide real-time guidance when prescribing medicine, dispensing, and administering medicine. Moreover, AI would help provide personalized medicines to patients, aiding in pharmacy management. AI in medicine dispensing will enhance the efficiency of automated dispensing cabinets, pill dispensers, and their features, such as alarm modules, speakers, and other features. Thus, AI has the capability to reduce pharmacists’ efforts in medicine dispensing, allowing them to focus more on patient care.
On the contrary, high capitalization cost and problems associated with pharmacy automation systems hampers the growth of North America pharmacy automation systems market.
Based on type, the North America 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 31.8% market share in 2022, amassing US$ 1,758.62 million. It is projected to garner US$ 3,639.90 million by 2030 to expand at 9.5% CAGR during 2022-2030.
Based on end user, the North America pharmacy automation systems market is categorized into hospital pharmacy, retail pharmacy, and others. The hospital pharmacy segment held 54.5% share of North America pharmacy automation systems market in 2022, amassing US$ 3,016.27 million. It is projected to garner US$ 6,156.85 million by 2030 to expand at 9.3% CAGR during 2022-2030.
Based on country, the North America pharmacy automation systems market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 84.7% share of North America pharmacy automation systems market in 2022. It was assessed at US$ 4,692.57 million in 2022 and is likely to hit US$ 9,374.19 million by 2030, exhibiting a CAGR of 9.0% during 2022-2030.
Key players operating in the North America pharmacy automation systems market are McKesson Corp, Becton Dickinson and Co, Capsa Solutions LLC, Omnicell Inc, Oracle Corp, ScriptPro LLC, Veradigm LLC, Innovation Associates, YUYAMA Manufacturing Co Ltd, and Swisslog Healthcare AG, among others.
– In Oct 2022, McKesson Opens Its Most Technologically Advanced Healthcare Distribution Center in Jeffersonville, Ohio.
– In July 2022, BD Acquired MedKeeper to Offer Cloud-based, Connected Pharmacy Software.
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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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. North America 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 – North America Market Analysis
5.1 Overview
5.2 North America Pharmacy Automation Systems Market Revenue (US$ Mn), 2022 – 2030
6. North America Pharmacy Automation Systems Market – Revenue and Forecast to 2030 – by Type
6.1 Overview
6.2 North America 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. North America Pharmacy Automation Systems Market – Revenue and Forecast to 2030 – by End User
7.1 Overview
7.2 North America 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. North America Pharmacy Automation Systems Market – Country Analysis
8.1 North America Pharmacy Automation Systems Market, Revenue and Forecast to 2030
8.1.1 Overview
8.1.2 North America: Pharmacy Automation Systems Market, by Country
8.1.2.1 US
8.1.2.1.1 US: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.2.1.2 US: Pharmacy Automation Systems Market, by Type
8.1.2.1.2.1 US: Automated Medication Dispensing Systems Market, by Product Type
8.1.2.1.2.2 US: Automated Medication Dispensing Systems Market, by Operation
8.1.2.1.3 US: Pharmacy Automation Systems Market, by End User
8.1.2.2 Canada
8.1.2.2.1 Canada: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.2.2.2 Canada: Pharmacy Automation Systems Market, by Type
8.1.2.2.2.1 Canada: Automated Medication Dispensing Systems Market, by Product Type
8.1.2.2.2.2 Canada: Automated Medication Dispensing Systems Market, by Operation
8.1.2.2.3 Canada: Pharmacy Automation Systems Market, by End User
8.1.2.3 Mexico
8.1.2.3.1 Mexico: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.2.3.2 Mexico: Pharmacy Automation Systems Market, by Type
8.1.2.3.2.1 Mexico: Automated Medication Dispensing Systems Market, by Product Type
8.1.2.3.2.2 Mexico: Automated Medication Dispensing Systems Market, by Operation
8.1.2.3.3 Mexico: 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 ScriptPro 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 Veradigm LLC
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 Innovation Associates
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
10.9 YUYAMA Manufacturing Co Ltd
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Swisslog Healthcare AG
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 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. US: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – Type
Table 3. US: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 4. US: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Operation
Table 5. US: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 6. Canada: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – Type
Table 7. Canada: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 8. Canada: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Operation
Table 9. Canada: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 10. Mexico: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – Type
Table 11. Mexico: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Product Type
Table 12. Mexico: Automated Medication Dispensing Systems Market Revenue and Forecast to 2030 (US$ Mn) – Operation
Table 13. Mexico: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn) – End User
Table 14. Recent Organic Growth Strategies in Pharmacy Automation Systems Market
Table 15. Recent Inorganic Growth Strategies in the Pharmacy Automation Systems Market
Table 16. Glossary of Terms, North America 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. North America Pharmacy Automation Systems Market Revenue (US$ Mn), 2022 – 2030
Figure 6. North America 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. North America 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. North America Pharmacy Automation Systems Market, 2022 ($Mn)
Figure 22. North America: Pharmacy Automation Systems Market, By Key Countries, 2022 And 2030 (%)
Figure 23. US: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
Figure 24. Canada: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
Figure 25. Mexico: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
The List of Companies – North America Pharmacy Automation Systems Market
1. McKesson Corp
2. Becton Dickinson and Co
3. Capsa Solutions LLC
4. Omnicell Inc
5. Oracle Corp
6. ScriptPro LLC
7. Veradigm LLC
8. Innovation Associates
9. YUYAMA Manufacturing Co Ltd
10. Swisslog Healthcare AG
You must be logged in to post a review.
Reviews
There are no reviews yet.