Pharmacy Automation Market
Pharmacy Automation Market - Global Industry Assessment & Forecast
Segments Covered
- By Product Automated Medication Dispensing and Storage Systems, Automated Packaging and Labelling Systems, Automated Tabletop Counters, Automated Medication Compounding Systems, Others
- By End User Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 5565.82 Million |
Revenue 2030: | USD 9707.06 Million |
Revenue CAGR (2023 - 2030): | 7.20% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Pharmacy Automation Market by Product by End User by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The later stage covers data validation and collection from primary research. The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Pharmacy Automation supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Pharmacy Automation market size at regional and country level
- Key industry players and their market share and Pharmacy Automation market-specific sales/revenue
- Understanding of the Pharmacy Automation supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Pharmacy Automation market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Pharmacy Automation market.
FAQ
Frequently Asked Question
What is the global demand for Pharmacy Automation in terms of revenue?
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The global Pharmacy Automation valued at USD 5565.82 Million in 2022 and is expected to reach USD 9707.06 Million in 2030 growing at a CAGR of 7.20%.
Which are the prominent players in the market?
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The prominent players in the market are Becton Dickinson and Company (US), Omnicell Inc. (US), KUKA AG (Swisslog Healthcare) (Germany), Baxter International Inc. (US), Capsa Healthcare (US), Cerner Corporation (US), Yuyama Co. Ltd. (Japan), ARxIUM Inc. (US), Parata Systems LLC (US), RxSafe LLC (US), ScriptPro LLC (US), Pearson Medical Technologies LLC (US), Medical Packaging Inc. LLC (US), Tension Corporation (US), Noritsu Pharmacy Automation (US), Euclid Medical Products (US), TouchPoint Medical Solutions (US), Meditech Pharmacy Management Solutions (Belgium), Innovation Associates (US), McKesson Corporation (US), Willach Group (Group), Stäubli International (Switzerland), MedAvail (Canada), Pharmacy Automation System (US), Deenova SRL (Italy).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 7.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Pharmacy Automation include
- Growing need to minimize medication errors
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Pharmacy Automation in 2022.