The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Pharmacy Automation Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pharmacy Automation Devices Global Market Report 2024, The pharmacy automation devices market size has grown rapidly in recent years. It will grow from $5.5 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to increasing prescription volume, demand for error reduction, pressure to improve operational efficiency, regulatory compliance requirements, pharmacy workforce shortages, patient demand for quick service, inventory management challenges.The pharmacy automation devices market size is expected to see rapid growth in the next few years. It will grow to $9.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
The increase in the geriatric population is expected to boost the growth of the pharmacy automation device market. The geriatric population, consisting of individuals aged 65 and older, is a key demographic driving the demand for pharmacy automation devices. These devices play a crucial role in enhancing medication management, safety, and adherence for older adults. By automating various pharmacy processes, these devices contribute to improving healthcare outcomes for the elderly population, ensuring they receive appropriate care while maintaining their quality of life.
For example, according to a report published by the World Health Organization (WHO) in October 2022, one in six people worldwide is expected to be 60 or older by the year 2030. The global aging population is a significant factor influencing the demand for healthcare solutions, including pharmacy automation devices. By 2050, the number of individuals aged 80 or older is projected to increase by 426 million compared to the current population. Therefore, the increase in the geriatric population is a driving force behind the growth of the pharmacy automation device market.
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The pharmacy automation devices market covered in this report is segmented –
1) By Product: Medication Dispensing Systems, Packaging And Labeling Systems, Storage And Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters
2) By End-User: Retail Pharmacy, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
Top Major Players
Omnicell Inc.,
McKesson Corporation,
Baxter International Inc.,
Becton Dickinson & Company,
Cerner Corporation
The pharmacy automation devices market report table of contents includes:
1. Executive Summary
- Pharmacy Automation Devices Market Characteristics
- Pharmacy Automation Devices Market Trends And Strategies
- Pharmacy Automation Devices Market – Macro Economic Scenario
- Global Pharmacy Automation Devices Market Size and Growth
- Pharmacy Automation Devices Market Segmentation
- Pharmacy Automation Devices Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Pharmacy Automation Devices Market
- Pharmacy Automation Devices Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Pharmacy Automation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Pharmacy Automation Devices Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Pharmacy Automation Devices Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 51: Omnicell Inc. Financial Performance
Table 52: McKesson Corporation Financial Performance
Table 53: Baxter International Inc. Financial Performance
Table 54: Becton Dickinson & Company Financial Performance
Table 55: Cerner Corporation Financial Performance
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