The pharmacy automation market offers advanced features, with the dominating segment being automated medication dispensing systems. These systems streamline medication distribution in healthcare facilities, ensuring accurate and timely dosing. They are equipped with barcode scanning, robotics, and inventory management, reducing human errors and enhancing patient safety. Additionally, these systems optimize workflow, lower operational costs, and improve inventory control. The dominating role of automated medication dispensing systems underscores their critical contribution to the modernization and efficiency of pharmacy operations in healthcare settings.
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Data Bridge Market Research analyses that the North America Pharmacy Automation Market will grow at a CAGR of 9.9% during the forecast period of 2023 to 2030. Automation in healthcare optimizes processes, reducing the need for manual labor. This not only streamlines workflow but also cuts labor costs. Additionally, it minimizes medication wastage, resulting in significant cost savings for healthcare facilities.
Key Findings of the Study
Regulatory compliance is expected to drive the market's growth rate
The healthcare industry is subject to strict regulatory standards, necessitating precise record-keeping and adherence to guidelines. Automation systems offer a reliable means to ensure compliance by consistently and accurately documenting critical data. They facilitate real-time tracking, auditing, and reporting, helping healthcare facilities meet regulatory requirements more efficiently. By automating compliance-related tasks, organizations reduce the risk of errors, streamline the reporting process, and ensure that they operate within the bounds of regulatory frameworks, enhancing overall operational compliance.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Segments Covered
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Product (Systems, Software, and Services), Pharmacy Type (Independent, Chain, and Federal), Pharmacy Size (Large Size Pharmacy, Medium Size Pharmacy, and Small Size Pharmacy), Application (Drug Dispensing and Packaging, Drug Storage, and Inventory Management), End User (Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Online Pharmacies, Central Fill/Mail Order Pharmacies, Pharmacy Benefit Management Organizations, and Others), Distribution Channel (Direct Tender and Third Party Distributor)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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ARxIUM (U.S.), OMNICELL INC. (U.S.), Cerner Corporation (U.S.), Capsa Healthcare (U.S.), ScriptPro LLC (U.S.), RxSafe, LLC. (U.S.), MedAvail Technologies, Inc. (U.S.), Asteres Inc. (U.S.), InterLink AI, Inc. (U.S.), BD (Becton, Dickinson and Company) (U.S.), Baxter (U.S.), Fullscript (Canada), McKesson Corporation (U.S.), Innovation Associates (U.S.), AmerisourceBergen Corporation (U.S.), UNIVERSAL LOGISTICS HOLDINGS, INC (U.S.), Takazono Corporation (Japan), TOSHO Inc. (Japan), Willach Group (Germany), BIQHS (Canada), Synergy Medical (Canada), Yuyama (Japan), APD Algoritmos Procesos y Diseños S.A (Argentina), JVM Europe BV (Netherlands), Genesis Automation LTD (Ireland), myPak Solutions Pty Ltd. (Australia), Demodeks Pharmacy Shelving (Turkey), Deenova S.r.l. (Italy), KUKA AG (Germany), KLS Pharma Robotics GmbH (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The North America pharmacy automation market is segmented into six notable segments based on product, pharmacy type, pharmacy size, application, end user, and distribution channel.
- On the basis of product, the market is segmented into systems, software, and services.
- On the basis of pharmacy type, the market is segmented into independent, chain, and federal.
- On the basis of pharmacy size, the market is segmented into large size pharmacy, medium size pharmacy, and small size pharmacy.
- On the basis of application, the market is segmented into drug dispensing and packaging, drug storage, and inventory management.
- On the basis of end user, the market is segmented into inpatient pharmacies, outpatient pharmacies, retail pharmacies, online pharmacies, central fill/mail order pharmacies, pharmacy benefit management organizations, and others.
- On the basis of distribution channel, the market is segmented into direct tender and third party distributor.
Major Players
Data Bridge Market Research recognizes the following companies as the North America pharmacy automation market players in North America pharmacy automation market are ARxIUM (U.S.), OMNICELL INC. (U.S.), Cerner Corporation (U.S.), Capsa Healthcare (U.S.), ScriptPro LLC (U.S.), RxSafe, LLC. (U.S.), MedAvail Technologies, Inc. (U.S.), Asteres Inc. (U.S.), InterLink AI, Inc. (U.S.), BD (Becton, Dickinson and Company) (U.S.).
Market Developments
- In January 2023, AmerisourceBergen Corporation successfully completed its acquisition of PharmaLex Holding GmbH. This strategic move bolsters AmerisourceBergen's growth strategy by strengthening its position in specialty services and expanding its pharma manufacturer services capabilities across North America. The acquisition enables AmerisourceBergen to offer a broader range of services to pharmaceutical manufacturers and solidifies its commitment to enhancing its leadership in the pharmaceutical industry, ultimately benefiting its clients and stakeholders.
- In February 2022, Baxter, a global healthcare company, achieved authorization from the Common Vulnerability and Exposures (CVE) program to serve as a CVE Numbering Authority. This designation allows Baxter to assign unique CVE identifiers to vulnerabilities in software and hardware products, contributing to the global cybersecurity ecosystem. It empowers Baxter to play a crucial role in identifying, cataloging, and addressing vulnerabilities, enhancing the security and resilience of its healthcare solutions and systems.
Regional Analysis
Geographically, the countries covered in the North America pharmacy automation market report are U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. is expected to dominate the North America pharmacy automation market in the forecast period 2023-2030
In 2023, the U.S. is projected to maintain its dominance in the North American healthcare automation market. Key players such as OMNICELL, INC., McKesson Corporation, and AmerisourceBergen Corporation play a pivotal role in the region's market. The increasing emphasis on reducing medication errors through automation solutions is a significant driver of market growth. These technologies enhance medication management, streamline processes, and ensure patient safety, aligning with the growing demand for efficient healthcare systems in the U.S. and the broader North American region.
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