Pharmacy Automation Devices Market Size, Share & Trends Analysis Report By Product (Medication Dispensing Systems, Automated Medication Compounding Systems), By End-use (Outpatient Pharmacies), By Region, And Segment Forecasts, 2023 - 2030

Market Segmentation

• Pharmacy Automation Devices by Product Outlook (Revenue, USD Billion, 2018 - 2030)
  • Medication dispensing systems
    • Robots/robotic automated dispensing systems
    • Carousels
    • Automated dispensing cabinets
  • Packaging and labeling systems
  • Storage and retrieval systems
  • Automated medication compounding systems
  • Tabletop Tablet Counters
• Pharmacy Automation Devices by End-Use Outlook (Revenue, USD Billion, 2018 - 2030)
  • Retail Pharmacy
  • Inpatient Pharmacies
  • Outpatient Pharmacies
  • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
• Pharmacy Automation Devices Regional Outlook (Revenue, USD Billion, 2018 - 2030)
  • North America
    • North America Pharmacy Automation Devices Market, By Product
      • Medication dispensing systems
        • Robots/robotic automated dispensing systems
        • Carousels
        • Automated dispensing cabinets
      • Packaging and labeling systems
      • Storage and retrieval systems
      • Automated medication compounding systems
      • Tabletop Tablet Counters
    • North America Pharmacy Automation Devices Market, By End Use
      • Retail Pharmacy
      • Inpatient Pharmacies
      • Outpatient Pharmacies
      • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • U.S.
      • U.S. Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • U.S. Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Canada
      • Canada Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Canada Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
  • Europe
    • Europe Pharmacy Automation Devices Market, By Product
      • Medication dispensing systems
        • Robots/robotic automated dispensing systems
        • Carousels
        • Automated dispensing cabinets
      • Packaging and labeling systems
      • Storage and retrieval systems
      • Automated medication compounding systems
      • Tabletop Tablet Counters
    • Europe Pharmacy Automation Devices Market, By End Use
      • Retail Pharmacy
      • Inpatient Pharmacies
      • Outpatient Pharmacies
      • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • UK.
      • UK Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • UK Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Germany
      • Germany Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Germany Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • France
      • France Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • France Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Italy
      • Italy Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Italy Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Spain
      • Spain Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Spain Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Russia
      • Russia Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Russia Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Austria
      • Austria Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Austria Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Switzerland
      • Switzerland Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Switzerland Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Denmark
      • Denmark Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Denmark Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Sweden
      • Sweden Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Sweden Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Norway
      • Norway Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Norway Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Belgium
      • Belgium Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Belgium Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Netherlands
      • Netherlands Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Netherlands Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
  • Asia Pacific
    • Asia Pacific Pharmacy Automation Devices Market, By Product
      • Medication dispensing systems
        • Robots/robotic automated dispensing systems
        • Carousels
        • Automated dispensing cabinets
      • Packaging and labeling systems
      • Storage and retrieval systems
      • Automated medication compounding systems
      • Tabletop Tablet Counters
    • Asia Pacific Pharmacy Automation Devices Market, By End Use
      • Retail Pharmacy
      • Inpatient Pharmacies
      • Outpatient Pharmacies
      • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • China
      • China Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • China Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Japan
      • Japan Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Japan Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • India
      • India Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • India Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • South Korea
      • South Korea Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • South Korea Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Australia
      • Australia Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Australia Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Thailand
      • Thailand Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Thailand Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Hong Kong
      • Hong Kong Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Hong Kong Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
  • Latin America
    • Latin America Pharmacy Automation Devices Market, By Product
      • Medication dispensing systems
        • Robots/robotic automated dispensing systems
        • Carousels
        • Automated dispensing cabinets
      • Packaging and labeling systems
      • Storage and retrieval systems
      • Automated medication compounding systems
      • Tabletop Tablet Counters
    • Latin America Pharmacy Automation Devices Market, By End Use
      • Retail Pharmacy
      • Inpatient Pharmacies
      • Outpatient Pharmacies
      • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Brazil
      • Brazil Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Brazil Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Mexico
      • Mexico Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Mexico Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Argentina
      • Argentina Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Argentina Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
  • Middle East & Africa
    • Middle East & Africa Pharmacy Automation Devices Market, By Product
      • Medication dispensing systems
        • Robots/robotic automated dispensing systems
        • Carousels
        • Automated dispensing cabinets
      • Packaging and labeling systems
      • Storage and retrieval systems
      • Automated medication compounding systems
      • Tabletop Tablet Counters
    • Middle East & Africa Pharmacy Automation Devices Market, By End Use
      • Retail Pharmacy
      • Inpatient Pharmacies
      • Outpatient Pharmacies
      • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • South Africa
      • South Africa Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • South Africa Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Saudi Arabia
      • Saudi Arabia Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Saudi Arabia Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • UAE
      • UAE Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • UAE Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
    • Qatar
      • Qatar Pharmacy Automation Devices Market, By Product
        • Medication dispensing systems
          • Robots/robotic automated dispensing systems
          • Carousels
          • Automated dispensing cabinets
        • Packaging and labeling systems
        • Storage and retrieval systems
        • Automated medication compounding systems
        • Tabletop Tablet Counters
      • Qatar Pharmacy Automation Devices Market, By End Use
        • Retail Pharmacy
        • Inpatient Pharmacies
        • Outpatient Pharmacies
        • Pharmacy Benefit Management Organizations and Mail-Order Pharmacies

Pharmacy Automation Devices Market Dynamics

Driver: Rise in Medication Errors

Medication errors are a common concern and causes multiple problems. They can result in serious adverse effects, such as hospitalization, disability, birth defects, life-threatening situations, or death. These errors can occur during different stages of treatment, including prescribing, dispensing, hospitalization, or outpatient follow-up. The wrong dosage forms, drugs, dose, and labeling are often led to medication errors in pharmacies. Pharmacy automation can significantly reduce medication errors. For instance, automated medication dispensing systems can reduce medication errors by medication dose checking, screening similar looking prescription drug pairs, and clinical significance scoring. This, in turn, is estimated to drive the pharmacy automation market in the near future.

Restraint: Lack of Skilled Personnel in Automation Sector

Pharmacy automation solutions are designed to reduce workload in pharmacy operations and compliment human skill sets. However, lack of medical professionals for handling such advanced systems, especially in developing economies, is limiting market growth. Moreover, in developing countries, with increase in burden of geriatric population and rise in prevalence of chronic diseases, the number of prescriptions is growing. Thus, adequate number of skilled professionals are required for managing medication processes. Usage of automated technology requires trained and skilled personnel. Proper operation and handling of pharmacy automation products are necessary to facilitate smooth workflow. Management of software technologies requires assistance of skilled personnel to facilitate hassle-free tasks. However, dearth of trained personnel acts as a major restrain to growth of the pharmacy automation market.

Opportunity: Ongoing Covid-19 Pandemic Is Increasing Awareness Regarding Automation Among Pharmacists

Many pharmacy automation players witnessed a decline in revenue from second quarter of 2020 owing to COVID-19 pandemic. However, the pandemic has exposed gaps and challenges across the pharmacy supply chain, making more sophisticated automation and intelligence capabilities critical to effectively manage medications in the post-COVID world. The systems for managing medicines have remained largely unchanged for decades, while medications have increased in number and complexity, resulting in potentially greater risk of error. In addition, with the traditional methods of operation within pharmacies, pharmacists have witnessed various issues such as increase in medication errors and increased patient waiting time, due to the growing patient load. At present, awareness and concerns regarding medication errors and adverse events are increasing among healthcare professionals. Digitizing processes and improving workflow are helping the end-users better manage costs and improve efficiency across the continuum of care, driving better outcomes & performance and allowing them to reallocate time to focus on patient care.

What Does This Report Include?

This section will provide insights into the contents included in this pharmacy automation devices market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Pharmacy automation devices market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

Pharmacy automation devices market quantitative analysis

• Market size, estimates, and forecast from 2018 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance