Canada Pharmacy Automation Devices Market Size & Outlook
Canada Pharmacy Automation Devices Market, 2018-2030 (US$M)
Global Market
Related Markets
Canada pharmacy automation devices market highlights
- The Canada pharmacy automation devices market generated a revenue of USD 510.8 million in 2023 and is expected to reach USD 1,063.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, medication dispensing systems was the largest revenue generating product in 2023.
- Automated Medication Compounding Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Pharmacy automation devices market data book summary
| Market revenue in 2023 | USD 510.8 million |
| Market revenue in 2030 | USD 1,063.0 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Medication dispensing systems |
| Fastest growing segment | Automated Medication Compounding Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Packaging And Labeling Systems, Storage And Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters, Medication Dispensing Systems |
| Key market players worldwide | AmerisourceBergen Drug Corporation, Accu-Chart Plus Healthcare Systems, Omnicell Inc, McKesson Corp, Pearson Medical Technologies, Baxter International Inc, Swisslog, Health Robotics S.R.L, Becton Dickinson & Co, Kirby Lester, Oracle Corp, ARxIUM, Deenova, ScriptPro, Fulcrum Therapeutics, Medacist, IA Medical, TouchPoint Medical |
Other key industry trends
- In terms of revenue, Canada accounted for 8.5% of the global pharmacy automation devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. pharmacy automation devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,063.0 million by 2030.
Growing need of pharmacy automation, reducing the manual errors in dispensing, increasing productivity of pharmacy staff, improving efficiency of workflow, and rising burden of prescriptions are factors propelling market growth in Canada.
Increasing adoption of pharmacy automation by various pharmaceutical companies for various applications, including picking & packaging and inspection of pharmaceutical drugs is further driving the market in the country. For instance, Maalox—a Canadian startup—provides end of arm tooling solutions for enabling efficient robotic function.
The company’s mobile tech center enables users to test any robotic automation idea with the help of a collaborative robot OB7. The robot supports in testing applications such as pick and place. The company caters to various industries, including consumer packaged goods, automotive, and pharmaceuticals.
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Pharmacy Automation Devices Market Scope
Pharmacy Automation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oracle Corp | View profile | 164,000 | 2300 Oracle Way, Austin, TX, United States, 78741 | www.oracle.com |
| Baxter International Inc | View profile | 60,000 | One Baxter Parkway, Deerfield, IL, United States, 60015 | www.baxter.com |
| Becton Dickinson & Co | View profile | 73,000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | www.bd.com |
| McKesson Corp | View profile | 51,000 | 6555 State Highway 161, Irving, TX, United States, 75039 | www.mckesson.com |
| Omnicell Inc | View profile | 3,590 | 4220 North Freeway, Fort Worth, Santa Clara, CA, United States, 76137 | www.omnicell.com |
| Swisslog | View profile | 5001-10000 | Buchs, Inner-Rhoden, Switzerland, Europe | swisslog.com |
| AmerisourceBergen Drug Corporation | View profile | 11-50 | Kelayres, Pennsylvania, United States, North America | www.amerisourcebergendrug.com |
| Accu-Chart Plus Healthcare Systems | View profile | 11-50 | Schaumburg, Illinois, United States, North America | accuchart.com |
| Pearson Medical Technologies | View profile | 1-10 | Alexandria, Louisiana, United States, North America | www.pearsonmedical.com/ |
| Health Robotics S.R.L | View profile | - | - | www.health-robotics.com/ |
Canada Pharmacy Automation Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Pharmacy Automation Devices Market Outlook will help companies and investors design strategic landscapes.
Medication Dispensing Systems was the largest segment with a revenue share of 25.82% in 2023.
Horizon Databook has segmented the Canada pharmacy automation devices market based on packaging and labeling systems, storage and retrieval systems, automated medication compounding systems, tabletop tablet counters, medication dispensing systems covering the revenue growth of each sub-segment from 2018 to 2030.
Growing need of pharmacy automation, reducing the manual errors in dispensing, increasing productivity of pharmacy staff, improving efficiency of workflow, and rising burden of prescriptions are factors propelling market growth in Canada.
Increasing adoption of pharmacy automation by various pharmaceutical companies for various applications, including picking & packaging and inspection of pharmaceutical drugs is further driving the market in the country. For instance, Maalox—a Canadian startup—provides end of arm tooling solutions for enabling efficient robotic function.
The company’s mobile tech center enables users to test any robotic automation idea with the help of a collaborative robot OB7. The robot supports in testing applications such as pick and place. The company caters to various industries, including consumer packaged goods, automotive, and pharmaceuticals.
- Canada Pharmacy Automation Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Packaging And Labeling Systems
- Storage And Retrieval Systems
- Automated Medication Compounding Systems
- Tabletop Tablet Counters
- Medication Dispensing Systems
- Canada Pharmacy Automation Devices Market End-Use Outlook (Revenue, USD Million , 2018-2030)
- Retail Pharmacy
- Inpatient Pharmacies
- Outpatient Pharmacies
- Pharmacy Benefit Management Organizations and Mail-Order Pharmacies
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Pharmacy Automation Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Pharmacy Automation Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Pharmacy Automation Devices Market, 2018-2030 (US$M)
Canada pharmacy automation devices market statistics, by product, 2018-2030 (US$M)
