Pharmacy Automation Market

Market Insights:

The pharmacy automation market is expected to see significant growth throughout the forecast period of 2015–2022. The pharmacy automation industry includes the integration of intelligent software and industry-scale machinery to improve the efficiency of retail as well as hospital pharmacies. The demand for pharmacy automation solutions is growing steadily with rising pressure to reduce medication errors and stringent government regulations across the world. In addition, rising awareness about the benefits of pharmacy automation solutions is also driving the demand for these solutions, along with the rising number of patient visits per day. This represents a positive outlook for solution providers across the value chain of the pharmacy automation industry.

This report includes in-depth information on factors affecting the growth of the global pharmacy automation market. The study highlights market drivers and restraints, which help industry players formulate their growth strategies. The report also includes the product, technology, and demand and supply trends in all regions covered in the scope of the study. The study also includes high-level analysis such as value chain analysis, market attractiveness analysis, and competitive analysis of the pharmacy automation industry.

The study includes market estimates and forecasts for the period 2013–2022. This includes the historical market size (US$ Bn) of the market (2013 and 2014), a market estimate for 2015, and a forecast for the period 2016–2022. The report includes a market estimate and trends for different pharmacy automation solutions and their application segments. The study covers the pharmacy automation market in North America, Europe, Asia Pacific, the Middle East, South America, and Africa. Moreover, the report also includes market estimates and forecasts for the pharmacy automation market in major countries.

The report profiles major players in the global pharmacy automation industry. These profiles include product portfolios, financial overviews, recent developments, and business strategies. The report also includes the competitive positioning of key players in the global market.

We have considered the following applications of pharmacy automation technologies to estimate the overall market size:

• Automated Medication Dispensing
• Automated Packaging and Labeling
• Storage and Retrieval Systems
• Automated Compounding Systems
• Tabletop Counters

Automated dispensing solutions consist of drug storage and dispensing cabinets that electronically dispense medications in a controlled fashion. These solutions also keep records of medication use. Large and medium-sized hospitals are increasingly deploying automated dispensing systems to improve the medication distribution process and improve patients’ safety. Automated dispensing solutions accounted for the largest revenue share compared to other types of product categories. The adoption of automated dispensing systems is increasing steadily in the Asia Pacific and the Middle East, thanks to government support for installing these solutions and rising medical tourism in these regions. Automated compounding devices (ACD) solutions are expected to see the fastest growth through the forecast period.

Automated compounding devices (ACDs) are commonly used by healthcare providers and pharmacists for the preparation of parenteral nutrition admixtures. Healthcare providers are increasingly installing these solutions in order to reduce adverse drug events and achieve zero medication errors. Continuous advancement in software solutions to provide customized solutions is expected to drive the demand for advanced compounding solutions through the forecast period. Tabletop tablet counter machines are also expected to see significant growth with rising demand from small pharmacists. Tabletop counter systems are gaining popularity in all types of pharmacies due to their low installation cost and small size.

We have automated solutions used in hospital pharmacies and retail pharmacies to estimate the overall size of this market. Hospital pharmacies provide medication to inpatients and some outpatients visiting a healthcare organization. Large and mid-sized hospitals and drug chains are increasingly deploying packaging solutions and dispensing units in order to reduce medication errors and improve the efficiency of the drug dispensing process. Large hospitals (multiple buildings) with sufficient space and funding invest a significant amount in advanced pharmacy automation solutions. In North America and Europe, almost all large hospitals are equipped with advanced technology and integrated solutions. Large and medium-sized hospitals also invest in automated storage and retrieval solutions. In addition, they also invest in inventory management solutions to reduce the risk of an out-of-stock situation.

In North America, almost all hospital pharmacies are equipped with advanced solutions to improve the performance of pharmacy operations. The hospital pharmacy segment accounted for the largest revenue share compared to the retail pharmacy segment. Retail pharmacies in developed regions are experiencing high pressure from the rising number of customer visits per day due to a rapidly aging population. The retail pharmacy segment is expected to see the fastest growth as pharmacy stores in developing countries are investing significant amounts in advanced solutions to automate their operations and fulfill unmet needs for patient safety.

We have segmented the global pharmacy automation market into four regions, i.e., North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The rest of the world region includes South America, the Middle East, and Africa. North America is the largest regional market for pharmacy automation and accounts for more than 55.0% of the global market’s revenue share. This is particularly due to the high installation rate of automated solutions at healthcare facilities and stringent government regulations to improve patient safety. The large size of healthcare organizations and retail pharmacy chains, as well as the rising need to improve the productivity of workforces in complex environments and reduce medication errors, are supporting the growth of pharmacy automation solutions in North America.

In addition, stringent drug compounding regulations and drug packaging and labeling regulations to inform patients about medications are also expected to spur the demand for packaging and compounding solutions. North America is expected to see slower growth compared to other regions due to market maturity. In Europe, most the hospitals are publicly owned, and pharmacies in all public, as well as private hospitals are equipped with advanced facilities. The medication dispensing system is more centralized compared to the dispensing systems used in North America. Asia Pacific is the most price-sensitive market, and pharmacists in these regions invest in low-cost solutions. However, the pharmacy automation market is expected to see the fastest growth through the forecast period with the rising expansion of multinational pharmacy chains, particularly in India and China.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Pharmacy Automation Market
2.2 Global Pharmacy Automation Market, By Product
2.3 Global Pharmacy Automation Market, By End Use
2.4 Global Pharmacy Automation Market, By Geography

Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Pharmacy Automation Market Revenue and Growth, 2013 – 2022, (US$ Bn)
3.2 Key Market Trends and Future Outlook
3.2.1 Evolution of Pharmacy Automation Market Technology
3.2.2 Recent Trends
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Opportunities
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
3.7 Value Chain Analysis
3.8 Market Penetration Scenario, 2015
3.9 Competitive Analysis
3.9.1 Market Positioning of Key Vendors

Chapter 4 Pharmacy Automation Market by Product Type
4.1 Market Analysis
4.2 Global Automated Medication Dispensing Market Revenue and Growth, 2013 – 2022, (US$ Bn)
4.3 Global Automated Packaging & Labeling Market Revenue and Growth, 2013 – 2022, (US$ Bn)
4.4 Global Storage & Retrieval Systems Market Revenue and Growth, 2013 – 2022, (US$ Bn)
4.5 Global Automated Compounding Systems Market Revenue and Growth, 2013 – 2022, (US$ Bn)
4.6 Global Table-top Counter Market Revenue and Growth, 2013 – 2022, (US$ Bn)

Chapter 5 Pharmacy Automation Market by End Use
5.1 Market Analysis
5.2 Global Hospital Pharmacy Automation Market Revenue and Growth, 2013 – 2022, (US$ Bn)
5.3 Global Retail Pharmacy Automation Market Revenue and Growth, 2013 – 2022, (US$ Bn)

Chapter 6 North America Pharmacy Automation Market Analysis
6.1 Overview
6.2 North America Pharmacy Automation Market Analysis, By Product, 2013 – 2022 (US$ Bn)
6.2.1 SRC Analysis
6.3 North America Pharmacy Automation Market Analysis, By End Use, 2013 – 2022 (US$ Bn)
6.3.1 SRC Analysis
6.4 North America Pharmacy Automation Market Analysis, By Country, 2013 – 2022 (US$ Bn)
6.4.1 SRC Analysis

Chapter 7 Europe Pharmacy Automation Market Analysis
7.1 Overview
7.2 Europe Pharmacy Automation Market Analysis, By Product, 2013 – 2022 (US$ Bn)
7.2.1 SRC Analysis
7.3 Europe Pharmacy Automation Market Analysis, By End Use, 2013 – 2022 (US$ Bn)
7.4 Europe Pharmacy Automation Market Analysis, By Country, 2013 – 2022 (US$ Bn)
7.4.1 SRC Analysis

Chapter 8 Asia Pacific Pharmacy Automation Market Analysis
8.1 Overview
8.2 Asia Pacific Pharmacy Automation Market Analysis, By Product, 2013 – 2022 (US$ Bn)
8.2.1 SRC Analysis
8.3 Asia Pacific Pharmacy Automation Market Analysis, By End Use, 2013 – 2022 (US$ Bn)
8.4 Asia Pacific Pharmacy Automation Market Analysis, By Country, 2013 – 2022 (US$ Bn)
8.4.1 SRC Analysis

Chapter 9 Rest of the World (RoW)Pharmacy Automation Market Analysis
9.1 Overview
9.2 RoW Pharmacy Automation Market Analysis, By Product, 2013 – 2022 (US$ Bn)
9.2.1 SRC Analysis
9.3 Europe Pharmacy Automation Market Analysis, By Application, 2013 – 2022 (US$ Bn)
9.4 RoW Pharmacy Automation Market Analysis, By Country, 2013 – 2022 (US$ Bn)
9.4.1 SRC Analysis

Chapter 10 Company Profiles
10.1 AmerisourceBergen Corporation
10.1.1 AmerisourceBergen Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.2 Baxter International Inc
10.2.1 Baxter International Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.3 CareFusion Corporation
10.3.1 CareFusion Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.4 Cerner Corporation
10.4.1 Cerner Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.5 Health Robotics SRL
10.5.1 Health Robotics SRL: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.6 McKesson Corporation
10.6.1 McKesson Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.7 Kirby Lester
10.7.1 Kirby Lester: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.8 ScriptPro LLC
10.8.1 ScriptPro LLC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.9 Yuyama Co., Ltd
10.9.1 Yuyama Co., Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.10 Talyst Inc
10.9.1 Talyst Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
10.11 Swisslog Holding Ltd
10.9.1 Swisslog Holding Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)

List of Figures

FIG. 1 Global Pharmacy Automation Market: Market Segmentation
FIG. 2 Global Pharmacy Automation Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Pharmacy Automation Market, By Product, 2014 (US$ Bn)
FIG. 5 Global Pharmacy Automation Market, By End Use, 2014 (US$ Bn)
FIG. 6 Global Pharmacy Automation Market, By Geography, 2014 (US$ Bn)
FIG. 7 Global Pharmacy Automation Market Revenue, 2013 – 2022, (US$ Bn)
FIG. 8 See-Saw Analysis : Global Pharmacy Automation Market
FIG. 9 Value Chain Analysis: Global Pharmacy Automation Market Industry
FIG. 10 Market Positioning of Key Pharmacy Automation Market Manufacturers, 2014
FIG. 11 Global Pharmacy Automation Market Revenue Contribution, By Product Type, 2014 & 2022 (US$ Bn)
FIG. 12 Global Automated Medication Dispensing Market Revenue and Growth, 2013 – 2022, (US$ Bn)
FIG. 13 Global Automated Packaging & Labelling Market Revenue and Growth, 2013 – 2022, (US$ Bn)
FIG. 14 Global Storage & Retrieval Systems Market Revenue and Growth, 2013 – 2022, (US$ Bn)
FIG. 15 Global Automated Compounding Systems Market Revenue and Growth, 2013 – 2022, (US$ Bn)
FIG. 16 Global Table-top Counter Market Revenue and Growth, 2013 – 2022, (US$ Bn)
FIG. 17 Global Pharmacy Automation Market Revenue Contribution, By End Use, 2014 & 2022 (US$ Bn)
FIG. 18 Global Hospital Pharmacy Automation Market Revenue and Growth, 2013 – 2022, (US$ Bn)
FIG. 19 Global Retail Pharmacy Automation Market Revenue and Growth, 2013 – 2022, (US$ Bn)
FIG. 20 North America Pharmacy Automation Market Revenue and Growth, 2013 – 2022, (US$ Bn)
FIG. 21 Europe Pharmacy Automation Market Revenue and Growth, 2013 – 2022, (US$ Bn)
FIG. 22 Asia Pacific Pharmacy Automation Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Thousand Units)
FIG. 23 RoW Pharmacy Automation Market Revenue and Growth, 2013 – 2022, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Pharmacy Automation Market
TABLE 2 Evolution of Pharmacy Automation Market Technology
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Pharmacy Automation Market Revenue, By Product, 2013 – 2022 (US$ Bn)
TABLE 6 North America Pharmacy Automation Market Revenue, By Application, 2013 – 2022 (US$ Bn)
TABLE 7 North America Pharmacy Automation Market Revenue, By Country, 2013 – 2022 (US$ Bn)
TABLE 8 Europe Pharmacy Automation Market Revenue, By Product, 2013 – 2022 (US$ Bn)
TABLE 9 Europe Pharmacy Automation Market Revenue, By End Use, 2013 – 2022 (US$ Bn)
TABLE 10 Europe Pharmacy Automation Market Revenue, By Country, 2013 – 2022 (US$ Bn)
TABLE 11 Asia Pacific Pharmacy Automation Market Revenue, By Product, 2013 – 2022 (US$ Bn)
TABLE 12 Asia Pacific Pharmacy Automation Market Revenue, By End Use, 2013 – 2022 (US$ Bn)
TABLE 13 Asia Pacific Pharmacy Automation Market Revenue, By Country, 2013 – 2022 (US$ Bn)
TABLE 14 RoW Pharmacy Automation Market Revenue, By Product, 2013 – 2022 (US$ Bn)
TABLE 15 RoW Pharmacy Automation Market Revenue, By End Use, 2013 – 2022 (US$ Bn)
TABLE 16 RoW Pharmacy Automation Market Revenue, By Country, 2013 – 2022 (US$ Bn)
TABLE 17 AmerisourceBergen Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 18 Baxter International Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 19 CareFusion Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 20 Cerner Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 21 Health Robotics SRL: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 22 McKesson Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 23 Kirby Lester: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 24 ScriptPro LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 25 Yuyama Co., Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 26 Talyst Inc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 27 Swisslog Holding Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)