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report thumbnailU.S. Pharmacy Automation Devices Market

U.S. Pharmacy Automation Devices Market Report Probes the USD Billion Size, Share, Growth Report and Future Analysis by 2032

U.S. Pharmacy Automation Devices Market by Product (Automated Medication Dispensing Systems [Robotic Dispensing Systems, Automated Dispensing Cabinets], Automated Packaging Systems, Others), by Distribution Model (Centralized, Decentralized), by End-user (Hospitals Pharmacies, Retail Pharmacies, Others), by Forecast 2024-2032

Oct 14 2024
Base Year: 2023
120 Pages
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U.S. Pharmacy Automation Devices Market Report Probes the USD Billion Size, Share, Growth Report and Future Analysis by 2032

Key Insights

The U.S. Pharmacy Automation Devices Market size was valued at USD 1.27 USD Billion in 2023 and is projected to reach USD 2.60 USD Billion by 2032, exhibiting a CAGR of 10.8 % during the forecast period. The automation device is an advanced machine, that has been equipped to the users so as to greatly facilitate the medication dispensing activities in the pharmacy. Now, these automated devices are able to take the stress off of the activities like medication packing wrapping, labeling, dispensing, and controlling the final product, instead of humans. This more error-free and easier approach gives rise to production. The automated accountant, drug dispensed systems like medication dispensing systems, automated storage retrieval systems, technical prescription dispensing systems, and automatic compounding devices are the systems that can be used. Generally, it would come in with the capacity to scan bar codes, perform tasks like inventory management, and be easily interfaced with the pharmacy management software. Automation devices are multidimensional and their applications are found in independent pharmacies, hospitals, nursing homes and rehabilitation centers, mail-order pharmacies, and all affiliations related to safe drug delivery and patient care. In the USA, the spine medication devices market is progressing at a rapid rate because of the increased demand for pharmaceutical services, to improve the workflow and to allow patients to adhere properly to treatment plans. Such help was acutely needed during the COVID-19 pandemic.

U.S. Pharmacy Automation Devices Market Research Report - Market Size, Growth & Forecast

U.S. Pharmacy Automation Devices Trends

  • Increased focus on patient safety and medication adherence
  • Integration of AI and IoT technologies for improved efficiency and accuracy
  • Adoption of cloud-based solutions for remote monitoring and management
  • Growing demand for automated dispensing systems in retail pharmacies

Driving Forces: What's Propelling the U.S. Pharmacy Automation Devices Market

  • Technological advancements: Automation technologies enhance efficiency, accuracy, and medication safety, streamline workflows, and reduce medication errors.
  • Rising healthcare costs: Automation devices reduce labor costs through automating repetitive tasks, minimize medication waste through precise dispensing, and improve inventory management, resulting in cost savings.
  • Government initiatives: Regulatory support and funding encourage the adoption of automation to improve patient outcomes, enhance medication adherence, and reduce healthcare expenses.
  • Increasing prevalence of chronic diseases: Automation devices assist in managing complex medication regimens for chronic conditions, ensuring accurate and timely medication administration.
  • Integration with other healthcare systems: Automation devices integrate with electronic health records (EHRs) and other healthcare IT systems, facilitating data exchange and real-time medication tracking.
  • Growing demand for convenience: Automation devices enable convenient medication dispensing through self-service kiosks and remote access, enhancing patient satisfaction and adherence.
  • Labor shortages in healthcare: Automation devices alleviate the burden on pharmacy staff, allowing them to focus on providing value-added services to patients.

Challenges and Restraints in the U.S. Pharmacy Automation Devices Market

  • High cost of implementation: Purchasing and maintenance costs can be a barrier for smaller pharmacies
  • Lack of reimbursement: Limited coverage by insurance companies for automation devices
  • Integration challenges: Compatibility issues with existing pharmacy systems can impede adoption

Emerging Trends in U.S. Pharmacy Automation Devices

  • Mobile apps: Apps for remote medication management and tracking
  • Wearable devices: Integration with wearables for medication reminders and monitoring
  • Use of robotics: Automated robotic systems for dispensing and packaging medications

Growth Catalysts in the U.S. Pharmacy Automation Devices Industry

U.S. Pharmacy Automation Devices Market Growth
  • Rising demand for personalized medicine: Automation devices enable efficient handling of individual patient profiles
  • Government incentives: Programs to promote automation adoption in pharmacies
  • Growing awareness of medication errors: Automation reduces human error, improving patient safety

Leading Players in the U.S. Pharmacy Automation Devices Market

  • Omnicell, Inc. (U.S.)
  • BD (U.S.)
  • Yuyama Co., Ltd. (Japan)
  • Baxter (U.S.)
  • Capsa Healthcare (U.S.)
  • ScriptPro LLC (U.S.)
  • RxSafe, LLC. (U.S.)
  • Swisslog Healthcare (KUKA AG) (Switzerland)

Significant Developments in the U.S. Pharmacy Automation Devices Sector

  • Omnicell acquired Curlin Medical in 2022 to expand its automation solutions portfolio
  • BD launched BD Rowa Vmax 160 Automated Dispensing Cabinet in 2021
  • ScriptPro partnered with Walgreens in 2022 to implement automated dispensing systems in pharmacies

Comprehensive Coverage U.S. Pharmacy Automation Devices Market Report

  • Market size and growth projections
  • Detailed analysis of market segments and trends
  • In-depth insights into market drivers, challenges, and growth catalysts
  • Profiles of leading industry players and their strategies
  • Comprehensive coverage of industry developments and recent innovations

DROCT

  • D: Drivers: Technological advancements, rising healthcare costs, government initiatives
  • R: Restraints: High implementation costs, lack of reimbursement
  • O: Opportunities: Rising demand for personalized medicine, government incentives
  • C: Challenges: Integration challenges, limited technical expertise
  • T: Trends: Mobile apps, wearable devices, use of robotics

Pricing Analysis

  • Automated Medication Dispensing Systems: USD 50,000 - USD 200,000
  • Automated Packaging Systems: USD 25,000 - USD 100,000

Import And Export Analysis

  • Imports account for a significant portion of the U.S. market
  • Major exporting countries: Japan, Germany, China

Segmentation

Product:

  • Automated Medication Dispensing Systems
  • Robotic Dispensing Systems
  • Automated Dispensing Cabinets
  • Automated Packaging Systems
  • Others

Distribution Model:

  • Centralized
  • Decentralized

End-user:

  • Hospitals Pharmacies
  • Retail Pharmacies
  • Others

Patent/Trademark Analysis

  • Key patents related to automation technology in the healthcare industry
  • Analysis of recent trademark filings for pharmacy automation devices

U.S. Pharmacy Automation Devices Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 10.8 % from 2018-2032
Segmentation
    • By Product
      • Automated Medication Dispensing Systems [Robotic Dispensing Systems
      • Automated Dispensing Cabinets]
      • Automated Packaging Systems
      • Others
    • By Distribution Model
      • Centralized
      • Decentralized
    • By End-user
      • Hospitals Pharmacies
      • Retail Pharmacies
      • Others
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rising Strategic Acquisitions and Product Launches by Key Corporations will Propel Growth
      • 3.3. Market Restrains
        • 3.3.1. Need for High Capital Investments for Installation of the Devices to Hamper Market Growth
      • 3.4. Market Trends
        • 3.4.1. Rise in Adoption of Robotic Automated Systems across the U.S. Hospital Pharmacies to Propel Market Growth
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. U.S. Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Product
      • 5.1.1. Automated Medication Dispensing Systems [Robotic Dispensing Systems
      • 5.1.2. Automated Dispensing Cabinets]
      • 5.1.3. Automated Packaging Systems
      • 5.1.4. Others
    • 5.2. Market Analysis, Insights and Forecast - by Distribution Model
      • 5.2.1. Centralized
      • 5.2.2. Decentralized
    • 5.3. Market Analysis, Insights and Forecast - by End-user
      • 5.3.1. Hospitals Pharmacies
      • 5.3.2. Retail Pharmacies
      • 5.3.3. Others
    • 5.4. Market Analysis, Insights and Forecast - by Region
      • 5.4.1.
  6. 6. Northeast U.S. Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Product
        • 6.1.1 Automated Medication Dispensing Systems [Robotic Dispensing Systems and Automated Dispensing Cabinets]
        • 6.1.2 Automated Packaging Systems
        • 6.1.3 and Others
      • 6.2. Market Analysis, Insights and Forecast - By Distribution Model
        • 6.2.1 Centralized
        • 6.2.2 and Decentralized
      • 6.3. Market Analysis, Insights and Forecast - By End-user
        • 6.3.1 Hospitals Pharmacies
        • 6.3.2 Retail Pharmacies
        • 6.3.3 and Others
  7. 7. Southeast U.S. Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Product
        • 7.1.1 Automated Medication Dispensing Systems [Robotic Dispensing Systems and Automated Dispensing Cabinets]
        • 7.1.2 Automated Packaging Systems
        • 7.1.3 and Others
      • 7.2. Market Analysis, Insights and Forecast - By Distribution Model
        • 7.2.1 Centralized
        • 7.2.2 and Decentralized
      • 7.3. Market Analysis, Insights and Forecast - By End-user
        • 7.3.1 Hospitals Pharmacies
        • 7.3.2 Retail Pharmacies
        • 7.3.3 and Others
  8. 8. Midwest U.S. Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Product
        • 8.1.1 Automated Medication Dispensing Systems [Robotic Dispensing Systems and Automated Dispensing Cabinets]
        • 8.1.2 Automated Packaging Systems
        • 8.1.3 and Others
      • 8.2. Market Analysis, Insights and Forecast - By Distribution Model
        • 8.2.1 Centralized
        • 8.2.2 and Decentralized
      • 8.3. Market Analysis, Insights and Forecast - By End-user
        • 8.3.1 Hospitals Pharmacies
        • 8.3.2 Retail Pharmacies
        • 8.3.3 and Others
  9. 9. Southwest U.S. Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Product
        • 9.1.1 Automated Medication Dispensing Systems [Robotic Dispensing Systems and Automated Dispensing Cabinets]
        • 9.1.2 Automated Packaging Systems
        • 9.1.3 and Others
      • 9.2. Market Analysis, Insights and Forecast - By Distribution Model
        • 9.2.1 Centralized
        • 9.2.2 and Decentralized
      • 9.3. Market Analysis, Insights and Forecast - By End-user
        • 9.3.1 Hospitals Pharmacies
        • 9.3.2 Retail Pharmacies
        • 9.3.3 and Others
  10. 10. West U.S. Pharmacy Automation Devices Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Product
        • 10.1.1 Automated Medication Dispensing Systems [Robotic Dispensing Systems and Automated Dispensing Cabinets]
        • 10.1.2 Automated Packaging Systems
        • 10.1.3 and Others
      • 10.2. Market Analysis, Insights and Forecast - By Distribution Model
        • 10.2.1 Centralized
        • 10.2.2 and Decentralized
      • 10.3. Market Analysis, Insights and Forecast - By End-user
        • 10.3.1 Hospitals Pharmacies
        • 10.3.2 Retail Pharmacies
        • 10.3.3 and Others
  11. 11. Competitive Analysis
    • 11.1. Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 Omnicell Inc. (U.S.)
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 BD (U.S.)
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Yuyama Co. Ltd. (Japan)
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Baxter (U.S.)
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Capsa Healthcare (U.S.)
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 ScriptPro LLC (U.S.)
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 RxSafe LLC. (U.S.)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 Swisslog Healthcare (KUKA AG) (Switzerland)
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: U.S. Pharmacy Automation Devices Market Revenue Breakdown (undefined, %) by Product 2023 & 2031
  2. Figure 2: U.S. Pharmacy Automation Devices Market Value Share (%), by Product 2023 & 2031
  3. Figure 3: U.S. Pharmacy Automation Devices Market Value Share (%), by Distribution Model 2023 & 2031
  4. Figure 4: U.S. Pharmacy Automation Devices Market Value Share (%), by End-user 2023 & 2031
  5. Figure 5: U.S. Pharmacy Automation Devices Market Share (%) by Company 2023
List of Tables
  1. Table 1: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Product 2018 & 2031
  2. Table 2: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Distribution Model 2018 & 2031
  3. Table 3: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by End-user 2018 & 2031
  4. Table 4: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Region 2018 & 2031
  5. Table 5: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Product 2018 & 2031
  6. Table 6: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Distribution Model 2018 & 2031
  7. Table 7: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by End-user 2018 & 2031
  8. Table 8: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Region 2018 & 2031
  9. Table 9: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Product 2018 & 2031
  10. Table 10: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Distribution Model 2018 & 2031
  11. Table 11: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by End-user 2018 & 2031
  12. Table 12: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Country 2018 & 2031
  13. Table 13: Northeast U.S. Pharmacy Automation Devices Market Revenue (undefined) Forecast, by Application 2018 & 2031
  14. Table 14: Southeast U.S. Pharmacy Automation Devices Market Revenue (undefined) Forecast, by Application 2018 & 2031
  15. Table 15: Midwest U.S. Pharmacy Automation Devices Market Revenue (undefined) Forecast, by Application 2018 & 2031
  16. Table 16: Southwest U.S. Pharmacy Automation Devices Market Revenue (undefined) Forecast, by Application 2018 & 2031
  17. Table 17: West U.S. Pharmacy Automation Devices Market Revenue (undefined) Forecast, by Application 2018 & 2031
  18. Table 18: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Product 2018 & 2031
  19. Table 19: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Distribution Model 2018 & 2031
  20. Table 20: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by End-user 2018 & 2031
  21. Table 21: U.S. Pharmacy Automation Devices Market Revenue undefined Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 10.8 % from 2018-2032
Segmentation
    • By Product
      • Automated Medication Dispensing Systems [Robotic Dispensing Systems
      • Automated Dispensing Cabinets]
      • Automated Packaging Systems
      • Others
    • By Distribution Model
      • Centralized
      • Decentralized
    • By End-user
      • Hospitals Pharmacies
      • Retail Pharmacies
      • Others
  • By Geography

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
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STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

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  • Latest Research Reports
  • Opinion Leaders

Secondary Research

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  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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