Global Pharmacy Automation Market Size, Trends, and Growth Opportunity, By Product (Automated Medication Dispensing Systems, Automated Packaging and Labeling Systems, Automated Table-Top Counters, Automated Storage and Retrieval Systems, Other Pharmacy Automation Systems), 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, Pharmacy Benefit Management Organization and Mail Order Pharmacies, Retail Pharmacies) By Region and forecast till 2027.
Global Pharmacy Automation Market
Global Pharmacy Automation Market was valued at USD 5.1 billion in 2021 and is slated to reach USD 8.3 billion by 2027 at a CAGR of 8.4 % from 2022-2027.
Pharmacy automation refers to the automation of routine tasks and processes in pharmacies and other healthcare settings. Pharmacy automation refers to the mechanical process involved in any task performed in a pharmacy, such as analysing and combining powders and liquids for compounding, counting small objects, and tracking and updating customer information in databases. The introduction of automation helped to reduce medication administration mistakes, thereby enhancing patient safety.
Market Drivers
Medication and dispensing errors have been identified as the leading causes of hospital readmissions worldwide. Pharmaceutical errors can be caused by a variety of factors, including poor order communication between the doctor and pharmacist and dangerous pharmacy storage procedures, which can accelerate the market's growth rate. Furthermore, automated methods are regarded as one of the most important means of problem resolution. As a result, this factor boosts the market growth. Because of their ability to eliminate medication errors, reduce procedural time, and improve patient safety concerns, automated medication dispensing systems are in high demand. The rising infection rate increased the demand for medications, particularly during the pandemic. The demand for automated medication dispensing systems increased as the number of infections increased. As a result, hospitals and pharmacies choose these automated systems, which has increased demand. Thus, it encourages market expansion.
Market Restraints
Many healthcare professionals use IT-based pharmacy management approaches. Several pharmacists are hesitant to seek assistance and are unsure about which pharmacy automation systems to use. The cost of installing these automated systems was prohibitively expensive for small-volume pharmacies and hospitals. As a result, market growth is hampered. Several organizations’ stringent regulatory approvals stymie market growth. Different manufacturers of automated systems have to stick to numerous regulations; therefore, this hampers the market growth.
Impact of COVID-19
Pharmacy automation sales were affected by the COVID-19 pandemic. This helped people access basic and advanced healthcare facilities properly, raise awareness of various diseases, control the spread of pandemics, and significantly reduce m This means that the COVID-19 pandemic increased demand for pharmacy automation. The benefits associated with pharmacy automation, such as an electronic process of distributing, sorting, packaging, and counting prescription medications and improving efficiency by minimizing labor costs, are expected to drive significant growth over the forecast period.
Recent Developments
Becton, Dickinson and Company and Frazier Healthcare Partners agreed in June 2022 to buy Parata Systems, an innovative provider of pharmacy automation solutions, for USD 1.525 billion. A growing network of pharmacies relies on Parata's portfolio of innovative pharmacy automation solutions to reduce costs, improve patient safety, and enhance the patient experience.
The UK market will be introduced to Deenova's ground-breaking Pay-Per-Dose unit dose pharmacy automation service in May 2022. In the Greater London Metropolitan Area, both NHS and private hospitals will have access to this newly developed Pay-Per-Dose solution starting in late 2022.
Market Segmentation
Global Pharmacy Automation Market is segmented By Product, Pharmacy Type, Pharmacy Size, Application, and End User. By Products such as Automated Medication Dispensing Systems, Automated Packaging and Labeling Systems, Automated Table-Top Counters, Automated Storage and Retrieval Systems, and Other Pharmacy Automation Systems. By Pharmacy Types such as Independent, Chain, and Federal. By Pharmacy Sizes such as Large Size Pharmacy, Medium Size Pharmacy, and Small Size Pharmacy. By Applications such as Drug Dispensing and Packaging, Drug Storage, and Inventory Management. By End Users such as Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations Mail Order Pharmacies, and Retail Pharmacies.
Regional Analysis
Global Pharmacy Automation Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. The vast technological advancements in medication management in hospitals and pharmacies in North America have led to a dominance in the market for pharmacy automation. Additionally, the market for pharmacy automation in the region will expand during the forecast period due to growing concerns about inadequate inventory management. The Asia-Pacific region is anticipated to expand significantly as a result of rising demand to lower medication errors and pharmacy decentralisation. In addition, market participants' technological advancements and the region's rapidly ageing population are anticipated to fuel the market for pharmacy automation in the region's future expansion.
Key Players
This report includes a list of numerous Key Players, namely Fullscript (Canada), MedAvail Technologies, Inc. (Canada), and Talyst, LLC. (U.S.), OMNICELL, INC. (U.S.), Cerner Corporation (U.S.), Capsa Healthcare (U.S.), McKesson Corporation (U.S.), AmerisourceBergen Corporation (U.S.), Gebr. Willach GmbH (Germany), Grifols, S.A. (Spain).
Market Taxonomy  
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
By Pharmacy Type
• Independent
• Chain
• Federal
By Pharmacy Size
• Large Size Pharmacy
• Medium Size Pharmacy
• Small Size Pharmacy
By Application
• Drug Dispensing and Packaging
• Drug Storage and Inventory Management
By End User
• Inpatient Pharmacies
• Outpatient Pharmacies
• Pharmacy Benefit Management Organization
• Mail Order Pharmacies
• Retail Pharmacies
By Region
• North America Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

Global Pharmacy Automation Market
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Pharmacy Automation Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Pharmacy Automation Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Pharmacy Automation Market Share Analysis, By Product
5.3 Global Pharmacy Automation Market Size and Forecast, By Product
5.3.1 Medication Dispensing Systems
5.3.2 Packaging And Labeling Systems
5.3.3 Storage And Retrieval Systems
5.3.4 Automated Medication Compounding Systems
5.3.5 Tabletop Tablet Counters
6 Global Pharmacy Automation Market, By Pharmacy Type
6.1 Y-o-Y Growth Comparison, By Pharmacy Type
6.2 Global Pharmacy Automation Market Share Analysis, By Pharmacy Type
6.3 Global Pharmacy Automation Market Share Analysis, By Pharmacy Type
6.3.1 Independent
6.3.2 Chain
6.3.3 Federal
7.Global Pharmacy Automation Market, By Pharmacy Size
7.1 Y-o-Y Growth Comparison, By Pharmacy Size
7.2 Global Pharmacy Automation Market Share Analysis, By Pharmacy Size
7.3 Global Pharmacy Automation Market Share Analysis, By Pharmacy Size
7.3.1 Large Size Pharmacy
7.3.2 Medium Size Pharmacy
7.3.3 Small Size Pharmacy
8.Global Pharmacy Automation Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Pharmacy Automation Market Share Analysis, By Application
8.3 Global Pharmacy Automation Market Share Analysis, By Application
8.3.1 Drug Dispensing and Packaging
8.3.2 Drug Storage and Inventory Management
9.Global Pharmacy Automation Market, By End User
9.1 Y-o-Y Growth Comparison, By End User
9.2 Global Pharmacy Automation Market Share Analysis, By End User
9.3 Global Pharmacy Automation Market Share Analysis, By End User
9.3.1 Inpatient Pharmacies
9.3.2 Outpatient Pharmacies
9.3.3 Pharmacy Benefit Management Organization
9.3.4 Mail Order Pharmacies
9.3.5 Retail Pharmacies 
10 Global Pharmacy Automation Market, By Region
10.1 Global Pharmacy Automation Market Share Analysis, By Region
10.2 Global Pharmacy Automation Market Share Analysis, By Region
11 North America Pharmacy Automation Market and Forecast (2022-2027)
11.1 Introduction
11.2 North America Pharmacy Automation Market Share Analysis, By Product
11.3 North America Pharmacy Automation Market Size and Forecast, By Pharmacy Type
11.4 North America Pharmacy Automation Market, By Pharmacy Size
11.5 North America Pharmacy Automation Market Size and Forecast, By Application
11.6 North America Pharmacy Automation Market Share Analysis, By End User
11.7 North America Pharmacy Automation Market Size and Forecast, By Country
11.7.1 U.S
11.7.2 Canada
11.7.3 Mexico
12 Europe Pharmacy Automation Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Pharmacy Automation Market Share Analysis, By Product
12.3 Europe Pharmacy Automation Market Size and Forecast, By Pharmacy Type
12.4 Europe Pharmacy Automation Market, By Pharmacy Size
12.5 Europe Pharmacy Automation Market Size and Forecast, By Application
12.6 Europe Pharmacy Automation Market Share Analysis, By End User
10.7 Europe Pharmacy Automation Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Pharmacy Automation Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia-Pacific Pharmacy Automation Market Size and Forecast, By Product
13.3 Asia-Pacific Pharmacy Automation Market Size and Forecast, By Pharmacy Type
13.4 Asia-Pacific Pharmacy Automation Market, By Pharmacy Size
13.5 Asia-Pacific Pharmacy Automation Market Size and Forecast, By Application
13.6 Asia-Pacific Pharmacy Automation Market Share Analysis, By End User
11.7 Asia-Pacific Pharmacy Automation Market Size and Forecast, By Country
11.7.1 China 
11.7.2 Japan
11.7.3 India
11.5.4. Rest of Asia Pacific
14 Latin America Pharmacy Automation Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Pharmacy Automation Market Size and Forecast, By Product
14.3 Latin America Pharmacy Automation Market Size and Forecast, By Pharmacy Type
14.4 Latin America Pharmacy Automation Market, By Pharmacy Size
14.5 Latin America Pharmacy Automation Market Size and Forecast, By Application
14.6 Latin America Pharmacy Automation Market Share Analysis, By End User
14.7 Latin America Pharmacy Automation Market Size and Forecast, By Country
14.7.1 Brazil
14.7.2.Rest of Latin America
15 Middle East Pharmacy Automation Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Pharmacy Automation Market Share Analysis, By Product
15.3 Middle East Pharmacy Automation Market Size and Forecast, By Pharmacy Type
15.4 Middle East Pharmacy Automation Market, By Pharmacy Size
15.5 Middle East Pharmacy Automation Market Size and Forecast, By Application
15.6 Middle East Pharmacy Automation Market Share Analysis, By End User
15.7 Middle East Pharmacy Automation Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.2. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1. Fullscript (Canada)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. MedAvail Technologies, Inc. (Canada)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. Talyst, LLC. (U.S.)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4. OMNICELL, INC. (U.S.)
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5. Cerner Corporation (U.S.)
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6. Capsa Healthcare (U.S.)
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7. McKesson Corporation (U.S.)
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8. AmerisourceBergen Corporation (U.S.)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9. Gebr. Willach GmbH (Germany)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10. Grifols, S.A. (Spain)
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies