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North America Pharmacy Automation Market Research Report-Forecast till 2032
Market Report I 2024-04-30 I 96 Pages I Market Research Future
North America Pharmacy Automation Market Research Report-Forecast till 2032
Market Overview
Pharmacy automation refers to the use of technology and automated systems to perform various tasks and processes within a pharmacy setting. These technologies are designed to streamline and optimize the workflow in pharmacies, enhancing efficiency, accuracy, and overall patient care.
Increasing incidences of chronic diseases and increasing investment to bring technologically based solution in the region are the major factors driving the growth of the North America pharmacy automation market. However, the high initial investment to set up pharmacy automation is expected to hamper the growth of the regional market. Nevertheless, a growing geriatric population is anticipated to create lucrative opportunities for the market.
Market Segmentation
Based on product, the pharmacy automation market has been segmented into medication dispensing systems, packaging and labelling systems, Rx undercounter units, automated medication compounding systems, and others.
Based on end use, the market has been segmented into retail pharmacy, inpatient pharmacies, outpatient pharmacies, and pharmacy benefit management organizations and mail-order pharmacies.
Based on region, the North America pharmacy automation market has been segmented into US, Canada, and Mexico. The US accounted for the largest market share of 81.45% in 2022 and is anticipated to reach approximately USD 5,388.25 million by 2032 at an 7.60% CAGR during the forecast period. However, Canada is projected to grow at the highest CAGR of 9.04% during the forecast period.
Major Players
The key market players are Baxter, Omnicell Inc, McKesson Corporation, Becton, Dickinson and Company, Capsa Healthcare, ScriptPro LLC, Swisslog Healthcare, Pearson Medical Technologies.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 14
2 MARKET INTRODUCTION 16
2.1 DEFINITION 16
2.2 SCOPE OF THE STUDY 16
2.3 RESEARCH OBJECTIVE 16
2.4 MARKET STRUCTURE 17
3 RESEARCH METHODOLOGY 18
3.1 OVERVIEW 18
3.2 DATA FLOW 20
3.2.1 Data Mining Process 20
3.3 PURCHASED DATABASE: 21
3.4 SECONDARY SOURCES: 22
3.4.1 Secondary Research data flow: 23
3.5 PRIMARY RESEARCH: 24
3.5.1 Primary Research DATA FLOW: 25
3.5.2 Primary Research: Number of Interviews conducted 26
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 26
3.6.1 Revenue Analysis Approach 26
3.7 DATA FORECASTING 27
3.7.1 Data forecasting Technique 28
3.8 DATA MODELLING 29
3.8.1 microeconomic factor analysis: 29
3.8.2 Data moldelling: 30
3.9 TEAMS AND ANALYST CONTRIBUTION 32
4 MARKET DYNAMICS 34
4.1 INTRODUCTION 34
4.2 DRIVERS 35
4.2.1 Increasing incidences of chronic diseases across the north america 35
4.2.2 Increasing investment to bring technologically based solution in the North America 35
4.3 RESTRAINTS 36
4.3.1 High initial investment to set-up pharmacy automation 36
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4.4 OPPORTUNITY 37
4.4.1 Growing geriatric population 37
5 MARKET FACTOR ANALYSIS 38
5.1 PORTER'S FIVE FORCES MODEL 38
5.1.1 Threat of New Entrants 38
5.1.2 BARGAINING POWER OF SUPPLIERS 39
5.1.3 Threat of Substitutes 39
5.1.4 Bargaining Power of Buyers 39
5.1.5 Intensity of Rivalry 39
5.2 IMPACT OF COVID-19 ON THE NORTH AMERICA PHARMACY AUTOMATION MARKET 40
6 NORTH AMERICA PHARMACY AUTOMATION MARKET, BY PRODUCT 42
6.1 OVERVIEW 42
6.2 MEDICATION DISPENSING SYSTEMS 44
6.2.1 Robots/robotic automated dispensing systems 45
6.2.2 Carousels 45
6.2.3 Automated dispensing cabinets 46
6.3 PACKAGING AND LABELLING SYSTEMS 46
6.4 RX UNDERCOUNTER UNITS 46
6.5 AUTOMATED MEDICATION COMPOUNDING SYSTEMS 47
6.6 OTHERS 47
7 NORTH AMERICA PHARMACY AUTOMATION MARKET, BY END USE 48
7.1 OVERVIEW 48
7.2 RETAIL PHARMACY 50
7.3 INPATIENT PHARMACIES 51
7.4 OUTPATIENT PHARMACIES 51
7.5 PHARMACY BENEFIT MANAGEMENT ORGANIZATIONS AND MAIL-ORDER PHARMACIES 52
8 NORTH AMERICA PHARMACY AUTOMATION MARKET, BY COUNTRY 53
8.1 NORTH AMERICA 53
8.1.1 US 55
8.1.2 CANADA 57
8.1.3 Mexico 58
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9 COMPETITIVE LANDSCAPE 61
9.1 INTRODUCTION 61
9.2 MARKET SHARE ANALYSIS, 2022 61
9.3 COMPETITOR DASHBOARD 62
9.4 PUBLIC PLAYERS STOCK SUMMARY 63
9.5 COMPARATIVE ANALYSIS: KEY PLAYERS FINANICAL 63
9.6 KEY DEVELOPMENTS & GROWTH STRATEGIES 64
9.6.1 Product Launch 64
9.6.2 Collaboration 64
9.6.3 Agreement 64
9.6.4 Acquisition 65
9.6.5 Expansion 65
10 COMPANY PROFILES 66
10.1 BECTON, DICKINSON, AND COMPANY 66
10.1.1 COMPANY OVERVIEW 66
10.1.2 FINANCIAL OVERVIEW 67
10.1.3 PRODUCTS OFFERED 68
10.1.4 KEY DEVELOPMENTS 68
10.1.5 SWOT ANALYSIS 69
10.1.6 KEY STRATEGIES 69
10.2 ACCU-CHART 70
10.2.1 COMPANY OVERVIEW 70
10.2.2 FINANCIAL OVERVIEW 70
10.2.3 PRODUCTS OFFERED 71
10.2.4 KEY DEVELOPMENTS 71
10.2.5 KEY STRATEGIES 71
10.3 CAPSA HEALTHCARE 72
10.3.1 COMPANY OVERVIEW 72
10.3.2 FINANCIAL OVERVIEW 72
10.3.3 Products OFFERed 73
10.3.4 KEY DEVELOPMENTS 73
10.3.5 KEY STRATEGIES 73
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10.4 ARXIUM 74
10.4.1 COMPANY OVERVIEW 74
10.4.2 FINANCIAL OVERVIEW 74
10.4.3 PRODUCTS OFFERED 75
10.4.4 KEY DEVELOPMENTS 75
10.4.5 KEY STRATEGIES 75
10.5 BAXTER 76
10.5.1 COMPANY OVERVIEW 76
10.5.2 FINANCIAL OVERVIEW 77
10.5.3 productS OFFERED 77
10.5.4 KEY DEVELOPMENTS 77
10.5.5 SWOT ANALYSIS 78
10.5.6 KEY STRATEGIES 78
10.6 SCRIPTPRO LLC 79
10.6.1 COMPANY OVERVIEW 79
10.6.2 FINANCIAL OVERVIEW 80
10.6.3 products OFFERED 80
10.6.4 KEY DEVELOPMENTS 80
10.6.5 SWOT ANALYSIS 81
10.6.6 KEY STRATEGIES 81
10.7 SWISSLOG HEALTHCARE 82
10.7.1 COMPANY OVERVIEW 82
10.7.2 FINANCIAL OVERVIEW 83
10.7.3 productS OFFERED 83
10.7.4 KEY DEVELOPMENTS 83
10.7.5 KEY STRATEGIES 83
10.8 OMNICELL, INC. 84
10.8.1 COMPANY OVERVIEW 84
10.8.2 FINANCIAL OVERVIEW 85
10.8.3 PRODUCTS OFFERED 86
10.8.4 KEY DEVELOPMENTS 86
10.8.5 SWOT ANALYSIS 87
10.8.6 KEY STRATEGIES 87
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10.9 MCKESSON CORPORATION 88
10.9.1 COMPANY OVERVIEW 88
10.9.2 FINANCIAL OVERVIEW 89
10.9.3 PRODUCTS OFFERED 90
10.9.4 KEY DEVELOPMENTS 90
10.9.5 SWOT ANALYSIS 91
10.9.6 KEY STRATEGIES 91
10.10 PEARSON MEDICAL TECHNOLOGIES 92
10.10.1 COMPANY OVERVIEW 92
10.10.2 FINANCIAL OVERVIEW 93
10.10.3 PRODUCTS OFFERED 93
10.10.4 KEY DEVELOPMENTS 93
10.10.5 KEY STRATEGIES 93
11 DATA CITATIONS 94
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LIST OF TABLES
TABLE 1 QFD MOLDELLING FOR MARKET SHARE ASSESSMENT 30
TABLE 2 NORTH AMERICA PHARMACY AUTOMATION MARKET, BY PRODUCT, 2019-2032 (USD MILLION) 43
TABLE 3 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR MEDICATION DISPENSING SYSTEMS, BY COUNTRY, 2019-2032 (USD MILLION) 44
TABLE 4 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR MEDICATION DISPENSING SYSTEMS, BY TYPE, 2019-2032 (USD MILLION) 45
TABLE 5 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR ROBOTS/ROBOTIC AUTOMATED DISPENSING SYSTEMS, BY COUNTRY, 2019-2032 (USD MILLION) 45
TABLE 6 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR CAROUSELS, BY COUNTRY, 2019-2032 (USD MILLION) 45
TABLE 7 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR AUTOMATED DISPENSING CABINETS, BY COUNTRY, 2019-2032 (USD MILLION) 46
TABLE 8 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR PACKAGING AND LABELLING SYSTEMS, BY COUNTRY, 2019-2032 (USD MILLION) 46
TABLE 9 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR RX UNDERCOUNTER UNITS, BY COUNTRY, 2019-2032 (USD MILLION) 46
TABLE 10 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR MEDICATION COMPOUNDING SYSTEMS, BY COUNTRY, 2019-2032 (USD MILLION) 47
TABLE 11 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR OTHERS, BY COUNTRY, 2019-2032 (USD MILLION) 47
TABLE 12 NORTH AMERICA PHARMACY AUTOMATION MARKET, BY END USE, 2019-2032 (USD MILLION) 49
TABLE 13 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR RETAIL PHARMACY,, BY COUNTRY, 2019-2032 (USD MILLION) 50
TABLE 14 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR INPATIENT PHARMACIES, BY COUNTRY, 2019-2032 (USD MILLION) 51
TABLE 15 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR OUTPATIENT PHARMACIES, BY COUNTRY, 2019-2032 (USD MILLION) 51
TABLE 16 NORTH AMERICA PHARMACY AUTOMATION MARKET, FOR PHARMACY BENEFIT MANAGEMENT ORGANIZATIONS AND MAIL-ORDER PHARMACIES, BY COUNTRY, 2019-2032 (USD MILLION) 52
TABLE 17 NORTH AMERICA: PHARMACY AUTOMATION MARKET, BY COUNTRY, 2019-2032 (USD MILLION) 54
TABLE 18 US: PHARMACY AUTOMATION MARKET, BY PRODUCT, 2019-2032 (USD MILLION) 55
TABLE 19 US: PHARMACY AUTOMATION MARKET FOR MEDICATION DISPENSING SYSTEMS, BY TYPE 2019-2032 (USD MILLION) 56
TABLE 20 US: PHARMACY AUTOMATION MARKET, BY END USE, 2019-2032 (USD MILLION) 56
TABLE 21 CANADA: PHARMACY AUTOMATION MARKET, BY PRODUCT, 2019-2032 (USD MILLION) 57
TABLE 22 CANADA: PHARMACY AUTOMATION MARKET FOR MEDICATION DISPENSING SYSTEMS, BY TYPE 2019-2032 (USD MILLION) 57
TABLE 23 CANADA: PHARMACY AUTOMATION MARKET, BY END USE, 2019-2032 (USD MILLION) 58
TABLE 24 MEXICO: PHARMACY AUTOMATION MARKET, BY PRODUCT, 2019-2032 (USD MILLION) 58
TABLE 25 MEXICO: PHARMACY AUTOMATION MARKET FOR MEDICATION DISPENSING SYSTEMS, BY TYPE 2019-2032 (USD MILLION) 59
TABLE 26 MEXICO: PHARMACY AUTOMATION MARKET, BY END USE, 2019-2032 (USD MILLION) 59
TABLE 27 PUBLIC PLAYERS STOCK SUMMARY 63
TABLE 28 COMPARATIVE ANALYSIS: KEY PLAYERS FINANICAL 63
TABLE 29 PRODUCT LAUNCH 64
TABLE 30 COLLABORATION 64
TABLE 31 AGREEMENT 64
TABLE 32 ACQUISITION 65
TABLE 33 EXPANSION 65
TABLE 34 BECTON, DICKINSON AND COMPANY: FINANCIAL OVERVIEW 67
TABLE 35 BECTON, DICKINSON AND COMPANY: PRODUCTS OFFERED 68
TABLE 36 BECTON, DICKINSON, AND COMPANY: KEY DEVELOPMENTS 68
TABLE 37 BECTON, DICKINSON AND COMPANY: SWOT ANALYSIS 69
TABLE 38 ACCU-CHART: PRODUCTS OFFERED 71
TABLE 39 CAPSA HEALTHCARE: PRODUCTS OFFERED 73
TABLE 40 CAPSA HEALTHCARE: KEY DEVELOPMENTS 73
TABLE 41 ARXIUM: PRODCUTS OFFERED 75
TABLE 42 BAXTER: PRODUCT OFFERED 77
TABLE 43 SCRIPTPRO LLC: PRODUCT OFFERED 80
TABLE 44 SWISSLOG HEALTHCARE: PRODUCT OFFERED 83
TABLE 45 OMNICELL, INC.: FINANCIAL OVERVIEW 85
TABLE 46 OMNICELL, INC.: PRODUCTS OFFERED 86
TABLE 47 OMNICELL, INC.: KEY DEVELOPMENTS 86
TABLE 48 MCKESSON CORPORATION: FINANCIAL OVERVIEW 89
TABLE 49 MCKESSON CORPORATION: PRODCUTS OFFERED 90
TABLE 50 PEARSON MEDICAL TECHNOLOGIES: PRODUCTS OFFERED 93
LIST OF FIGURES
FIGURE 1 NORTH AMERICA PHARMACY AUTOMATION MARKET: STRUCTURE 17
FIGURE 2 NORTH AMERICA PHARMACY MARKET: MARKET GROWTH FACTOR ANALYSIS (2022-2032) 34
FIGURE 3 DRIVER IMPACT ANALYSIS (2023-2032) 36
FIGURE 4 RESTRAINT IMPACT ANALYSIS (2022-2032) 37
FIGURE 5 PORTER'S FIVE FORCES ANALYSIS: NORTH AMERICA PHARMACY AUTOMATION MARKET 38
FIGURE 6 NORTH AMERICA PHARMACY AUTOMATION MARKET, PRODUCT SEGMENT ATTRACTIVENESS, 2022 & 2032 (USD MILLION) 42
FIGURE 7 NORTH AMERICA PHARMACY AUTOMATION MARKET, BY PRODUCT, 2022 & 2032 (USD MILLION) 43
FIGURE 8 NORTH AMERICA PHARMACY AUTOMATION MARKET SHARE (%), BY PRODUCT, 2022 44
FIGURE 9 NORTH AMERICA PHARMACY AUTOMATION MARKET, PRODUCT SEGMENT ATTRACTIVENESS, 2022 & 2032 (USD MILLION) 48
FIGURE 10 NORTH AMERICA PHARMACY AUTOMATION MARKET, BY END USE, 2022 & 2032 (USD MILLION) 49
FIGURE 11 NORTH AMERICA PHARMACY AUTOMATION MARKET SHARE (%), BY END USE, 2022 50
FIGURE 12 NORTH AMERICA MARKET ANALYSIS: PHARMACY AUTOMATION MARKET, 2022-2032 (USD MILLION) 53
FIGURE 13 NORTH AMERICA: PHARMACY AUTOMATION MARKET, BY COUNTRY, 2022 & 2032 (USD MILLION) 54
FIGURE 14 NORTH AMERICA: PHARMACY AUTOMATION MARKET SHARE (%), BY COUNTRY, 2022 55
FIGURE 15 NORTH AMERICA PHARMACY AUTOMATION MARKET PLAYERS: COMPETITIVE ANALSIS, 2022 61
FIGURE 16 COMPETITOR DASHBOARD: NORTH AMERICA PHARMACY AUTOMATION MARKET 62
FIGURE 17 BAXTER: FINANCIAL OVERVIEW SNAPSHOT 77
FIGURE 18 BAXTER: SWOT ANALYSIS 78
FIGURE 19 SCRIPTPRO LLC: SWOT ANALYSIS 81
FIGURE 20 OMNICELL, INC.: SWOT ANALYSIS 87
FIGURE 21 MCKESSON CORPORATION: SWOT ANALYSIS 91
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