Asia Pacific Pharmacy Automation Devices Market Size & Outlook
Asia Pacific pharmacy automation devices market, 2018-2030 (US$M)
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Asia Pacific pharmacy automation devices market highlights
- The Asia Pacific pharmacy automation devices market generated a revenue of USD 1,091.6 million in 2023.
- The market is expected to grow at a CAGR of 10.9% 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.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,091.6 million |
| Market revenue in 2030 | USD 2,253.6 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Medication dispensing systems |
| Fastest growing segment | Automated Medication Compounding Systems |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 18.2% of the global pharmacy automation devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,253.6 million by 2030.
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Pharmacy Automation Devices Market Scope
Pharmacy Automation Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 will help companies and investors design strategic landscapes.
Medication dispensing systems was the largest segment with a revenue share of 24.47% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Majority of the countries in this region are developing counties that are witnessing faster adoption of technologically advanced products. Increased need to reduce medication errors, advantages of pharmacy automation systems market over manual medication dispensing, and development of improved features drive the pharmacy automation systems market.
In addition, improvements in healthcare infrastructure in emerging countries are expected to create new opportunities for market expansion. China is the largest industrial robots market, according to IFR. The national government in the 5-year plan stated that production of industrial robots in China is expected to rise to 100,000 by 2020.
According to IFR, in 2018, around 154,032 industrial robot units were sold in the country, which is considerably more than the total sales volume of Europe and the Americas together (130,772 units.
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Target buyers of Asia Pacific pharmacy automation devices market databook
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Our clientele includes a mix of pharmacy automation devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific pharmacy automation devices market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pharmacy automation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific pharmacy automation devices market size, by country, 2018-2030 (US$M)
Asia Pacific Pharmacy Automation Devices Market Outlook Share, 2023 & 2030 (US$M)
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