India Pharmacy Automation Devices Market Size & Outlook
India pharmacy automation devices market, 2018-2030 (US$M)
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India pharmacy automation devices market highlights
- The India pharmacy automation devices market generated a revenue of USD 147.3 million in 2023 and is expected to reach USD 312.1 million by 2030.
- The India market is expected to grow at a CAGR of 11.3% 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.
Pharmacy automation devices market data book summary
| Market revenue in 2023 | USD 147.3 million |
| Market revenue in 2030 | USD 312.1 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Medication dispensing systems |
| Fastest growing segment | Automated Medication Compounding Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 2.5% of the global pharmacy automation devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pharmacy automation devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 580.8 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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India 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 26.14% in 2023. Horizon Databook has segmented the India 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.
Advancements in digital healthcare are expected to drive the demand for these services in India. The growth of the pharmacy automation market in this country is owing to rising per capita disposable income, escalating demand for automation systems in the healthcare sector, and growing pharmaceutical industry in the country.
According to the article published by Business Standard Private Ltd. in May 2019, India consistently outranked Singapore in terms of automation with 69% Singaporeans and 76% Indians that are willing to try new technologies and ways of working to be more efficient or productive.
According to the article published by the Mint in April 2020, the adoption and usage of robotic technology is expected to increase in India across all types of healthcare settings despite their high prices, owing to the ongoing COVID-19 pandemic and presence of low number of healthcare professionals for more than 1.3 billion population.
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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 country-level data and insights on the India pharmacy automation devices market , including forecasts for subscribers. This country databook contains high-level insights into India pharmacy automation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India pharmacy automation devices market size, by product, 2018-2030 (US$M)
India Pharmacy Automation Devices Market Outlook Share, 2023 & 2030 (US$M)
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