Middle East & Africa Pharmacy Automation Devices Market Size & Outlook
Middle East & Africa pharmacy automation devices market, 2018-2030 (US$M)
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MEA pharmacy automation devices market highlights
- The MEA pharmacy automation devices market generated a revenue of USD 143.8 million in 2023.
- The market is expected to grow at a CAGR of 10.4% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 143.8 million |
| Market revenue in 2030 | USD 286.7 million |
| Growth rate | 10.4% (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, MEA region accounted for 2.4% 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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Middle East & Africa 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 25.1% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
MEA region includes South Africa, which constituted a market share of 2.4% in 2020. It includes developing countries primarily working toward technological advancements and providing quality products to benefit the society.
Ongoing COVID-19 pandemic and Increase in investments on healthcare to cater to growing needs of the region is expected to be a key driver to bridge the demand supply gap during the forecast period. Lack of adequate regulatory controls and low technology penetration in the African countries are key factors leading to supply of counterfeit drugs in this market.
Advancements in automation, cloud computing, and system unification are paving the way for continuous active pharmacy automation with digital connectivity along with the integration of these & other related technologies, with traditional flow approaches and in-line automation is currently a driving force in the synthesis 4.0 revolution.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa pharmacy automation devices market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pharmacy automation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA pharmacy automation devices market size, by country, 2018-2030 (US$M)
Middle East & Africa Pharmacy Automation Devices Market Outlook Share, 2023 & 2030 (US$M)
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