Mexico Pharmacy Automation Devices Market Size & Outlook
Mexico pharmacy automation devices market, 2018-2030 (US$M)
Related Markets
Mexico pharmacy automation devices market highlights
- The Mexico pharmacy automation devices market generated a revenue of USD 51.0 million in 2023 and is expected to reach USD 105.0 million by 2030.
- The Mexico 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.
Pharmacy automation devices market data book summary
| Market revenue in 2023 | USD 51.0 million |
| Market revenue in 2030 | USD 105.0 million |
| Growth rate | 10.9% (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, Mexico accounted for 0.9% 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 Latin America, Brazil pharmacy automation devices market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 220.2 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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Mexico 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 25.49% in 2023. Horizon Databook has segmented the Mexico 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.
The developing healthcare infrastructure and favorable government initiatives are some of the factors that support market growth in Mexico. For instance, presence of favorable public programs such as National Universal Health Coverage Policy and National Digital Strategy has contributed to the development of a sustainable digital environment in Mexico.
Mexico’s manufacturing has evolved the country as one of Latin America’s powerhouses for innovation and technology. Growing advent of Industry 4.0 norms among expanding manufacturing sectors coupled with the rising adoption of automation technologies is driving the adoption of pharmacy automation in the country.
According to the data published by International Federation of Robotics in 2017, Mexico became an important emerging market for industrial robots, accounting for 6,334 units in 2017, which is an increase of 7% from 2016.
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Target buyers of Mexico 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 country-level data and insights on the Mexico pharmacy automation devices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico pharmacy automation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico pharmacy automation devices market size, by product, 2018-2030 (US$M)
Mexico Pharmacy Automation Devices Market Outlook Share, 2023 & 2030 (US$M)
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