Saudi Arabia Pharmacy Automation Devices Market Size & Outlook
Saudi Arabia pharmacy automation devices market, 2018-2030 (US$M)
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Saudi Arabia pharmacy automation devices market highlights
- The Saudi Arabia pharmacy automation devices market generated a revenue of USD 17.7 million in 2023 and is expected to reach USD 37.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.1% 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 17.7 million |
| Market revenue in 2030 | USD 37.0 million |
| Growth rate | 11.1% (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, Saudi Arabia accounted for 0.3% 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 Middle East & Africa, UAE pharmacy automation devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 44.4 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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Saudi Arabia 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 25.42% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Pharmacy economy has considerably transformed over the year owing to various factors such as payroll increase, drops in margins, and increase in the number of prescriptions, which, in turn, is driving the adoption of pharmacy automation in the country.
Ongoing COVID-19 pandemic leading to dynamic advancements in pharmacy practices and the shifting focus toward patient-centered care are factors driving the implementation of automation among pharmacists to spare more time on counselling and other patient services.
In September 2020, Omnicell announced its partnership with the Imam Abdulrahman Bin Faisal University Hospital in Eastern Province, Saudi Arabia for managing a pharmacy automation system for inpatients as well as allowing pharmacists to schedule medication dispensing.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia pharmacy automation devices market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia pharmacy automation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia pharmacy automation devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Pharmacy Automation Devices Market Outlook Share, 2023 & 2030 (US$M)
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