South Africa Pharmacy Automation Devices Market Size & Outlook
South Africa pharmacy automation devices market, 2018-2030 (US$M)
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South Africa pharmacy automation devices market highlights
- The South Africa pharmacy automation devices market generated a revenue of USD 21.0 million in 2023 and is expected to reach USD 44.4 million by 2030.
- The South Africa 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 21.0 million |
| Market revenue in 2030 | USD 44.4 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, South Africa accounted for 0.4% 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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South 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 26.19% in 2023. Horizon Databook has segmented the South 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.
Growing number of hospital admissions in this region is one of factors expected to increase the number of prescription releases associated with dispensing errors. Rising dispensing errors is another crucial factor anticipated to drive the demand for pharmacy automation in the country. South Africa is lagging as compared to other countries.
Private sector companies have considered regional pharmaceutical production in South Africa but almost all have failed to make an investment owing to factors including small local market, lack of skilled workforce, poor infrastructure, long lead times, insufficient regulation, and export-averse culture.
This in turn has resulted in the widespread adoption of automation as a critical development area at both industrial and government levels within the 16-state Southern African Development Community. For instance, in September 2018, MACH4 and Right E-Pharmacy entered into a partnership with the Deutsche Gesellschaft International (GIZ) GmbH.
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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 South Africa pharmacy automation devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa pharmacy automation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa pharmacy automation devices market size, by product, 2018-2030 (US$M)
South Africa Pharmacy Automation Devices Market Outlook Share, 2023 & 2030 (US$M)
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