South Korea Pharmacy Automation Devices Market Size & Outlook

The pharmacy automation devices market in South Korea is expected to reach a projected revenue of US$ 236.6 million by 2030. A compound annual growth rate of 11.2% is expected of South Korea pharmacy automation devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$112.9
Forecast, 2030 (US$M)
$236.6
CAGR, 2024 - 2030
11.1%
Report Coverage
South Korea

South Korea pharmacy automation devices market, 2018-2030 (US$M)

South

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South Korea pharmacy automation devices market highlights

  • The South Korea pharmacy automation devices market generated a revenue of USD 112.9 million in 2023 and is expected to reach USD 236.6 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 11.2% 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 2023USD 112.9 million
Market revenue in 2030USD 236.6 million
Growth rate11.2% (CAGR from 2023 to 2030)
Largest segmentMedication dispensing systems
Fastest growing segmentAutomated Medication Compounding Systems
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPackaging And Labeling Systems, Storage And Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters, Medication Dispensing Systems
Key market players worldwideAmerisourceBergen 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 Korea accounted for 1.9% 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 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 Companies

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South Korea 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 23.03% in 2023. Horizon Databook has segmented the South Korea 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.


South Korea is registering an upward trend for the pharmacy automation owing to the COVID-19 pandemic and increasing awareness regarding benefits offered by these solutions in improving patient safety, containing costs, minimizing waste & controlling substance diversion, reducing therapy errors, and diminishing the gap between rising patient volume & scarce medical staff.

According to the data published by The Foundation for Innovation and Development of Health Safety (FIDHS) in October 2020, medication errors were the fifth cause of death in Spain and accounted to about 8,000 deaths annually, as per the Spanish Society of Hospital Pharmacy (SEFH).

This, in turn, is driving market growth. Moreover, rise in the number of partnerships, collaborations, and geographical expansions is further anticipated to drive the market in the country.

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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea pharmacy automation devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pharmacy automation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea pharmacy automation devices market size, by product, 2018-2030 (US$M)

South Korea Pharmacy Automation Devices Market Outlook Share, 2023 & 2030 (US$M)

South Korea pharmacy automation devices market size, by product, 2018-2030 (US$M)

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