UAE Pharmacy Automation Devices Market Size & Outlook
UAE pharmacy automation devices market, 2018-2030 (US$M)
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UAE pharmacy automation devices market highlights
- The UAE pharmacy automation devices market generated a revenue of USD 25.4 million in 2023 and is expected to reach USD 52.2 million by 2030.
- The UAE market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, packaging and labeling 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 25.4 million |
| Market revenue in 2030 | USD 52.2 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Packaging and labeling 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, UAE 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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UAE 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.
Packaging and labeling systems was the largest segment with a revenue share of 25.2% in 2023. Horizon Databook has segmented the UAE 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.
Automated pharmacies aid in eliminating labor-intensive task in a manual pharmacy by maintaining a consistent inventory count for each of its operation, including direct loading into the robotic-managed storage with barcode reading for automatic item deduction from stock level upon dispensing & medication stock-up.
This, in turn, is driving its adoption in the country. According to the article published by Omnia Health in December 2019, the automated pharmacy served 9.4% more patients as compared to the traditional pharmacy, dispensed 11.8% more prescriptions, registered an overall lead of 28.8% over the traditional unit in correctly dispensed prescriptions.
Moreover, the ongoing COVID-19 pandemic is increasing the adoption of pharmacy automation among end users owing to surging awareness about automation, reduced waiting times, and increased demand for maintaining operations without much human intervention.
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Target buyers of UAE 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 UAE pharmacy automation devices market , including forecasts for subscribers. This country databook contains high-level insights into UAE pharmacy automation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE pharmacy automation devices market size, by product, 2018-2030 (US$M)
UAE Pharmacy Automation Devices Market Outlook Share, 2023 & 2030 (US$M)
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