U.S. Pharmacy Automation Devices Market Size & Outlook
U.S. pharmacy automation devices market, 2018-2030 (US$M)
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U.S. pharmacy automation devices market highlights
- The U.S. pharmacy automation devices market generated a revenue of USD 2,732.6 million in 2023 and is expected to reach USD 5,011.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 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 2,732.6 million |
| Market revenue in 2030 | USD 5,011.2 million |
| Growth rate | 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, U.S. accounted for 45.6% 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 North America, U.S. pharmacy automation devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,063.0 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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U.S. 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 23.6% in 2023. Horizon Databook has segmented the U.S. 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.
In addition, rise in the number of robot installations coupled with benefits associated with automation, including efficiency, reducing training overhead, saving workers from repetitive tasks or hazardous environments, increasing repeatability & reproducibility, eliminating human error, and reducing the chances for human contamination is further boosting market growth in the country.
For instance, Omnicell’s medication dispensing system and supply automation products provide a comprehensive, end-to-end solution for managing the supply chain. Their medication automation systems empower health systems to improve inventory management, strengthen regulatory compliance, and increase patient safety.
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Target buyers of U.S. 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 U.S. pharmacy automation devices market , including forecasts for subscribers. This country databook contains high-level insights into U.S. pharmacy automation devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. pharmacy automation devices market size, by product, 2018-2030 (US$M)
U.S. Pharmacy Automation Devices Market Outlook Share, 2023 & 2030 (US$M)
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