Europe Pharmacy Automation Market Trends, Growth, Size, Revenue, Challenges and Future Scope
Europe Pharmacy Automation Market Size- By Product, By Pharmacy Type, By Pharmacy Size, By Application, By End User, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2023 | Report ID: PHAR2310 | Pages: 1 - 156 | Formats*: |
| Category : Pharmaceutical | |||
Europe Pharmacy Automation Market Overview
According to SPER Market Research, the Europe Pharmacy Automation Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
The market for pharmacy automation has expanded significantly in recent years. It involves utilizing technology and automated systems to speed up a number of pharmaceutical procedures, such as labelling, inventory management, and prescription fulfilment. The need to decrease prescription errors, increase efficiency, and improve patient safety are some of the drivers driving the industry. Additionally, the growing usage of electronic health records and the demand for individualized medication both support market expansion. The market is further driven by developments in robots, AI, and machine learning, which enable pharmacies to streamline their processes and deliver better healthcare services. As the healthcare sector embraces digital transformation, it is anticipated that the market for pharmacy automation will keep growing.
Exploring the Growth Drivers of the Europe Pharmacy Automation Industry
Several important factors are driving the expansion of the Europe pharmacy automation market. By automating procedures including prescription filling, dispensing, and labelling, pharmacy automation systems reduce pharmaceutical errors and increase patient safety. The introduction of automation technologies in pharmacies across Europe is motivated by this increased emphasis on patient safety. Pharmacy operations need to be made more efficient and streamlined due to the growing demand for healthcare services. By enhancing workflow, lowering wait times, and improving overall operational efficiency, automation technologies help pharmacies effectively handle rising demand. Overall, the emphasis on patient safety, the requirement for effective healthcare services, regulatory compliance, rising prescription volumes, technological advancements, and the general trend of digital transformation in healthcare are the driving factors of the Europe pharmacy automation industry.
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What challenges does the Europe Pharmacy Automation Market face?
Numerous obstacles are preventing the Europe pharmacy automation market from expanding and becoming widely used. These difficulties include a significant initial expenditure. Pharmacy automation system implementation might be expensive up front because it requires buying the necessary gear, software, and infrastructure. For smaller pharmacies or those with low financial means, the hefty initial cost may be a hurdle. It can be challenging to integrate pharmacy automation systems with current pharmacy procedures, electronic health records (EHRs), and other medical systems. It can be difficult to ensure smooth data transmission and interoperability between various software platforms and technologies, and this requires devoted resources for implementation and upkeep.
In what ways has the COVID-19 pandemic affected Europe Pharmacy Automation Market?
The Europe pharmacy automation market has been significantly impacted by the COVID-19 outbreak. The crisis has increased the demand for effective, frictionless healthcare services, which is forcing pharmacies to employ automation technologies. Automated prescription filling, dispensing, and inventory management systems are now essential for maintaining a steady supply of medications and minimizing direct patient-pharmacist contact. The epidemic has further increased the need for pharmacy automation systems by highlighting how crucial it is to reduce medication errors and enhance patient safety. The use of automation technology has been further encouraged by the move toward digital health and remote patient care, preparing the market for significant development in the post-pandemic future.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Pharmacy Type, By Pharmacy Size, By Application, By End User, By Distribution Channel |
| Regions covered | Belgium, France, Germany, Italy, Netherlands, Russia, Spain, Switzerland, Turkey, U.K., Rest of Europe |
| Companies Covered | AmerisourceBergen Corporation, Asteres Inc., Capsa Healthcare, Cerner Corporation, Deenova S.r.l., Demodeks Pharmacy Shelving, Fullscript, Innovation Associate, InterLink AI, Inc., KLS Pharma Robotics GmbH, McKesson Corporation, MedAvail Technologies, Inc., Omnicell, Inc., RxSafe, LLC, ScriptPro LLC, Synergy Medical, Tekanzono Corporation, TOSHO Inc., Universal Logistics Holdings, Inc, Willach Group, Yuyama |
Key Target Audience
- Hospitals and Healthcare Systems
- IT Solution Providers and System Integrators
- Long-term Care Facilities
- Pharmaceutical Manufacturers and Wholesalers
- Pharmacies and Pharmacy Chains
- Pharmacy Benefit Managers
- Regulatory Authorities and Industry Associations
Europe Pharmacy Automation Market Segmentation:
1. By Product:
- Europe Pharmacy Automation Market Value Share and Forecast, By Product, 2023-2033
- Services
- Software
- System
2. By Pharmacy Type:
- Europe Pharmacy Automation Market Value Share and Forecast, By Pharmacy Type, 2023-2033
- Chain
- Federal
- Independent
3. By Pharmacy Size:
- Europe Pharmacy Automation Market Value Share and Forecast, By Pharmacy Size, 2023-2033
- Large Size Pharmacy
- Medium Size Pharmacy
- Small Size Pharmacy
4. By Distribution Channel:
- Europe Pharmacy Automation Market Value Share and Forecast, By Distribution Channel, 2023-2033
- Direct Tender
- Third Party Distributor
5. By Region:
- Belgium
- France
- Germany
- Italy
- Netherlands
- Russia
- Spain
- Switzerland
- Turkey
- U.K.
- Rest of Europe
Key Topics Covered in the Report
- Europe Pharmacy Automation Market Size (FY’2023-FY’2033)
- Overview of Europe Pharmacy Automation Market
- Segmentation of Europe Pharmacy Automation Market By Product (Services, Software, System)
- Segmentation of Europe Pharmacy Automation Market By Pharmacy Type (Chain, Federal, Independent)
- Segmentation of Europe Pharmacy Automation Market By Pharmacy Size (Large Size Pharmacy, Medium Size Pharmacy, Small Size Pharmacy)
- Segmentation of Europe Pharmacy Automation Market By Application (Drug Dispensing and Packaging, Drug Storage, Inventory Management)
- Segmentation of Europe Pharmacy Automation Market By End User (Central Fill/Mail Order Pharmacies, Inpatient Pharmacies, Online Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations, Retail Pharmacies, Others)
- Segmentation of Europe Pharmacy Automation Market By Distribution Channel (Direct Tender, Third Party Distributor)
- Statistical Snap of Europe Pharmacy Automation Market
- Growth Analysis of Europe Pharmacy Automation Market
- Problems and Challenges in Europe Pharmacy Automation Market
- Competitive Landscape in the Europe Pharmacy Automation Market
- Impact of COVID-19 and Demonetization on Europe Pharmacy Automation Market
- Details on Recent Investment in Europe Pharmacy Automation Market
- Competitive Analysis of Europe Pharmacy Automation Market
- Key Players in the Europe Pharmacy Automation Market
- SWOT Analysis of Europe Pharmacy Automation Market
- Europe Pharmacy Automation Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Pharmacy Automation Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Pharmacy Automation Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Pharmacy Automation Market
7. Europe Pharmacy Automation Market, By Product (USD Million)
7.1. Europe Pharmacy Automation Market Value Share and Forecast, By Product, 2023-20337.2. Services7.3. Software7.4. System
8. Europe Pharmacy Automation Market, By Pharmacy Type (USD Million)
8.1. Europe Pharmacy Automation Market Value Share and Forecast, By Pharmacy Type, 2023-20338.2. Chain8.3. Federal8.4. Independent
9. Europe Pharmacy Automation Market, By Pharmacy Size (USD Million)
9.1. Europe Pharmacy Automation Market Value Share and Forecast, By Pharmacy Size, 2023-20339.2. Large Size Pharmacy9.3. Medium Size Pharmacy9.4. Small Size Pharmacy
10. Europe Pharmacy Automation Market, By Application (USD Million)
10.1. Europe Pharmacy Automation Market Value Share and Forecast, By Application, 2023-203310.2. Drug Dispensing and Packaging10.3. Drug Storage10.4. Inventory Management
11. Europe Pharmacy Automation Market, By End User (USD Million)
11.1. Europe Pharmacy Automation Market Value Share and Forecast, By End User, 2023-203311.2. Central Fill/Mail Order Pharmacies11.3. Inpatient Pharmacies11.4. Online Pharmacies11.5. Outpatient Pharmacies11.6. Pharmacy Benefit Management Organizations11.7. Retail Pharmacies11.8. Others
12. Europe Pharmacy Automation Market, By Distribution Channel (USD Million)
12.1. Europe Pharmacy Automation Market Value Share and Forecast, By Distribution Channel, 2023-203312.2. Direct Tender12.3. Third Party Distributor
13. Europe Pharmacy Automation Market Forecast, 2019-2033 (USD Million)
13.1. Europe Pharmacy Automation Market Size and Market Share
14. Europe Pharmacy Automation Market, By Product, 2019-2033 (USD Million)
14.1. Europe Pharmacy Automation Market Size and Market Share by Product (2019-2026)14.2. Europe Pharmacy Automation Market Size and Market Share by Product (2027-2033)
15. Europe Pharmacy Automation Market, By Pharmacy Type, 2019-2033 (USD Million)
15.1. 94Europe Pharmacy Automation Market Size and Market Share by Pharmacy Type (2019-2026)15.2. Europe Pharmacy Automation Market Size and Market Share by Pharmacy Type (2027-2033)
16. Europe Pharmacy Automation Market, By Pharmacy Size, 2019-2033 (USD Million)
16.1. Europe Pharmacy Automation Market Size and Market Share by Pharmacy Size (2019-2026)16.2. Europe Pharmacy Automation Market Size and Market Share by Pharmacy Size (2027-2033)
17. Europe Pharmacy Automation Market, By Application, 2019-2033 (USD Million)
17.1. Europe Pharmacy Automation Market Size and Market Share by Application (2019-2026)17.2. Europe Pharmacy Automation Market Size and Market Share by Application (2027-2033)
18. Europe Pharmacy Automation Market, By End User, 2019-2033 (USD Million)
18.1. Europe Pharmacy Automation Market Size and Market Share by End User (2019-2026)18.2. Europe Pharmacy Automation Market Size and Market Share by End User (2027-2033)
19. Europe Pharmacy Automation Market, By Distribution Channel, 2019-2033 (USD Million)
19.1. Europe Pharmacy Automation Market Size and Market Share by Distribution Channel (2019-2026)19.2. Europe Pharmacy Automation Market Size and Market Share by Distribution Channel (2027-2033)
20. Europe Pharmacy Automation Market, By Region, 2019-2033 (USD Million)
20.1. Europe Pharmacy Automation Market Size and Market Share by Region (2019-2026)20.2. Europe Pharmacy Automation Market Size and Market Share by Region (2027-2033)20.3. Belgium20.4. France20.5. Germany20.6. Italy20.7. Netherlands20.8. Russia20.9. Spain20.10. Switzerland20.11. Turkey20.12. U.K.20.13. Rest of Europe
21. Company Profile
21.1. AmerisourceBergen Corporation
21.1.1. Company details21.1.2. Financial outlook21.1.3. Product summary21.1.4. Recent developments
21.2. Asteres Inc.
21.2.1. Company details21.2.2. Financial outlook21.2.3. Product summary21.2.4. Recent developments
21.3. Capsa Healthcare
21.3.1. Company details21.3.2. Financial outlook21.3.3. Product summary21.3.4. Recent developments
21.4. Cerner Corporation
21.4.1. Company details21.4.2. Financial outlook21.4.3. Product summary21.4.4. Recent developments
21.5. Deenova S.r.l.
21.5.1. Company details21.5.2. Financial outlook21.5.3. Product summary21.5.4. Recent developments
21.6. Demodeks Pharmacy Shelving
21.6.1. Company details21.6.2. Financial outlook21.6.3. Product summary21.6.4. Recent developments
21.7. Fullscript
21.7.1. Company details21.7.2. Financial outlook21.7.3. Product summary21.7.4. Recent developments
21.8. Innovation Associate
21.8.1. Company details21.8.2. Financial outlook21.8.3. Product summary21.8.4. Recent developments
21.9. InterLink AI, Inc.
21.9.1. Company details21.9.2. Financial outlook21.9.3. Product summary21.9.4. Recent developments
21.10. KLS Pharma Robotics GmbH
21.10.1. Company details21.10.2. Financial outlook21.10.3. Product summary21.10.4. Recent developments
21.11. McKesson Corporation
21.11.1. Company details21.11.2. Financial outlook21.11.3. Product summary21.11.4. Recent developments
21.12. MedAvail Technologies, Inc.
21.12.1. Company details21.12.2. Financial outlook21.12.3. Product summary21.12.4. Recent developments
21.13. Omnicell, Inc.
21.13.1. Company details21.13.2. Financial outlook21.13.3. Product summary21.13.4. Recent developments
21.14. RxSafe, LLC
21.14.1. Company details21.14.2. Financial outlook21.14.3. Product summary21.14.4. Recent developments
21.15. ScriptPro LLC
21.15.1. Company details21.15.2. Financial outlook21.15.3. Product summary21.15.4. Recent developments
21.16. Synergy Medical
21.16.1. Company details21.16.2. Financial outlook21.16.3. Product summary21.16.4. Recent developments
21.17. Tekanzono Corporation
21.17.1. Company details21.17.2. Financial outlook21.17.3. Product summary21.17.4. Recent developments
21.18. TOSHO Inc.
21.18.1. Company details21.18.2. Financial outlook21.18.3. Product summary21.18.4. Recent developments
21.19. Universal Logistics Holdings, Inc
21.19.1. Company details21.19.2. Financial outlook21.19.3. Product summary21.19.4. Recent developments
21.20. Willach Group
21.20.1. Company details21.20.2. Financial outlook21.20.3. Product summary21.20.4. Recent developments
21.21. Yuyama
21.21.1. Company details21.21.2. Financial outlook21.21.3. Product summary21.21.4. Recent developments
22. List of Abbreviations
23. Reference Links
24. Conclusion
25. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Pharmacy Automation Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Europe Pharmacy Automation Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Europe Pharmacy Automation Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Europe Pharmacy Automation Market size is USD XX billion from 2023 to 2033.
Europe Pharmacy Automation Market Segment is covered By Product, By Pharmacy Type, By Pharmacy Size, By Application, By End User, By Distribution Channel.
The Europe region is anticipated to have the highest market share in the Europe Pharmacy Automation Market.
The introduction of automation technologies in pharmacies across Europe is motivated by this increased emphasis on patient safety. Pharmacy operations need to be made more efficient and streamlined due to the growing demand for healthcare services.
The key players in the market include Companies Covered AmerisourceBergen Corporation, Asteres Inc., Capsa Healthcare, Cerner Corporation, Deenova S.r.l., Demodeks Pharmacy Shelving, Fullscript, Innovation Associate, InterLink AI, Inc., KLS Pharma Robotics GmbH, McKesson Corporation, MedAvail Technologies, Inc., Omnicell, Inc., RxSafe, LLC, ScriptPro LLC, Synergy Medical, Tekanzono Corporation, TOSHO Inc., Universal Logistics Holdings, Inc, Willach Group, Yuyama.
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