North America Pharmacy Automation Market Growth, Trends, Size, Revenue and Future Share
North America 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: PHAR2309 | Pages: 1 - 152 | Formats*: |
| Category : Pharmaceutical | |||
North America Pharmacy Automation Market Overview
According to SPER Market Research, the North America Pharmacy Automation Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
Pharmacy automation is the use of robotics and technology to improve and streamline numerous procedures in a pharmacy environment. It includes a variety of solutions, including robotic prescription filling, automated dispensing, drug management, inventory control, and medicine packaging. Pharmacy automation strives to decrease errors and human labour while increasing accuracy, efficiency, patient safety, and drug adherence. Pharmacy processes can be improved, medication safety can be improved, and overall operational efficiency can be increased by automating tasks including prescription dispensing, inventory management, and medication packing. It is essential for assisting medical personnel in providing high-quality care and addressing the rising needs of the healthcare sector.
Exploring the Growth Drivers of the North America Pharmacy Automation Industry
The North America Pharmacy Automation market is predicted to expand significantly due to a number of important factors. Increasing Prescription Volume is one of the main development drivers in this sector. The growing need for pharmacy automation is brought on by factors like an aging population, chronic diseases, and greater access to healthcare services, as well as an increase in the need for prescription prescriptions. Automation programs can effectively handle increased prescription quantities, lowering human error and boosting workflow efficiency. In the medical field, patient safety is of utmost importance. By utilizing cutting-edge technologies such as barcode scanning, robotic dispensing, and automated verification systems, pharmacy automation helps reduce drug errors such giving the incorrect medication or dosage. Automation solutions are being adopted as a result of this emphasis on pharmaceutical safety.
What challenges does the North America Pharmacy Automation Market face?
The North American pharmacy automation market has a lot of room for expansion, but it also has some difficulties. High Initial Investment is one of the main issues in this sector. Systems for automating pharmacies frequently have high up-front expenses for both purchasing and adopting the technology. Smaller pharmacies and healthcare facilities with tighter budgets may find it difficult to employ automation systems because of the initial cost. The adoption of pharmacy automation necessitates a change in current workflows and procedures. It can be difficult to change when pharmacists, pharmacy employees, or healthcare professionals resist it. Effective change management techniques and employee training are necessary to overcome opposition and ensure a smooth integration of automation technology into current operations.
In what ways has the COVID-19 pandemic affected North America Pharmacy Automation Market?
The North American Pharmacy Automation Market has been greatly impacted by the COVID-19 epidemic. The use of automation technologies has been sparked by the rise in demand for pharmacy services, the focus on contactless transactions, and enhanced pharmaceutical safety. The pandemic increased demand for remote pharmacy services and brought attention to the need for automation in mail-order and tele pharmacy pharmacies. Pharmacy businesses invested in automation technologies for better tracking and supply chain efficiency in response to inventory management challenges. Pharmacy automation supported pharmacies in handling increasing prescription volumes and guaranteeing continuity of patient care during the epidemic, helping to maintain operational efficiency and resilience. Overall, the pandemic hastened the adoption of pharmacy automation, influencing industry development and highlighting the technology's significance in healthcare settings.
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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 | Canada, Mexico, United States and rest of North America |
| Companies Covered | AmerisourceBergen Corporation, Asteres Inc., Capsa Healthcare, Cerner Corporation, Fullscript, Innovation Associate, InterLink AI, Inc., McKesson Corporation, MedAvail Technologies, Inc., Omnicell, Inc., RxSafe, LLC, ScriptPro LLC, Universal Logistics Holdings, Inc |
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
North America Pharmacy Automation Market Segmentation:
1.By Product:
- North America Pharmacy Automation Market Value Share and Forecast, By Product, 2023-2033
- Services
- Software
- System
2. By Pharmacy Type:
- North America Pharmacy Automation Market Value Share and Forecast, By Pharmacy Type, 2023-2033
- Chain
- Federal
- Independent
3. By Pharmacy Size:
- North America Pharmacy Automation Market Value Share and Forecast, By Pharmacy Size, 2023-2033
- Large Size Pharmacy
- Medium Size Pharmacy
- Small Size Pharmacy
4. By Application:
- North America Pharmacy Automation Market Value Share and Forecast, By Application, 2023-2033
- Drug Dispensing and Packaging
- Drug Storage
- Inventory Management
5. By Region:
- Canada
- Mexico
- United States
- Rest of North America
Key Topics Covered in the Report:
- North America Pharmacy Automation Market Size (FY’2023-FY’2033)
- Overview of North America Pharmacy Automation Market
- Segmentation of North America Pharmacy Automation Market By Product (Services, Software, System)
- Segmentation of North America Pharmacy Automation Market By Pharmacy Type (Chain, Federal, Independent)
- Segmentation of North America Pharmacy Automation Market By Pharmacy Size (Large Size Pharmacy, Medium Size Pharmacy, Small Size Pharmacy)
- Segmentation of North America Pharmacy Automation Market By Application (Drug Dispensing and Packaging, Drug Storage, Inventory Management)
- Segmentation of North America 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 North America Pharmacy Automation Market By Distribution Channel (Direct Tender, Third Party Distributor)
- Statistical Snap of North America Pharmacy Automation Market
- Growth Analysis of North America Pharmacy Automation Market
- Problems and Challenges in North America Pharmacy Automation Market
- Competitive Landscape in the North America Pharmacy Automation Market
- Impact of COVID-19 and Demonetization on North America Pharmacy Automation Market
- Details on Recent Investment in North America Pharmacy Automation Market
- Competitive Analysis of North America Pharmacy Automation Market
- Key Players in the North America Pharmacy Automation Market
- SWOT Analysis of North America Pharmacy Automation Market
- North America 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 source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Pharmacy Automation Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Pharmacy Automation Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Pharmacy Automation Market
7. North America Pharmacy Automation Market, By Product (USD Million)
7.1. North America Pharmacy Automation Market Value Share and Forecast, By Product, 2023-20337.2. Services7.3. Software7.4. System
8. North America Pharmacy Automation Market, By Pharmacy Type (USD Million)
8.1. North America Pharmacy Automation Market Value Share and Forecast, By Pharmacy Type, 2023-20338.2. Chain8.3. Federal8.4. Independent
9. North America Pharmacy Automation Market, By Pharmacy Size (USD Million)
9.1. North America 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. North America Pharmacy Automation Market, By Application (USD Million)
10.1. North America Pharmacy Automation Market Value Share and Forecast, By Application, 2023-203310.2. Drug Dispensing and Packaging10.3. Drug Storage10.4. Inventory Management
11. North America Pharmacy Automation Market, By End User (USD Million)
11.1. North America 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. North America Pharmacy Automation Market, By Distribution Channel (USD Million)
12.1. North America Pharmacy Automation Market Value Share and Forecast, By Distribution Channel, 2023-203312.2. Direct Tender12.3. Third Party Distributor
13. North America Pharmacy Automation Market Forecast, 2019-2033 (USD Million)
13.1. North America Pharmacy Automation Market Size and Market Share
14. North America Pharmacy Automation Market, By Product, 2019-2033 (USD Million)
14.1. North America Pharmacy Automation Market Size and Market Share by Product (2019-2026)14.2. North America Pharmacy Automation Market Size and Market Share by Product (2027-2033)
15. North America Pharmacy Automation Market, By Pharmacy Type, 2019-2033 (USD Million)
15.1. North America Pharmacy Automation Market Size and Market Share by Pharmacy Type (2019-2026)15.2. North America Pharmacy Automation Market Size and Market Share by Pharmacy Type (2027-2033)
16. North America Pharmacy Automation Market, By Pharmacy Size, 2019-2033 (USD Million)
16.1. North America Pharmacy Automation Market Size and Market Share by Pharmacy Size (2019-2026)16.2. North America Pharmacy Automation Market Size and Market Share by Pharmacy Size (2027-2033)
17. North America Pharmacy Automation Market, By Application, 2019-2033 (USD Million)
17.1. North America Pharmacy Automation Market Size and Market Share by Application (2019-2026)17.2. North America Pharmacy Automation Market Size and Market Share by Application (2027-2033)
18. North America Pharmacy Automation Market, By End User, 2019-2033 (USD Million)
18.1. North America Pharmacy Automation Market Size and Market Share by End User (2019-2026)18.2. North America Pharmacy Automation Market Size and Market Share by End User (2027-2033)
19. North America Pharmacy Automation Market, By Distribution Channel, 2019-2033 (USD Million)
19.1. North America Pharmacy Automation Market Size and Market Share by Distribution Channel (2019-2026)19.2. North America Pharmacy Automation Market Size and Market Share by Distribution Channel (2027-2033)
20. North America Pharmacy Automation Market, By Region, 2019-2033 (USD Million)
20.1. North America Pharmacy Automation Market Size and Market Share by Region (2019-2026)20.2. North America Pharmacy Automation Market Size and Market Share by Region (2027-2033)20.3. Canada20.4. Mexico20.5. United States20.6. Rest of North America
21. Company Profile
21.1. AmerisourceBergen Corporation21.1.1. Company details21.1.2. Financial outlook21.1.3. Product summary21.1.4. Recent developments21.2. Asteres Inc.21.2.1. Company details21.2.2. Financial outlook21.2.3. Product summary21.2.4. Recent developments21.3. Capsa Healthcare21.3.1. Company details21.3.2. Financial outlook21.3.3. Product summary21.3.4. Recent developments21.4. Cerner Corporation21.4.1. Company details21.4.2. Financial outlook21.4.3. Product summary21.4.4. Recent developments21.5. Fullscript21.5.1. Company details21.5.2. Financial outlook21.5.3. Product summary21.5.4. Recent developments21.6. Innovation Associate21.6.1. Company details21.6.2. Financial outlook21.6.3. Product summary21.6.4. Recent developments21.7. InterLink AI Inc.21.7.1. Company details21.7.2. Financial outlook21.7.3. Product summary21.7.4. Recent developments21.8. McKesson Corporation21.8.1. Company details21.8.2. Financial outlook21.8.3. Product summary21.8.4. Recent developments21.9. MedAvail Technologies Inc.21.9.1. Company details21.9.2. Financial outlook21.9.3. Product summary21.9.4. Recent developments21.10. Omnicell Inc.21.10.1. Company details21.10.2. Financial outlook21.10.3. Product summary21.10.4. Recent developments21.11. RxSafe LLC21.11.1. Company details21.11.2. Financial outlook21.11.3. Product summary21.11.4. Recent developments21.12. ScriptPro LLC21.12.1. Company details21.12.2. Financial outlook21.12.3. Product summary21.12.4. Recent developments21.13. Universal Logistics Holdings, Inc21.13.1. Company details21.13.2. Financial outlook21.13.3. Product summary21.13.4. Recent developments21.14. Others
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
North America Pharmacy Automation Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
North America Pharmacy Automation Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
North America Pharmacy Automation Market CAGR of XX% during the forecast period.
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North America Pharmacy Automation Market size is USD XX billion from 2023 to 2033.
North America Pharmacy Automation Market Segment is Covered By Product, By Pharmacy Type, By Pharmacy Size, By Application, By End User, By Distribution Channel
The North America region is anticipated to have the highest market share in North America Pharmacy Automation Market.
The key players in the market include Companies Covered AmerisourceBergen Corporation, Asteres Inc., Capsa Healthcare, Cerner Corporation, Fullscript, Innovation Associate, InterLink AI, Inc., McKesson Corporation, MedAvail Technologies, Inc., Omnicell, Inc., RxSafe, LLC, ScriptPro LLC, Universal Logistics Holdings, Inc
The growing need for pharmacy automation is brought on by factors like an aging population, chronic diseases, and greater access to healthcare services, as well as an increase in the need for prescription prescriptions.
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