Market by Technology, Industry Verticals, and Country | Forecast 2022-2028
Triton’s research report infers that the North America pharmacy
automation equipment market is expected to observe growth at a CAGR of 7.34%
during the forecasted years 2022-2028.
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The countries discussed in this market are:
• United States
• Canada
North America holds the largest market share globally. This region’s
market is primarily driven by factors such as rising public health awareness,
growing strategic activities by the government, and growing adoption of
pharmacy automation equipment. The presence of leading players is another
factor influencing the adoption of automated systems. Besides this, the high
awareness relating to automated systems, coupled with the surging prevalence of
chronic conditions, is widening the scope and growth of the pharmacy automation
equipment market.
In the United States, the studied market’s growth is supported by rising
demand for pharmacy automation systems. The growing number of medication errors
due to human intervention is also expected to widen the demand for automated
systems to ensure patient safety. Also, the growing inclination towards
automated systems due to reduced labor costs for filling, packaging, and
labeling supports the market’s overall development. For instance, Parata
Systems launched its next-generation vial-filling robot, Max 2. Such
developments support the pharmacy automation equipment market’s growth
immensely.
Additionally, the rise in chronic conditions and the recent COVID-19
outbreak surged the demand for various healthcare products and medications,
which must be dispensed without cross-contamination. Hence, these are another
set of factors driving the pharmacy automation equipment market’s growth.
Arxium Inc is a major developer of pharmacy automation, workflow, and
inventory management solutions to improve safety, save costs, and increase
productivity. It provides a range of solutions to shared service centers and
health systems, hospitals, government pharmacies, and retailers. Additionally,
the company offers scheduling and workflow, among others. Its fully automated
compounding system offers its customers automated packaging, dispensing, vial
filling, and high-volume systems. Arixium has operations across various
regions, with headquarters in Canada.
1. NORTH
AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON PHARMACY AUTOMATION EQUIPMENT MARKET
2.2. KEY
INSIGHTS
2.3. PORTER’S
FIVE FORCES MODEL
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE PRODUCTS
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. COMPETITIVE
RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY STRATEGIC
DEVELOPMENTS
2.6.1. CONTRACTS
AND PARTNERSHIPS
2.6.2. BUSINESS
EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
2.6.3. ACQUISITIONS
& MERGERS
2.6.4. NEW
PRODUCT LAUNCHES & DEVELOPMENTS
2.7. MARKET
DRIVERS
2.7.1. GROWING
PREFERENCE FOR DECENTRALIZED PHARMACY SERVICES
2.7.2. PHARMACY
AUTOMATION RATIONALIZING PHARMACY OPERATIONS
2.8. MARKET
CHALLENGES
2.8.1. LACK
OF FINANCIAL SUPPORT AND RELUCTANCE IN ADOPTING PHARMACY AUTOMATION SYSTEMS
2.8.2. COMPLEXITY
IN OPERATING AUTOMATED DISPENSING SYSTEMS
2.9. MARKET
OPPORTUNITIES
2.9.1. SURGING
DEMAND FOR SPECIALTY DRUGS
2.9.2. TECHNOLOGICAL
ADVANCEMENTS
3. NORTH
AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET - BY TECHNOLOGY
3.1. AUTOMATED
MEDICATION DISPENSING SYSTEM
3.2. AUTOMATED
PACKAGING AND LABELING SYSTEM
3.3. AUTOMATED
TABLE-TOP COUNTER
3.4. AUTOMATED
STORAGE AND RETRIEVAL SYSTEM
3.5. OTHER
TECHNOLOGIES
4. NORTH
AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET - BY INDUSTRY VERTICALS
4.1. RETAIL
PHARMACY
4.2. HOSPITAL
PHARMACY
4.3. OTHER
INDUSTRY VERTICALS
5. NORTH
AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET – COUNTRY OUTLOOK
5.1. UNITED
STATES
5.2. CANADA
6. COMPANY
PROFILE
6.1. AMERISOURCEBERGEN
6.2. ACCU-CHART
PLUS HEALTHCARE SYSTEM INC
6.3. ARXIUM
INC
6.4. ALIXARX
6.5. AVERY
WEIGH TRONIX
6.6. BAXTER
INTERNATIONAL INC
6.7. BECTON
DICKINSON AND COMPANY
6.8. CAPSA
HEALTHCARE LLC
6.9. CERNER
CORPORATION
6.10. MCKESSON
CORPORATION
6.11. NEWICON
OY
6.12. OMNICELL
INC
6.13. PEARSON
MEDICAL TECHNOLOGIES
6.14. PERCEPTIMED
INC
6.15. PARATA
SYSTEMS LLC
6.16. SCRIPTPRO
LLC
6.17. SWISSLOG
HOLDINGS AG
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.1.1. OBJECTIVES
OF STUDY
7.1.2. SCOPE
OF STUDY
7.2. SOURCES
OF DATA
7.2.1. PRIMARY
DATA SOURCES
7.2.2. SECONDARY
DATA SOURCES
7.3. RESEARCH
METHODOLOGY
7.3.1. EVALUATION
OF PROPOSED MARKET
7.3.2. IDENTIFICATION
OF DATA SOURCES
7.3.3. ASSESSMENT
OF MARKET DETERMINANTS
7.3.4. DATA
COLLECTION
7.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF CONTRACTS AND PARTNERSHIPS
TABLE 4: LIST OF BUSINESS EXPANSIONS,
ANNOUNCEMENTS, AND DIVESTITURES
TABLE 5: LIST OF ACQUISITIONS & MERGERS
TABLE 6: LIST OF NEW PRODUCT LAUNCHES &
DEVELOPMENTS
TABLE 7: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT
MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY TECHNOLOGY, 2020 & 2028 (IN %)
FIGURE
2: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY AUTOMATED MEDICATION DISPENSING SYSTEM, 2022-2028 (IN $
MILLION)
FIGURE
3: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY AUTOMATED PACKAGING AND LABELING SYSTEM, 2022-2028 (IN $
MILLION)
FIGURE
4: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY AUTOMATED TABLE-TOP COUNTER, 2022-2028 (IN $ MILLION)
FIGURE
5: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY AUTOMATED STORAGE AND RETRIEVAL SYSTEM, 2022-2028 (IN $
MILLION)
FIGURE
6: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY OTHER TECHNOLOGIES, 2022-2028 (IN $ MILLION)
FIGURE
7: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY INDUSTRY VERTICALS, 2020 & 2028 (IN %)
FIGURE
8: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY RETAIL PHARMACY, 2022-2028 (IN $ MILLION)
FIGURE
9: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY HOSPITAL PHARMACY, 2022-2028 (IN $ MILLION)
FIGURE
10: NORTH AMERICA PHARMACY AUTOMATION
EQUIPMENT MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE
11: UNITED STATES PHARMACY AUTOMATION
EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
12: CANADA PHARMACY AUTOMATION EQUIPMENT
MARKET 2022-2028 (IN $ MILLION)