NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET 2022-2028

Lifesciences | Medical Devices & Consumables

NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET 2022-2028

Market by Technology, Industry Verticals, and Country | Forecast 2022-2028

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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. 

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Table of Content

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

List of Tables

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)

List of Figures

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)

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