The North America pharmacy automation equipment market is set to project a CAGR of 7.43% during the forecast years of 2021 to 2028. The market growth of the region is ascribed to the increasing awareness regarding automated systems among pharmacies, the rising geriatric population, the growing incidence of chronic conditions, and the significant presence of leading players.
NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET FORECAST 2021-2028
North America Pharmacy Automation Equipment Market by Product (Automated Medication Dispensing System, Automated Packaging and Labeling System, Automated Table-top Counter, Automated Storage and Retrieval System, Other Products) Market by End-user (Retail Pharmacy, Hospital Pharmacy, Other End-users) by Geography
The North America pharmacy automation equipment market is set to project a CAGR of 7.43% during the forecast years of 2021 to 2028. The market growth of the region is ascribed to the increasing awareness regarding automated systems among pharmacies, the rising geriatric population, the growing incidence of chronic conditions, and the significant presence of leading players.
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The North America pharmacy automation equipment market growth evaluation includes the assessment of the United States and Canada. The United States is anticipated to dominate the region’s market owing to the surging demand for pharmacy automation systems, given the advantages they offer. Moreover, the increasing number of medication errors on account of human intervention are likely to lead to a sharp growth in the market demand, as well. This aspect further necessitates a rising focus on providing value-based care to patients.
On the other hand, as per the United States Food and Drug Administration (FDA), over 100,000 cases continue to be recorded in the United States annually, with a suspected error in medication. The increasing incidence of chronic conditions, in addition to the COVID-19 pandemic, has significantly increased the need for healthcare products and various other drugs dispensed without errors and cross-contamination. Hence, these factors are set to augment the pharmacy automation equipment market growth in North America over the forecasted years.
McKesson Corporation, headquartered in the United States, offers medical supplies and pharmaceuticals. It operates through four segments, namely, European Pharmaceutical Solutions, US Pharmaceutical and Specialty Solutions, Medical-Surgical Solutions, and Others. The company supplies specialty, biosimilars, branded, generic, over-the-counter pharmaceutical drugs, and other healthcare-related products, in addition to technology, clinical support, business solutions, and practice management to community-based oncology as well as other specialty practices.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- USAGE OF AUTOMATED MEDICATION DISPENSING SYSTEMS TO MINIMIZE MEDICATION ERRORS
- DEMAND FOR SPECIALTY DRUGS DUE TO INCREASE IN COMPLEX, CHRONIC, AND RARE DISEASES
- DECENTRALIZATION OF PHARMACIES
- KEY RESTRAINTS
- DIFFICULTIES ASSOCIATED WITH OPERATING AUTOMATED DISPENSING SYSTEMS
- RELUCTANCE TO ADOPT PHARMACY AUTOMATION SYSTEMS
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON PHARMACY AUTOMATION EQUIPMENT MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRY
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY PRODUCT
- AUTOMATED MEDICATION DISPENSING SYSTEM
- AUTOMATED PACKAGING AND LABELING SYSTEM
- AUTOMATED TABLE-TOP COUNTER
- AUTOMATED STORAGE AND RETRIEVAL SYSTEM
- OTHER PRODUCTS
- MARKET BY END-USER
- RETAIL PHARMACY
- HOSPITAL PHARMACY
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
- COMPANY PROFILES
- ACCU-CHART PLUS HEALTHCARE SYSTEM INC
- ALIXARX
- AMERISOURCEBERGEN
- ARXIUM INC
- AVERY WEIGH -TRONIX
- BAXTER INTERNATIONAL INC
- BECTON, DICKINSON AND COMPANY (BD)
- CAPSA HEALTHCARE LLC
- CERNER CORPORATION
- MCKESSON CORPORATION
- NEWLCON OY
- OMNICELL INC
- PARATA SYSTEMS LLC
- PEARSON MEDICAL TECHNOLOGIES
- PERCEPTIMED INC
- RXSAFE LLC
- SCRIPTPRO LLC
- SWISSLOG HOLDINGS AG
- YUYAMA CO LTD
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – PHARMACY AUTOMATION EQUIPMENT
TABLE 2: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY PRODUCT, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: LEADING PLAYERS OPERATING IN NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET
TABLE 9: LIST OF MERGERS & ACQUISITIONS
TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 12: LIST OF BUSINESS EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY PRODUCT, IN 2020
FIGURE 6: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED MEDICATION DISPENSING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED PACKAGING AND LABELING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED TABLE-TOP COUNTER, 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED STORAGE AND RETRIEVAL SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY OTHER PRODUCTS, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY END-USER, IN 2020
FIGURE 12: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY RETAIL PHARMACY, 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY HOSPITAL PHARMACY, 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA PHARMACY AUTOMATION EQUIPMENT MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)
FIGURE 16: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
FIGURE 17: CANADA PHARMACY AUTOMATION EQUIPMENT MARKET, 2021-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- MARKET BY PRODUCT
- AUTOMATED MEDICATION DISPENSING SYSTEM
- AUTOMATED PACKAGING AND LABELING SYSTEM
- AUTOMATED TABLE-TOP COUNTER
- AUTOMATED STORAGE AND RETRIEVAL SYSTEM
- OTHER PRODUCTS
- MARKET BY END-USER
- RETAIL PHARMACY
- HOSPITAL PHARMACY
- OTHER END-USERS
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