The United States pharmacy automation equipment market is set to grow with a CAGR of 7.45% during the forecast period. The market growth of the country is facilitated by the upsurge in chronic diseases, the increasing shift towards automated systems given the reduced labor costs, and the rising demand for various drugs as well as other healthcare-related products. While the base year considered for the market studied is 2020, the projected years are from 2021 to 2026.

UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET FORECAST 2021-2026

United States 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)

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The United States pharmacy automation equipment market is set to grow with a CAGR of 7.45% during the forecast period. The market growth of the country is facilitated by the upsurge in chronic diseases, the increasing shift towards automated systems given the reduced labor costs, and the rising demand for various drugs as well as other healthcare-related products. While the base year considered for the market studied is 2020, the projected years are from 2021 to 2026.

united-states-pharmacy-automation-equipment-market

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In 2019, Parata Systems, a United States-based pharmacy automation provider, launched its next-generation vial-filling robot, Max 2. Similarly, in the same year, GEA Group Aktiengesellschaft launched GEA SmartPacker TwinTube, the company’s redesigned high-speed vertical packaging machine, at PACK EXPO (booth LS-5905). iA, a leading provider of software-enabled pharmacy automation solutions, announced the Reseller Agreement with Becton, Dickinson and Company in 2020 for the integration of its symphony software platform with BD Rowa Pouch Packaging Solution.

On the other hand, the United States Food and Drug Administration (FDA) receives over 1,00,000 reports linked to a medication error annually. Moreover, according to the study published in StatPearls in June 2020, entitled “Medication Errors,” approximately 7,000 to 9,000 individuals die in the country on account of medication errors every year. Therefore, these factors are anticipated to fuel the pharmacy automation equipment market growth in the United States during the forecast period.

Cerner Corporation, headquartered in the United States, offers healthcare information technology (IT) services and solutions in the United States as well as internationally. It provides a person-centric computing framework, namely, Cerner Millennium architecture, including financial, clinical, and management information systems enablers to access an individual’s electronic health record (EHR) at the point of care. It also delivers organized information to physicians, pharmacists, nurses, laboratory technicians, and others.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. 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
    4. MARKET BY PRODUCT
      • AUTOMATED MEDICATION DISPENSING SYSTEM
      • AUTOMATED PACKAGING AND LABELING SYSTEM
      • AUTOMATED TABLE-TOP COUNTER
      • AUTOMATED STORAGE AND RETRIEVAL SYSTEM
      • OTHER PRODUCTS
    5. MARKET BY END-USER
      • RETAIL PHARMACY
      • HOSPITAL PHARMACY
      • OTHER END-USERS
    6. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
      • COMPANY PROFILES
        • AMERISOURCEBERGEN
        • BAXTER INTERNATIONAL INC
        • BECTON, DICKINSON AND COMPANY (BD)
        • CERNER CORPORATION
        • MCKESSON CORPORATION
        • OMNICELL INC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – PHARMACY AUTOMATION EQUIPMENT

    TABLE 2: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY PRODUCT, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 4: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY END-USER, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 6: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY COUNTRY, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 8: LEADING PLAYERS OPERATING IN UNITED STATES 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: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY PRODUCT, IN 2020

    FIGURE 6: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED MEDICATION DISPENSING SYSTEM, 2021-2026 (IN $ MILLION)

    FIGURE 7: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED PACKAGING AND LABELING SYSTEM, 2021-2026 (IN $ MILLION)

    FIGURE 8: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED TABLE-TOP COUNTER, 2021-2026 (IN $ MILLION)

    FIGURE 9: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY AUTOMATED STORAGE AND RETRIEVAL SYSTEM, 2021-2026 (IN $ MILLION)

    FIGURE 10: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY OTHER PRODUCTS, 2021-2026 (IN $ MILLION)

    FIGURE 11: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY END-USER, IN 2020

    FIGURE 12: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY RETAIL PHARMACY, 2021-2026 (IN $ MILLION)

    FIGURE 13: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY HOSPITAL PHARMACY, 2021-2026 (IN $ MILLION)

    FIGURE 14: UNITED STATES PHARMACY AUTOMATION EQUIPMENT MARKET, BY OTHER END-USERS, 2021-2026 (IN $ MILLION)

    1. MARKET BY PRODUCT
      • AUTOMATED MEDICATION DISPENSING SYSTEM
      • AUTOMATED PACKAGING AND LABELING SYSTEM
      • AUTOMATED TABLE-TOP COUNTER
      • AUTOMATED STORAGE AND RETRIEVAL SYSTEM
      • OTHER PRODUCTS
    2. MARKET BY END-USER
      • RETAIL PHARMACY
      • HOSPITAL PHARMACY
      • OTHER END-USERS

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