The pharmaceutical industry is growing at a very fast rate with the evolution of better medication. No matter how useful a medicine may be, it will have no effect if it is not managed and administered properly. Pharmacy automation system is a very important part of medication management, i.e. getting the right amount of a drug to the right patient at the right time, which is one of the major challenges of healthcare management.
The pharmaceutical industry is growing at a very fast rate with the evolution of better
medication. No matter how useful a medicine may be, it will have no effect if it is not managed
and administered properly. Pharmacy automation system is a very important part of medication
management, i.e. getting the right amount of a drug to the right patient at the right time, which
is one of the major challenges of healthcare management.
With technology transforming the way everything works these days, pharmacists no longer need
to play their traditional role of product focused dispensing for variety of medicinal formulations.
Pharmacy automation systems are effective and efficient and can outperform in tasks which
require intense concentration, tedious repetition or complex record keeping procedures, thus
saving both time and money.
A pharmacy automation system is a mechanical system that performs tasks in pharmacy and
other healthcare industrial organization. Pharmacy automation systems are already being used
across the globe in the pharmaceutical sector. They can be segmented on the basis of
technology into automated medication dispensing systems, automated packaging and labelling
systems, automated medication compounding systems, storage and retrieval systems, and table
top counters. The major end use markets for pharmacy automation are in-patient pharmacy
automation, outpatient pharmacy automation, pharmacy benefit management organisations
and retail pharmacy chains. The in-patient market can be further segmented into acute care
setting and long-term care setting.
The outpatient pharmacy automation market can be segmented into fast-track clinics and
hospital pharmacies. Pharmacy automation systems can be centralised or decentralised,
depending upon the nature of the healthcare facilities.
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North America accounted for the largest pharmacy automation system market share in 2013.
The presence of a high number of R&D and healthcare establishments and high penetration rate
of IT systems in pharmacies are the key factors contributing to the growth of this market
especially in advanced economies of the globe.
Asia Pacific is expected to grow at a much faster rate as compared to the developed regions of
North America and Europe by 2020. This is mostly due to increasing awareness, rapid
improvement in healthcare services and saturation in the developed markets. The global
pharmacy automation market has shown a significant growth over the past few years and is
expected to show robust growth during the forecast period.
There are various factors which drive the growth of this market like increase in life expectancy,
increase in population, expanding ageing population, increase in medical prescriptions and a
shift from centralised to decentralised pharmacies.
Moreover the need for cost reduction, lowering of medication errors, increase in the efficiency
of work within the organisation (whether centralised or decentralised), improved productivity,
are the major reasons to encourage the development of the pharmacy automation market.
In contrast, stringent regulatory guidelines, high cost of implementation and installation, limited
budget of healthcare organisations, rising drug prices and lack of awareness of the benefits of
the automation systems in some countries are the major factors curbing the growth of
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The global pharmacy automation market is a highly competitive market comprising of numerous
big and small players. The major players in the market are AmerisourceBergen Corporation,
Baxter International Inc. , Swisslog Holdings AG , Care Fusion Corporation , Kirby Lester LLC ,
McKesson Corporation , Omnicell Inc. , ScriptPro LLC , and Talyst Inc..
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