Pharmacy Automation Devices Market Size

1. The pharmacy automation devices market is projected to grow from $3.47 billion in 2025 to $7.24 billion by 2032, with an 11.1% compound annual growth rate. North America dominates with 47.7% market share as of 2024. Key market drivers include:  Rising medication dispensing errors: 7,000-9,000 annual deaths in the U.S. from medication errors  Growing adoption of automated dispensing cabinets (ADCs): 93% of hospitals now use ADCs  Increasing need for error reduction: The Wirral Hospitals NHS Trust reported 50% fewer dispensing errors within 4 months of implementing automation Major market segments:  Products: Automated medication dispensing systems, automated packaging systems  Distribution: Centralized and decentralized models  End Users: Hospital pharmacies, retail pharmacies Leading companies include:  Omnicell, Inc. (U.S.)  BD (U.S.)  Yuyama Co., Ltd. (Japan)  Baxter (U.S.)  Capsa Healthcare (U.S.)  ScriptPro LLC (U.S.)  RxSafe, LLC. (U.S.)  NewIcon (Finland)  Swisslog Healthcare (KUKA AG) (Switzerland)  JVM (Netherlands) Key challenges include high capital investment costs ($84,210-$189,473 for typical robotic systems) and ongoing maintenance expenses. Recent developments:  December 2024: Swisslog Healthcare showcased new pharmacy automation technologies at ASHP conference  January 2023: Walgreens launched 9 automated micro-fulfillment centers capable of filling 300 prescriptions per hour  March 2022: Wirral Hospitals NHS Trust reported 50% reduction in dispensing errors after implementing pharmacy robots Report- Fortune Business Insights - Pharmacy Automation Devices Market Size | Forecast [2032] https://www.fortunebusinessinsights.com/pharmacy-automation-devices-market-106938