APAC Pharmacy Automation System Market

APAC Pharmacy Automation System Market Size (2023 to 2028)

The size of the Pharmacy Automation System Market in the Asia Pacific was around USD 0.69 Billion in 2023. It is expected to grow at a CAGR of 9.1% to reach USD 1.06 Billion by 2028. It captures 15% of the global market.

The APAC pharmacy automation systems market is majorly driven by expanding acceptance and demand for automated solutions in pharmacies and socio-economic reasons such as rising illness occurrences due to an aging population. These automated technologies let physicians focus on direct patient care by streamlining the pharmacy process and reducing the risk of mistakes. Product advancements and rising hospitalization rates are secondary growth drivers. Hospitals may track and manage medications, supplies, and health information about patients using Pharmacy Automation Systems, ensuring that only the needed products are replenished.

Pharmacists and healthcare professionals can save money by adopting an automated system. Tablet computations, compound preparation, prescription management, medicine packaging, dispensing, and inventory management may be automated. When various technologies are combined, each system's advantages may be achieved.

During the forecast period, growth is predicted to be boosted by Brazil, China, and India and the increased need for pharmacy and health operations automation and untapped development potential. Government rules on packaging, labeling, and pharmaceutical mixtures also hasten automated packaging and labeling systems. The rising prevalence of safer pharmaceuticals, combined with chronic illness occurrences, is a significant driver of market growth. In addition, the growing number of hospitals and medical facilities also fuel the need for the market.

However, the high cost of adopting and installing pharmacy automation systems is predicted to be the key hindrance to market growth. The market's growth is further hindered by a lack of comprehensive knowledge of present systems in rural areas. Although the expense of installing and maintaining the systems is too expensive for small enterprises, it has remained a commercial obstacle. High implementation costs are also a key impediment to the growth of this technology. In this industry, vendors that build low-cost technology for small hospitals and pharmacies will have many opportunities. The market is expected to be limited by all these factors during the forecast period.

This research report on the Asia Pacific pharmacy automation systems market has been segmented and sub-segmented into the following categories.

By Product:

• Automated Medication Dispensing Systems                            
  • Centralized Automated Dispensing Systems        
    • Robots/Robotic Automated Dispensing Systems
    • Carousels
  • Decentralized Automated Dispensing Systems   
    • Automated unit-dose Dispensing Systems
    • Pharmacy-Based Automated Dispensing Systems
    • Ward-Based Automated Dispensing Systems
• Automated Packaging and Labeling Systems                           
  • Automated unit-dose Packaging & Labeling Systems       
  • Automated Multi-Dose Packaging & Labeling Systems     
• Automated Table-Top Counters                    
  • Automated Medication Compounding Systems  
• Automated Storage and Retrieval Systems                               
• Other Pharmacy Automation Systems          

By End User:

• Inpatient Pharmacies                        
  • Acute Care Settings        
  • Long-Term Care Facilities             
• Outpatient Pharmacies                     
  • Outpatient/Fast-Track Clinics     
  • Hospital Retail Settings  
• Retail Pharmacies                
• Pharmacy Benefit Management Organizations and Mail-Order Pharmacies 

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Regionally, the Asia Pacific is the fastest-growing region in the global market. The rapid rise in the number of patients, demand for quality care, and effective up-gradation of the healthcare IT infrastructure is expected to positively impact the demand for the pharmacy automation systems market in APAC.

Due to expanding acceptance and demand for automated solutions in pharmacies and socioeconomic factors such as rising sickness occurrences due to an aging population, the market for pharmacy automation systems in the Asia Pacific is growing.

China is likely to be the market leader in the Asia Pacific for Pharmacy Automation systems during the forecast period. As the number of drug prescription error-related deaths and injuries grows, medical professionals and pharmacists are being pushed to create more efficient technology. In addition, there is an increasing demand for pharmaceutical delivery systems that meet safety criteria and increase patient visits. Advanced automated methods and technologies are the most effective technique to eliminate medication mistakes and improve patient safety.

India is expected to have the second-largest market share, behind China. The introduction of new technologies and a greater emphasis on the establishment of various creative pharmacy systems has only boosted the market's development potential. In addition, the Indian market for Pharmacy Automation Systems is growing due to the government's policy initiatives that benefit the poor.

KEY MARKET PLAYERS:

Companies playing a significant role in the Asia Pacific pharmacy automation system market are Becton, Dickinson, and Company (U.S.), Omnicell, Baxter International, Inc. (U.S.), ScriptPro LLC (U.S.), KUKA AG (Germany), TCGRx Pharmacy Workflow Solutions (U.S.), RxSafe, Inc. (U.S.), Cerner Corporation (U.S.), Capsa Healthcare (U.S.), Parata Systems LLC (U.S), LLC (U.S.), ARxIUM Inc. (U.S.) and Talyst Systems LLC. (U.S.).