Report Overview

Europe Pharmacy Automation Market - Industry Trends & Forecast Report, 2029

Europe size was estimated at USD 1.55 billion in 2022. During the forecast period between 2023 and 2029, the size of Europe pharmacy automation market is projected to grow at a CAGR of 9.49% reaching a value of USD 2.67 billion by 2029. The Europe pharmacy automation market is driven by several key factors. Increasing demand for efficient and accurate medication dispensing due to the aging population and rising chronic diseases fuels market growth. Also, the need to reduce medication errors and enhance patient safety is a significant driver. Further, regulatory pressures for stringent medication management and inventory control also contribute to the market's expansion. COVID-19 pandemic further accelerated the adoption of automation to ensure contactless prescription fulfillment. Advancements in technology, such as robotics and AI, are propelling the market forward by offering innovative solutions for pharmacy operations.

Pharmacy Automation - Overview

Pharmacy automation refers to the use of technology and machinery to streamline and enhance various processes in pharmaceutical settings. It encompasses tasks such as medication dispensing, prescription filling, inventory management, and patient record keeping. Automation systems like robotic dispensers, automated pill counters, and electronic health records help reduce errors, improve efficiency, and ensure medication safety. They also enable pharmacists to focus on patient care and counseling rather than repetitive tasks. Pharmacy automation plays a crucial role in modern healthcare, promoting accuracy and accessibility while optimizing the overall pharmaceutical workflow.

Europe Pharmacy Automation Market

Growth Drivers

Digital Transformation and Healthcare Modernization

Europe pharmacy automation market is experiencing robust growth due to several key factors. First, the increasing demand for efficient and accurate medication dispensing systems in healthcare facilities is driving the adoption of automation solutions. Second, the rising emphasis on patient safety and reducing medication errors is boosting the implementation of automated pharmacy systems. Also, the aging population in Europe is creating a higher demand for pharmaceuticals, necessitating automation to handle the increased workload. Advancements in technology, such as robotics and AI, are enhancing pharmacy operations, making automation an attractive investment for healthcare institutions.

Restraints

Regulatory Hurdles

One of the key restraints in the Europe pharmacy automation market is the presence of regulatory hurdles. Stringent regulations and varying compliance requirements across European countries pose challenges for automation system providers. Adhering to diverse standards and ensuring data security and patient privacy compliance can be complex and time-consuming. Also, navigating the complex reimbursement systems in different European healthcare environments can limit the pace of adoption of pharmacy automation solutions. These regulatory challenges may hinder market growth and necessitate tailored strategies for each European market.

Impact of COVID-19 on Europe Pharmacy Automation Market

The COVID-19 pandemic significantly impacted Europe pharmacy automation market. Initially, the pandemic increased the demand for pharmacy automation solutions as pharmacies sought to minimize physical contact and expedite prescription processing. However, supply chain disruptions, restricted access to healthcare facilities, and economic uncertainties led to delayed investments in automation projects. As healthcare systems adapted to the pandemic, interest was resurgent, with pharmacies recognizing the long-term benefits of automation in maintaining operational resilience. The market's recovery and sustained growth are influenced by ongoing healthcare challenges and the increasing need for efficient and safe pharmacy operations in Europe.

Europe Pharmacy Automation Market

Segmental Coverage

Europe Pharmacy Automation Market - By Type

By type, Europe pharmacy automation market is divided into Automated Medication Dispensing Systems, Automated Packaging & Labeling Systems, Automated Storage & Retrieval Systems, Automated Compounding Devices, and Tabletop Tablet Counters segments. The automated medication dispensing systems segment is the largest segment in the Europe pharmacy automation market by type. These systems play a pivotal role in healthcare by automating the process of dispensing medications accurately and efficiently. This segment encompasses technologies and solutions designed to streamline medication distribution within healthcare facilities, ensuring patient safety and improving workflow for healthcare professionals. Automated medication dispensing systems have gained prominence due to their ability to reduce medication errors, enhance inventory management, and optimize the overall medication dispensing process, making them a key component in the evolving landscape of pharmacy automation in Europe.

Europe Pharmacy Automation Market - By End User

By end user, the Europe pharmacy automation market is divided into Inpatient Pharmacies, Outpatient Pharmacies, Retail Pharmacies, Online Pharmacies, Central Fill/Mail Order Pharmacies, and Pharmacy Benefit Management Organizations. Inpatient pharmacies represent the largest segment, serving hospitals and other healthcare institutions. They rely on pharmacy automation to streamline medication distribution within their facilities, ensuring timely and accurate patient care. Retail pharmacies and online pharmacies are also significant segments, catering to the community and online shoppers. Pharmacy benefit management organizations play a vital role in optimizing medication costs and benefit plans. Each end-user segment addresses unique pharmacy automation needs in the European healthcare landscape.

Europe Pharmacy Automation Market - By Country

By country, Europe pharmacy automation market is further segmented into Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, Netherlands, and Rest of Europe. Germany holds the largest market share in pharmacy automation. The country's advanced healthcare infrastructure and emphasis on patient safety drive the adoption of automation solutions. The United Kingdom, France, and Italy are also prominent markets, focusing on enhancing pharmacy efficiency. These countries' investments in healthcare technology contribute to the growth of the pharmacy automation market in Europe. Each country segment reflects regional variations and priorities in pharmacy automation adoption, highlighting the diversity of the European market.

Competitive Landscape

Europe pharmacy automation market is fiercely competitive, with ARxIUM, OMNICELL INC., Cerner Corporation, Capsa Healthcare, ScriptPro LLC, RxSafe, LLC., MedAvail Technologies, Inc., Asteres Inc., BD, Baxter, McKesson Corporation, Innovation Associates, Takazono Corporation, TOSHO Inc., JVM Europe BV, Genesis Automation LTD, myPak Solutions Pty Ltd, Demodeks Pharmacy Shelving, and Deenova Srl. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In January 2023 - AmerisourceBergen Corporation completed the acquisition of PharmaLex Holding GmbH to enhance its growth strategy by advancing its leadership in specialty services and Europe platform of pharma manufacturer services capabilities.

• In February 2022 - Baxter received authorization from the Common Vulnerability and Exposures (CVE) program to be a CVE Numbering Authority.

Scope of the Report

By Type

• Automated Medication Dispensing Systems

• Automated Packaging & Labeling Systems

• Automated Storage & Retrieval Systems

• Automated Compounding Devices

• Tabletop Tablet Counters

By End User

• Inpatient Pharmacies

• Outpatient Pharmacies

• Retail Pharmacies

• Online Pharmacies

• Central Fill/Mail Order Pharmacies

• Pharmacy Benefit Management Organizations

By Country

• Germany

• United Kingdom

• Italy

• France

• Spain

• Belgium

• Russia

• The Netherlands

• Rest of Europe

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Europe Pharmacy Automation Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing need to minimize medication errors
         2. Increasing aging population and chronic diseases
      2. Restraints
         1. High initial investment
         2. Stringent regulatory requirements
      3. Opportunities
         1. Emerging markets
         2. Medication management solutions
      4. Challenges
         1. Competition
         2. Data security
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Europe Pharmacy Automation Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Automated Medication Dispensing Systems
         2. Automated Packaging & Labeling Systems
         3. Automated Storage & Retrieval Systems
         4. Automated Compounding Devices
         5. Tabletop Tablet Counters
      2. By End User
         1. Inpatient Pharmacies
         2. Outpatient Pharmacies
         3. Retail Pharmacies
         4. Online Pharmacies
         5. Central Fill/Mail Order Pharmacies
         6. Pharmacy Benefit Management Organizations
         7. Others
      3. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Belgium
         7. Russia
         8. The Netherlands
         9. Rest of Europe
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. Europe Pharmacy Automation Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on Europe Pharmacy Automation Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
   1. ARxIUM
   2. OMNICELL INC.
   3. Cerner Corporation
   4. Capsa Healthcare
   5. ScriptPro LLC
   6. RxSafe, LLC.
   7. MedAvail Technologies, Inc.
   8. Asteres Inc.
   9. BD
   10. Baxter
   11. McKesson Corporation
   12. Innovation Associates
   13. Takazono Corporation
   14. TOSHO Inc.
   15. JVM Europe BV
   16. Genesis Automation LTD
   17. myPak Solutions Pty Ltd.
   18. Demodeks Pharmacy Shelving
   19. Deenova S.r.l.
   20. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents
   5. Assumption & Limitation

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Europe Pharmacy Automation Market Segmentation

Figure 2       Europe Pharmacy Automation Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Europe Pharmacy Automation Market Size, By Value (USD Million), 2019–2029

Figure 5       Europe Pharmacy Automation Market Share, By Type, By Value, 2019–2029

Figure 6       Europe Pharmacy Automation Market Share, By End User, By Value, 2019–2029

Figure 7       Europe Pharmacy Automation Market Share, By Country, By Value, 2019–2029

List of Tables      

Table 1        Europe Pharmacy Automation Market Share, By Type, By Value, 2019–2029

Table 2        Europe Pharmacy Automation Market Share, By End User, By Value, 2019–2029

Table 3        Europe Pharmacy Automation Market Share, By Country, By Value, 2019–2029

Table 4        ARxIUM Company Overview

Table 5        ARxIUM Financial Overview

Table 6        OMNICELL INC. Company Overview

Table 7        OMNICELL INC. Financial Overview

Table 8        Cerner Corporation Company Overview

Table 9        Cerner Corporation Financial Overview

Table 10      Capsa Healthcare Company Overview

Table 11      Capsa Healthcare Financial Overview

Table 12      ScriptPro LLC Company Overview

Table 13      ScriptPro LLC Financial Overview

Table 14      RxSafe, LLC. Company Overview

Table 15      RxSafe, LLC. Financial Overview

Table 16      MedAvail Technologies, Inc. Company Overview

Table 17      MedAvail Technologies, Inc. Financial Overview

Table 18      Asteres Inc. Company Overview

Table 19      Asteres Inc. Financial Overview

Table 20      BD Company Overview

Table 21      BD Financial Overview

Table 22      Baxter Company Overview

Table 23      Baxter Financial Overview

Table 24      McKesson Corporation Company Overview

Table 25      McKesson Corporation Financial Overview

Table 26      Innovation Associates Company Overview

Table 27      Innovation Associates Financial Overview

Table 28      Takazono Corporation Company Overview

Table 29      Takazono Corporation Financial Overview

Table 30      TOSHO Inc. Company Overview

Table 31      TOSHO Inc. Financial Overview

Table 32      JVM Europe BV Company Overview

Table 33      JVM Europe BV Financial Overview

Table 34      Genesis Automation LTD Company Overview

Table 35      Genesis Automation LTD Financial Overview

Table 36      myPak Solutions Pty Ltd. Company Overview

Table 37      myPak Solutions Pty Ltd. Financial Overview

Table 38      Demodeks Pharmacy Shelving Company Overview

Table 39      Demodeks Pharmacy Shelving Financial Overview

Table 40      Deenova S.r.l. Company Overview

Table 41      Deenova S.r.l. Financial Overview