North America Pharmacy Automation Systems Market 2022-2032 by Product Type (Medication Dispensing Systems, Storage and Retrieval Systems, Packaging and Labeling Systems, Table-top Tablet Counters, Drug Compounding Devices), End User (Hospital Pharmacies, Retail Pharmacies, PBMOs, Others), Distribution (OEMs, Aftermarket), and Country: Trend Forecast and Growth Opportunity
North America pharmacy automation systems market is projected to grow by 8.5% annually in the forecast period and reach $5.79 billion by 2032, driven by the growing need to minimize medication errors and reduce healthcare costs, improved efficiency of the pharmacy systems, the rising incidence of diseases such as cancer and cardiac disorders, technological advancements for workflow optimization, and the increasing healthcare spending.
Highlighted with 28 tables and 49 figures, this 114-page report “North America Pharmacy Automation Systems Market 2022-2032 by Product Type (Medication Dispensing Systems, Storage and Retrieval Systems, Packaging and Labeling Systems, Table-top Tablet Counters, Drug Compounding Devices), End User (Hospital Pharmacies, Retail Pharmacies, PBMOs, Others), Distribution (OEMs, Aftermarket), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America pharmacy automation systems market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America pharmacy automation systems market in every aspect of the classification from perspectives of Product Type, End User, Distribution, and Country.
Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Automated Medication Dispensing Systems
o by Operation (Centralized Systems, Decentralized Systems)
o by type (Robots/Robotic Automated Dispensing Systems, Carousels, and Automated Dispensing Cabinets (ADCs)
• Automated Storage and Retrieval Systems
• Automated Packaging and Labeling Systems
o Unit-Dose Packaging & Labeling Systems
o Multi-Dose Packaging & Labeling Systems
• Table-top Tablet Counters
• Automated Drug Compounding Devices
o Compounding Systems for Solid Formulation
o Compounding Systems for Liquid Formulation
o Compounding Systems for Other Formulations
• Other Product Types
Based on End User, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hospital Pharmacies
o Hospital Inpatient Pharmacy
o Hospital Outpatient Pharmacy
• Retail Pharmacies
o Retail Chain Pharmacies
o Independent Drug Stores
• Pharmacy Benefit Management Organizations (PBMOs)
• Other End Users
By Distribution, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• OEMs
• Aftermarket Channels
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Product Type, End User, and Distribution over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Accu-Chart Plus Healthcare Systems, Inc.
Aesynt, Inc.
Amerisouce Bergen Corporation
ARxIUM, Inc.
Baxter International Inc.
Becton Dickinson and Company
Capsa Healthcare, LLC
Cerner Corporation
Health Robotics S.R.L.
iA
McKesson Corporation
Medacist Solutions Group, LLC
Omnicell Inc.
Parata Systems LLC
Pearson Medical Technologies
RxSafe LLC
ScriptPro LLC
Swisslog Holdings AG
Talyst, LLC
TCGRx Pharmacy Workflow Solutions
Yuyama Co., Ltd.
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 18
2.1 Market Size and Forecast 18
2.1.1 Impact of COVID-19 on World Economy 19
2.1.2 Impact of COVID-19 on the Market 22
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 24
2.2 Major Growth Drivers 28
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of North America Market by Product Type 44
3.1 Market Overview by Product Type 44
3.2 Automated Medication Dispensing Systems 46
3.2.1 Analysis of Automated Medication Dispensing Systems by Operation 47
3.2.1.1 Centralized Systems 48
3.2.1.2 Decentralized Systems 49
3.2.2 Analysis of Automated Medication Dispensing Systems by Type 50
3.2.2.1 Robots/Robotic Automated Dispensing Systems 51
3.2.2.2 Carousels 52
3.2.2.3 Automated Dispensing Cabinets (ADCs) 53
3.3 Automated Storage and Retrieval Systems 54
3.4 Automated Packaging and Labeling Systems 55
3.4.1 Unit-Dose Packaging & Labeling Systems 56
3.4.2 Multi-Dose Packaging & Labeling Systems 57
3.5 Table-top Tablet Counters 58
3.6 Automated Drug Compounding Devices 59
3.6.1 Compounding Systems for Solid Formulation 60
3.6.2 Compounding Systems for Liquid Formulation 61
3.6.3 Compounding Systems for Other Formulations 62
3.7 Other Product Types 63
4 Segmentation of North America Market by End User 64
4.1 Market Overview by End User 64
4.2 Hospital Pharmacies 66
4.2.1 Hospital Inpatient Pharmacy 67
4.2.2 Hospital Outpatient Pharmacy 68
4.3 Retail Pharmacies 69
4.3.1 Retail Chain Pharmacies 70
4.3.2 Independent Drug Stores 71
4.4 Pharmacy Benefit Management Organizations (PBMOs) 72
4.5 Other End Users 73
5 Segmentation of North America Market by Distribution 74
5.1 Market Overview by Distribution 74
5.2 OEMs 76
5.3 Aftermarket Channels 77
6 North America Market 2022-2032 by Country 78
6.1 Overview of North America Market 78
6.2 U.S. 81
6.3 Canada 84
6.4 Mexico 86
7 Competitive Landscape 88
7.1 Overview of Key Vendors 88
7.2 New Product Launch, Partnership, Investment, and M&A 91
7.3 Company Profiles 92
Accu-Chart Plus Healthcare Systems, Inc. 92
Aesynt, Inc. 94
Amerisouce Bergen Corporation 95
ARxIUM, Inc. 96
Baxter International Inc. 97
Becton Dickinson and Company 98
Capsa Healthcare, LLC 99
Cerner Corporation 100
Health Robotics S.R.L. 101
iA 102
McKesson Corporation 103
Medacist Solutions Group, LLC 104
Omnicell Inc. 105
Parata Systems LLC 106
Pearson Medical Technologies 107
RxSafe LLC 108
ScriptPro LLC 109
Swisslog Holdings AG 110
Talyst, LLC 111
TCGRx Pharmacy Workflow Solutions 112
Yuyama Co., Ltd. 113
RELATED REPORTS 114
List of Tables:
Table 1. Snapshot of North America Pharmacy Automation Systems Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 20
Table 3. World Economic Outlook, 2021-2023 21
Table 4. Scenarios for Economic Impact of Ukraine Crisis 25
Table 5. World Health Spending by Region, $ bn, 2013-2020 32
Table 6. Main Product Trends and Market Opportunities in North America Pharmacy Automation Systems Market 36
Table 7. North America Pharmacy Automation Systems Market by Product Type, 2022-2032, $ mn 44
Table 8. North America Pharmacy Automation Systems Market: Automated Medication Dispensing Systems (AMDS) by Operation, 2022-2032, $ mn 47
Table 9. North America Pharmacy Automation Systems Market: Automated Medication Dispensing Systems (AMDS) by Type, 2022-2032, $ mn 50
Table 10. North America Pharmacy Automation Systems Market: Automated Packaging and Labeling Systems (APLS) by Dosage, 2022-2032, $ mn 55
Table 11. North America Pharmacy Automation Systems Market: Automated Drug Compounding Devices (ADCD) by Formulation, 2022-2032, $ mn 59
Table 12. North America Pharmacy Automation Systems Market by End User, 2022-2032, $ mn 64
Table 13. North America Pharmacy Automation Systems Market: Hospital Pharmacies by Application, 2022-2032, $ mn 66
Table 14. North America Pharmacy Automation Systems Market: Retail Pharmacies by Type, 2022-2032, $ mn 69
Table 15. North America Pharmacy Automation Systems Market by Distribution, 2022-2032, $ mn 74
Table 16. North America Pharmacy Automation Systems Market by Country, 2022-2032, $ mn 79
Table 17. U.S. Pharmacy Automation Systems Market by Product Type, 2022-2032, $ mn 83
Table 18. U.S. Pharmacy Automation Systems Market by End User, 2022-2032, $ mn 83
Table 19. U.S. Pharmacy Automation Systems Market by Distribution, 2022-2032, $ mn 83
Table 20. Canada Pharmacy Automation Systems Market by Product Type, 2022-2032, $ mn 85
Table 21. Canada Pharmacy Automation Systems Market by End User, 2022-2032, $ mn 85
Table 22. Canada Pharmacy Automation Systems Market by Distribution, 2022-2032, $ mn 85
Table 23. Mexico Pharmacy Automation Systems Market by Product Type, 2022-2032, $ mn 87
Table 24. Mexico Pharmacy Automation Systems Market by End User, 2022-2032, $ mn 87
Table 25. Mexico Pharmacy Automation Systems Market by Distribution, 2022-2032, $ mn 87
Table 26. Accu-Chart Plus Healthcare Systems, Inc.: Company Snapshot 92
Table 27. Accu-Chart Plus Healthcare Systems, Inc.: Business Segmentation 93
Table 28. Accu-Chart Plus Healthcare Systems, Inc.: Product Portfolio 93
List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. North America Pharmacy Automation Systems Market, 2022-2032, $ mn 18
Figure 5. Impact of COVID-19 on Business 22
Figure 6. Primary Drivers and Impact Factors of North America Pharmacy Automation Systems Market 28
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 31
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060 31
Figure 9. Primary Restraints and Impact Factors of North America Pharmacy Automation Systems Market 33
Figure 10. Investment Opportunity Analysis 37
Figure 11. Porter’s Fiver Forces Analysis of North America Pharmacy Automation Systems Market 40
Figure 12. Breakdown of North America Pharmacy Automation Systems Market by Product Type, 2022-2032, % of Revenue 45
Figure 13. North America Addressable Market Cap in 2023-2032 by Product Type, Value ($ mn) and Share (%) 45
Figure 14. North America Pharmacy Automation Systems Market by Product Type: Automated Medication Dispensing Systems (AMDS), 2022-2032, $ mn 46
Figure 15. North America Pharmacy Automation Systems Market by AMDS Operation: Centralized Systems, 2022-2032, $ mn 48
Figure 16. North America Pharmacy Automation Systems Market by AMDS Operation: Decentralized Systems, 2022-2032, $ mn 49
Figure 17. North America Pharmacy Automation Systems Market by AMDS Type: Robots/Robotic Automated Dispensing Systems, 2022-2032, $ mn 51
Figure 18. North America Pharmacy Automation Systems Market by AMDS Type: Carousels, 2022-2032, $ mn 52
Figure 19. North America Pharmacy Automation Systems Market by AMDS Type: Automated Dispensing Cabinets (ADCs), 2022-2032, $ mn 53
Figure 20. North America Pharmacy Automation Systems Market by Product Type: Automated Storage and Retrieval Systems, 2022-2032, $ mn 54
Figure 21. North America Pharmacy Automation Systems Market by Product Type: Automated Packaging and Labeling Systems (APLS), 2022-2032, $ mn 55
Figure 22. North America Pharmacy Automation Systems Market by APLS: Unit-Dose Packaging & Labeling Systems, 2022-2032, $ mn 56
Figure 23. North America Pharmacy Automation Systems Market by APLS: Multi-Dose Packaging & Labeling Systems, 2022-2032, $ mn 57
Figure 24. North America Pharmacy Automation Systems Market by Product Type: Table-top Tablet Counters, 2022-2032, $ mn 58
Figure 25. North America Pharmacy Automation Systems Market by Product Type: Automated Drug Compounding Devices (ADCD), 2022-2032, $ mn 59
Figure 26. North America Pharmacy Automation Systems Market by ADCD: Compounding Systems for Solid Formulation, 2022-2032, $ mn 60
Figure 27. North America Pharmacy Automation Systems Market by ADCD: Compounding Systems for Liquid Formulation, 2022-2032, $ mn 61
Figure 28. North America Pharmacy Automation Systems Market by ADCD: Compounding Systems for Other Formulations, 2022-2032, $ mn 62
Figure 29. North America Pharmacy Automation Systems Market by Product Type: Other Product Types, 2022-2032, $ mn 63
Figure 30. Breakdown of North America Pharmacy Automation Systems Market by End User, 2022-2032, % of Sales Revenue 65
Figure 31. North America Addressable Market Cap in 2023-2032 by End User, Value ($ mn) and Share (%) 65
Figure 32. North America Pharmacy Automation Systems Market by End User: Hospital Pharmacies, 2022-2032, $ mn 66
Figure 33. North America Pharmacy Automation Systems Market by Hospital Pharmacies: Hospital Inpatient Pharmacy, 2022-2032, $ mn 67
Figure 34. North America Pharmacy Automation Systems Market by Hospital Pharmacies: Hospital Outpatient Pharmacy, 2022-2032, $ mn 68
Figure 35. North America Pharmacy Automation Systems Market by End User: Retail Pharmacies, 2022-2032, $ mn 69
Figure 36. North America Pharmacy Automation Systems Market by Retail Pharmacies: Retail Chain Pharmacies, 2022-2032, $ mn 70
Figure 37. North America Pharmacy Automation Systems Market by Retail Pharmacies: Independent Drug Stores, 2022-2032, $ mn 71
Figure 38. North America Pharmacy Automation Systems Market by End User: Pharmacy Benefit Management Organizations (PBMOs), 2022-2032, $ mn 72
Figure 39. North America Pharmacy Automation Systems Market by End User: Other End Users, 2022-2032, $ mn 73
Figure 40. Breakdown of North America Pharmacy Automation Systems Market by Distribution, 2022-2032, % of Sales Revenue 75
Figure 41. North America Addressable Market Cap in 2023-2032 by Distribution, Value ($ mn) and Share (%) 75
Figure 42. North America Pharmacy Automation Systems Market by Distribution: OEMs, 2022-2032, $ mn 76
Figure 43. North America Pharmacy Automation Systems Market by Distribution: Aftermarket Channels, 2022-2032, $ mn 77
Figure 44. Breakdown of North America Pharmacy Automation Systems Market by Country, 2022 and 2032, % of Revenue 79
Figure 45. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 80
Figure 46. U.S. Pharmacy Automation Systems Market, 2022-2032, $ mn 82
Figure 47. Canada Pharmacy Automation Systems Market, 2022-2032, $ mn 84
Figure 48. Pharmacy Automation Systems Market in Mexico, 2022-2032, $ mn 86
Figure 49. Growth Stage of North America Pharmacy Automation Systems Industry over the Forecast Period 88
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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