USD 5.166 billion
Pharmaceutical Automation Market Size, Share, Growth Analysis, By Automation(semi-automatic and fully-automatic), By End user(pharmaceutical sector and the biotech industry), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2186 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
59
|Figures:
78
Pharmaceutical Automation Market Insights
Global Pharmaceutical Automation Market size was valued at USD 5.166 billion in 2022 and is poised to grow from USD 6.11 billion in 2023 to USD 11.33 billion by 2031, at a CAGR of 8.02% during the forecast period (2024-2031).
With the use of analytics and software, pharmacy automation devices are revolutionising the retail pharmacy industry worldwide. Automation has increased the industry's profitability while simultaneously increasing its efficiency by a factor of ten. The automation has significantly reduced the amount of medicine wasted, which has reduced the cost per dose. Additionally, it has made workflow management simple for pharmacists while putting a stronger emphasis on patient happiness.
The cost of prescription and over-the-counter medications has been soaring in recent years. The benefits of automation have been effectively used by pharmaceutical businesses to maintain or grow output without sacrificing quality or safety.
Pharmaceutical businesses can now safely ramp up production and construct production lines more quickly and flexibly thanks to automation. Pre-existing trends like flexible automation, digitalization, batch production, and personalisation have been amplified by the COVID-19 pandemic.
US Pharmaceutical Automation Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
fully-automatic
Fastest Growth
fully-automatic
Growth Rate
8.02% CAGR
Global pharmaceutical Automation Market, 2022-2030(Bn)
Country Share for Asia pacific Region- 2022 (%)
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Pharmaceutical Automation Market Segmental Analysis
Pharmaceutical Automation Market is segmented into automation and end user. Pharmaceutical Automation Market is segmented into semi-automatic and fully-automatic. On the basis of end user, Pharmaceutical Automation Market is segmented into pharmaceutical sector and the biotech industry. Global Pharmaceutical Automation Market is segmented on the basis of North America, Latin America, Europe, Asia Pacific, and MEA.
Pharmaceutical Automation Market Analysis by Automation
The market is divided into semi-automatic and fully-automatic systems based on the level of automation. During the forecast period, the fully automatic category is anticipated to post a higher CAGR. The installation of complete automation systems in end-use industries including chemicals & materials, metals & mining, oil & gas, and paper & pulp has been credited with the segment's quick rise. Companies in these industries can handle activities on-site and in offices more effectively with the help of fully automated systems. The labor-intensive nature of mining and exploration activities necessitates the effective operation of management systems, made possible by ERP solutions. These businesses also employ robots and automated technology to supplement the human workforce in demanding jobs and increase production.
Pharmaceutical Automation Market Analysis by End User
The market is divided into the pharmaceutical sector and the biotech industry based on the end user. The pharmaceutical automation market is anticipated to be dominated by the pharmaceutical industry segment in 2022. The increasing use of continuous improvement processes (CIP) to increase production flexibility and efficiency and decrease waste is credited with the substantial market share of this sector. Furthermore, to fill security holes and shield healthcare and pharmaceutical manufacturing networks from outside threats, major technology companies like Microsoft, IBM, and Google are working to build automation and cloud solutions for the pharmaceutical and healthcare sector.
Global pharmaceutical Automation Market size by automation, 2022(%)
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Pharmaceutical Automation Market Regional Insights
On the basis of region, it is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa (MEA). The pharmaceutical automation market is anticipated to be dominated by Asia-Pacific in 2022, followed by Europe and North America. The significant market share held by Asia-Pacific is attributable to China, Japan, and Singapore's high levels of technical robotics awareness. The Asia-Pacific market for pharmaceutical automation solutions is driven in part by the region's strong pharmaceutical manufacturing sector. North America dominated the market and took home the largest percentage of revenue, amounting to more than 54.5%. Among the main forces behind the region's growth are the region's advanced healthcare system, improvements in patient management, and hospital management systems. According to a report in Drug Store News, automation and other forms of technology have been more prevalent over the past 15 months for both prescribers and pharmacists, with 66% of prescribers reporting this. The COVID-19 pandemic has fueled the growth of technology adoption, according to many technology vendors, who also claim that pharmacy automation is the future.
Global pharmaceutical Automation Market size by geograohy, 2022-2030(Bn)
- Largest
- Fastest
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Pharmaceutical Automation Market Dynamics
Pharmaceutical Automation Market Drivers
Investment to Develop Pharmaceutical Infrastructure to Bolster Market Growth
- The rising use of robots in pharmaceutical manufacturing, government programmes to support industrial development, rising investments in modernising traditional production facilities, and rising consumer demand for secure and digitalized production processes are all factors contributing to the growth of this market.
- It is anticipated that the implementation of automation in pharmaceutical manufacturing would rise in response to the rising demand for vaccinations. The use of robotics will rise if the effects of vaccination are transient as a result of viral mutations because the pharmaceutical sector will devote more resources to automation and robotics.
Pharmaceutical Automation Market Restraints
Stringent Regulations to Hinder Market Growth
- It is anticipated that the enormous demand for COVID-19 vaccine manufacturing and the growing demand for IoT in pharmaceutical manufacturing would provide substantial potential for the expansion of this industry.
- This market's expansion may be constrained by the strict rules that stall product releases.
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Pharmaceutical Automation Market Competitive Landscape
The sector is very segmented because it is largely centred in the western hemisphere (Europe and North America). Strategic agreements between hospitals/pharmacies and software companies as well as mergers and acquisitions of smaller businesses by larger players are the key drivers of this industry.
Pharmaceutical Automation Market Top Player's Company Profiles
- Siemens AG
- Rockwell Automation, Inc.
- ABB Ltd.
- Emerson Electric Co.
- General Electric Co.
- Mitsubishi Electric Corporation
- Honeywell International Inc.
- Schneider Electric SE
- Yokogawa Electric Corporation
- Omron Corporation
- FANUC Corporation
- KUKA AG
- Bosch Packaging Technology
- Marchesini Group S.p.A.
- Optel Group
- Seidenader Maschinenbau GmbH
- Wuxi Biologics (Cayman) Inc.
- Zenith Technologies (a Cognizant company)
- Gerresheimer AG
- Thermo Fisher Scientific Inc.
Pharmaceutical Automation Market Recent Developments
- AmerisourceBergen Corporation declared in January 2023 that it has successfully completed the acquisition of PharmaLex Holding GmbH. AmerisourceBergen Corporation's growth plan is strengthened by the purchase of PharmaLex, which expands the company's expertise in specialty services and global platform of pharma manufacturer services capabilities.
- October 2022 Omnicell, Inc. (Nasdaq: OMCL), a top provider of medication management and adherence technologies for health systems and pharmacies, announced today the launch of Specialty Pharmacy Services, a turnkey product with specialized services to set up, run, and optimize a specialty pharmacy program.
- Today was the 2022 Investor Day for Omnicell, Inc. (Nasdaq: OMCL), a leading supplier of prescription administration and adherence technologies to pharmacies and hospitals, which was held in September 2022. The company gave a thorough description of its unique business model and differentiated approach during the event. It also shared details about its Advanced Services portfolio, ESG strategy, and long-term financial objectives.
Pharmaceutical Automation Key Market Trends
- The rising need for equipment that lowers pharmaceutical mistakes is fueling the expansion of the worldwide pharmacy automation market.
- Additionally, the worldwide pharmacy automation market is expanding as a result of the aging population, increased use of automated equipment, and emerging technology. Over the course of the projected period, rising healthcare costs will also fuel the expansion and development of the global pharmacy automation market.
Pharmaceutical Automation Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, globalization of the pharmaceutical industry is another element boosting the global market for pharmacy automation. Globally, there are more people in their senior years. As a result, both the number of prescriptions written and the number of life-threatening and chronic diseases are increasing. The market for pharmacy automation has expanded greatly over the past few years and is anticipated to expand even more during the anticipated time frame. Elderly individuals are becoming more prevalent in the world. As a result, more medications are being prescribed for conditions that are commonly known to be fatal.
The rising knowledge of technology's advantages is projected to lead to growth in the worldwide pharmacy automation industry. The use of automation systems in the healthcare sector, such as automated dispensing systems, table-top counters and compounding systems, labelling and packing systems, and storage and retrieval systems, will boost the pharmacy automation market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.166 billion |
| Market size value in 2031 | USD 11.33 billion |
| Growth Rate | 8.02% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Pharmaceutical Automation Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pharmaceutical Automation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pharmaceutical Automation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Pharmaceutical Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pharmaceutical Automation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pharmaceutical Automation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pharmaceutical Automation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Pharmaceutical Automation Market Report Snapshots
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