Central fill pharmacy automation market to exhibit dynamic growth during the forecast period

The global central fill pharmacy automation market is developing competently, expected to grow at a CAGR of 10.1%. Globally, increasing penetration of pharmacy automation products, advancement in robotics & tabletop devices, and growth in overall software & services for enhanced distribution of pharmaceutical drugs will drive the overall market growth. Rising awareness about central fill automation technology along with the launch of integrated software solutions are key factors driving the growth of the central fill pharmacy automation market on a global scale. Advancement in high volume solutions, improved operational efficiency, and minimized costs related to drug inventory and other upfront investments will enhance the overall market growth.

Automated equipment systems expected to register higher growth by the end of 2030

In 2021, the medication dispensing systems in the equipment segment accounted for the largest share in the global market. Increased focus on packaging and automation activities for enhanced optimization and workflow management will improve the overall dynamics of the central fill pharmacy automation including increased accuracy, order archives, and traceability. Additionally, demand for specialty drugs along with biologics will upsurge the growth of the market. Expansion of pharmacy management software, group purchasing, packaging, alternate site pharmacy solutions, consulting services, and supply chain solutions will drive the demand on a global scale. For e.g. SP Central Workflow Integration, McKesson High Volume Solutions, SynMed® Ultra (automated blister pack central fill) and others.

Equipment vendors to witness a significant CAGR

Pharmacy automation equipment vendors are expanding their manufacturing capacity in the retail chain, long term care inpatient and outpatient hospital settings. Additionally, vendors and top suppliers mainly for focused on packaging technology, medication dispensing, design, staff efficiency, training along with streamlining automated pharmacy workflow. Acquisitions, partnerships and new product & services expansion will further spur revenue growth during the forecast period. For instance, in Dec 2020, TCGRx acquired Parata Systems to further expand its pharmacy technology solutions in the U.S. market. Moreover, in Aug 2019, Synergy Medical launched Synmed Ultra pharmacy automation for high throughput dispensing of medications in blister packs (fill over 100 multi-dose blister packs/hour with hundreds of different tablet types).

Increased research and development with strong product pipelines in the developed regions

Major players in the central fill pharmacy automation market are TCGRx (Parata Systems), Scriptpro, ARxIUM, Inc, Cornerstone Automation Systems, LLC (CASI), Omnicell, Inc, Tension Packaging & Automation, RxSafe, LLC, Innovation Associates, Inc., Kuka AG, R/X Automation Solutions, Capsa Healthcare, McKesson Corp., Simplimatic Engineering Holdings LLC, Conveyco Technologies Inc., Synergy Medical and others. Top service providers are developing with advanced expertise with integrated automated pharmacy solutions along with superior distribution channels. Acquisitions, technology expansion, partnerships, and improved R&D will invent the development of central fill pharmacy automation market in the developing nations in the near future.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Central Fill Pharmacy Automation market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Central Fill Pharmacy Automation market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Central Fill Pharmacy Automation market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Central Fill Pharmacy Automation market?
• Which is the largest regional market for Central Fill Pharmacy Automation market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Central Fill Pharmacy Automation market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Central Fill Pharmacy Automation market worldwide?