Europe Pharmacy Automation System Market

Europe Pharmacy Automation System Market Size (2024 to 2029)

The pharmacy automation system market size in Europe is estimated to grow at a CAGR of 8.5% from 2024 to 2029 and be worth USD 1.88 bn by 2029 from USD 1.25 bn in 2024.

The European pharmacy automation system market is expected to be driven by a rising focus on disease prevention, an increasing need to reduce medication errors, and enhancing patient safety in the region. Also, the growing number of injuries and deaths resulting from errors in medical prescriptions are putting a strain on the healthcare system as a whole. Both healthcare practitioners and pharmacists are looking for more effective and precise technology to avoid such recurrent medical errors. Traditional pharmacies are automated with the use of robots and software. From the moment of order entry until medicine delivery, pharmacy automation technologies are utilized to improve accuracy. Consequently, pharmacies may more efficiently meet the needs of their patients and customers by automating the whole drug distribution process.  

Advanced technologies, like pharmacy automation systems, are increasingly emerging as the most effective solutions for addressing this critical issue. Growing healthcare expenditure is the major driving factor in the European healthcare market. Countries such as Spain and France have the strictest level of regulation regarding pharmacy and healthcare facilities; also, the escalating demand for pharmacy automation solutions and services are expanding the regional market growth. Since pharmacy organizations, governmental departments, and professional bodies across Europe support the adoption of pharmacy automation systems in hospitals and retail stores, the European Hospital Pharmacy Automation market is expected to grow at a CAGR of 5.02 percent during the forecast period.

Pharmacists are increasingly interested in automation systems since they automate time-consuming and regular operations such as drug preparation, storage, packing, dispensing, and retrieval. Additionally, these automated technologies improve pharmacy operations and reduce the chance of mistakes, allowing clinicians to concentrate on direct patient care.

However, the cost of implementing and installing pharmacy automation systems, on the other hand, is the major factor impeding the market's growth throughout the projection period. The market's expansion is being stifled by a lack of comprehensive understanding of current technologies in rural regions. In addition, the cost of installing and maintaining the systems is a little high, which cannot be affordable by the small-scale industry but remained challenging for the market.

This research report on the European pharmacy automation systems market has been segmented and sub-segmented into the following categories:

Europe Pharmacy Automation System Market - 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          

Europe Pharmacy Automation System Market - 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 

Europe Pharmacy Automation System Market - By Region:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

Geographically, the European Pharmacy Automation System Market is expected to command the highest share of the market during the period. The regional market growth is attributed to the evolving healthcare sector, growing healthcare spending, and growing concern about patient safety. Additionally, technological advancements in medication management hospitals and pharmacies, and the presence of key market players such as the UK, Germany, France, and Spain are expected to influence the market growth in this region. Over the forecast period, Germany and the UK have dominated the European pharmacy automation system market owing to the concern that insufficient inventory management may drive the expansion of high-volume dispensing cabinets since it leads to a high cost of inventory keeping, which can place a strain on merchants. In addition, the growing geriatric population and advancing healthcare sector in these countries are most likely to provide new opportunities for market expansion. A growing number of patients need high-quality treatment. Major upgrades to healthcare IT infrastructure are projected to boost demand for Pharmacy Automation Systems in the United Kingdom and Germany.

KEY MARKET PLAYERS:

A few of the noteworthy companies operating in the European Pharmacy Automation System Market profiled in this report 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.).