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Global Central Fill Pharmacy Automation Market
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Global Central Fill Pharmacy Automation Market

Home Healthcare And Pharmaceutical Global Central Fill Pharmacy Automation Market

Global Central Fill Pharmacy Automation Market; By Products & Services (Equipment, Software, Services, and Others), By Vendor (Equipment Vendor, Consulting Vendor, and Others), By Region (North America, Europe, the Asia-Pacific, the Middle-East & Africa, and Latin America)Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: September 2021
  • Report ID: BWC2178
  • Available Format: PDF
  • Page: 180

Report Overview

Global central fill pharmacy automation market is being driven by the prevalence of rising chronic diseases and the need for automation in the pharmacy sector. The ease of pharmacy automation makes dispensing robots affordable for pharmacies with daily prescription volumes as low as 150.

Global Central Fill Pharmacy Automation Market - Industry Trends & Forecast Report 2027

The global central fill pharmacy automation market was worth USD 405.3 Million in 2020, and it is further projected to reach USD 777.1 Million by 2027, at a CAGR of 10.3% during the forecast period (2021-2027). The market's growth can be attributed to a rise in global demand for specialized drug dispensing. Central fill pharmacy automation is a fully automated pharmacy dispensing system that manages the complete inventory system with the help of machines and robots. The global central fill pharmacy automation market has grown in popularity among its end-users due to the focus on reducing pharmaceutical mistakes and expanding the patient pool. Furthermore, the growing use of automation in practically all industrial sectors has increased the demand for central fill pharmacy automation.

Central Fill Pharmacy Automation Market

Source: BlueWeave Consulting

Central Fill Pharmacy Automation Market Overview

A central fill pharmacy automation system automatically controls the inventory and dispensing processes through robots and machines, thus reducing the need for manual labor. A study conducted by the UK Department of Health Policy Research Programme has estimated that 237 million medication errors occur in the NHS (National Health Service), Englandevery year & avoidable adverse drug reactions cause hundreds of death. The incorporation of central fill pharmacy automation across the healthcare sector aims at reducing such medical errors.Central fill pharmacy automation technology is gaining popularity due to its benefits, including improving pharmacy workflow, saving time, reducing labor costs, and creating an efficient packaging system. For instance,CFaaS, a McKesson-operated, centralized solution, can significantly reduce a pharmacy's cost-per-prescription to dispense drugs through a fee-per-prescription model.

Central Fill Pharmacy Automation Market Trends

Growth Drivers

Increased Burden on Pharmacies Driving Market

In recent years, the demand for the central fill pharmacy automation market has increased to reduce the burden on pharmacies. This increase in workload can be attributed to the surge in prevalence of chronic diseases like cancer, cardiac disorders & immunological disorders, along withthe rise in geriatric population. According to the WHO, around 28-35% of people aged 65 and over fall ill annually. Moreover, cancer, the second mostsignificant reason for death worldwide, causes 10 million deaths annually. These alarming factors are constantly increasing the patient pool, resulting in automation of the pharmacy sector. Central fill pharmacy automation system allows computer-controlled dispensing of medicines. It also reduces the danger of medication errors, decreases dispensing time, ensures effective packaging, and allows for a diverse range of packets to be delivered to the appropriate location. According to the Australian Commission on Safety and Quality in Healthcare, implementing automated dispensing systems across the hospital setting has decreased dispensing error incidence from 0.64% to 0.28%.

Restraints

High Capital Investment Slowing Market Growth

The high cost of automated machines and robots is a limiting factor for central fill pharmacy automation market. Maintenance, power consumption, servicing, technicians, and other expenditures also contribute to the overall budget. This challenge has been impeding the growth of the market. Low-income economies can't afford the high investment cost of central fill pharmacy automation systems, which has slowed the market's growth. Additionally, the lack of skilled technicians is also a major restraint to the market. The knowledge gap between the pharma workforce and new technologies such as automation, computer science, and process modeling have also limited the adoption of this market in many regions.

Impact of COVID-19

The central fill pharmacy automation market has grown as a result of the coronavirus outbreak. Numerous industries have been adversely affected by the ongoing pandemic. Moreover, because of the risk of virus spread, many sectors chose to reduce their labor sizes and costs. These factors have prompted the demand for automation in many sectors, including pharmacy. Central fill pharmacy automation has allowed pharmacies to function amidst social distancing with the help of robots and machines. SciptPro, for instance, launched the PharmcyPro mobile app during the COVID-19 pandemic to support curbside or delivery mobile dispensing and point of sale functions.

Central Fill Pharmacy Automation Market- By Products & Services.

The central fill pharmacy automation market is segmented into equipment, software, and services based on products and services. The equipment segment has further been segmented into automated medication dispensing systems, automated packaging and labeling systems, integrated workflow automation systems, automated tabletop counters, automated medication compounding systems, automated storage and retrieval systems, and others. The automated medication dispensing system held the largest market share in 2020. Several factors contribute to this segment's growth, including reductions in medication errors, increased demands for automation in the pharmacy sector, and faster dispensing times.

Global Central Fill Pharmacy Automation Market

Central Fill Pharmacy Automation Market- By Vendors

Based on vendors, the central fill pharmacy automation market is segmented into equipment vendors and consulting vendors. The equipment vendor segment contributed the highest revenue to the global market share in 2020. The factors driving the demand of this segment are a wide range of product portfolios offered by them, vast geographical presence, strong technical expertise, and accessibility to spare parts. Apart from products, the equipment vendors also offer software and services under one roof, increasing the demand for this segment in the central fill pharmacy automation market.

Central Fill Pharmacy Automation Market- Regional Insights

The Central Fill Pharmacy Automation market is categorized into North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa. Among these, North America leads the market with the highest shares. The increased burden of pharmacies in North America has been driving the growth of the market. The United States has alarge number of obese and elderly populations. As per, American Medical Association, nearly 40% of all adults aged above 20 in the USA were obese.

In addition, the government has boosted healthcare-related campaigns in order to provide value-based patient care in the United States.These factors have spurred the demand for central fill pharmacy automation market in this region. However, the European region is also anticipated to witness the largest growth in the central fill pharmacy automation market during the forecast period. An growing focus on pharmacists and efficient patient care is fuelling demand in this region. Moreover, many significant companies in the central fill pharmacy automation market have entered Europe as a result of the rising patient pool.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The central fill pharmacy automation market is moderately competitive and highly fragmented, with numerous global and regional players operating in it. The key players dominating the market are ARxIUM, Inc., RXSAFE, LLC, TCGRX Pharmacy Workflow Solutions,Omnicell, Inc., McKesson Corporation, ScriptPro, Kuka AG, Innovation Associates Inc., R/X Automation Solutions, Tension Packaging & Automation, Cornerstone Automation Systems, LLC, Quality Manufacturing Systems Inc., Capsa Healthcare, Synergy Medical,Providen Logistics Ltd., and other prominent players. In order to maintain their market dominance, players invest in offering better products and services. Additionally, they adopt various strategies for collaborating and forming strategic alliances.

Recent Developments

  • In January 2021, GeniusRx, a new digital pharmacy platformed, announced a partnership with McKesson to automate the dispensing process. GeniusRx will leverage CFaaS to expand, optimize, and automate their home delivery service as part of the alliance.
  • In February 2021, Parata Systems, a leading pharmacy automation provider, announced an enhanced website to amplify the vision of care in pharmacy settings and improve user compatibility.

 

Scope:

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, United Arab Emirates, South Africa, Turkey

Product/Service Segmentation

By-Products & Services, By Vendors, and By Region

Key Players

Key players in the market include are ARxIUM, Inc., RXSAFE, LLC, TCGRX Pharmacy Workflow Solutions,Omnicell, Inc., McKesson Corporation, ScriptPro, Kuka AG, Innovation Associates Inc.,R/X Automation Solutions, Tension Packaging & Automation, Cornerstone Automation Systems, LLC,Quality Manufacturing Systems Inc.,Capsa Healthcare, Synergy Medical,Providen Logistics Ltd., and other prominent players.

 

By Product and Service:

  • Equipment
    • Automated Medication Dispensing System
    • Integrated Workflow Automation Systems
    • Automated Packaging and Labelling Systems
    • Automated Table Top Counters
    • Automated Medication Compounding Systems
    • Automated Storage and Retrieval Systems
    • Other
  • Software
  • Services
    • Consulting
    • Workflow and process optimization
    • Facility Designing
    • Custom Software Development
    • Other Services

By Vendor:

  • Equipment Vendors
  • Consulting Vendors

By Region:

  • North America
  • Europe
  • The Asia-Pacific
  • Latin America
  • The Middle-East & Africa
-
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Primary & Secondary Research End-use Vendors
      2. Secondary Research
      3. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Central Fill Pharmacy Automation Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Porter’s Five Forces Analysis
      1. Bargaining End-use Industry of Suppliers
      2. Bargaining End-use Industry of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
    4. Recent Development/ Technological Advancement
    5. Regulatory Insights
  5. Global Central Fill Pharmacy AutomationMarketOverview
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)        
    2. Market Share & Forecast
      1. By Products & Services 
        1. Equipment
          1. Automated Medication Dispensing System
          2.  Integrated Workflow Automation Systems
          3.  Automated Packaging and Labeling Systems
          4.  Automated Table Top Counters
          5.  Automated Medication Compounding Systems
          6. Automated Storage and Retrieval Systems
          7.  Others
        2. Software
        3. Services
          1.  Consulting
          2.  Workflow and process optimization
          3.  Facility Designing
          4.  Customer Software Development
          5.  Others
      2. By Vendors
        1. Equipment Vendors
        2. Consulting Vendors
        3. Others

           5.2.3. By Region

               5.2.3.1. North America

5.2.3.2. Europe

               5.2.3.3. Asia-Pacific

5.2.3.4. Latin America

               5.2.3.5. Middle East and Africa

  1. North Central Fill Pharmacy Automation Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Products & Services 
      2. By Vendors
      3. By Country
        1. U.S.
        2. Canada
  2. Europe Central Fill Pharmacy Automation Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Products & Services 
      2. By Vendors
      3. By Country
        1. France
        2. Germany
        3. Italy
        4. Spain
        5. Rest of Europe
  3. The Asia-Pacific (APAC) Central Fill Pharmacy Automation Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Products & Services 
      2. By Vendors
      3. By Country
        1. Japan
        2. China
        3. India
        4. South Korea
        5. Rest of APAC
  4. Latin AmericaCentral Fill Pharmacy Automation Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Products & Services 
      2. By Vendors
      3. By Country
        1. Brazil
        2. Argentina
        3. Mexico
        4. Rest of Latin America
  5. The Middle East & Africa (MEA) Central Fill Pharmacy Automation Market
    1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Products & Services 
      2. By Vendors
      3. By Country
        1. South Africa
        2. Saudi Arabia
        3. U.A.E.
        4. Turkey
        5. Rest of MEA
  6. Competitive Landscape
    1. List of Key Players and their Offerings
    2. Company Market Share Analysis, 2020
    3. Competitive Benchmarking, By Operating Parameters
    4. Competitive Benchmarking, By Products Offerings
    5. Strategic Developments
  7. Impact of Covid-19 across Global Central Fill Pharmacy Automation Market
  8. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

 

    1. ARxIUM, Inc.
    2. RXSAFE, LLC
    3. TCGRX Pharmacy Workflow Solutions
    4. Omnicell, Inc.
    5.  McKesson Corporation
    6. ScriptPro
    7. Kuka AG
    8. Innovation Associates Inc.
    9. R/X Automation Solutions
    10. Tension Packaging & Automation
    11. Cornerstone Automation Systems, LLC
    12. Quality Manufacturing Systems Inc.
    13. Capsa Healthcare
    14. Synergy Medical
    15. Providen Logistics Ltd.
    16. Other Prominent Players.
  2. Key Strategic Recommendations

 

*Financial details of unlisted companies will be available as per data availability in the final deliverable

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

 

List of figures

 

  1. Global Central Fill Pharmacy Automation   Segmentation

 

  1. Global Central Fill Pharmacy Automation Market Value Chain Analysis

 

  1. Company Market Share Analysis, 2020

 

  1. Global Central Fill Pharmacy Automation Market Size, By Value (USD Million), 2017-2027

 

  1. Global Central Fill Pharmacy Automation Market Share (%), By Products & Services, By Value, 2017-2027

 

  1. Global Central Fill Pharmacy Automation Market Share (%), By Vendors, By Value, 2017-2027

 

  1. Global Central Fill Pharmacy Automation Market Share (%), By Country, By Value, 2017-2027

 

  1. North America Central Fill Pharmacy Automation Market Size, By Value (USD Million), 2017-2027

 

  1. North America Central Fill Pharmacy Automation Market Share (%), By Products & Services, By Value, 2017-2027

 

  1. North America Central Fill Pharmacy Automation Market Share (%), By Vendors, By Value, 2017-2027

 

  1. North America Central Fill Pharmacy Automation Market Share (%), By Country, By Value, 2017-2027

 

  1. Europe Central Fill Pharmacy Automation Market Size, By Value (USD Million), 2017-2027

 

  1. Europe Central Fill Pharmacy Automation Market Share (%), By Products & Services, By Value, 2017-2027

 

  1. Europe Central Fill Pharmacy Automation Market Share (%), By Vendors, By Value, 2017-2027

 

  1. Europe Central Fill Pharmacy Automation Market Share (%), By Country, By Value, 2017-2027

 

  1. Asia-Pacific Central Fill Pharmacy Automation Market Size, By Value (USD Million), 2017-2027

 

  1. Asia-Pacific Central Fill Pharmacy Automation Market Share (%), By Products & Services, By Value, 2017-2027

 

  1. Asia-Pacific Central Fill Pharmacy Automation Market Share (%), By Vendors, By Value, 2017-2027

 

  1. Asia-Pacific Central Fill Pharmacy Automation Market Share (%), By Country, By Value, 2017-2027

 

  1. Latin America Central Fill Pharmacy Automation Market Size, By Value (USD Million), 2017-2027

 

  1. Latin America Central Fill Pharmacy Automation Market Share (%), By Products & Services, By Value, 2017-2027

 

  1. Latin America Central Fill Pharmacy Automation Market Share (%), By Vendors, By Value, 2017-2027

 

  1. Latin America Central Fill Pharmacy Automation Market Share (%), By Country, By Value, 2017-2027

 

  1. Middle East & Africa Central Fill Pharmacy Automation Market Size, By Value (USD Million), 2017-2027

 

  1. Middle East & Africa Central Fill Pharmacy Automation Market Share (%), By Products & Services, By Value, 2017-2027

 

  1. Middle East & Africa Central Fill Pharmacy Automation Market Share (%), By Vendors, By Value, 2017-2027

 

  1. Middle East & Africa Central Fill Pharmacy Automation Market Share (%), By Country, By Value, 2017-2027

 

List of Tables

 

  1. Global Central Fill Pharmacy Automation Market Size, By Products & Services, By Value, 2017-2027

 

  1. Global Central Fill Pharmacy Automation Market Size, By Vendors, By Value, 2017-2027

 

  1. Global Central Fill Pharmacy Automation Market Size, By Region, By Value, 2017-2027

 

  1. North America Central Fill Pharmacy Automation Market Size, By Products & Services, By Value, 2017-2027

 

  1. North America Central Fill Pharmacy Automation Market Size, By Vendors, By Value, 2017-2027

 

  1. North America Central Fill Pharmacy Automation Market Size, By End-User, By Value, 2017-2027

 

  1. North America Central Fill Pharmacy Automation Market Size, By Country, By Value, 2017-2027

 

  1. Europe Central Fill Pharmacy Automation Market Size, By Products & Services, By Value, 2017-2027

 

  1. Europe Central Fill Pharmacy Automation Market Size, By Vendors, By Value, 2017-2027

 

  1. Europe Central Fill Pharmacy Automation Market Size, By Country, By Value, 2017-2027

 

  1. Asia-Pacific Central Fill Pharmacy Automation Market Size, By Products & Services, By Value, 2017-2027

 

  1. Asia-Pacific Central Fill Pharmacy Automation Market Size, By Vendors, By Value, 2017-2027

 

  1. Asia-Pacific Central Fill Pharmacy Automation Market Size, By Country, By Value, 2017-2027
  2. Latin America Central Fill Pharmacy Automation Market Size, By Products & Services, By Value, 2017-2027
  3. Latin America Central Fill Pharmacy Automation Market Size, By Vendors, By Value, 2017-2027
  4. Latin America Central Fill Pharmacy Automation Market Size, By Country, By Value, 2017-2027
  5. Middle East & Africa Central Fill Pharmacy Automation Market Size, By Products & Services, By Value, 2017-2027
  6. Middle East & Africa Central Fill Pharmacy Automation Market Size, By Vendors, By Value, 2017-2027
  7. Middle East & Africa Central Fill Pharmacy Automation Market Size, By Country, By Value, 2017-2027
  8. ARxIUM, Inc.  Financial Analysis
  9. ARxIUM, Inc.  Business Overview
  10. RXSAFE, LLCFinancial Analysis
  11. RXSAFE, LLCBusiness Overview
  12. TCGRX Pharmacy Workflow Solutions Financial Analysis
  13. TCGRX Pharmacy Workflow Solutions Business Overview
  14. Omnicell, Inc.Financial Analysis
  15. Omnicell, Inc. Business Overview
  16. McKesson Corporation Financial Analysis
  17. McKesson Corporation.  Business Overview
  18. ScriptPro Financial Analysis
  19. ScriptPro Business Overview
  20. Kuka AG Financial Analysis
  21. Kuka AG Business Overview
  22. Innovation Associates Inc. Financial Analysis
  23. Innovation Associates Inc.  Business Overview
  24. R/X Automation Solutions Financial Analysis
  25. R/X Automation Solutions Business Overview
  26. Tension Packaging & Automation Financial Analysis
  27. Tension Packaging & Automation Business Overview
  28. Cornerstone Automation Systems, LLC Financial Analysis
  29. Cornerstone Automation Systems, LLC  Business Overview
  30. Quality Manufacturing Systems Inc.  Financial Analysis
  31. Quality Manufacturing Systems Inc.  Business Overview

 

Market Segmentation

By Product and Service:

  • Equipment
    • Automated Medication Dispensing System
    • Integrated Workflow Automation Systems
    • Automated Packaging and Labelling Systems
    • Automated Table Top Counters
    • Automated Medication Compounding Systems
    • Automated Storage and Retrieval Systems
    • Other
  • Software
  • Services
    • Consulting
    • Workflow and process optimization
    • Facility Designing
    • Custom Software Development
    • Other Services

By Vendor:

  • Equipment Vendors
  • Consulting Vendors

By Region:

  • North America
  • Europe
  • The Asia-Pacific
  • Latin America
  • The Middle-East & Africa
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Frequently Asked Questions (FAQs):

Ans: The central fill pharmacy automation market reached USD 405.3 Million in 2020 across the globe.
Ans: The growing prevalence of chronic diseases, and the increasing burden on pharmacies, along with the growing demand for automation in the pharmacy sector are the primary factors driving the growth of the central fill pharmacy automation market.
Ans: The key players in the global market includeARxIUM, Inc., RXSAFE, LLC, TCGRX Pharmacy Workflow Solutions,Omnicell, Inc., McKesson Corporation, ScriptPro, Kuka AG, Innovation Associates Inc.,R/X Automation Solutions, Tension Packaging & Automation, Cornerstone Automation Systems, LLC,Quality Manufacturing Systems Inc.,Capsa Healthcare, Synergy Medical,Providen Logistics Ltd.,and other prominent players.
Ans: The automated medication dispensing system segment accounted for the largest share in the global central fill pharmacy automation market.
Ans: Europe is growing at a higher rate in the global central fill pharmacy automation market.