The United States pharmacy automation market was valued at USD 2.56 billion in 2023 and is forecast to grow to USD 4.73 billion by 2031, reflecting a CAGR of 7.98% between 2024 and 2031. In the aftermath of the coronavirus pandemic, the pharmaceutical sector increasingly recognized the benefits of automation in improving service delivery and minimizing handling errors. This shift towards automated pharmacy systems has gained momentum as prescription volumes rise, reducing the risk of human error and addressing pharmacist burnout.
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Key drivers include the expanding patient population and an aging demographic, both of which contribute to higher prescription volumes and increased medication use. These trends underscore the need for efficient, automated dispensing systems. For example, in March 2022, Capsa Healthcare expanded its NexsysADC automated dispensing cabinet line, introducing new Controlled Access Module Drawers (CAMD) designed to accommodate a wider range of medications and supplies.
Additionally, the growing volume of prescriptions is a significant factor driving market growth. As chronic diseases like diabetes, cancer, and hypertension become more prevalent, more adults are relying on daily prescription medications. A CivicScience survey in January 2023 revealed that 70% of U.S. adults take at least one prescription daily, up from 56% in 2019, further highlighting the need for automation in pharmacies.
The increasing geriatric population also plays a critical role. Older adults, who often manage multiple prescriptions, drive demand for more efficient medication dispensing. Statistics from the National Center for Health Statistics show that nearly 70% of adults aged 40–79 use at least one prescription drug, and the population aged 65 and over has grown significantly, now representing 16.8% of the total U.S. population.
Automated medication dispensing systems are anticipated to dominate the market in the future due to their ability to streamline the dispensing process, reduce wait times, and improve inventory management through barcode technology. These systems not only boost efficiency but also allow healthcare professionals to devote more time to patient care.
Furthermore, the rise of online pharmacies is expected to be a major growth area. With increasing consumer reliance on digital platforms, online pharmacies offer a convenient and cost-effective way to access healthcare products, driven by affordability, technological advancements, and widespread internet usage.
The COVID-19 pandemic has also positively influenced the adoption of pharmacy automation. The surge in prescription volumes during the pandemic highlighted the need for automated systems to manage increased workloads with limited staff, thereby allowing pharmacy teams to focus more on patient care. The rapid integration of robotics and automation in healthcare facilities has further accelerated this trend.
The report “United States Pharmacy Automation Market Assessment, Opportunities, and Forecast, 2017-2031F” by Markets and Data provides a detailed analysis of the current market landscape, including market size, segmental shares, growth trends, and the impact of COVID-19. It also profiles key industry players, outlining their market share, business models, and competitive strategies.
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