Pharmacy Automation Market to Reach USD 10 Billion by 2030 Driven by Aging Population and Rising Prescription Volumes

 

The global Pharmacy Automation Market is expected to grow from USD 6.65 billion in 2024 to USD 10.00 billion by 2030, expanding at a CAGR of 7.1% during the forecast period, according to the latest report by MarketsandMarkets.

Market Growth Drivers

One of the strongest forces behind the expansion of pharmacy automation is the aging global population. According to the United Nations Population Fund (UNFPA), individuals aged 65 and above will rise from 10.3% of the global population in 2024 to 20.7% by 2074. With Baby Boomers reaching 80 by 2026, the demand for long-term medication management, prescription accuracy, and efficient healthcare delivery will grow rapidly.

At the same time, a Harvard University study (2023) highlights that nearly 70% of elderly adults over 65 will require long-term assistance during their lifetime. This demographic shift is putting immense pressure on healthcare systems, making automation in dispensing, packaging, and inventory management a necessity.

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Automation not only reduces manual errors but also enhances medication safety, improves workflow efficiency, and enables healthcare providers to deliver better patient outcomes.

Key Market Insights

1. Automated Medication Dispensing & Storage Systems Lead the Market

Among product categories, automated medication dispensing and storage systems accounted for the largest market share in 2023.

  • These systems reduce risks of incorrect dosage, contamination, and dispensing delays.
  • The WHO estimates medication errors cost USD 42 billion annually, with dispensing and prescribing errors being a major contributor.
  • Robotic and AI-powered systems ensure accuracy, compliance, and efficiency in hospital and retail pharmacy workflows.

2. Retail Pharmacies to Register Fastest Growth

The retail pharmacy segment is projected to grow at the fastest CAGR through 2030.

  • Rising prescription volumes, growing patient expectations for speed and accuracy, and the push for digital transformation are driving adoption.
  • AI-powered inventory management, robotic dispensing, and automated refill systems are streamlining operations.
  • Competition among major retailers is accelerating innovation:
    • Walmart announced nationwide expansion of same-day pharmacy delivery across 49 states in January 2025.
    • Amazon Pharmacy, CVS, and Walgreens are also investing in automated prescription fulfillment and digital-first pharmacy experiences.

3. North America Dominates the Market

In 2023, North America held the largest market share, supported by:

  • Strong healthcare infrastructure and early adoption of advanced technologies.
  • Strict regulatory standards from FDA, DEA, and HIPAA enforcing medication safety and compliance.
  • Major players such as BD, Omnicell, Swisslog Healthcare, and Baxter International driving innovation.
  • Aggressive retail automation initiatives by Walmart, CVS, Walgreens, and Amazon Pharmacy.

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Competitive Landscape

The market remains consolidated among leading players in developed economies, with companies expanding into emerging markets through product launches, acquisitions, and strategic collaborations.

Key Players Include:

  • Becton, Dickinson and Company (US)
  • Omnicell, Inc. (US)
  • Swisslog Healthcare (Germany)
  • Baxter International Inc. (US)
  • Oracle (US)
  • Yuyama Co., Ltd. (Japan)
  • McKesson Corporation (US)
  • RxSafe, LLC (US)
  • ScriptPro LLC (US)

 

Outlook: Pharmacy Automation as a Healthcare Necessity

With the dual challenge of growing prescription demand and rising healthcare costs, pharmacy automation is moving from being a competitive advantage to a healthcare necessity.

Automated dispensing, AI-driven monitoring, and robotic workflows are ensuring:

  • Fewer medication errors
  • Faster turnaround times
  • Improved patient safety and satisfaction
  • Optimized workforce efficiency

As the aging population continues to expand, pharmacy automation will play a pivotal role in sustaining global healthcare systems and ensuring high-quality patient care.

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