Asia Pacific Pharmacy Automation Market

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Asia Pacific Pharmacy Automation Market; By Product (Automated Medication Dispensing & Storage Systems, Automated Table–Top Counters, Medication Compounding); End–User (Retail Pharmacies, Outpatient Pharmacies, Impatient Pharmacies); Country (China, India, Japan, South Korea, Australia, Thailand, Malaysia, Indonesia, Vietnam, Philippines, Rest of Asia Pacific); Trend Analysis, Competitive Market Share & Forecast, 2018–2028 

Published Date: October 2022
Report ID: BWC22424
Available Format: PDF
Page: 223

Report Overview

There is a growing need for devices that help reduce medication errors. In addition, the increasing geriatric population and rising adoption of automated devices and innovative technologies contribute to the growth of the Asia Pacific pharmacy automation market. Rising medical expenses are also boosting the growth and development of the global pharmacy automation market during the forecast period.

Asia Pacific Pharmacy Automation Market - Industry Trends & Forecast Report, 2028

The Asia Pacific Pharmacy Automation market was USD 422.1 million in 2021 and is anticipated to reach USD 778.1 million by 2028 at a CAGR of 9.2% during the forecast period of 2022–2028.

The market growth is due to factors such as emerging markets for providing improved healthcare services and growing awareness of pharmacy automation among pharmacists. However, a lack of awareness of software in emerging markets related to automated dispensing systems is expected to restrain the market growth.

Asia Pacific Pharmacy Automation Market

Pharmacy Automation – Overview 

Pharmacy automation includes automated processes for handling and distributing medications. This includes the process mechanisms involved in drug dispensing, packaging, labeling, storage, and drug recall. It also includes automating traditional pharmacies using robotics and software. Dispensing automation systems are commonly used for precision dispensing. The main purpose of dispensing automation systems is to automate the dispensing of medications to meet the needs of patients and customers with high efficiency. This also helps reduce human error. Technological advances in the pharmacy field and the growing aging population, increasing urbanization, and increasing lifestyle-related diseases significantly impact pharmacy automation to reduce dispensing errors. In addition to pharmacy automation systems, the software is required to store and manage patient data. This also includes the use of robotics in different areas of pharmacy, such as dispensing, compounding, packaging, and labeling of medicines. However, the market may be hampered by reduced or diminished communication between doctors and pharmacists.

Asia Pacific Pharmacy Automation Market – Market Trends & Forecast Report 2028

Growth Drivers 

Increasing Need to Minimize Medication Errors

Medication and dispensing errors are recognized as leading causes of readmissions. According to a report published by the World Health Organization (WHO), in 2017, costs related to medication errors were estimated at USD 42 billion, or nearly 1% of total global healthcare costs. As per the Australian Commission on Safety and Quality in Healthcare, between 2.0% to 3.0% of admissions to medical centers and hospitals in Australia are due to medication errors. Lack of orderly communication between physicians and pharmacists, unsafe pharmacy storage practices, and confusion caused by similar labels or prescriptions during drug compounding or dispensing or drug administration are common causes of medication errors. Therefore, healthcare providers focus on minimizing medical errors to reduce costs and improve the quality of healthcare services. Automated systems are considered one of the most efficient solutions for minimizing these errors and help to boost the Asia Pacific Pharmacy Automation Market in the forecast period.

Growth Restraint

Reluctance to introduce automated systems for pharmacies

Despite its benefits, some healthcare professionals and providers are reluctant to adopt an IT–based approach to pharmacy management. This is especially true when it comes to cultural barriers, especially in emerging markets. As a result, many pharmacists do not require assistance and are reluctant to use dispensing automation systems as part of their dispensing schedule. The benefits of automated pharmacy systems are huge, and the widespread adoption of the technology proved this. Only big pharmacies and hospitals can justify the return on investment (ROI) achieved by installing these automated pharmacy systems.

Asia Pacific Pharmacy Automation Market– By Product

Based on the product, the Asia Pacific pharmacy automation market can be segmented into automated medication dispensing & storage systems, table–top counters, and medication compounding. The largest share of this market was occupied by the automated medication dispensing and storage systems segment, mainly due to the increasing occurrence of medication errors and the implementation of stringent regulatory guidelines on patient safety and medication dispensing in all regions of Asia– Pacific. An automated medication and storage system enables caregivers to administer medication faster and more accurately with built-in advanced features that enable medication storage, retrieval, dispensing, and labeling.

Competitive Landscape

Key players operating in the Asia Pacific pharmacy automation market are Becton, Dickinson and Company, Yuyama, Omnicell Inc, KUKA AG, Tosho Co Inc, Cerner Corporation, TouchPoint Medical Solutions, Takazono Corporation, Capsa Healthcare, Arxium Inc, and other prominent players. The increasing number of mergers and acquisitions and partnerships between companies to expand product capabilities are expected to drive the growth of the market. Key market players, especially in emerging markets, focus on continuous product development while offering products at competitive prices.

Recent Development

In Mar 2022, Capsa Healthcare announces expansion of its automated NexsysADC dispensing cabinet product line. NexsysADC can accommodate controlled or high-value pharmaceuticals or consumables of any size with two new sizes of controlled access module drawers.
In Sept 2021, Omnicell, Inc. recently opened a new software development center through its subsidiary in Bangalore, India. The company's new center will focus on product innovation to advance its strategy of providing cloud-based infrastructure to support autonomous pharmacies.

Scope of the Report

Attributes	Details
Years Considered	Historical data – 2018–2021
	Base Year – 2021
	Estimated Year – 2022
	Forecast – 2022 – 2028
Facts Covered	Revenue in USD Billion
Market Coverage	Asia Pacific (China, India, Japan, South Korea, Australia, Thailand, Malaysia, Indonesia, Vietnam, Philippines, Rest of Asia Pacific)
Product Service/Segmentation	By Product, By End–User, By Country
Key Players	Becton, Dickinson And Company, Yuyama, Omnicell Inc, KUKA AG, Tosho Co Inc, Cerner Corporation, TouchPoint Medical Solutions, Takazono Corporation, Capsa Healthcare, Arxium Inc, Other Prominent Players.

By Product

Automated Medication Dispensing & Storage Systems
Automated Table–Top Counters
Medication Compounding

By End–User

Retail Pharmacies
Outpatient Pharmacies
Impatient Pharmacies

By Country

China
India
Japan
South Korea
Australia
Thailand
Malaysia
Indonesia
Vietnam
Philippines
Rest of Asia Pacific

Research Framework
1. Research Objective
2. Market Overview
3. Market Segmentation
Executive Summary
Asia–Pacific Pharmacy Automation Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Increasing Need to Minimize Medication Errors
    2. Increasing acceptance and demand for automated solutions in pharmacies
  2. Restraints
    1. Reluctance to introduce automated systems for pharmacies
    2. Only big pharmacies and hospitals can install these pharmacy automated systems
  3. Opportunities
    1. Increasing no of disease due to aging population
  4. Challenges
    1. High operating and maintenance costs
    2. Huge Installment Cost
3. Technology Advancements/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Asia–Pacific Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
    1. Automated Medication Dispensing & Storage Systems
    2. Automated Table–Top Counters
    3. Medication Compounding
  2. By End–User
    1. Retail Pharmacies
    2. Outpatient Pharmacies
    3. Impatient Pharmacies
  3. By Countries
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia
    6. Thailand
    7. Malaysia
    8. Indonesia
    9. Vietnam
    10. Philippines
    11. Rest of Asia–Pacific
China Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
India Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
Japan Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
South Korea Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
Australia Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
Thailand Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
Malaysia Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
Indonesia Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
Vietnam Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
Philippines Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
Rest of Asia Pacific Pharmacy Automation Market Overview
1. Market Size & Forecast, by Value, 2018–2028
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Product
  2. By End–User
Competitive Landscape
1. List of Key Players and Their Offerings
2. Asia–Pacific Pharmacy Automation Company Market Share Analysis, 2021
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
Impact of Covid–19 on Asia–Pacific Pharmacy Automation Market
Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)
1. 3M Co.
2. B. Braun Melsungen AG
3. Bostik (An Arkema Company)
4. Cardinal Health and
5. Coloplast,
6. ConvaTec Group,
7. Goldwin Medicare Ltd.
8. Integra Lifesciences,
9. JK Medirise
10. Johnson & Johnson Services, Inc.
11. Kawamoto Corp.
12. KMS GROUP
13. Libatape Pharmaceutical Co., Ltd.
14. Medipack
15. Medtronic,
16. Mimedx Group,
17. Mölnlycke Health Care
18. Nitto Denko Corp.
19. PerSys Medical
20. Smith & Nephew PLC
21. Smith & Nephew,
22. Symbio, Inc.
23. Triage Meditech Pvt. Ltd.
24. Yoniner Group Co., Ltd
25. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumptions & Limitations

*Financial information of case of non–listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in–depth secondary research for the final deliverable.

List Of Figures

Figure 1 Asia–Pacific Pharmacy Automation Segmentation

Figure 2 Asia–Pacific Pharmacy Automation Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2021

Figure 4 The Asia–Pacific Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 5 The Asia–Pacific Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 6 The Asia–Pacific Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 7 The Asia–Pacific Pharmacy Automation Market Share, By Country, By Value, 2018–2028

Figure 8 China Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 9 China Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 10 China Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 11 India Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 12 India Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 13 India Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 14 Japan Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 15 Japan Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 16 Japan Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 17 South Korea Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 18 South Korea Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 19 South Korea Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 20 Australia Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 21 Australia Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 22 Australia Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 23 Indonesia Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 24 Indonesia Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 25 Indonesia Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 26 Malaysia Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 27 Malaysia Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 28 Malaysia Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 29 Singapore Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 30 Singapore Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 31 Singapore Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 32 Philippines Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 33 Philippines Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 34 Philippines Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 35 Vietnam Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 36 Vietnam Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 37 Vietnam Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

Figure 38 Rest of Asia Pacific Pharmacy Automation Market Size, By Value (USD Billion), 2018–2028

Figure 39 Rest of Asia Pacific Pharmacy Automation Market Share, By Product, By Value, 2018–2028

Figure 40 Rest of Asia Pacific Pharmacy Automation Market Share, By End–User, By Value, 2018–2028

List Of Tables

Table 1 The Asia–Pacific Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 2 The Asia–Pacific Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 3 The Asia–Pacific Pharmacy Automation Market Size, By Country, By Value, 2018–2028

Table 4 China Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 5 China Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 6 India Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 7 India Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 8 Japan Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 9 Japan Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 10 South Korea Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 11 South Korea Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 12 Australia Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 13 Australia Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 14 Indonesia Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 15 Indonesia Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 16 Malaysia Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 17 Malaysia Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 18 Singapore Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 19 Singapore Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 20 Philippines Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 21 Philippines Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 22 Vietnam Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 23 Vietnam Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 24 Rest of Asia Pacific Pharmacy Automation Market Size, By Product, By Value, 2018–2028

Table 25 Rest of Asia Pacific Pharmacy Automation Market Size, By End–User, By Value, 2018–2028

Table 26 3M Co. Company Overview

Table 27 3M Co. Financial Overview

Table 28 B. Braun Melsungen AG Company Overview

Table 29 B. Braun Melsungen AG Financial Overview

Table 30 Bostik (An Arkema Company) Company Overview

Table 31 Bostik (An Arkema Company) Financial Overview

Table 32 Cardinal Health and Company Overview

Table 33 Cardinal Health and Financial Overview

Table 34 Coloplast, Company Overview

Table 35 Coloplast, Financial Overview

Table 36 ConvaTec Group, Company Overview

Table 37 ConvaTec Group, Financial Overview

Table 38 Goldwin Medicare Ltd. Company Overview

Table 39 Goldwin Medicare Ltd. Financial Overview

Table 40 Integra Lifesciences, Company Overview

Table 41 Integra Lifesciences, Financial Overview

Table 42 JK Medirise Company Overview

Table 43 JK Medirise Financial Overview

Table 44 Johnson & Johnson Services, Inc. Company Overview

Table 45 Johnson & Johnson Services, Inc. Financial Overview

Table 46 Kawamoto Corp. Company Overview

Table 47 Kawamoto Corp. Financial Overview

Table 48 Medtronic, Company Overview

Table 49 Medtronic, Financial Overview

Table 50 Mimedx Group, Company Overview

Table 51 Mimedx Group, Financial Overview

Table 52 Mölnlycke Health Care Company Overview

Table 53 Mölnlycke Health Care Financial Overview

Table 54 Nitto Denko Corp. Company Overview

Table 55 Nitto Denko Corp. Financial Overview

Table 56 PerSys Medical Company Overview

Table 57 PerSys Medical Financial Overview

Table 58 Smith & Nephew PLC Company Overview

Table 59 Smith & Nephew PLC Financial Overview

Table 60 Smith & Nephew, Company Overview

Table 61 Symbio, Inc. Company Overview

Table 62 Symbio, Inc. Financial Overview

Table 63 Triage Meditech Pvt. Ltd. Company Overview

Table 64 Yoniner Group Co., Ltd Financial Overview

Table 65 Yoniner Group Co., Ltd Company Overvie

Market Segmentation

By Product

Automated Medication Dispensing & Storage Systems
Automated Table–Top Counters
Medication Compounding

By End–User

Retail Pharmacies
Outpatient Pharmacies
Impatient Pharmacies

By Country

China
India
Japan
South Korea
Australia
Thailand
Malaysia
Indonesia
Vietnam
Philippines
Rest of Asia Pacific

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Frequently Asked Questions (FAQs):

1. Which country is the most dominant in Asia Pacific Pharmacy Automation Market?

Ans: China has the largest share in Asia Pacific Pharmacy Automation Market in 2021.

2. What is the current size of the Asia Pacific Pharmacy Automation Market?

Ans: Asia Pacific Pharmacy Automation Market reached USD 422.1 million in 2021.

3. What are the major factors driving the growth of the Asia Pacific Pharmacy Automation Market?

Ans: The major factors driving the growth of the Asia Pacific Pharmacy Automation market are increasing geriatric population worldwide, increasing incidence of chronic diseases, technological advancement, rising medical expenses and requirement to minimize medication errors.

4. Who are the key players in the Asia Pacific Pharmacy Automation Market?

Ans: The key players in the Asia Pacific Pharmacy Automation Market are Becton, Dickinson And Company, Yuyama, Omnicell Inc, KUKA AG, Tosho Co Inc, Cerner Corporation, TouchPoint Medical Solutions, Takazono Corporation, Capsa Healthcare, Arxium Inc and other Prominent Players.

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Asia Pacific Pharmacy Automation Market

Report Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

1. Which country is the most dominant in Asia Pacific Pharmacy Automation Market?

2. What is the current size of the Asia Pacific Pharmacy Automation Market?

3. What are the major factors driving the growth of the Asia Pacific Pharmacy Automation Market?

4. Who are the key players in the Asia Pacific Pharmacy Automation Market?

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