The total worldwide market for pharmacy automation will be worth $2.2 billion by the end of 2010. The market is displaying a recovery from purchasing holds for equipment experienced by many health facilities, and is expected to grow at a 4.6% compound annual growth rate (CAGR) to reach $2.7 billion in 2015.
Inpatient pharmacy automation revenues account for the larger share of the market, with sales expected to reach $1.7 billion by the end of 2010 and increase by a 5.2% compound annual growth rate (CAGR) to reach $2.2 billion by 2015.
Outpatient pharmacy automation revenues are estimated at $456 million for 2010. By 2015, the outpatient pharmacy automation market is expected to reach $510 million in revenues after increasing at a compound annual growth rate (CAGR) of 2.3%.

Study Goals and Objectives

This BCC Research report, Pharmacy Automation- Technologies and Global Markets (IAS026B), provides a comprehensive analysis of the pharmacy automation market's current operations and equipment, current trends, and detailed patent analysis. The study includes information regarding statistics for medication errors, costs associated with pharmacy activities, the pharmacist shortage, and many other issues affecting the pharmacy automation market. Major pharmacy automation product segments include in-depth market and competitive analyses.

Reasons for doing the study

Although pharmacy automation dates back to the 1970s with the of pill-counting machines, the pharmacy automation market continues to advance and deliver impressive technology and improve efficiency. The increasing demand for accuracy, safety, industry standards, and competency in the pharmacy environment by regulatory authorities, manufacturers, healthcare professionals, and consumers has forced the growth of this market.

New opportunities in various settings will continue to surface-from small, private, family-owned pharmacies to large hospital and mail-order service facilities, such as Medco Health Solutions, Inc. Many small, private pharmacies are still conducting operations through manual and semi-manual methods, particularly in regions outside of the United States. The opportunity to fully automate these pharmacies surfaces more often each year, and with a growing compliance with bar-coding standards and new tracking capabilities with RFID technology, this trend will continue to increase at a rapid rate. A large portion of inpatient facilities are already highly automated; however, there are advancements in technology and performance improvements every year, and these pharmacies will continue to seek out the most efficient system to upgrade to. In order to remain competitive in the pharmaceutical dispensing business, organizations will be highly dependent on efficient automation systems. Therefore, upgrades are likely to be an ongoing process.

Scope of Report

This BCC report is designed to be a helpful business tool that will provide a thorough evaluation of the global pharmacy automation market. The geographical scope is global with special emphasis on the United States/Canada and the European Union, with supplemental data covering other geographical markets and trends. The report identifies pharmacy automation markets by inpatient and outpatient pharmacy settings, and by product type. Within the global pharmacy automation market, there are two general pharmacy settings, each having other subsettings

Inpatient pharmacy automation
- - Acute-care settings
- - Long-term care settings
Outpatient pharmacy automation
- - Outpatient/fast-track clinical settings
- - Hospital retail settings
- - Pharmacy benefit management services and other mail-order settings
- - Retail pharmacy chains

Each segment is further extrapolated to provide detailed information of current and emerging products, current market estimates and market forecasts, and competitive analyses.

Methodology

The information for this BCC report was obtained through primary and secondary data-collection methods. Primary methods included interviews with approximately 50 key executives, product managers, and clinical specialists involved in the pharmacy automation industry. Secondary methods included published literature in the area of pharmacy technology and services, investment reports, company literature, and various pharmacy-related business journals.

All market data pertains the global market at the manufacturers' level. Data is expressed in current U.S. dollars. The base year of the report is 2010, with historical data provided for 2008 and 2009, and forecast data provided for 2015. Historical base year and forecast data are provided for each market segment of the report. Competitor market share estimates are provided for each market segment for the 2010 base year.

Although this study provides information on a variety of pharmacy automation equipment, it does not include a comprehensive list of products available. Many companies offer products to a variety of industry types, including, but not limited to, the following industries:

Appliance industry
Aircraft industry
Automotive industry
Electrical and electronics industry
Communications industry
Food production industry

Some systems not covered in this study include those that are primarily used in other industry types, but are, however, designed to accommodate other settings, including the medical and pharmacy industries.

About the Author

Melissa Elder is an experienced healthcare market analyst specializing in prescription and over-the-counter pharmaceuticals, medical devices, and emerging healthcare technologies. Ms. Elder has more than 15 years of experience in the healthcare industry, specializing in market research for the past 12 years. This experience has given her substantial insights into pharmaceutical market analysis. Her work in the medical community, including emergency room medical training and healthcare information system coordination, has enhanced her ability to provide insight into many healthcare markets.

Chapter- 1: Introduction -- Complimentary
- Study Goals And Objectives
- Reasons For Doing The Study
- Scope Of Report
- Methodology
- About The Author
- Related Bcc Studies
- Bcc Research Online Services
- Disclaimer
Chapter-2: Summary
- Major Worldwide Pharmacy Automation Markets
- Summary Table Worldwide Inpatient And Outpatient Pharmacy Automation Market By Segment, Through 2015 ($ Millions)
- Summary Figure Worldwide Inpatient And Outpatient Pharmacy Automation Market By Segment, 2008-2015 ($ Millions)
- Key Trends
- Leading Manufacturers
Chapter-3: Industry Overview
- Pharmacy Automation Industry Structure
- Background, History, And Growth Of The Pharmacy Automation Market
- Employing Automation To Improve Current Medication Delivery Systems
- Areas For Improvement
- Regulatory Authorities
- Joint Commission Of Accredited Healthcare Organizations (Jcaho)
- Food And Drug Administration (Fda)
- European Medicines Evaluation Agency (Emea)
- European Federation Of Pharmaceutical Industries And Associations (Efpia)
- Medicines And Healthcare Products Regulatory Agency (Mhra)
- Royal Pharmaceutical Society Of Great Britain (Rpsgb)
- National Patient Safety Agency (Npsa)
- Japanese Ministry Of Health, Labor, And Welfare (Mhlw)
- Central Drugs Standard Control Organization (Cdsco)
- Therapeutic Goods Administration (Tga)
- State Food And Drug Administration (Sfda)
- Federal Trade Commission
- Drug Enforcement Administration
- National Association Of Boards Of Pharmacy
Chapter-4: Issues Affecting The Market
- Bar Coding And Electronic Medication Administration
- Table 1 Electronic Healthcare 'meaningful Use' Stages Established By Cms
- Standardization Of Bar Coding
- Trends In Radiofrequency Identification Devices (Rfid)
- E-Pedigree Systems And Rfid
- Healthcare Personnel Trends
- Pharmacy Personnel
- Pharmacists
- Pharmacy Technicians
- Direct Care Providers
- Consumer Issues
- Safety
- Accuracy And Accountability
- Increasing Number Of Pharamcists In Select Regions
- Impact Of Telepharmacy
- Retail Pharmacy Issues
- Safety Issues
- Fda Reform Bill
- Institute For Safe Medication Practices (Ismp)
- Medication Administration Errors
- Table 2 Average Annual Adverse Drug Reactions And Medication Administration Errors
- Table 3 Widely Reported Types Of Medication Errors
- Organizational Structure And Its Effect On Errors
- Compliance Issues
- Implementation Issues
- Cost-Effectiveness In Pharmacy Automation
- Rising Global Spending On Healthcare
- Table 4 Health Expenditures As Percent Of Gdp By Country, 1980-2006 (%)
- Table 4 (Continued)
- Figure 1 Health Expenditures As Percent Of Gdp By Country, 1980-2006 (%)
- Barriers To Implementation
- Demographics And Aging Populations
- World Demographics
- Table 5 Estimated World Population And Annual Growth By Selected Age Group And Selected Years, 2000 Through 2030 (Millions)
- Figure 2 Estimated World Population By Selected Age Group And Selected Years, 2000-2030 (Millions)
- Table 6 World Population By Selected Country, 2008 Through 2015 (Millions)
- Figure 3 World Population By Selected Country, 2008-2015 (Millions)
- U.S. Demographics
- Table 7 U.S. Population Estimates And Projections By Age Group, 1900-2050 (Thousands)
- Figure 4 U.S. Population Estimates And Projections By Age Group, 1900-2050 (Thousands)
- Gender, Age, And Life Expectancy
- Table 8 Estimates Of Expected U.S. Life Expectancy At Birth With Projections By Sex, 2000 And 2020 (Yrs)
- Figure 5 Estimates Of Expected U.S. Life Expectancy At Birth With Projections By Sex, 2000 And 2020 (Yrs)
- Healthcare System Usage
- Inpatient Admissions/Nursing Homes And Assisted Living Residents
- Table 9 Average Yearly Admissions And Current Residents By Type Of Healthcare Facility In The U.S
- Table 10 Nursing Homes Residents By Selected U.S. State
- Table 10 (Continued)
- Trends In Hospital Length Of Stay
- Table 11 Hospital Usage Statistics By Selected Region, 2007* (Days)
- Global Trends
- Mexico
- Europe
- Australia And New Zealand
- Canada
- Asia
Chapter-5: Inpatient Pharmacy Automation
- Overview
- Acute Care Settings
- Table 12 Estimated Number Of Registered Hospitals By Selected Country
- Table 13 Total Number Of Registered U.S. Hospitals By Type, 2008
- For-Profit And Not-For-Profit Hospitals
- Table 14 U.S. Community Hospital Comparisons By Profit Type, 2008
- Table 15 Examples Of Leading For-Profit U.S. Hospital Chains, 2008 ($ Billions)
- Long-Term Care Settings
- Table 16 Examples Of Leading U.S. Long-Term Care Facilities, 2007 ($ Billions)
- Correctional Facilities
- Table 17 U.S. State And Federal Correctional Facilities By Type And Size, 2004*
- Cost Analysis Of Pharmacy Automation Equipment
- Table 18 Cost Analyses Of Pharmacy Automation Equipment Used In Inpatient Applications
- Case Studies
- Evergreen Hospital Medical Center (Kirkland, Wa)
- Leesburg Regional Medical Center (Leesburg, Fl)
- Miami Children's Hospital (Miami, Fl)
- Mountain View Hospital (Las Vegas, Nv)
- Madera Medical Pharmacy (Madera, Ca)
- Lucile Packard Children's Hospital (Stanford, California)
- Product Descriptions
- Automated Dispensing/Storage Systems
- Automated Packaging Systems
- Narcotics And Anesthesia Management Systems
- Other Automated Systems
- Level Of Automation Within Inpatient Pharmacy Settings
- Table 19 Percentage Of U.S. And Canadian Inpatient Pharmacies At Estimated Levels Of Automation, 2009 (%)
Chapter-6: Outpatient Pharmacy Automation
- Overview
- Table 25 U.S. Retail Prescription Drug Sales By Outlet, 1995–2008 (Millions/$ Billions)
- Figure 11 U.S. Retail Prescription Drug Sales By Outlet, 1995–2008 ($ Billions)
- Outpatient/Fast-Track Clinic Settings
- Table 26 U.S. Outpatient/Fast-Track Clinics By Selected Type Of Facility, 2007* ($ Millions)
- Hospital Retail Settings
- Table 27 U.S. Hospital Outpatient And Emergency Room Visits By Patient Age, 2007* (Millions)
- Pharmacy Benefit Management Services And Other Mail-Order Settings
- Table 28 Examples Of Leading U.S. Pharmacy Benefit Management Organizations And Other Mail-Order Groups' Sales Activity, 2009 Estimated ($ Billions)
- Retail Pharmacy Chains
- Table 29 Examples Of Leading U.S. Retail Pharmacy Chains' Sales Activity, 2009 Estimated ($ Billions)
- Table 30 U.S. Retail Pharmacy Chains: Number Of Locations By State, 2009
- Table 30 (Continued)
- Figure 12 U.S. Retail Pharmacy Chains: Number Of Locations By State, 2009
- Figure 13 Distribution Of Walgreen Pharmacies In The U.S. By State, 2009
- Figure 14 Distribution Of Cvs Pharmacies In The U.S. By State, 2009
- Figure 15 Distribution Of Rite Aid Pharmacies In The U.S. By State, 2009
- Cost Analysis Of Pharmacy Automation Equipment
- Table 31 Example Cost Analyses Of Pharmacy Automation Equipment Used In Outpatient Applications
- Advantages Of Pharmacy Automation For Retailers
- Automated Dispensing Pharmacies In The Retail Sector
- Case Studies
- Ohio Department Of Mental Health (Columbus, Oh)
- London Drugs (Canada)
- Med-Fast Pharmacy (Bethel Park, Pa)
- U.S. Navy And Scriptpro's Telepharmacy Solution
- Product Descriptions
- Automated Dispensing Systems
- Automated Packaging/Filling Systems
- Other Automated Systems
- Level Of Automation Within Outpatient Pharmacy Settings
- Table 32 Percentage Of U.S. And Canadian Outpatient Pharmacies At Estimated Levels Of Automation, 2009 (%)
- Figure 16 Percentage Of U.S. And Canadian Outpatient Pharmacies At Estimated Levels Of Automation, 2009 (%)
- Table 33 Percentage Of European Union Outpatient Pharmacies At Estimated Levels Of Automation, 2009 (%)
- Figure 17 Percentage Of European Union Outpatient Pharmacies At Estimated Levels Of Automation, 2009 (%)
- Cost Of Outpatient Automation By Equipment Type
- Table 34 Summary Of Outpatient Pharmacy Automation Equipment By Manufacturer, Equipment Type, And Cost
- Table 34 (Continued)
- Market Size And Growth
- Overview
- Markets By Product Type
- Table 35 Worldwide Outpatient Pharmacy Automation Market By Equipment Type, Through 2015 ($ Millions)
- Figure 18 Worldwide Outpatient Pharmacy Automation Market By Equipment Type, 2008-2015 ($ Millions)
- Markets By World Region
- Table 36 Worldwide Outpatient Pharmacy Automation Systems Revenues By Region, 2010 (%/$ Millions)
- Figure 19 Worldwide Outpatient Pharmacy Automation Systems Market Shares By Region, 2010 (%)
- Competitive Structure And Market Share
- Table 37 Worldwide Outpatient Pharmacy Automation Manufacturer Revenues, 2010 (%/$ Millions)
- Figure 20 Worldwide Outpatient Pharmacy Automation Manufacturer Market Shares, 2010 (%)
Chapter-7: Worldwide Pharmacy Automation Market Summary
- Worldwide Market By Segment
- Table 38 Worldwide Inpatient And Outpatient Pharmacy Automation Market By Segment, Through 2015 ($ Millions)
- Figure 21 Worldwide Inpatient And Outpatient Pharmacy Automation Market By Segment, Through 2015 ($ Millions)
- Worldwide Market By Equipment Type
- Table 39 Worldwide Pharmacy Automation Market By Equipment Type, Through 2015 ($ Millions)
- Figure 22 Worldwide Pharmacy Automation Market By Equipment Type, Through 2015 ($ Millions)
- Worldwide Market Shares By Segment
- Table 40 Worldwide Pharmacy Automation Market Shares By Segment, Through 2015 (%)
- Figure 23 Worldwide Pharmacy Automation Market Shares By Segment, 2008-2015 (%)
- Worldwide Market Shares By Equipment Type
- Table 41 Worldwide Pharmacy Automation Market Shares By Equipment Type, Through 2015 (%)
- Figure 24 Worldwide Pharmacy Automation Market Shares By Equipment Type, Through 2015 (%)
- Worldwide Market By Geographic Region
- Table 42 Worldwide Pharmacy Automation Systems Revenues By Region, 2010 (%/$ Millions)
- Figure 25 Worldwide Pharmacy Automation Systems Market Shares By Region, 2010 (%)
- Industry Participants By Equipment Type
- Table 43 Industry Participants By Equipment Type, 2009/2010
- Table 44 Pharmacy Automation Equipment Provider Product List
Chapter-8: Technology
- Overview
- Current Uses Of Technology
- Communication Network Technology
- Biometric-Type Identification Technology
- Infrared Technology
- Automated Parenteral Dispensers
- Radio-Frequency Identification (Rfid) Technology
- Bar-Code Technology
- Automated Pharmacy Inventory Management (Pim) Systems
- Automated Dispensing Cabinets (Adcs)
- Robotics
- Robotics In Medicine
- Robotic Configurations
- How Robots Mimic Human Movements
- Robot Locomotion
- Linear Tracks
- Sensor Technology
- Programming Languages
- User Interfaces
- Graphic Image Interfaces
- Guidance Systems
- Fluorescent Guidepaths
- Solvent-Borne Guidepaths
- Water-Borne Emulsion Guidepaths
- Patent Evaluation
- Pharmacy Automation And Pharmacy Robot Patents
- Table 45 Number Of Pharmacy Automation And Robot Patents Issued By Year, 1995-2010*
- Figure 26 Number Of Pharmacy Automation And Robot Patents Issued By Year, 1995-2010
- Table 46 Pharmacy Automation And Robot Patents By Assignee, As Of July 2010
- Figure 27 Pharmacy Automation And Robot Patents By Assignee, As Of July 2010
- Patent Holder Summary
- Automed Technologies
- Mckesson
- Medco Health Solutions
- Scriptpro
Chapter-9: Company Profiles
- Amerisourcebergen Corp
- Table 47 Amerisourcebergen's Summary Financials, 2007-2009 ($ Millions)
- Baxa Corp
- Carefusion Corp
- Table 48 Carefusion's Summary Financials, 2007-2009 ($ Millions)
- Cerner Corp
- Table 49 Cerner's Summary Financials, 2007-2009 ($ Millions)
- Euclid Spiral Paper Tube Corp
- Innovation Associates
- Kirby Lester, Llc
- Mckesson Corp
- Table 50 Mckesson's Summary Financials, 2007-2009 ($ Millions)
- Medical Packaging, Inc
- Mts Medication Technologies, Inc
- Table 51 Mts Medication Technologies' Summary Financials, 2007-2009 ($ Millions)
- Omnicell, Inc
- Table 52 Omnicell's Summary Financials, 2007-2009 ($ Millions)
- Parata Systems, Llc
- Scriptpro, Llc
Chapter-10: Appendices
- Appendices
- Appendix I: Leading Equipment Manufacturers
- Amerisourcebergen Corp
- Baxa Corp
- Bridge Medical, Inc
- Capsa Solutions, Llc
- Carefusion Corp
- Cerner Corp
- Emerson Electric Co
- Euclid Spiral Paper Tube Corp
- Forhealth Technologies, Inc
- Kirby Lester, Llc
- Lionville Systems, Inc
- M.E.D.S., Inc
- Mckesson Corp
- Med-Dispense, Llc
- Medical Packaging, Inc
- Mts Medication Technologies, Inc
- Omnicell, Inc
- Parata Systems
- Pearson Medical Technologies, Llc
- Rx Systems, Inc
- Scriptpro, Llc
- Swisslog Holding Ag
- Talyst, Inc
- Tcgrx
- Appendix Ii: Other Related Companies
- Abbott Laboratories
- Advanced Pharmacy
- Asteres, Inc
- Associated Pharmacies, Inc
- Astrazeneca, Plc
- Baxter International, Inc
- Beckman Coulter, Inc
- Bristol-Myers Squibb Co
- Cardinal Health, Inc
- Diebold, Inc
- Faulding Pharmaceutical Co
- Forest Laboratories, Inc
- Fulcrum Inc
- Ge Healthcare
- Glaxosmithkline, Plc
- Health Robotics
- Ibm Corporation
- Impinj, Inc
- Innovation Associates
- Integrated Dispensing Systems
- Kvm Technologies
- Luciano Packaging Technologies, Inc
- Meditec Pty, Ltd
- Medselect, Inc
- Microsoft Corp
- Motorola, Inc
- Multum Information Services
- Nevoca.Com, Inc
- Novartis International Ag
- Novopharm, Ltd
- Perrigo Co
- Pfizer, Inc
- Pharmitas, Inc
- Systech Corporation
- Symbol Technologies
- Tagsys
- Telepharmacy Solutions, Inc
- Tosho, Inc
- Appendix Iii: Hospitals, Retail Pharmacies, And Others
- Albertson's, Inc
- Beverly Enterprises, Inc./Golden Living
- Catalyst Health Solutions Inc
- Community Health Systems, Inc
- Costco Wholesale Corp
- Cvs Caremark
- Department Of Defense
- Evergreen Hospital Medical Center
- Express Scripts, Inc
- Flagler Hospital
- Hca, Inc
- Health Management Associates, Inc
- Iasis Healthcare Corp
- Jackson Hospital
- The Johns Hopkins Hospital
- Kindred Healthcare, Inc
- Kroger Company, The
- Leesburg Regional Medical Center
- Lifebridge Health - Sinai Hospital Of Baltimore
- Lifepoint Hospitals, Inc
- London Drugs Ltd
- Lucile Packard Children's Hospital
- Madera Medical Pharmacy
- Manor Care, Inc
- Medco Health Solutions, Inc
- Med-Fast Pharmacy
- Medimpact Healthcare Systems, Inc
- Medicine Shoppe International, The
- Miami Children's Hospital
- Mountain View Hospital
- New Orleans Ochsner Clinic
- Ohio Department Of Mental Health
- Rite Aid Corp
- Savaseniorcare, Llc
- Target Corp
- Tenet Healthcare Corp
- United Supermarkets, Ltd
- Universal Health Services, Inc
- University Of Maryland Medical Center
- Vanguard Health Systems, Inc
- Walgreen Co
- Wal-Mart Stores, Inc
- Appendix Iv: Associations And Organizations
- Agency For Healthcare Research And Quality
- American Association Of Colleges Of Pharmacy
- American Hospital Association
- Australian Department Of Health And Aging
- Australian Institute Of Health And Welfare
- Canadian Institute For Health Information
- Central Drugs Standard Control Organization
- Centers For Disease Control And Prevention
- Centers For Medicare & Medicaid Services
- Creighton University
- Drug Enforcement Administration
- European Federation Of Pharmaceutical Industries And Associations
- European Medicines Evaluation Agency
- European Patent Office
- Federal Trade Commission
- Food & Drug Administration
- Health Canada
- Institute For Safe Medication Practices
- Japanese Ministry Of Health, Labor, And Welfare
- The Joint Commission
- Jcaho
- Medicines And Healthcare Products Regulatory Agency
- National Association Of Boards Of Pharmacy
- National Patient Safety Agency
- Oregon State Board Of Pharmacy
- Royal Pharmaceutical Society Of Great Britain
- State Food And Drug Administration
- Therapeutic Goods Administration
- U.S. Bureau Of Labor Statistics
- U.S. Census Bureau
- U.S. Department Of Defense
- U.S. Department Of Health And Human Services
- U.S. Patent And Trademark Office

Pharmaceutical Market Research

Pharmacy Automation