South & Central America Pharmacy Automation Systems Market Forecast to 2030 - Regional Analysis - by Type [Automation Medication Dispensing Systems (Product Type and Operation), Automated Packaging and Labelling Systems, Automated Table-Top Counters, Automated Storage and Retrieval Systems, and Other Types] and End User (Hospital Pharmacy, Retail Pharmacy, and Others)
The South & Central America pharmacy automation systems market was valued at US$ 335.86 million in 2022 and is expected to reach US$ 647.28 million by 2030; it is estimated to grow at a CAGR of 8.5% from 2022 to 2030.
Rising Aging Population Fuel the South & Central America Pharmacy Automation Systems Market
The aging population is a key to advancements in the healthcare sector. Thus, the growing aging population is anticipated to serve vital growth opportunities for the pharmacy. According to the United Nations' World Population Prospects 2022 report, the elderly population is projected to increase from 10% of the total population in 2022 to 16% of the total population by 2050. The rapidly growing aging population indicates that there will be exponential demand for care and medicines. Older people live with one or more chronic medical conditions, such as arthritis, diabetes, Alzheimer's, or Parkinson's; the treatments of these conditions require regular refilling of medicines. Also, there is growth in life expectancy worldwide, leading to the need for more digital and automated systems for adult care.
The development of automatic medicine dispensers has served beneficially in developed regions. Advanced features such as an LED display, a motor controller, and an alarm system help people with medication reminders. Automated pharmacy systems would enable them to keep track of their medicine and stocks better. Further, the implementation of automated pharmacy systems has been proven to trigger medication adherence in adults. With such features, the adoption of automated pharmacy systems is expected to grow in the coming years.
South & Central America Pharmacy Automation Systems Market Overview
The pharmacy automation systems market in South & Central America is segmented into Brazil, Chile, and the Rest of South & Central America. The pharmacy automation systems market has served growth opportunities in Brazil due to growing medical tourism and improving healthcare infrastructure, which is anticipated to increase the adoption of pharmacy automation systems in the region.
In Brazil, the pharmacy automation systems market is in the early stages. Nationwide, Brazilian hospitals have deployed PillPick and BoxPicker, provided by Swisslog Healthcare. Healthcare facilities in the urban areas of Brazil are well-developed and majorly operated by the private sector. Therefore, it is estimated that the private sector has adopted automated dispensing systems in their facility centers, contributing significantly to the market growth. In addition, growing spending on technological advancements and increasing government initiatives for integrating automatic dispensing machines in healthcare facilities are leading to market growth.
South & Central America Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Pharmacy Automation Systems Market Segmentation
The South & Central America pharmacy automation systems market is segmented based on type, end user, and country.
Based on type, the South & Central America pharmacy automation systems market is segmented into automation medication dispensing systems (product type and operation), automated packaging and labelling systems, automated table-top counters, automated storage and retrieval systems, and other types. The automation medication dispensing systems segment held the largest market share in 2022.
Based on end user, the South & Central America pharmacy automation systems market is segmented into hospital pharmacy, retail pharmacy, and others. The hospital pharmacy segment held the largest market share in 2022.
Based on country, the South & Central America pharmacy automation systems market is segmented into Brazil, Chile, and the Rest of South & Central America. Brazil dominated the South & Central America pharmacy automation systems market share in 2022.
Becton Dickinson and Co, Capsa Solutions LLC, Omnicell Inc, Oracle Corp, and Swisslog Healthcare AG are some of the leading companies operating in the South & Central America pharmacy automation systems market.
Rising Aging Population Fuel the South & Central America Pharmacy Automation Systems Market
The aging population is a key to advancements in the healthcare sector. Thus, the growing aging population is anticipated to serve vital growth opportunities for the pharmacy. According to the United Nations' World Population Prospects 2022 report, the elderly population is projected to increase from 10% of the total population in 2022 to 16% of the total population by 2050. The rapidly growing aging population indicates that there will be exponential demand for care and medicines. Older people live with one or more chronic medical conditions, such as arthritis, diabetes, Alzheimer's, or Parkinson's; the treatments of these conditions require regular refilling of medicines. Also, there is growth in life expectancy worldwide, leading to the need for more digital and automated systems for adult care.
The development of automatic medicine dispensers has served beneficially in developed regions. Advanced features such as an LED display, a motor controller, and an alarm system help people with medication reminders. Automated pharmacy systems would enable them to keep track of their medicine and stocks better. Further, the implementation of automated pharmacy systems has been proven to trigger medication adherence in adults. With such features, the adoption of automated pharmacy systems is expected to grow in the coming years.
South & Central America Pharmacy Automation Systems Market Overview
The pharmacy automation systems market in South & Central America is segmented into Brazil, Chile, and the Rest of South & Central America. The pharmacy automation systems market has served growth opportunities in Brazil due to growing medical tourism and improving healthcare infrastructure, which is anticipated to increase the adoption of pharmacy automation systems in the region.
In Brazil, the pharmacy automation systems market is in the early stages. Nationwide, Brazilian hospitals have deployed PillPick and BoxPicker, provided by Swisslog Healthcare. Healthcare facilities in the urban areas of Brazil are well-developed and majorly operated by the private sector. Therefore, it is estimated that the private sector has adopted automated dispensing systems in their facility centers, contributing significantly to the market growth. In addition, growing spending on technological advancements and increasing government initiatives for integrating automatic dispensing machines in healthcare facilities are leading to market growth.
South & Central America Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Pharmacy Automation Systems Market Segmentation
The South & Central America pharmacy automation systems market is segmented based on type, end user, and country.
Based on type, the South & Central America pharmacy automation systems market is segmented into automation medication dispensing systems (product type and operation), automated packaging and labelling systems, automated table-top counters, automated storage and retrieval systems, and other types. The automation medication dispensing systems segment held the largest market share in 2022.
Based on end user, the South & Central America pharmacy automation systems market is segmented into hospital pharmacy, retail pharmacy, and others. The hospital pharmacy segment held the largest market share in 2022.
Based on country, the South & Central America pharmacy automation systems market is segmented into Brazil, Chile, and the Rest of South & Central America. Brazil dominated the South & Central America pharmacy automation systems market share in 2022.
Becton Dickinson and Co, Capsa Solutions LLC, Omnicell Inc, Oracle Corp, and Swisslog Healthcare AG are some of the leading companies operating in the South & Central America pharmacy automation systems market.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA PHARMACY AUTOMATION SYSTEMS MARKET - KEY INDUSTRY DYNAMICS
4.1 Key Market Drivers:
4.1.1 Growing Adoption of Robotic Pharmacy
4.1.2 Growing Risks of Medication Errors
4.2 Key Market Restraints:
4.2.1 High Capitalization Cost and Problems Associated with Pharmacy Automation Systems
4.3 Key Market Opportunities:
4.3.1 Aging Population
4.4 Future Trends
4.4.1 Artificial Intelligence (AI) in the Pharmacy Sector
4.5 Impact Analysis:
5. PHARMACY AUTOMATION SYSTEMS MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS
5.1 Overview
5.2 South & Central America Pharmacy Automation Systems Market Revenue (US$ Mn), 2022 - 2030
6. SOUTH & CENTRAL AMERICA PHARMACY AUTOMATION SYSTEMS MARKET - REVENUE AND FORECAST TO 2030 - BY TYPE
6.1 Overview
6.2 South & Central America Pharmacy Automation Systems Market Revenue Share, by Type 2022 & 2030 (%)
6.3 Automated Medication Dispensing Systems-Product Type
6.3.1 Overview
6.3.2 Automated Medication Dispensing Systems: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.3.3 Robotics Automated Systems
6.3.3.1 Overview
6.3.3.2 Robotics Automated Systems: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.3.4 Carousels
6.3.4.1 Overview
6.3.4.2 Carousels: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.3.5 Automated Dispensing Cabinets
6.3.5.1 Overview
6.3.5.2 Automated Dispensing Cabinets: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.4 Automated Medication Dispensing Systems-Operation
6.4.1 Overview
6.4.2 Centralized Prescription Fulfilment
6.4.2.1 Overview
6.4.2.2 Centralized Prescription Fulfilment: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.4.3 Decentralized Prescription Fulfilment
6.4.3.1 Overview
6.4.3.2 Decentralized Prescription Fulfilment: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.5 Automated Packaging and Labelling Systems
6.5.1 Overview
6.5.2 Automated Packaging and Labelling Systems: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.6 Automated Table-top Counters
6.6.1 Overview
6.6.2 Automated Table-top Counters: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.7 Automated Storage and Retrieval Systems
6.7.1 Overview
6.7.2 Automated Storage and Retrieval Systems: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.8 Other Types
6.8.1 Overview
6.8.2 Other Types: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
7. SOUTH & CENTRAL AMERICA PHARMACY AUTOMATION SYSTEMS MARKET - REVENUE AND FORECAST TO 2030 - BY END USER
7.1 Overview
7.2 South & Central America Pharmacy Automation Systems Market Revenue Share, by End User 2022 & 2030 (%)
7.3 Hospital Pharmacy
7.3.1 Overview
7.3.2 Hospital Pharmacy: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Retail Pharmacy
7.4.1 Overview
7.4.2 Retail Pharmacy: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA PHARMACY AUTOMATION SYSTEMS MARKET - COUNTRY ANALYSIS
8.1 South & Central America Pharmacy Automation Systems Market, Revenue and Forecast To 2030
8.1.1 Overview
8.1.1.1 South & Central America: Pharmacy Automation Systems Market, by Country
8.1.1.2 Brazil
8.1.1.2.1 Brazil: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.1.2.2 Brazil: Pharmacy Automation Systems Market, by Type
8.1.1.2.2.1 Brazil: Automated Medication Dispensing Systems Market, by Product Type
8.1.1.2.2.2 Brazil: Automated Medication Dispensing Systems Market, by Operation
8.1.1.2.3 Brazil: Pharmacy Automation Systems Market, by End User
8.1.1.3 Chile
8.1.1.3.1 Chile: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.1.3.2 Chile: Pharmacy Automation Systems Market, by Type
8.1.1.3.2.1 Chile: Automated Medication Dispensing Systems Market, by Product Type
8.1.1.3.2.2 Chile: Automated Medication Dispensing Systems Market, by Operation
8.1.1.3.3 Chile: Pharmacy Automation Systems Market, by End User
8.1.1.4 Rest of South & Central America
8.1.1.4.1 Rest of South & Central America: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.1.4.2 Rest of South & Central America: Pharmacy Automation Systems Market, by Type
8.1.1.4.2.1 Rest of South & Central America: Automated Medication Dispensing Systems Market, by Product Type
8.1.1.4.2.2 Rest of South & Central America: Automated Medication Dispensing Systems Market, by Operation
8.1.1.4.3 Rest of South & Central America: Pharmacy Automation Systems Market, by End User
9. PHARMACY AUTOMATION SYSTEMS MARKET-INDUSTRY LANDSCAPE
9.1 Overview
9.2 Organic Growth Strategies
9.2.1 Overview
9.3 Inorganic Growth Strategies
9.3.1 Overview
10. COMPANY PROFILES
10.1 Becton Dickinson and Co
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Capsa Solutions LLC
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Omnicell Inc
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Oracle Corp
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Swisslog Healthcare AG
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
11. APPENDIX
11.1 About Us
11.2 Glossary of Terms
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA PHARMACY AUTOMATION SYSTEMS MARKET - KEY INDUSTRY DYNAMICS
4.1 Key Market Drivers:
4.1.1 Growing Adoption of Robotic Pharmacy
4.1.2 Growing Risks of Medication Errors
4.2 Key Market Restraints:
4.2.1 High Capitalization Cost and Problems Associated with Pharmacy Automation Systems
4.3 Key Market Opportunities:
4.3.1 Aging Population
4.4 Future Trends
4.4.1 Artificial Intelligence (AI) in the Pharmacy Sector
4.5 Impact Analysis:
5. PHARMACY AUTOMATION SYSTEMS MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS
5.1 Overview
5.2 South & Central America Pharmacy Automation Systems Market Revenue (US$ Mn), 2022 - 2030
6. SOUTH & CENTRAL AMERICA PHARMACY AUTOMATION SYSTEMS MARKET - REVENUE AND FORECAST TO 2030 - BY TYPE
6.1 Overview
6.2 South & Central America Pharmacy Automation Systems Market Revenue Share, by Type 2022 & 2030 (%)
6.3 Automated Medication Dispensing Systems-Product Type
6.3.1 Overview
6.3.2 Automated Medication Dispensing Systems: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.3.3 Robotics Automated Systems
6.3.3.1 Overview
6.3.3.2 Robotics Automated Systems: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.3.4 Carousels
6.3.4.1 Overview
6.3.4.2 Carousels: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.3.5 Automated Dispensing Cabinets
6.3.5.1 Overview
6.3.5.2 Automated Dispensing Cabinets: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.4 Automated Medication Dispensing Systems-Operation
6.4.1 Overview
6.4.2 Centralized Prescription Fulfilment
6.4.2.1 Overview
6.4.2.2 Centralized Prescription Fulfilment: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.4.3 Decentralized Prescription Fulfilment
6.4.3.1 Overview
6.4.3.2 Decentralized Prescription Fulfilment: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.5 Automated Packaging and Labelling Systems
6.5.1 Overview
6.5.2 Automated Packaging and Labelling Systems: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.6 Automated Table-top Counters
6.6.1 Overview
6.6.2 Automated Table-top Counters: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.7 Automated Storage and Retrieval Systems
6.7.1 Overview
6.7.2 Automated Storage and Retrieval Systems: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
6.8 Other Types
6.8.1 Overview
6.8.2 Other Types: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
7. SOUTH & CENTRAL AMERICA PHARMACY AUTOMATION SYSTEMS MARKET - REVENUE AND FORECAST TO 2030 - BY END USER
7.1 Overview
7.2 South & Central America Pharmacy Automation Systems Market Revenue Share, by End User 2022 & 2030 (%)
7.3 Hospital Pharmacy
7.3.1 Overview
7.3.2 Hospital Pharmacy: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Retail Pharmacy
7.4.1 Overview
7.4.2 Retail Pharmacy: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Pharmacy Automation Systems Market - Revenue and Forecast to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA PHARMACY AUTOMATION SYSTEMS MARKET - COUNTRY ANALYSIS
8.1 South & Central America Pharmacy Automation Systems Market, Revenue and Forecast To 2030
8.1.1 Overview
8.1.1.1 South & Central America: Pharmacy Automation Systems Market, by Country
8.1.1.2 Brazil
8.1.1.2.1 Brazil: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.1.2.2 Brazil: Pharmacy Automation Systems Market, by Type
8.1.1.2.2.1 Brazil: Automated Medication Dispensing Systems Market, by Product Type
8.1.1.2.2.2 Brazil: Automated Medication Dispensing Systems Market, by Operation
8.1.1.2.3 Brazil: Pharmacy Automation Systems Market, by End User
8.1.1.3 Chile
8.1.1.3.1 Chile: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.1.3.2 Chile: Pharmacy Automation Systems Market, by Type
8.1.1.3.2.1 Chile: Automated Medication Dispensing Systems Market, by Product Type
8.1.1.3.2.2 Chile: Automated Medication Dispensing Systems Market, by Operation
8.1.1.3.3 Chile: Pharmacy Automation Systems Market, by End User
8.1.1.4 Rest of South & Central America
8.1.1.4.1 Rest of South & Central America: Pharmacy Automation Systems Market Revenue and Forecast to 2030 (US$ Mn)
8.1.1.4.2 Rest of South & Central America: Pharmacy Automation Systems Market, by Type
8.1.1.4.2.1 Rest of South & Central America: Automated Medication Dispensing Systems Market, by Product Type
8.1.1.4.2.2 Rest of South & Central America: Automated Medication Dispensing Systems Market, by Operation
8.1.1.4.3 Rest of South & Central America: Pharmacy Automation Systems Market, by End User
9. PHARMACY AUTOMATION SYSTEMS MARKET-INDUSTRY LANDSCAPE
9.1 Overview
9.2 Organic Growth Strategies
9.2.1 Overview
9.3 Inorganic Growth Strategies
9.3.1 Overview
10. COMPANY PROFILES
10.1 Becton Dickinson and Co
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Capsa Solutions LLC
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Omnicell Inc
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Oracle Corp
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Swisslog Healthcare AG
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
11. APPENDIX
11.1 About Us
11.2 Glossary of Terms
