Technology

Pharmacy Automation Market worth US$10.00 billion by 2030 with 7.1% CAGR | MarketsandMarkets™

Published

2 years ago

March 7, 2025

DELRAY BEACH, Fla., March 7, 2025 /PRNewswire/ — The global Pharmacy Automation Market, valued at US$6.23 billion in 2023, is forecasted to grow at a robust CAGR of 7.1%, reaching US$6.65 billion in 2024 and an impressive US$10.00 billion by 2030. The growth of the market is mainly fueled by the increasing incidence of chronic diseases, enhancing the need for effective and precise management of drugs. Moreover, the requirement of efficient pharmacy operations to boost the efficiency of the workflow and cut down medication mistakes is accelerating the usage of automation. Furthermore, government initiatives and policies promoting digital health and automation are propelling market growth.

Furthermore, major industry players are increasingly focusing on AI-driven solutions, cloud-based pharmacy management systems, and strategic partnerships to enhance operational efficiency. The expansion of e-pharmacies, along with the growing integration of IoT in healthcare, is expected to create new growth opportunities. As technological advancements continue to transform the pharmacy sector, automation is becoming an essential solution for improving medication safety, reducing costs, and optimizing overall pharmaceutical operations.

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By Based on product type, the pharmacy automation market has been segmented into automated medication dispensing and storage systems, automated packaging and labeling systems, automated tabletop counters, automated medication compounding systems, pharmacy management software (PMS/PIMS/PIS), and other pharmacy automation systems (pharmacy kiosks, pneumatic tubes, tablet splitters, and others). In 2023, the automated medication dispensing and storage systems segment is estimated to hold the largest share of the market for pharmacy automation. Some of the key growth factors for the segment are increasing need for reducing medication errors. Medication dispensing errors, such as incorrect dosage, wrong medications, and dispensing delays, contribute to adverse drug events (ADEs), impacting patient health outcomes. For instance, according to the World Health Organization (WHO) 2022, medication errors are estimated to cost approximately USD 42 billion annually. Further, in hospital settings, medication error rates range from 0.3% to 9.1% during prescribing and 1.6% to 2.1% at the dispensing stage. Automation minimizes human errors by ensuring precise dispensing and secure storage. Technologies such as robotic dispensers help prevent contamination and ensure correct medication dispensing.

By End user, the retail pharmacies segment is expected to grow at the fastest CAGR over the forecast period. This rapid expansion is fueled by the rising demand for streamlined pharmacy operations, growing prescription volumes, and the need for faster, more accurate medication dispensing. The increasing shift toward digital health solutions, coupled with advancements in robotic dispensing, AI-driven inventory management, and cloud-based pharmacy systems, is transforming how retail pharmacies operate. Additionally, the push for improved customer convenience, including same-day prescription deliveries and automated refill systems, is accelerating the adoption of pharmacy automation technologies. Major retailers such as Walmart and Amazon are intensifying competition in the US prescription medication market by introducing same-day delivery services. For instance, in January 2025, Walmart announced the nationwide expansion of its same-day pharmacy delivery service in 49 states by the end of January 2025. This move intensifies competition with Amazon’s expanding prescription services and traditional retail pharmacies such as CVS and Walgreens, which are struggling with store closures. The service aims to provide faster, more convenient prescription access for customers, particularly busy families, seniors, and chronic disease patients.

By geography, the pharmacy automation market is segmented into five major regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. In 2023, North America accounted for the highest share in pharmacy automation market driven by its well-established healthcare infrastructure, high adoption of advanced technologies, and stringent regulatory requirements for medication safety. The region’s dominance is fueled by the increasing demand for automated medication dispensing, packaging, and inventory management solutions in both hospital and retail pharmacy settings. Regulatory bodies such as the FDA, DEA, and HIPAA have set strict guidelines for medication management, pushing pharmacies and healthcare institutions to integrate automation to ensure compliance and reduce medication errors. Additionally, the presence of leading market players, including Omnicell, BD, Swisslog Healthcare, and Baxter International Inc, accelerated innovation and widespread adoption of automation technologies. The rise of retail pharmacy automation, with major chains such as Walmart, CVS, Walgreens, and Amazon Pharmacy investing in AI-powered prescription fulfillment and same-day delivery services, further strengthened North America’s leadership in the market.

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The pharmacy automation market is consolidated at the top with a large number of leading market players based in developed countries. The key players operating in this market are Becton, Dickinson and Company (US), Omnicell, Inc. (US), KUKA AG (Swisslog Healthcare) (Germany), Baxter International Inc. (US), Capsa Healthcare (US), Oracle (US), Yuyama Co., Ltd. (Japan), ARxIUM Inc. (US), Mckesson Corporation (US), RxSafe, LLC (US), ScriptPro LLC (US), Pearson Medical Technologies, LLC (US), Deenova S.R.L (Germany), Medical Packaging Inc., LLC (US), Tension Corporation (US), Noritsu Pharmacy Automation (US), Euclid Medical Products (US), TouchPoint Medical Solutions (US), Innovation Associates (US), and JFCRX (US). Because of the high level of competition in the market, major market players are becoming more inclined to grow their presence in the high-growth markets by employing both organic and inorganic growth initiatives like product launches, and acquisitions.

Becton, Dickinson and Company (BD) (US):

BD is a worldwide manufacturer of high-quality pharmacy automation solutions that reinforce its market position via organic growth strategies like investments in research & development activities. BD spent USD 1.33 billion and USD 1.09 billion in R&D in 2021 and 2020, respectively. Further, the strong geographical presence, extensive distribution network, and brand image of the company has made itself a market leader in the worldwide arena.

Omnicell, Inc. (US):

Omnicell is among the most dominant companies in the pharmacy automation sector. The firm has a very wide line of pharmacy automation systems with high brand value that has enabled it to establish a competitive advantage in the pharmacy automation sector and a leading global position. The firm has a focus on inorganic expansion through acquiring firms. Omnicell bought MarkeTouch Media, LLC (US) to further its presence in the retail pharmacy market. It also bought ReCept Holdings, Inc. (US) to further its portfolio of advanced services.

KUKA AG (Swisslog Healthcare) (Germany):

KUKA AG (Swisslog Healthcare) (Germany): KUKA provides an extensive array of pharmacy automation solutions under its Swisslog Healthcare business segment. Swisslog Healthcare emphasizes growing its business by expanding product development and geographical presence. Swisslog Healthcare expanded its business through the development of the UniPick 2 outpatient drug dispensing automation solution in hospital pharmacies (outpatient solutions) in the fast-expanding Chinese market. New products established and improvements have given Swisslog a competitive edge over its peers in the market.

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Technology

140th Canton Fair: Circular Economy in Products and Practice

Published

25 minutes ago

October 26, 2026

GUANGZHOU, China, Oct. 26, 2026 /PRNewswire/ — As sustainability moves from a corporate commitment to a business imperative, the principles of the circular economy are becoming increasingly visible across both products and industry practices. This shift can also be observed at the 140th Canton Fair.

Designing Longer Lifecycles for Home Products

Among the home and lifestyle products featured at the fair, circular design remains a key theme. Sleep solutions are integrating bio-based and low-carbon materials with durable structures that improve product longevity while reducing resource consumption. Beyond comfort and support, manufacturers focus on repairability, recyclable components and internationally recognized environmental certifications. These features extend product life cycles and minimize waste.

Beyond sleep solutions, furniture exhibitors are also exploring new approaches to material reuse. Seating products made with recycled plastics recovered from discarded appliances and marine waste demonstrate how post-consumer materials can be transformed into high-value consumer goods. Combined with ergonomic design, modular construction and enhanced durability, these products help reduce dependence on virgin resources while maintaining performance and safety standards.

Another approach comes from furniture crafted from reclaimed wood, highlighting another pathway toward circularity. By giving previously used timber a second life, manufacturers preserve material value, reduce waste and create products that carry a distinctive sense of history and craftsmanship.

A Trade Fair Shaped by Circular Principles

The Canton Fair’s commitment to sustainability extends far beyond its exhibition halls. Over the past decade, it has served as a testing ground for greener exhibition practices, helping transform an industry once associated with large volumes of disposable construction materials and post-event waste.

Now the fair has achieved green booth adoption, replacing traditional one-time-use structures with modular, reusable systems. This shift significantly reduces construction waste while improving efficiency and safety. The experience gained through years of implementation later contributed to the development of national standards for green exhibition booths, exhibition operations and venue safety management, providing a framework that has since influenced other major exhibitions and venues across China.

Marking its 70th anniversary, the Canton Fair continues to champion a long-term approach to sustainable growth. Whether through circular product innovation or greener exhibition practices, these commitments remain central to the fair’s vision for the years ahead.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

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Technology

Verosoft Launches Verovia to Turn AI into Industrial Value

Published

25 minutes ago

October 26, 2026

New Microsoft-first AI orchestration platform connects industrial systems, enterprise applications, and AI agents to automate operations and accelerate AI adoption.

MONTRÉAL, Oct. 26, 2026 /PRNewswire/ — Verosoft, a Microsoft-first industrial technology company, today announced the general availability of Verovia, its AI orchestration and automation platform designed to help industrial organizations move beyond AI experimentation and put artificial intelligence to work across their operations.

Verovia connects industrial equipment, enterprise applications, and AI agents to automate processes across systems and departments. Built around the Microsoft ecosystem, the platform enables organizations to deploy AI without replacing their existing technology infrastructure.

“After more than 20 years developing enterprise asset management solutions within Microsoft Dynamics, we’re extending our expertise with The Asset Guardian (TAG) into AI orchestration and automation,” said Martin Turgeon, President of Verosoft. “We can now connect industrial data directly to AI, put information into business context, and automate processes across entire operations.”

Industrial AI Built for Results

Building on its IoT capabilities introduced in spring 2026, Verosoft brings together equipment monitoring, asset management, and AI-powered automation to help industrial organizations operate more efficiently.

In pilot projects across transportation, energy, construction, and manufacturing, Verosoft’s technologies are showing promising early results, particularly in reducing equipment downtime, accelerating data analysis, and eliminating manual data entry in specific workflows.

“AI’s real value isn’t measured by the number of agents deployed, but by the work they accomplish,” said Alexis Turgeon, Director of Innovation at Verosoft. “We’re seeing dramatic improvements in operational efficiency by connecting AI directly to business processes. Verovia makes these capabilities accessible and scalable across the industrial enterprise.”

Enterprise AI with Governance Built In

Verovia enables IT teams to manage how AI agents access information, interact with applications, and execute actions.

With Microsoft Entra ID integration, role-based permissions, approval workflows, and auditable activity records, organizations can expand automation while maintaining visibility and human oversight of critical decisions.

New Growth Opportunities for Microsoft Partners

Verovia creates opportunities for Microsoft partners to expand into industrial AI orchestration and automation.

By providing the infrastructure for connectivity, AI agents, application development, and governance, Verovia allows partners to focus on solving customer challenges rather than building an entire AI technology stack.

Microsoft Dynamics 365 and Azure partners can develop industry-specific solutions, accelerate implementations, and introduce recurring AI consulting and managed services.

See Industrial AI in Action at Convergence 2026

Verosoft will showcase real-world industrial AI use cases and measurable results at Convergence 2026, taking place December 8–11 in Miami Beach, Florida.

Availability

Verovia is available beginning October 26, 2026, with a free version that enables organizations and Microsoft partners to explore AI orchestration and automation.

About Verosoft: Propelling Industries

Verosoft is a Microsoft Solutions Partner for Business Applications and a Microsoft-first operational technology company that builds software to help industrial enterprises prevent unplanned downtime and orchestrate governed AI across their sites and systems. Its two main product lines are TAG Mobi, an enterprise asset management platform deployed in more than 150 countries, and Verovia, an AI orchestration and automation platform. Both are built on Microsoft Dynamics 365. Verosoft serves organizations ranging from single-site operators to 2,000-user enterprise deployments through a global network of more than 60 certified Microsoft partners.

Media Contact: Louis-Philippe Tremblay, Verosoft, marketing@verosoftdesign.com; www.verosoftdesign.com

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Technology

WCA and uReport Partner to Expand High School Sports Coverage Across Wyoming

Published

25 minutes ago

October 26, 2026

Customized Platform to Strengthen Association Communications and Help Wyoming Schools Access uReport at No Cost for 2026–27

CLEVELAND, Oct. 26, 2026 /PRNewswire/ — The Wyoming Coaches Association (WCA) and DistrictWON’s uReport are partnering to help coaches and schools share the stories that make Wyoming communities proud. Under a one-year agreement dated October 5, 2026, DistrictWON is providing WCA with a customized platform for WCA communications and member engagement.

WCA will share association news, coach and school stories, and member updates through its communications, events, newsletters, and social channels. DistrictWON is working with the association to shape a digital home that reflects WCA’s identity and supports ongoing communication with coaches and member schools.

The partnership also opens a no-cost opportunity for Wyoming schools. Every U.S. high school can use the full uReport platform at no cost for the 2026–27 academic year, giving Wyoming schools a way to bring more visibility to their students, teams, and programs.

A Customized Platform for the Wyoming Coaches Association

The WCA platform will be tailored to the association’s communications and member-engagement needs. It will include WCA branding, integration with the association’s website and social channels, unlimited users, security controls, and an online content library.

WCA can publish stories with photos and video, featuring coaches, teams, students, and association updates. The association can use the platform to share timely information, highlight member achievements, and keep its communications accessible through the channels coaches already follow.

“Our coaches and schools create meaningful stories every day, and many deserve a wider audience,” said Allen J. Von Eye, WCA President. “This partnership helps WCA engage members and schools showcase what makes Wyoming activities special.”

Expanding Coverage: Wyoming High Schools Have the Same Opportunity

For the 2026–27 academic year, Wyoming high schools can use the uReport custom Athletic Coverage Platform at no cost. Schools can use uReport to bring more attention to their students, teams, and programs and strengthen connections with their communities without needing added personnel.

Coaches, staff, and authorized student contributors can publish through uReport, giving students hands-on experience in journalism, media, and technology while helping schools share their programs with families and fans.

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For more information or help getting started, contact Dan McGrath, DistrictWON Customer Success, at 216-647-3857 or dmcgrath@districtwon.com

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