Middle East and Africa Pharmacy Automation Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Automated Medication Dispensing Systems, Automated Packaging & Labeling Systems, Automated Storage & Retrieval Systems, Automated Compounding Devices, and Tabletop Tablet Counters) and End User (Hospital Pharmacy, Retail Pharmacy, and Others)
Market Introduction
The pharmacy automation involves mechanization of tasks and processes performed in pharmacy or other health care settings. The objective is to reduce errors in medical prescriptions and optimize patient safety. Also, automation systems can help pharmacies streamline the workflow, reduce the risk of mistakes, and improve direct patient-care activities.
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Market Overview and Dynamics
The Middle East and Africa pharmacy automation equipment market is expected to reach US$ 226.21 million by 2028 from US$ 143.38 million in 2021; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028. The market growth is attributed to the factors such as increasing demand for upgraded healthcare services and rising technological developments in automation equipment. However, the reluctance to adopt pharmacy automation systems by healthcare professionals is expected to be restrain the market growth.
According to estimates by United Nations report 2019, the number of geriatric persons (60+) is expected to double by 2050 in Middle East. The demand for healthcare services is increasing in the region owing to surging geriatric population and increasing prevalence of chronic diseases. Therefore, hospitals are struggling to keep up owing to the labour shortages. Pharmacy and nursing staff require modern technology tools to perform their jobs efficiently without compromising on patient safety or care quality. The automated medication dispensing systems reduce workloads and add a higher level of security, tracking, and accountability. Also, the companies operating in the pharmaceutical market are adopting organic and inorganic growth strategies to increase their market share across Middle East and Africa. In addition, artificial intelligence (AI) and machine learning (ML) are also providing exciting opportunities for the pharmacy automation equipment market. Technological advancements and integration of AI are expected to drive the adoption of pharmacy automation equipment during the forecast period.
The COVID-19 outbreak has shown substantial effects on Middle East and Africa. The region has recorded an increasing number of COVID-19 patients who are being admitted to intensive care units (ICU). Also, the rising number of medications are imposing multiple diagnostic and therapeutic challenges on stressed healthcare systems and is leading to rise in medication errors. Thus, rising ICU admissions during the outbreak are boosting the growth of the pharmacy automatic equipment market in Middle East and Africa.
Key Market Segments
The Middle East and Africa pharmacy automation equipment market, by type, is segmented into automated medication dispensing systems, automated packaging & labelling systems, automated storage & retrieval systems, automated compounding devices, and tabletop tablet counters. The automated medication dispensing systems segment held the largest share of the market in 2020, whereas the automated compounding devices segment is anticipated to register the highest CAGR in the market during the forecast period.
By end user, the Middle East and Africa pharmacy automation equipment market is segmented into hospital pharmacy, retail pharmacy, and others. The hospital pharmacy segment held the largest share of the market in 2020, whereas the retail pharmacy segment is estimated to register the highest CAGR in the market during the forecast period.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the Middle East and Africa pharmacy automation equipment market are Gulf Cooperation Council (GCC), World Travel & Tourism Council (WTTC) and Ministry of Health and Social Services (MoHSS).
Reasons to buy the report
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MIDDLE EAST AND AFRICA PHARMACY AUTOMATION EQUIPMENT MARKET SEGMENTATION
By Type
- Automated Medication Dispensing Systems
- Automated Packaging & Labeling Systems
- Automated Storage & Retrieval Systems
- Automated Compounding Devices
- Tabletop Tablet Counters
By End User
- Hospital Pharmacy
- Retail Pharmacy
- Others
By Country
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Company Profiles
- Baxter International Inc.
- Capsa Healthcare
- OMNICELL INC.
- Cerner Corporation
- MCKESSON CORPORATION
- BD
- Talyst LLC (Swisslog Healthcare)
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East and Africa Pharmacy Automation Equipment Market – By Type
1.3.2 Middle East and Africa Pharmacy Automation Equipment Market – By End User
1.3.3 Middle East and Africa Pharmacy Automation Equipment Market– By Country
2. Pharmacy Automation Equipment Market– Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East and Africa Pharmacy Automation Equipment Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 MEA PEST Analysis
4.3 Expert Opinion
5. Pharmacy Automation Equipment Market– Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Medication Errors
5.1.2 Increasing Demand for Healthcare Services
5.2 Market Restraints
5.2.1 Problems Associated with Automated Dispensing Systems
5.3 Market Opportunities
5.3.1 Emerging Markets
5.4 Future Trends
5.4.1 Technological Developments
5.5 Impact Analysis
6. Pharmacy Automation Equipment Market– Middle East and Africa Analysis
6.1 Middle East and Africa Pharmacy Automation Equipment Market Revenue Forecast and Analysis
7. Pharmacy Automation Equipment Market Analysis – By Type
7.1 Overview
7.2 Pharmacy Automation Equipment Market Revenue Share, by Type (2020 and 2028)
7.3 Automated Medication Dispensing Systems
7.3.1 Overview
7.3.2 Automated Medication Dispensing Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Automated Storage & Retrieval Systems
7.4.1 Overview
7.4.2 Automated Storage & Retrieval Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Automated Packaging & Labelling Systems
7.5.1 Overview
7.5.2 Automated Packaging & Labelling Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Tabletop Tablet Counters
7.6.1 Overview
7.6.2 Tabletop Tablet Counters: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Automated Compounding Devices
7.7.1 Overview
7.7.2 Automated Compounding Devices: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8. Pharmacy Automation Equipment Market – By End-User
8.1 Overview
8.2 Pharmacy Automation Equipment Market, by End-User, 2020 and 2028 (%)
8.3 Hospital Pharmacy
8.3.1 Overview
8.3.2 Hospital Pharmacy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028(US$ Million)
8.4 Retail Pharmacy
8.4.1 Overview
8.4.2 Retail Pharmacy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9. Pharmacy Automation Equipment Market Analysis and Forecasts To 2028 – Middle East and Africa Analysis
9.1 Middle East and Africa: Pharmacy Automation Equipment Market
9.1.1 Overview
9.1.2 Middle East and Africa: Pharmacy Automation Equipment Market, by Country, 2020 & 2028 (%)
9.1.3 UAE: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.1 UAE: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.3.2 UAE: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Millions)
9.1.3.3 UAE: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.1.4 Saudi Arabia: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.1 Saudi Arabia: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.4.2 Saudi Arabia: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Millions)
9.1.4.3 Saudi Arabia: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.1.5 South Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.1 South Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.2 South Africa: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Millions)
9.1.5.3 South Africa: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.1.6 Rest of Middle East and Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.6.1 Rest of Middle East and Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2 Rest of Middle East and Africa Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.1.6.3 Rest of Middle East and Africa: Pharmacy Automation Equipment Market, by End-User, 2019–2028 (USD Million)
10. Impact Of COVID-19 Pandemic on Middle East and Africa Pharmacy Automation Equipment Market
10.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11. Pharmacy Automation Equipment Market– Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Talyst LLC (Swisslog Healthcare)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Baxter International Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Capsa Healthcare
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 OMNICELL INC.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Cerner Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 MCKESSON CORPORATION
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 BD
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. UAE Pharmacy Automation Equipment Market, by Type– Revenue and Forecast to 2028 (USD Millions)
Table 2. UAE Pharmacy Automation Equipment Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 3. Saudi Arabia Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Millions)
Table 4. Saudi Arabia Pharmacy Automation Equipment Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 5. South Africa Pharmacy Automation Equipment Market, by Type– Revenue and Forecast to 2028 (USD Millions)
Table 6. South Africa Pharmacy Automation Equipment Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of Middle East and Africa Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of Middle East and Africa Pharmacy Automation Equipment Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 9. Organic Developments Done by Companies
Table 10. Inorganic Developments Done by Companies
Table 11. Glossary of Terms, Pharmacy Automation Equipment Market
LIST OF FIGURES
Figure 1. Pharmacy Automation Equipment Market Segmentation
Figure 2. Pharmacy Automation Equipment Segmentation, By Country
Figure 3. Middle East and Africa Pharmacy Automation Equipment Market Overview
Figure 4. Automated Medication Dispensing Systems Held Largest Share of Type Segment in Pharmacy Automation Equipment Market
Figure 5. UAE to Show Remarkable Growth During Forecast Period
Figure 6. MEA: PEST Analysis
Figure 7. Pharmacy Automation Equipment Market Impact Analysis of Drivers and Restraints
Figure 8. Middle East and Africa Pharmacy Automation Equipment Market– Revenue Forecast and Analysis – 2020- 2028
Figure 9. Pharmacy Automation Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 10. Automated Medication Dispensing Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Automated Storage & Retrieval Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Automated Packaging & Labeling Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Tabletop Tablet Counters: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Automated Compounding Devices: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Pharmacy Automation Equipment Market, by End-User, 2020 and 2028 (%)
Figure 16. Hospital Pharmacy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Retail Pharmacy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Middle East and Africa: Pharmacy Automation Equipment Market, by Key Country – Revenue (2020) (USD Million)
Figure 20. Middle East and Africa: Pharmacy Automation Equipment Market, by Country, 2020 & 2028 (%)
Figure 21. UAE: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 22. Saudi Arabia: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 23. South Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 24. Rest of Middle East and Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 25. Impact Of COVID-19 Pandemic in Middle East and Africa Market
- Baxter International Inc.
- Capsa Healthcare
- OMNICELL INC.
- Cerner Corporation
- MCKESSON CORPORATION
- BD
- Talyst LLC (Swisslog Healthcare)
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- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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