Global Automated Compounding Systems Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Technology;

Gravimetric Automated Compounding Systems and Volumetric Automated Compounding Systems.

By Dosage Form;

Oral Solid Dosage Forms, Parenteral Dosage Forms, and Others.

By End User;

Hospitals, Chemotherapy Centers, and Pharmacies.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn142335434 Published Date: November, 2024 Updated Date: December, 2024

Introduction

Global Automated Compounding Systems Market (USD Million), 2020 - 2030

In the year 2023, the Global Automated Compounding Systems Market was valued at USD 515.30 million. The size of this market is expected to increase to USD 789.26 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.

The Global Automated Compounding Systems Market is experiencing significant growth driven by the increasing demand for precision and efficiency in the preparation of compounded medications. Automated compounding systems are designed to streamline the compounding process in pharmacies and healthcare settings, ensuring accuracy in the mixing and preparation of drugs. These systems enhance productivity by reducing manual labor, minimizing errors, and ensuring consistency in the final product, which is crucial for patient safety and therapeutic efficacy.

The market include the rising prevalence of chronic diseases, an aging population, and the increasing complexity of drug therapies. As personalized medicine and tailored treatments gain prominence, the need for accurate and efficient compounding solutions becomes more critical. Automated systems provide a reliable solution by incorporating advanced technologies such as robotics, software integration, and real-time monitoring, which collectively improve the accuracy and speed of drug preparation processes. This technological advancement is particularly beneficial in settings requiring high-volume production and precision, such as hospitals, compounding pharmacies, and long-term care facilities.

Regulatory requirements and guidelines aimed at ensuring the safety and quality of compounded medications are driving the adoption of automated compounding systems. Health authorities worldwide, including the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), emphasize the importance of stringent standards in compounding practices to prevent contamination and ensure dosage accuracy. As a result, healthcare providers are increasingly investing in automated compounding technologies to comply with these regulations and improve patient outcomes. The growing awareness of the benefits offered by automated compounding systems, coupled with technological advancements and regulatory support, positions the market for continued growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Dosage Form
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Automated Compounding Systems Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Incidence of Chronic Diseases
        2. Growth in Healthcare Expenditure
        3. Advancements in Automation Technologies
        4. Need for Enhanced Medication Safety
      2. Restraints
        1. Regulatory Compliance Requirements
        2. Limited Awareness in Developing Regions
        3. Technical Challenges and System Integration Issues
        4. Dependence on Skilled Personnel
      3. Opportunities
        1. Integration with Electronic Health Records (EHR)
        2. Development of Portable and Compact Systems
        3. Innovations in Personalized Medicine
        4. Collaboration with Pharmaceutical Companies and Hospitals
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automated Compounding Systems Market, By Technology, 2020 - 2030 (USD Million)
      1. Gravimetric Automated Compounding Systems
      2. Volumetric Automated Compounding Systems
    2. Global Automated Compounding Systems Market, By Dosage Form, 2020 - 2030 (USD Million)
      1. Oral Solid Dosage Forms
      2. Parenteral Dosage Forms
      3. Others
    3. Global Automated Compounding Systems Market, By End User, 2020 - 2030 (USD Million))
      1. Hospitals
      2. Chemotherapy Centers
      3. Pharmacies
    4. Global Automated Compounding Systems Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Baxter Healthcare Corporation
      2. ICU Medical
      3. Omnicell
      4. Grifols International
      5. S.A Equashield
      6. B. Braun Medical Inc
      7. Intelligent Hospital
  7. Analyst Views
  8. Future Outlook of the Market