Global Central Fill Pharmacy Automation Market is expected to rise to an estimated value of USD 821.64 million by 2026 registering a healthy CAGR in the forecast period of 2019-2026. This rise in the market value can be attributed to the rising specialty drugs being dispensed by central fill pharmacies and the rising need to reduce medication errors.
Central fill pharmacy automation is the completely automated pharmacy dispensing system that minimizes the need for manual/human labor by managing the entire inventory systems through machines and robots. There is no involvement of humans in numbering, counting, collecting, and filling the pharmaceutical drugs and medicines. It is adopted in pharmaceutical industries, hospitals, pharmacies. The use of central fill pharmacy automation reduces the errors in operations, optimizes efficiency and ensures quick operations.
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Key Market Competitors: Global Central Fill Pharmacy Automation Market
Few of the major market competitors currently working in the central fill pharmacy automation market are ARxIUM, RxSafe, Llc, TCGRx, McKesson Corporation, Omnicell, Inc., Innovation Associates, Tension Packaging & Automation., Cornerstone Automation Systems, LLC., Quality Manufacturing Systems, Inc., www.rx30.com., Skledar Enterprises Inc., Parata Systems, Capstone Consultants LLC. and Providen Logistics Ltd. amongst others.
Market Drivers
• Rising interest in specialized drugs and their demand which would accelerate the growth of this market
• The rising need to reduce the cost of labor by replacing them with automated machines and devices
• The urge and necessity to reduce treatment defects and errors
• Increase in the number of patients due to unhealthy lifestyle
• Technological advancements and increased expenditure in research and development would foster the growth of this market.
Market Restraints
• High cost of acquisition and installation of equipment’s
• Challenges pertaining to maintenance of logistics would hinder the growth of this market
Table of Content:

Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Central Fill Pharmacy Automation Market Landscape
Part 04: Global Central Fill Pharmacy Automation Market Sizing
Part 05: Global Central Fill Pharmacy Automation Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Segmentation: Central Fill Pharmacy Automation Market
• By Product & Service
o Equipment
 Automated Medication Dispensing System
 Integrated Workflow Automation Systems
 Automated Packaging & Labeling Systems
 Automated Tabletop Counters
 Automated Medication Compounding Systems
 Automated Storage & Retrieval Systems
 Others
o Software
o Services
• By Vendors
o Equipment Vendors
o Consulting Vendors
• By Geography
o North America
 US
 Canada
 Mexico
o South America
 Brazil
 Argentina
 Rest of South America
o Europe
 Germany
 France
 United Kingdom
 Italy
 Spain
 Russia
 Turkey
 Belgium
 Netherlands
 Switzerland
 Rest of Europe
o Asia-Pacific
 Japan
 China
 South Korea
 India
 Australia
 Singapore
 Thailand
 Malaysia
 Indonesia
 Philippines
 Rest of Asia Pacific
o Middle East & Africa
 South Africa
 Egypt
 Saudi Arabia
 United Arab Emirates
 Israel
 Rest of Middle East & Africa
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Key Developments in the Market:
• In December 2018, TCGRx acquired Parata Systems, a pioneer in pharmacy automation solutions. With this combination of the experts in pharmacy automation and advanced technology, the companies would expand their existing growth by focusing to provide autonomous pharma solutions and would strive to be the global leaders in pharmacy automation.
• In November 2018, ARxIUM launched cGMP RIVA IV Compounding system for 503B central fill and hospital facilities. It is a completely automated system that provides syringes and IV bags with the maximum level of reliability, safety, quality and trust with proper monitoring. cGMP RIVA IV enables users to safely manufacture a large variety of medications, and at the same time ensure environmental safety and control. This is the only fully automated cGMP available in the market, and thus would gain momentum due to its advanced technology and features that cater it to work independently. This system would ensure maximum quality thereby ensuring satisfaction to its users, and thus would increase the overall demand for central fill pharmacy automation globally.
Competitive Analysis: Global Central Fill Pharmacy Automation Market
Global central fill pharmacy automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of central fill pharmacy automation market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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