Report : Europe Outpatient Central Fulfillment Market Forecast to 2030 - Regional Analysis - by Product Type (Automated Medication Dispensing Systems, Automated Packaging and Labelling Systems, Automated Tabletop Counters, Automated Storage and Retrieval Systems, and Others) and End User (Hospital Pharmacies, Retail Pharmacies, and Mail-Order Pharmacies)
At 11.4% CAGR, Europe Outpatient Central Fulfillment Market is Projected to be Worth US$ 205.88 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Europe outpatient central fulfillment market was valued at US$ 87.04 million in 2022 and is expected to reach US$ 205.88 million by 2030, registering a CAGR of 11.4% from 2022 to 2030. Rising aging population and risk of medication errors is among the critical factors attributed to the Europe outpatient central fulfillment market expansion.
The aging population is a key to advancements in the healthcare sector. Thus, the growing aging population is anticipated to serve vital growth opportunity 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 an exponential rise in demand for elderly care and medicines in the coming years. An upsurge in life expectancy worldwide has also led 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, implementing automated pharmacy systems has triggered adult medication adherence. With such features, the adoption of automated pharmacy systems is expected to grow.
On the contrary, high capital requirements and problems associated with automation system operations hurdles the growth of Europe outpatient central fulfillment market.
Based on product type, the Europe outpatient central fulfillment market is categorized into automated medication dispensing systems, automated packaging and labelling systems, automated tabletop counters, automated storage and retrieval systems, and others. The automated medication dispensing systems segment held 32.6% share of Europe outpatient central fulfillment market in 2022, amassing US$ 28.37 million. It is projected to garner US$ 71.11 million by 2030 to expand at 12.2% CAGR during 2022-2030.
In terms of end user, the Europe outpatient central fulfillment market is categorized into hospital pharmacies, retail pharmacies, and mail-order pharmacies. The hospital pharmacies segment held 54.1% share of Europe outpatient central fulfillment market in 2022, amassing US$ 47.08 million. It is projected to garner US$ 115.45 million by 2030 to expand at 11.9% CAGR during 2022-2030.
Based on country, the Europe outpatient central fulfillment market has been categorized into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 28.9% share of Europe outpatient central fulfillment market in 2022. It was assessed at US$ 25.19 million in 2022 and is likely to hit US$ 62.17 million by 2030, exhibiting a CAGR of 12.0% during 2022-2030.
Key players operating in the Europe outpatient central fulfillment market are Becton Dickinson and Co; Capsa Solutions, LLC; Cardinal Health Inc; McKesson Corp; and Omnicell Inc, among others.
- In March 2022, Omnicell Inc announced the launch of Specialty Pharmacy Services. The services are dedicated to setting up, operating, and optimizing a specialty pharmacy program. Specialty Pharmacy Services is a complete program created to assist health institutions with establishing and maintaining a hospital-owned, fully managed specialty pharmacy.
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