North America 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)
The North America outpatient central fulfillment market was valued at US$ 152.56 million in 2022 and is expected to reach US$ 350.50 million by 2030; it is estimated to record a CAGR of 11.0% from 2022 to 2030.
Automation in Pharmacies Drives North America Outpatient Central Fulfillment Market
Pharmacy automation has become one of the most flourishing segments of the healthcare sector. The automation technology can improve patient care and increase efficiency by automating pharmacy tasks and processes. According to a study by Visionary Insights, automation in pharmacies was predicted to increase by 22% each year through 2021. This rise can be attributed to the growing need for precise and efficient dispensing, and the increasing number of specialty medication dispensing operations. A study by Oracle Cerner states that the automated dispensing of specialty medications was one of the most performed tasks in pharmacies. The study also states that pharmacy automation can improve accuracy (and reduce errors), speed up the process, and improve patient care. Pharmacists also adopt technologies to automate certain other tasks than dispensing, e.g., inventory management. Automated inventory systems can help pharmacies track and manage their inventory more accurately.
Leading pharmacy automation system vendors continuously focus on developing and introducing their innovations. In February 2021, Omnicell Inc. announced the launch of its Medimat, a next-generation, automated dispensing system for retail pharmacies. It has been built for improved patient safety, efficient time utilization, and financial savings. Similarly, in August 2021, innovative Aspirations (iA), a commercial provider of software-enabled pharmacy fulfillment and automation solutions, launched three solutions integrated with Medimat's NEXiA technology to manage the fulfillment of prescribed medicines centrally. iA has also introduced SmartPod, a next-generation robot with a modular autofill unit. SmartPod allows pharmacy providers to adjust and scale their centralized fulfillment solutions. Thus, the growing adoption of automation in pharmacies with the introduction of next-generation automated systems fuels the growth of the outpatient central fulfillment market.
North America Outpatient Central Fulfillment Market Overview
The outpatient central fulfillment market in the US is growing mainly with the rising medication errors and surging demand for pharmaceutical products. An increased patient population in the US indicates a large number of patients taking multiple medicines daily. Patients who take multiple medications are at an increased risk of medication errors, which can cause health risks in patients. Therefore, healthcare organizations rely on modern technologies such as automation systems to avoid medication errors. As a result, the demand for precise robotic equipment and tools to perform tasks faster are expected to be the key factors for market growth. According to Zippia, in 2021 the pharmaceutical industry in the US generated US$ 55 billion, accounting to 48% of the global pharmaceutical market. Thus, the US dominated the pharmaceutical market, exhibiting a growing trend in demand and drug development.
North America Outpatient Central Fulfillment Market Revenue and Forecast to 2030 (US$ Million)
North America Outpatient Central Fulfillment Market Segmentation
The North America outpatient central fulfillment market is segmented based on product type, end user, and country. Based on product type, the North America outpatient central fulfillment market is segmented 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 the largest market share in 2022.
In terms of end user, the North America outpatient central fulfillment market is categorized into hospital pharmacies, retail pharmacies, and mail-order pharmacies. The hospital pharmacies segment held the largest market share in 2022.
Based on country, the North America outpatient central fulfillment market is segmented into the US, Canada, and Mexico. The US dominated the North America outpatient central fulfillment market share in 2022.
Tension Envelope Corp, ScriptPro LLC, Cardinal Health Inc, Omnicell Inc, Becton Dickinson and Co, RxSafe LLC, Custom Health Inc, Capsa Solutions LLC, Surescripts LLC, and McKesson Corp are some of the leading players operating in the North America outpatient central fulfillment market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Outpatient Central Fulfillment Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. North America Outpatient Central Fulfillment Market - Key Market Dynamics
5.1 Outpatient Central Fulfillment Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Automation in Pharmacies
5.2.2 Risk of Medication Errors
5.3 Market Restraints
5.3.1 High Capital Requirements and Problems Associated with Automation System Operations
5.4 Market Opportunities
5.4.1 Rising Aging Population
5.5 Future Trends
5.5.1 Growth Strategies by Companies and Use of Artificial Intelligence
5.6 Impact Analysis:
6. Outpatient Central Fulfillment Market - North America Market Analysis
6.1 Overview
6.2 Outpatient Central Fulfillment Market Revenue (US$ Million), 2022-2030
7. North America Outpatient Central Fulfillment Market Analysis - by Product Type
7.1 Overview
7.2 Outpatient Central Fulfillment Market Revenue Share, by Product Type 2022 & 2030 (%)
7.3 Automated Medication Dispensing Systems
7.3.1 Overview
7.3.2 Automated Medication Dispensing Systems: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Automated Packaging and Labelling Systems
7.4.1 Overview
7.4.2 Automated Packaging and Labelling Systems: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Automated Tabletop Counters
7.5.1 Overview
7.5.2 Automated Tabletop Counters: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
7.6 Automated Storage and Retrieval Systems
7.6.1 Overview
7.6.2 Automated Storage and Retrieval Systems: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
8. North America Outpatient Central Fulfillment Market Analysis - by End User
8.1 Overview
8.2 Outpatient Central Fulfillment Market Revenue Share, by End User 2022 & 2030 (%)
8.3 Hospital Pharmacies
8.3.1 Overview
8.3.2 Hospital Pharmacies: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Retail Pharmacies
8.4.1 Overview
8.4.2 Retail Pharmacies: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Mail-Order Pharmacies
8.5.1 Overview
8.5.2 Mail-Order Pharmacies: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
9. North America Outpatient Central Fulfillment Market - Country Analysis
9.1 North America Outpatient Central Fulfillment Market
9.1.1 North America: Outpatient Central Fulfillment Market - Revenue and Forecast Analysis - by Country
9.1.1.1 US
9.1.1.1.1 Overview
9.1.1.1.2 US: Outpatient Central Fulfillment Market Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.3 US: Outpatient Central Fulfillment Market Breakdown, by Product Type
9.1.1.1.4 US: Outpatient Central Fulfillment Market Breakdown, by End User
9.1.1.2 Canada
9.1.1.2.1 Overview
9.1.1.2.2 Canada: Outpatient Central Fulfillment Market Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.3 Canada: Outpatient Central Fulfillment Market Breakdown, by Product Type
9.1.1.2.4 Canada: Outpatient Central Fulfillment Market Breakdown, by End User
9.1.1.3 Mexico
9.1.1.3.1 Overview
9.1.1.3.2 Mexico: Outpatient Central Fulfillment Market Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.3 Mexico: Outpatient Central Fulfillment Market Breakdown, by Product Type
9.1.1.3.4 Mexico: Outpatient Central Fulfillment Market Breakdown, by End User
10. Outpatient Central Fulfillment Market-Industry Landscape
10.1 Overview
10.2 Growth Strategies in the Outpatient Central Fulfillment Market
10.3 Inorganic Growth Strategies
10.3.1 Overview
10.4 Organic Growth Strategies
10.4.1 Overview
11. Company Profiles
11.1 Tension Envelope Corp
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ScriptPro LLC
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Cardinal Health Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Omnicell Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Becton Dickinson and Co
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 RxSafe LLC
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Custom Health Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Capsa Solutions LLC
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Surescripts LLC
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 McKesson Corp
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
List of Tables
Table 1. Outpatient Central Fulfillment Market Segmentation
Table 2. List of Vendors
Table 3. US: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030(US$ Million) - by Product Type
Table 4. US: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030(US$ Million) - by End User
Table 5. Canada: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030(US$ Million) - by Product Type
Table 6. Canada: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030(US$ Million) - by End User
Table 7. Mexico: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030(US$ Million) - by Product Type
Table 8. Mexico: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030(US$ Million) - by End User
Table 9. Recent Inorganic Growth Strategies in the Outpatient Central Fulfillment Market
Table 10. Recent Organic Growth Strategies in the Outpatient Central Fulfillment Market
Table 11. Glossary of Terms, Outpatient Central Fulfillment Market
List of Figures
Figure 1. Outpatient Central Fulfillment Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis
Figure 4. Outpatient Central Fulfillment Market Revenue (US$ Million), 2022 - 2030
Figure 5. Outpatient Central Fulfillment Market Share (%) - by Product Type (2022 and 2030)
Figure 6. Automated Medication Dispensing Systems: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
Figure 7. Automated Packaging and Labelling Systems: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. Automated Tabletop Counters: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Automated Storage and Retrieval Systems: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. Others: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Outpatient Central Fulfillment Market Share (%) - by End User (2022 and 2030)
Figure 12. Hospital Pharmacies: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Retail Pharmacies: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. Mail-Order Pharmacies: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. North America Outpatient Central Fulfillment Market, by Key Country - Revenue 2022 (US$Mn)
Figure 16. North America: Outpatient Central Fulfillment Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 17. US: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030(US$ Million)
Figure 18. Canada: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030(US$ Million)
Figure 19. Mexico: Outpatient Central Fulfillment Market - Revenue and Forecast to 2030(US$ Million)
Figure 20. Growth Strategies in the Outpatient Central Fulfillment Market
1. Tension Packaging and Automation
2. ScriptPro LLC
3. Cardinal Health Inc
4. Omnicell Inc
5. Becton Dickinson and Co
6. RxSafe LLC
7. Custom Health Inc
8. Capsa Solutions, LLC
9. Surescripts LLC
10. McKesson Corp
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America outpatient central fulfillment market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America outpatient central fulfillment market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America outpatient central fulfillment market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.