Pharmacy Automation Market, By Product (Dispensing Systems, Pill Sorting Machines, Labeling Machines, Packaging Machines, Inventory Management, Automated Storage and Retrieval Systems, Others), By End-user Industry (Inpatient Pharmacies (Acute Care Settings, Long Term Care Facilities), Outpatient Pharmacies (Outpatient/Fast Track Clinics, Hospital Retail Settings), Pharmacy Benefit Management Organization and Mail Order Pharmacies, Retail Pharmacies), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jan 2024

Code : CMI472

Pages :176

Formats :

Excel and PDF

Industry : Medical Devices

Market News

Recent Developments

New product launches/Investment

In March 2022, Deenova S.r.l., a supplier of combined robotic and automation solutions launched its innovative Pay-Per-Dose unit dose pharmacy automation service in the U.K. market. National Health Service, a U.K. and private hospitals in the Greater London Metropolitan Area will have access to this newly developed Pay-Per-Dose option. Deenova S.r.l. expands its market reach in England's pharmacy automation sector.
In May 2022, Tension Packaging & Automation, a provider of complete packaging and automation solutions, launched its new website (www.tensionautomation.com). The new website aims to provide consumers an intuitive and interactive online exploration experience with its revised design, features, and functionality for an increased user experience. Tension Packaging & Automation website has new dynamic menus, simple-to-navigate material, and a fresh style in addition to customer-focused content for eCommerce and pharmaceutical consumers. Customers can get in touch with Tension Packaging & Automation in a variety of ways for continuing service and support.
In March 2022, Techcon, a part of OK International and Dover and a manufacturer of precision fluid dispensing technologies, launched its new TS9800 Series Jet Valve Dispensing System, the fastest known dispensing system available. TS9800 System is comprised of TS9800 Piezo-actuated Jet Valve and TS980 Smart Controller. Unlike pneumatic jet valves and other contact dispensing systems, TS9800 Jet Valve utilizes piezo, a non-contact jetting technology for increased speed and accuracy during the dispensing process.

Acquisition and partnerships

In June 2022, BD, a medical technology company, and Frazier Healthcare Partners, a leading private equity firm that focuses exclusively on the health care sector, signed a definitive agreement. Through this agreement, BD acquired Parata Systems, an innovative provider of pharmacy automation solutions, for US$ 1.525 Bn. Parata Systems’s portfolio of innovative pharmacy automation solutions controls a growing network of pharmacies to reduce costs, enhance patient safety, and improve the patient experience. Significant macro trends such as clinician shortages, wage inflation, centralization of pharmacy services, and others boosts demand for intelligent workflow solutions.
In February 2022, Honeywell International Inc., a multinational conglomerate corporation, collaborated with Walvax Biotechnology Co., Ltd., a biotechnology company, to automate China's first digital mRNA Covid-19 Vaccine Plant. Honeywell International Inc. announced its successful work completion with Walvax Biotechnology Co., Ltd. in providing automation control solutions to achieve highly intelligent and digitized vaccine production for China's first mRNA COVID-19 vaccine production plant.