Market Size of Central Fill Pharmacy Automation Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.71 Billion |
| Market Size (2029) | USD 1.22 Billion |
| CAGR (2024 - 2029) | 11.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players/central-fill-pharmacy-automation-market---growth,-trends,-and-forecast-(2020-–-2025)_CFP_MP.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Central Fill Pharmacy Automation Market Analysis
The Central Fill Pharmacy Automation Market size is estimated at USD 0.71 billion in 2024, and is expected to reach USD 1.22 billion by 2029, growing at a CAGR of 11.32% during the forecast period (2024-2029).
The major factors attributing to the increased adoption of central fill pharmacies in recent years include growth inthe global prevalence of various cancers, immunological disorders, necessitating the automated dispense of specialty drugs with reduced medication errors and increasing unintentional injuries in geriatric population demands the fastest and accurate supply of medication. For instance, according to the World Health Organization Report - 2018, about 28-35% of people aged 65 and over, fall each year increasing to 32-42% for those over 70 years of age, which is expected to rise in the forecast period fueling the market. Moreover, the reduction of labor costs with the adoption of automation is likelyto drive the growth of the central fill pharmacy automation market throughout the forecast period.
