Product Code: TIPRE00010169
The Automated Compounding Systems Market was valued at approximately US$ 520.48 million in 2024 and is projected to be US$ 950.41 million by 2031, reflecting a compound annual growth rate (CAGR) of 8.0% through 2031. Key trends in the Automated Compounding Systems Market are anticipated to include strategic developments and new product launches.
Analysis of the Automated Compounding Systems Market
The growth of the automated compounding systems market is driven by the rising demand for personalized medicine, enhanced patient safety, strict regulations governing medication compounding, the efficiency and cost-effectiveness of automated systems, and growing awareness among pharmacists. Additionally, the increasing prevalence of chronic diseases has further stimulated the demand for these systems.
Overview of the Automated Compounding Systems Market
Automated compounding systems are designed to minimize medication errors that can arise from various factors, including poor communication between physicians and pharmacists, inadequate storage practices in pharmacies, and confusion caused by similar labeling. These systems enhance the accuracy and efficiency of dispensing compounded medications while also reducing healthcare professionals' exposure to hazardous substances.
Strategic Insights
Drivers and Opportunities in the Automated Compounding Systems Market
Growing Need to Reduce Medication Errors
Medication and dispensing errors are significant contributors to hospital readmissions globally. Such errors can occur at multiple levels of patient care by both medical and paramedical staff. Factors leading to medication errors include poor communication of orders between doctors and pharmacists, unsafe storage practices in pharmacies, and misunderstandings due to similar labels. Therefore, comprehensive monitoring is essential. Automated compounding systems are recognized as effective solutions to reduce these errors. Various governmental bodies are implementing measures to prevent medication errors and are developing systems to ensure proper medication delivery to patients. Consequently, the promotion of automated compounding and medication tools in pharmacies and hospitals by governments is a crucial factor driving the growth of the automated compounding systems market.
Opportunities for Automated Compounding Systems in Parenteral Nutrition
Parenteral nutrition is necessary for patients unable to meet their nutritional needs due to conditions like cancer and chronic gastrointestinal diseases. This form of nutrition is vital for many patients suffering from severe short bowel syndrome (SBS), which affects approximately 3 individuals per million annually. According to a 2020 article titled "Understanding Short Bowel Syndrome: Current Status and Future Perspectives," the prevalence of SBS has more than doubled over the past 40 years, with around 30 cases per million in the US and about 1.4 cases per million in Europe. Automated compounding systems can be utilized to produce parenteral nutrition products, often linked to specialized software that electronically transmits information regarding PN formulations. Ongoing research comparing PN formulations created by automated systems versus manual methods is expected to present growth opportunities for the automated compounding systems market.
Key segments contributing to the analysis of the Automated Compounding Systems Market include route of administration, application, and end user.
- The market is categorized by product type into gravimetric automated compounding systems and volumetric automated compounding systems, with the gravimetric segment holding the largest market share in 2023.
- By end user, the market is divided into hospitals, chemotherapy centers, and others, with hospitals representing the largest market share in 2023.
Geographical Analysis of the Automated Compounding Systems Market
The geographical scope of the Automated Compounding Systems Market report is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America leads the Automated Compounding Systems Market, driven by the rising demand for medications for chronic diseases, the presence of major market players, an increase in product launches, and the growing adoption of automated compounding systems in the US. Additionally, the rise in pharmaceutical production is boosting the demand for automated filling and packaging of medications, alongside extensive R&D efforts by academic institutions and pharmaceutical companies. Furthermore, the Asia Pacific region is expected to exhibit the highest CAGR in the coming years.
Scope of the Automated Compounding Systems Market Report
Recent Developments in the Automated Compounding Systems Market
The evaluation of the Automated Compounding Systems Market is based on qualitative and quantitative data obtained from primary and secondary research, including significant corporate publications, association data, and databases. Recent developments in the automated compounding systems market include:
- Simplivia introduced the SmartCompounders chemo automation solution, enhanced by the Chemfort Closed System Drug-Transfer Device (CSTD), which streamlines the compounding process, making it more reliable and reducing errors in medication identification and dosage. (Source: Simplivia, Company Website, 2024)
- Baxter International Inc launched the ExactaMix Pro Automated Compounder, which offers improved security, more intuitive features, and greater processing power compared to its predecessor, ExactaMix. (Source: Baxter, Company Website, 2022)
Coverage and Deliverables of the Automated Compounding Systems Market Report
The report titled "Automated Compounding Systems Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas:
- Market size and forecast at global, regional, and country levels for all key segments.
- Market dynamics, including drivers, restraints, and key opportunities.
- Future trends.
- Detailed PEST/Porter's Five Forces and SWOT analysis.
- Global and regional market analysis, highlighting key trends, major players, regulations, and recent developments.
- Industry landscape and competition analysis, including market concentration, heat map analysis, prominent players, and recent developments.
- In-depth company profiles.
Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Global Automated Compounding Systems Marketand By Product Type
- 1.3.2 Global Automated Compounding Systems Marketand By End User
- 1.3.3 Global Automated Compounding Systems Marketand By Geography
2. Automated Compounding Systems Market and Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Global Automated Compounding Systems Market and Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 Asia Pacific
- 4.2.4 Middle East and Africa
- 4.2.5 South and Central America
- 4.3 Expert Opinion
5. Automated Compounding Systems Market and Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Adoption of Chemotherapy and Personalized Medication
- 5.1.2 Rising Need to Minimize Medication Errors
- 5.2 Market Restraints
- 5.2.1 High Cost of the Automated Compounding Systems
- 5.3 Market Opportunities
- 5.3.1 Increasing Awareness in Pharmacists
- 5.4 Market Trends
- 5.4.1 Introduction of Novel Robotic Technology Automation in Compounding Systems
- 5.5 Impact Analysis
6. Automated Compounding Systems Marketand Global Analysis
- 6.1 Global Automated Compounding Systems Market Revenue Forecast and Analysis
- 6.2 Global Automated Compounding Systems Market, By Geography - Forecast and Analysis
- 6.3 Market Positioning of Key Players
- 6.4 Regulatory Scenario
7. Automated Compounding Systems Market Analysis and By Product Type
- 7.1 Overview
- 7.2 Automated Compounding Systems Market Share, by Product Type, 2024 and 2031 (%)
- 7.3 Gravimetric Automated Compounding Systems
- 7.3.1 Overview
- 7.3.2 Gravimetric Automated Compounding Systems: Automated Compounding Systems Marketand Revenue and Forecast to 2031 (US$ Million)
- 7.3.3 Gravimetric Automated Compounding Systems: Automated Compounding Systems Marketand Volume and Forecast to 2031 (Units)
- 7.4 Volumetric Automated Compounding Systems
- 7.4.1 Overview
- 7.4.2 Volumetric Automated Compounding Systems: Automated Compounding Systems Marketand Revenue and Forecast to 2031 (US$ Million)
- 7.4.3 Volumetric Automated Compounding Systems: Automated Compounding Systems Marketand Volume and Forecast to 2031 (Units)
8. Automated Compounding Systems Market Analysis and By End User
- 8.1 Overview
- 8.2 Automated Compounding Systems Market Share, by End User, 2024 and 2031 (%)
- 8.3 Hospitals
- 8.3.1 Overview
- 8.3.2 Hospitals: Automated Compounding Systems Marketand Revenue and Forecast to 2031 (US$ Million)
- 8.4 Chemotherapy Centers
- 8.4.1 Overview
- 8.4.2 Chemotherapy Centers: Automated Compounding Systems Marketand Revenue and Forecast to 2031 (US$ Million)
- 8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Automated Compounding Systems Marketand Revenue and Forecast to 2031 (US$ Million)
9. Automated Compounding Systems Market and Geographic Analysis
- 9.1 North America: Automated Compounding Systems Market
- 9.1.1 Overview
- 9.1.2 North America: Automated Compounding Systems Market - Revenue and Forecast to 2031 (USD Million)
- 9.1.3 North America: Automated Compounding Systems Market and Volume and Forecast to 2031 (Units)
- 9.1.4 North America Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.1.5 North America Automated Compounding Systems Market, by Product Type and Volume and Forecast to 2031 (Units)
- 9.1.6 North America Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.1.7 North America: Automated Compounding Systems Market, by Country, 2024 and 2031 (%)
- 9.1.8 US: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.1.8.1 US: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.1.8.1.1 US Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.1.8.1.2 US Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.1.9 Canada: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.1.9.1 Canada: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.1.9.1.1 Canada Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.1.9.1.2 Canada Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.1.10 Mexico: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.1.10.1 Mexico: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.1.10.1.1 Mexico Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.1.10.1.2 Mexico Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.2 Europe: Automated Compounding Systems Market
- 9.2.1 Overview
- 9.2.2 Europe: Automated Compounding Systems Market - Revenue and Forecast to 2031 (USD Million)
- 9.2.3 Europe: Automated Compounding Systems Market - Volume and Forecast to 2031 (USD Million)
- 9.2.4 Europe Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.2.5 Europe Automated Compounding Systems Market, by Product Type and Volume and Forecast to 2031 (Units)
- 9.2.6 Europe Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.2.7 Europe: Automated Compounding Systems Market, by Country, 2024 and 2031 (%)
- 9.2.8 Germany: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.2.8.1 Germany: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.2.8.1.1 Germany Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.2.8.1.2 Germany Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.2.9 France: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.2.9.1 France: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.2.9.1.1 France Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.2.9.1.2 France Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.2.10 United Kingdom: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.2.10.1 United Kingdom: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.2.10.1.1 UK Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.2.10.1.2 UK Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.2.11 Italy: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.2.11.1 Italy: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.2.11.1.1 Italy Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.2.11.1.2 Italy Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.2.12 Spain: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.2.12.1 Spain: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.2.12.1.1 Spain Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million
- 9.2.12.1.2 Spain Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.3 Asia Pacific: Automated Compounding Systems Market
- 9.3.1 Overview
- 9.3.2 Asia Pacific: Automated Compounding Systems Market - Revenue and Forecast to 2031 (USD Million)
- 9.3.3 Asia Pacific: Automated Compounding Systems Market - Volume and Forecast to 2031 (Units)
- 9.3.4 Asia Pacific Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.3.5 Asia Pacific Automated Compounding Systems Market, by Product Type and Volume and Forecast to 2031 (Units)
- 9.3.6 Asia Pacific Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.3.7 Asia Pacific: Automated Compounding Systems Market, by Country, 2024 and 2031 (%)
- 9.3.8 Japan: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.3.8.1 Japan: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.3.8.1.1 Japan Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million
- 9.3.8.1.2 Japan Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.3.9 China: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.3.9.1 China: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.3.9.1.1 China Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.3.9.1.2 China Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.3.10 India: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.3.10.1 India: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.3.10.1.1 India Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.3.10.1.2 India Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.3.11 South Korea: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.3.11.1 South Korea: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.3.11.1.1 South Korea Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.3.11.1.2 South Korea Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.3.12 Australia: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.3.12.1 Australia: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.3.12.1.1 Australia Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.3.12.1.2 Australia Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.4 Middle East and Africa: Automated Compounding Systems Market
- 9.4.1 Overview
- 9.4.2 Middle East and Africa: Automated Compounding Systems Market - Revenue and Forecast to 2031 (USD Million)
- 9.4.3 Middle East and Africa: Automated Compounding Systems Market - Volume and Forecast to 2031 (Units)
- 9.4.4 Middle East and Africa Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.4.5 Middle East and Africa Automated Compounding Systems Market, by Product Type and Volume and Forecast to 2031 (Units)
- 9.4.6 Middle East and Africa Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.4.7 Middle East and Africa: Automated Compounding Systems Market, by Country, 2024 and 2031 (%)
- 9.4.8 UAE: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.4.8.1 UAE: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.4.8.1.1 UAE Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.4.8.1.2 UAE Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.4.9 Saudi Arabia: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.4.9.1 Saudi Arabia: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.4.9.1.1 Saudi Arabia Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.4.9.1.2 Saudi Arabia Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.4.10 South Africa: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.4.10.1 South Africa: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.4.10.1.1 South Africa Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.4.10.1.2 South Africa Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.5 South and Central America: Automated Compounding Systems Market
- 9.5.1 Overview
- 9.5.2 South and Central America: Automated Compounding Systems Market - Revenue and Forecast to 2031 (USD Million)
- 9.5.3 South and Central America: Automated Compounding Systems Market - Volume and Forecast to 2031 (Units)
- 9.5.4 South and Central America Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.5.5 South and Central America Automated Compounding Systems Market, by Product Type and Volume and Forecast to 2031 (Units)
- 9.5.6 South and Central America Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.5.7 South and Central America: Automated Compounding Systems Market, by Country, 2024 and 2031 (%)
- 9.5.8 Brazil: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.5.8.1 Brazil: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.5.8.1.1 Brazil Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.5.8.1.2 Brazil Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
- 9.5.9 Argentina: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.5.9.1 Argentina: Automated Compounding Systems Market and Revenue and Forecast to 2031 (USD Million)
- 9.5.9.1.1 Argentina Automated Compounding Systems Market, by Product Type and Revenue and Forecast to 2031 (USD Million)
- 9.5.9.1.2 Argentina Automated Compounding Systems Market, by End User and Revenue and Forecast to 2031 (USD Million)
10. Impact of COVID-19 Pandemic on Global Automated Compounding Systems Market
- 10.1 North America: Impact Assessment of COVID-19 Pandemic
- 10.2 Europe: Impact Assessment of COVID-19 Pandemic
- 10.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
- 10.4 Rest of World: Impact Assessment of COVID-19 Pandemic
11. Automated Compounding Systems Market andIndustry Landscape
- 11.1 Overview
- 11.2 Growth Strategies in the Automated Compounding Systems Market, 2017-2020
- 11.3 Inorganic Growth Strategies
- 11.4 Organic Growth Strategies
12. Company Profiles
- 12.1 Baxter International Inc.
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Braun Melsungen AG
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Developments
- 12.3 Comecer
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 ICU MEDICAL INC.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Grifols, S.A.
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 OMNICELL INC.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 EQUASHIELD
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 ARxIUM
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Weibond Technology
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 NewIcon
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index