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3. Becton, Dickinson and Company (BD) (US) and Yuyama Co., Ltd/Yuyama Mfg Co., Ltd (Japan) are Leading Players in the Asia Pacific Pharmacy Automation Market

The global Asia Pacific pharmacy automation market is projected to reach USD 763 million by 2028 from USD 496 million in 2023, at a CAGR of 9.0% during the forecast period. Factors such the growing need to minimize medication errors, rapid decentralization of pharmacies, rising geriatric population leading to increased adoption of automated dispensing systems. However, the high costs of implementing pharmacy automation systems and stringent regulations that delay product launches can inhibit the growth of this market.

Prominent players in the Asia Pacific pharmacy automation market include BD (US), Yuyama Co., Ltd/Yuyama Mfg Co., Ltd (Japan), Omnicell, Inc. (US), KUKA AG (Swisslog Healthcare) (Germany), TOSHO Co, Inc. (Japan), Oracle Corporation (US), TouchPoint Medical Solutions (US), Takazono Corporation (Japan), Capsa Healthcare (US), ARxIUM, Inc. (US), Mckesson Corporation (US), ATS Corporation (Canada), ScriptPro LLC (US), Hanmi Pharma Co., Ltd. (South Korea), NIHON CHOUZAI Co., Ltd. (Japan), and GETECH (Singapore). These companies adopted strategies such as product launches, expansions, agreements, partnerships, collaborations, and acquisitions to strengthen their market presence in the Asia Pacific pharmacy automation market.

To know about the assumptions considered for the study download the pdf brochure

Becton, Dickinson and Company (BD) (US) is a leading player in the Asia Pacific pharmacy automation market. The company offers a wide range of products, including automated medication systems, storage systems, and packaging & dispensing systems. The company also provides medication workflow solutions and software for automated medication dispensing. Over the years, the company has maintained its leading position in the market through continuous innovation and manufacturing of high-quality pharmacy automation products. BD invested USD 1.26 billion in R&D in 2022. The company offers its products to a wide range of end users. BD has a strong presence in Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. BD markets its products through independent distribution channels and directly to end users through independent sales representatives. Moreover, with its strong geographic presence, wide distribution network, and brand recognition, the company has established itself as a leader in the Asia Pacific market.

Yuyama Co., Ltd/Yuyama Mfg Co., Ltd: Yuyama is the second leading player in the Asia Pacific pharmacy automation market (2022). Yuyama offers a wide range of automated pharmacy solutions under various categories—drug dispensing robots, dispensing inspection systems, injection drug dispensing systems, tablet packaging machines, dividing packaging machines, tablet-counting machines, and the Yuyama Residential Series. Over the years, the company has gained a greater market share by expanding its geographic reach. Yuyama mainly focuses on enhancing its business through product development & partnerships. The company’s growth strategy for pharmacy automated systems mainly concentrates on making its products available in different markets such as Japan, Taiwan, Hong Kong, and the US directly and in other markets through distributors. Its wide portfolio and focus on development & enhancement have given it a competitive advantage over other players in the Asia Pacific market.

Related Reports:

Asia Pacific Pharmacy Automation Market by Product Type (Dispensing, Storage - Robotic, Carousel, Cabinet), Packaging & Labelling, Table top, Medication Compounding, End user (Inpatient, Outpatient, Hospital Retail, PBM, Mail-order) - Forecast to 2028

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