Global automateddispensing machines market size is anticipated to reach USD 5.5 billion by 2024. Automatic pill dispenser machines are intended to dispense various pills autonomously according to the user-defined time and dose specifications. They support dispensing correct dose and medication, for the patients with composite medication regime and with untimely memory loss.
The
factors that propel the growth of the automated dispensing machine market
include a rise in incidence and occurrence of diseases, growth of the aged
population, surge in the number of medications. On the other hand, there are
factors that may hamper the growth of the market including the high
installation cost of large automatic pill dispenser machines. Automated
dispensing machines industry is anticipated to expand at a significant CAGR of
7% in the upcoming period as the scope, product types, and its applications are
increasing across the globe.
Automated
dispensing machines market could be explored by type, operation, application,
and geography. The market could be explored by type as Decentralized Automated
Dispensing Systems and Centralized Automated Dispensing Systems. The
“Centralized automated dispensing systems” segment led the automated dispensing
machine industry in 2016 and is anticipated to maintain its dominance by 2024.
The key factors that could be attributed to the growth of market includes an
increase in acceptance of automatic pill dispenser in hospitals and other
health care services for an effective workflow.
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The
automated dispensing machine market could be explored based on the operation as
Decentralized Pharmacy and Centralized Pharmacy. The key applications that
could be explored in the automated dispensing machines industry include Retail
Pharmacy, Hospital Pharmacy, and Home Healthcare. The “Hospital Pharmacy”
segment led the market of automated dispensing machine in 2017 and is
anticipated to maintain its dominance by 2024. The key factors that may be
attributed to the growth of market includes an increase in the occurrence of
trauma and diseases cases in hospitals.
North
America accounted for the major market share of automated dispensing machines
in 2016 and will continue to lead in the forecast period. The factors that
could be attributed to the growth include growth in the prevalence of chronic
and infectious diseases, the increase in a pool of the patient population, an
increase in government investments for the development of improved healthcare
services and R&D. North America is followed by Europe and Asia-Pacific
region owing to the attention of key players in the developing economies and
developments in healthcare infrastructure.
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Some
of the key players that fuel the growth of the automated dispensing machine
industry comprise Dickinson and Company, Becton, Capsa Healthcare, Cerner
Corporation, Omnicell Inc., McKesson Corporation, Baxter International Inc.,
Swiss log Holdings AG, ScriptPro LLC, Yuyama Co., Ltd. Talyst, Inc., Pearson
Medical Technologies, Accu-Chart Plus Healthcare System, Illinois Tool Works,
Meditech, Allscripts Healthcare Solutions, Inc., Optum Inc., and Constellation
Software Inc. The leading companies are taking up partnerships, mergers and
acquisitions, and joint ventures in order to boost the inorganic growth of the
industry.
Market
Segment:
Application
outlook (Market revenue in USD Million, 2013 - 2024)
• Outpatient
• In-Patient
End-Use
outlook (Market revenue in USD Million, 2013 - 2024)
• Hospitals
• Retail drug stores and pharmacies
Operation
outlook (Market revenue in USD Million, 2013 - 2024)
• Centralized pharmacies
• Decentralized pharmacies
Regional
outlook (Market revenue in USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• South Africa
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