The major factors that drive the growth of the global automatic pill dispenser machine market include increase in healthcare awareness; rapid growth of infections & chronic diseases such as diabetes, asthma, and blood pressure; and rise in geriatric population. However stringent government regulations related to the manufacturing & sale of the automatic pill dispenser machine restrain the market growth.
The automatic pill dispenser machine market is segmented on the basis of type of product, application, and region. According to product type, the market is divided into centralized automated dispensing systems and decentralized automated dispensing systems. Depending on application, it is classified into hospital pharmacy, retail pharmacy, and home healthcare. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc., and Yuyama Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automatic pill dispenser machine market analysis from 2020 to 2030 to identify the prevailing automatic pill dispenser machine market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automatic pill dispenser machine market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automatic pill dispenser machine market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Centralized Automated Dispensing Systems
- Decentralized Automated Dispensing Systems
By Application
- Hospital pharmacy
- Retail Pharmacies
- Home Healthcare
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Taiwan, Republic Of China
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- CAPSA HEALTHCARE
- YUYAMA CO., LTD.
- MCKESSON CORPORATION
- SWISSLOG HOLDING AG
- TALYST, LLC.
- Cerner Corporation
- omnicell
- SCRIPTPRO LLC
- BECTON DICKINSON &COMPANY
- BAXTER INTERNATIONAL INC
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Table of Contents
Executive Summary
According to this report, the automatic pill dispenser machine market was valued at $2.5 billion in 2020, and is estimated to reach $5.4 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Automatic pill dispenser machines are designed to ease the work load of pharmacist, doctor, nurse, patients, and caretakers by enabling medication counting, medicine management, dispensing, and inventory control. These devices minimize prescription errors that leads to fatal injury or death and ensure patient safety. Automatic pill dispenser machines are designed to dispense different pills independently according to user defined dose and time specifications. The automatic pill dispenser machine dispenses correct medication and dose for the patients with complex medication regime and with memory loss disorders.Automatic pill dispenser machines are devices designed to help individuals manage their medication regimens more effectively. These machines are especially useful for people who take multiple medications at different times throughout the day. They can be used by individuals living at home, as well as in healthcare facilities such as hospitals and nursing homes. The benefits of automatic pill dispenser machines include improved medication adherence, reduced risk of medication errors, increased independence for users, and peace of mind for caregivers. These devices can be particularly helpful for older adults, individuals with memory issues, and those with complex medication regimens. It's worth noting that the specific features and capabilities of automatic pill dispenser machines can vary widely depending on the manufacturer and model. Before purchasing or using such a device, it's essential to consider the user's specific needs and consult with a healthcare professional or pharmacist. Additionally, it's important to regularly check and refill the machine to ensure a continuous supply of medications. These devices are designed to help individuals manage their medication schedules more effectively, especially those who take multiple medications with different dosing times throughout the day. Before selecting an automatic pill dispenser, it's crucial to consider the user's specific needs, such as the number of medications they take, the frequency of doses, and any other specific requirements. Consulting with a healthcare professional or pharmacist can help in choosing the most suitable device for the individual's medication management needs. Additionally, it's essential to follow the manufacturer's guidelines for setup, maintenance, and refilling the dispenser regularly.
Increase in healthcare awareness; rapid growth of infections & chronic diseases such as diabetes, asthma, and blood pressure; and rise in the geriatric population are expected to drive the automatic pill dispenser machine market growth. In addition, factors that drive the automatic pill dispenser machine market growth are increase in need for self-care and home-based treatments, owing to changes in lifestyle and minimizing prescription & dispensing errors. However, stringent government regulations related to the manufacturing & sale of the automatic pill dispenser machine impede the market growth. Increase in disposable income of consumers is expected to provide several growth opportunities for key market players.
On the basis of product type, the automatic pill dispenser machine market size is categorized into Centralized automated dispensing systems and decentralized automated dispensing systems. Automated dispensing system segment is expected to dominate the market throughout the forecast period, owing to various benefits of machines such as point-of-care availability, capability to control storage & distribution, and maintain record of medicines. Decentralized automated dispensing systems is expected to register a CAGR of 9.9% during the forecast period, owing to precise, accurate, and safe usage for better healthcare results, which correspond to the needs of patients.
Depending on application of pill dispenser industry, hospital pharmacy segment dominated the automatic pill dispenser machine market share in 2020. This segment is expected to exhibit a prominent growth rate automatic pill dispenser machine market trends, owing to the rapid increase in geriatric population and surge in need for fast and accurate dispensing of medicines in the hospitals and pharmacy.
Region wise, North America accounted for more than 8.0% of the global market share in 2020, and is expected to remain dominant throughout the forecast period. This was attributed to rise in expenditure to upgrade healthcare systems and growth in demand for technologically advanced devices for rapid & accurate distribution of medicines. Asia-Pacific is projected to register the highest CAGR of 9.8% during the forecast period of automatic pill dispenser market, owing to rise in government healthcare expenditure, growth in demand for healthcare devices from patients, and improvement in healthcare infrastructure.
The major companies profiled in pill dispenser industry report include Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc., and Yuyama Co., Ltd.
Key Findings of the Study
By product type, the centralized automated dispensing systems segment is expected to experience rapid growth in the market, and is projected to grow at a CAGR of 7.7% from 2021 to 2030Depending on application hospitals pharmacy is projected to grow at a CAGR of 7.9% during the forecast period.
Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 9.8% during the forecast period.
Companies Mentioned
- CAPSA HEALTHCARE
- YUYAMA CO., LTD.
- MCKESSON CORPORATION
- SWISSLOG HOLDING AG
- TALYST, LLC.
- Cerner Corporation
- omnicell
- SCRIPTPRO LLC
- BECTON DICKINSON &COMPANY
- BAXTER INTERNATIONAL INC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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