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Global Automated Dispensing Machines Market by Application (In-Patient, Outpatient), by End Use (Hospitals, Retail Drug Stores And Pharmacies), by Operation (Centralized Pharmacy, Decentralized Pharmacy) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MD-75504
  • Author: Up Market Research
  • Rating: 4.5
  • Total Reviews: 64
  • No. Of Pages: 223
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  • Pub. Date: 2021-10-21
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"Growing awareness about the benefits of pharmacy automation will be one of the key factors expected to drive automated dispensing machine market over the forecast period"

Global automated dispensing machine market was valued at USD 2.89 billion in 2015. It is expected to grow at a profitable CAGR of more than 7% during the forecast period. The forecast period will see a rise in usage due to government initiatives to support pharmacists and healthcare institutions with the deployment a technologically advanced medication dispenser system to reduce medication mistakes.

According to the American Society of Health System Pharmacists (ASHP), hospitals spend between 70% and 75% on their pharmacy departments. According to the Institutes for Safety Medication Practices' estimates, more than 20% of healthcare professionals reported adverse patient reactions due to poor inventory and supply management. Complexity in medication distribution is increasing due to the rising death rate from expired drugs and the rapidly increasing number of patients.

In-patients accounted for the largest market share in automated dispensing machines in 2015.

The majority of applications were made by in-patients, accounting for 74.4%. In-patient held a majority share of 74.4% of the application segment in 2015. This increases pharmacy department's workload and can lead to poor inventory management.

Due to the increased demand for technological advancements and lower inventory management costs, the outpatient segment will grow at 8.2% CAGR. The increasing demand for automated dispensing machines is a result of increased demand for inventory tracking and automation in medication distribution system. One of the key factors expected to drive growth in the future is the increasing number of patients who need long-term and home-based healthcare.

"Retail pharmacies and pharmacies are the fastest growing end-use segment"

In 2015, 56.1% of the segment's end-use was held by hospitals. Hospitals are not able to manage their pharmacy inventory properly, which is a factor that increases the risk of medication mistakes. The shortage of technicians and pharmacists is a key factor in market growth. According to the 2012 FIP Pharmacist Global Workforce Report, the average density of pharmacists per 10,000 population was 6.02. The key drivers behind the adoption of automated dispensing systems at hospitals are a lack of skilled workers and high errors in manual dispensing.

Retail drug stores and pharmacies will grow at a profitable CAGR of 7.8%. There is a growing demand for pharmacies and retail drug stores, as well as government initiatives to support them. These factors indicate the need to automate to reduce inventory holding costs and dispose of expired medication. These factors will drive growth in the future.

"Centralized pharmacies made up the largest market share in automated dispensing machines in 2015"

In 2015, a majority of the operation segment was held by centralized pharmacies. They held a share of 63.9%. The majority of the operation segment was held by centralized pharmacies, with 63.9%. Market drivers include the growing need to reduce costs, increase medication availability, and streamline resource allocation. With a forecast CAGR of 8.5%, the decentralized pharmacy segment is expected to grow at the fastest rate.

"North America was responsible for 53.8% of the industry's share"

North America held the highest revenue share at 53.8% in 2015, followed by Europe. The U.S. sector is the largest and holds a large share of the North American segment. One factor that is increasing the pressure on traditional pharmaceutical systems is the rising prevalence of chronic diseases in both the elderly and children. The awareness regarding the presently available, technologically-advanced systems gaining prominence, and lack of low-cost skilled professionals are some of the crucial factors expected to boost the market.

Asia Pacific will be the fastest-growing region, with a CAGR at 9.1% during the forecast period. Market growth will be driven by supportive government initiatives and rising incidence of medication errors.

"The automated dispensing machine industry is fragmented, with many players in it competing for a majority market share"

Aesynt Incorporated, Becton, Dickinson and Co., Omnicell, Inc., Script Pro LLC, Avery Weigh-Tronix, Pearson Medical Technologies, Accu-Chart Plus Healthcare System, Inc., Inc., Baxter, and Capsa Solutions LLC are some of the key players. These key players are distinguished by their technology, ROI and services.

Automated Dispensing Machines Market Report Scope

These are the most frequently asked questions about this report

b. Global Automated Dispensing Machines Market Size was USD 3.86 Billion in 2019, and is forecast to grow to USD 4.14 Billion by 2020.

b. Global Automated Dispensing Machines Market is expected to grow at a compound annual rate of 7% between 2019 and 2024, reaching USD 5.5 billion in 2024.

b. With a share of 73% in 2019, the Automated Dispensing Machines Market was dominated by the In-Patient segment. This can be attributed to the rapidly increasing number of patient admissions, which increases the burden on pharmacie departments. Also, poor inventory management increases demand for automated medication dispensing systems.

b. Aesynt Incorporated, Becton, Dickinson and Co., Omnicell, Inc., Script Pro LLC, Avery Weigh-Tronix, Pearson Medical Technologies, Accu-Chart Plus Healthcare System, Inc., Baxter, and Capsa Solutions LLC are some of the key players in the Automated Dispensing Machines Market.

b. Market growth is driven by growing demand for automated systems, government support, growing demand for technologically advanced medication dispensing equipment, and rising incidence of medication errors.

Up Market Research published a new report titled “Automated Dispensing Machines Market research report which is segmented by Application (In-Patient, Outpatient), by End Use (Hospitals, Retail Drug Stores And Pharmacies), by Operation (Centralized Pharmacy, Decentralized Pharmacy), By Players/Companies Dickinson and Co; Omnicell, Pearson Medical Technologies, Aesynt Incorporated; Becton, Accu-Chart Plus Healthcare System, Inc; Baxter; and Capsa Solutions LLC, Inc; Script Pro LLC; Avery Weigh-Tronix”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report AttributesReport Details
Report TitleAutomated Dispensing Machines Market Research Report
By ApplicationIn-Patient, Outpatient
By End UseHospitals, Retail Drug Stores And Pharmacies
By OperationCentralized Pharmacy, Decentralized Pharmacy
By CompaniesDickinson and Co; Omnicell, Pearson Medical Technologies, Aesynt Incorporated; Becton, Accu-Chart Plus Healthcare System, Inc; Baxter; and Capsa Solutions LLC, Inc; Script Pro LLC; Avery Weigh-Tronix
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages223
Number of Tables & Figures157
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Automated Dispensing Machines Industry Outlook

Global Automated Dispensing Machines Market Report Segments:

The market is segmented by Application (In-Patient, Outpatient), by End Use (Hospitals, Retail Drug Stores And Pharmacies), by Operation (Centralized Pharmacy, Decentralized Pharmacy).

Automated Dispensing Machines Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Automated Dispensing Machines Market

Overview of the regional outlook of the Automated Dispensing Machines Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Automated Dispensing Machines Market Overview

Highlights of The Automated Dispensing Machines Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Automated Dispensing Machines Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. In-Patient

                2. Outpatient

        7. By End Use:

                1. Hospitals

                2. Retail Drug Stores And Pharmacies

        8. By Operation:

                1. Centralized Pharmacy

                2. Decentralized Pharmacy

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automated Dispensing Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

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Automated Dispensing Machines Market Trends

Reasons to Purchase the Automated Dispensing Machines Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automated Dispensing Machines Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Automated Dispensing Machines Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Automated Dispensing Machines Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Automated Dispensing Machines Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Automated Dispensing Machines Market Size & Forecast, 2018-2028 
      4.5.1 Automated Dispensing Machines Market Size and Y-o-Y Growth 
      4.5.2 Automated Dispensing Machines Market Absolute $ Opportunity 


Chapter 5 Global Automated Dispensing Machines Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Automated Dispensing Machines Market Size Forecast by Application
      5.2.1 In-Patient
      5.2.2 Outpatient
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Automated Dispensing Machines Market Analysis and Forecast by End Use
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by End Use
      6.1.2 Basis Point Share (BPS) Analysis by End Use
      6.1.3 Absolute $ Opportunity Assessment by End Use
   6.2 Automated Dispensing Machines Market Size Forecast by End Use
      6.2.1 Hospitals
      6.2.2 Retail Drug Stores And Pharmacies
   6.3 Market Attractiveness Analysis by End Use

Chapter 7 Global Automated Dispensing Machines Market Analysis and Forecast by Operation
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Operation
      7.1.2 Basis Point Share (BPS) Analysis by Operation
      7.1.3 Absolute $ Opportunity Assessment by Operation
   7.2 Automated Dispensing Machines Market Size Forecast by Operation
      7.2.1 Centralized Pharmacy
      7.2.2 Decentralized Pharmacy
   7.3 Market Attractiveness Analysis by Operation

Chapter 8 Global Automated Dispensing Machines Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Automated Dispensing Machines Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region

Chapter 9 Coronavirus Disease (COVID-19) Impact 
   9.1 Introduction 
   9.2 Current & Future Impact Analysis 
   9.3 Economic Impact Analysis 
   9.4 Government Policies 
   9.5 Investment Scenario

Chapter 10 North America Automated Dispensing Machines Analysis and Forecast
   10.1 Introduction
   10.2 North America Automated Dispensing Machines Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Automated Dispensing Machines Market Size Forecast by Application
      10.6.1 In-Patient
      10.6.2 Outpatient
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 North America Automated Dispensing Machines Market Size Forecast by End Use
      10.10.1 Hospitals
      10.10.2 Retail Drug Stores And Pharmacies
   10.11 Basis Point Share (BPS) Analysis by End Use 
   10.12 Absolute $ Opportunity Assessment by End Use 
   10.13 Market Attractiveness Analysis by End Use
   10.14 North America Automated Dispensing Machines Market Size Forecast by Operation
      10.14.1 Centralized Pharmacy
      10.14.2 Decentralized Pharmacy
   10.15 Basis Point Share (BPS) Analysis by Operation 
   10.16 Absolute $ Opportunity Assessment by Operation 
   10.17 Market Attractiveness Analysis by Operation

Chapter 11 Europe Automated Dispensing Machines Analysis and Forecast
   11.1 Introduction
   11.2 Europe Automated Dispensing Machines Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Automated Dispensing Machines Market Size Forecast by Application
      11.6.1 In-Patient
      11.6.2 Outpatient
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Europe Automated Dispensing Machines Market Size Forecast by End Use
      11.10.1 Hospitals
      11.10.2 Retail Drug Stores And Pharmacies
   11.11 Basis Point Share (BPS) Analysis by End Use 
   11.12 Absolute $ Opportunity Assessment by End Use 
   11.13 Market Attractiveness Analysis by End Use
   11.14 Europe Automated Dispensing Machines Market Size Forecast by Operation
      11.14.1 Centralized Pharmacy
      11.14.2 Decentralized Pharmacy
   11.15 Basis Point Share (BPS) Analysis by Operation 
   11.16 Absolute $ Opportunity Assessment by Operation 
   11.17 Market Attractiveness Analysis by Operation

Chapter 12 Asia Pacific Automated Dispensing Machines Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Automated Dispensing Machines Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Automated Dispensing Machines Market Size Forecast by Application
      12.6.1 In-Patient
      12.6.2 Outpatient
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Asia Pacific Automated Dispensing Machines Market Size Forecast by End Use
      12.10.1 Hospitals
      12.10.2 Retail Drug Stores And Pharmacies
   12.11 Basis Point Share (BPS) Analysis by End Use 
   12.12 Absolute $ Opportunity Assessment by End Use 
   12.13 Market Attractiveness Analysis by End Use
   12.14 Asia Pacific Automated Dispensing Machines Market Size Forecast by Operation
      12.14.1 Centralized Pharmacy
      12.14.2 Decentralized Pharmacy
   12.15 Basis Point Share (BPS) Analysis by Operation 
   12.16 Absolute $ Opportunity Assessment by Operation 
   12.17 Market Attractiveness Analysis by Operation

Chapter 13 Latin America Automated Dispensing Machines Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Automated Dispensing Machines Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Automated Dispensing Machines Market Size Forecast by Application
      13.6.1 In-Patient
      13.6.2 Outpatient
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Latin America Automated Dispensing Machines Market Size Forecast by End Use
      13.10.1 Hospitals
      13.10.2 Retail Drug Stores And Pharmacies
   13.11 Basis Point Share (BPS) Analysis by End Use 
   13.12 Absolute $ Opportunity Assessment by End Use 
   13.13 Market Attractiveness Analysis by End Use
   13.14 Latin America Automated Dispensing Machines Market Size Forecast by Operation
      13.14.1 Centralized Pharmacy
      13.14.2 Decentralized Pharmacy
   13.15 Basis Point Share (BPS) Analysis by Operation 
   13.16 Absolute $ Opportunity Assessment by Operation 
   13.17 Market Attractiveness Analysis by Operation

Chapter 14 Middle East & Africa (MEA) Automated Dispensing Machines Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Automated Dispensing Machines Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Automated Dispensing Machines Market Size Forecast by Application
      14.6.1 In-Patient
      14.6.2 Outpatient
   14.7 Basis Point Share (BPS) Analysis by Application 
   14.8 Absolute $ Opportunity Assessment by Application 
   14.9 Market Attractiveness Analysis by Application
   14.10 Middle East & Africa (MEA) Automated Dispensing Machines Market Size Forecast by End Use
      14.10.1 Hospitals
      14.10.2 Retail Drug Stores And Pharmacies
   14.11 Basis Point Share (BPS) Analysis by End Use 
   14.12 Absolute $ Opportunity Assessment by End Use 
   14.13 Market Attractiveness Analysis by End Use
   14.14 Middle East & Africa (MEA) Automated Dispensing Machines Market Size Forecast by Operation
      14.14.1 Centralized Pharmacy
      14.14.2 Decentralized Pharmacy
   14.15 Basis Point Share (BPS) Analysis by Operation 
   14.16 Absolute $ Opportunity Assessment by Operation 
   14.17 Market Attractiveness Analysis by Operation

Chapter 15 Competition Landscape 
   15.1 Automated Dispensing Machines Market: Competitive Dashboard
   15.2 Global Automated Dispensing Machines Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      15.3.1 Dickinson and Co; Omnicell
      15.3.2 Pearson Medical Technologies
      15.3.3 Aesynt Incorporated; Becton
      15.3.4 Accu-Chart Plus Healthcare System
      15.3.5 Inc; Baxter; and Capsa Solutions LLC
      15.3.6 Inc; Script Pro LLC; Avery Weigh-Tronix
Segments Covered in the Report
The global Automated Dispensing Machines market has been segmented based on

By Application
  • In-Patient
  • Outpatient
By End Use
  • Hospitals
  • Retail Drug Stores And Pharmacies
By Operation
  • Centralized Pharmacy
  • Decentralized Pharmacy
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Dickinson and Co; Omnicell
  • Pearson Medical Technologies
  • Aesynt Incorporated; Becton
  • Accu-Chart Plus Healthcare System
  • Inc; Baxter; and Capsa Solutions LLC
  • Inc; Script Pro LLC; Avery Weigh-Tronix

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