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
"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
Report Attribute |
More Details |
Market size in 2020 |
USD 4.14 Billion |
2024 Revenue projection |
USD 5.5 Billion |
Growth Rate |
CAGR of 7% between 2016 and 2024 |
Estimation base year |
2015 |
Historical data |
2013 - 2015. |
Forecast period |
2016 - 2024 |
Quantitative units |
From 2016 to 2024, revenue in USD millions and CAGR |
Report coverage |
Forecast revenue, company ranking and competitive landscape, growth factors and trends |
Segments covered |
Application, end-use, operation, and region |
Regional scope |
North America, Europe and Asia Pacific, Latin America, MEA |
Country coverage |
U.S.; Canada; Germany; UK; Japan; China; Brazil; Mexico; South Africa |
Key companies profiled |
Aesynt Incorporated, Becton, Dickinson and Co., Omnicell, Inc., Script Pro LLC, Avery Weigh-Tronix, Pearson Medical Technologies, Accu-Chart Plus Healthcare System, Inc., Baxter, Capsa Solutions LLC |
The scope of customization |
With purchase, you get free report customization (equivalent to up to 8 analysts working day) You can add or modify country, region and segment scope. |
Prices and purchase options |
You can get customized purchase options that meet your research needs. Explore your purchase options |
These are the most frequently asked questions about this report
What is the market for automated dispensing machines?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.
What is the market growth for automated dispensing machines?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.
Which segment had the largest market share for automated dispensing machine?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.
What are the major players in the automated dispensing machine market?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.
What are the driving factors for the automated dispensing machine 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 Scope
Report Attributes | Report Details |
Report Title | Automated Dispensing Machines Market Research Report |
By Application | In-Patient, Outpatient |
By End Use | Hospitals, Retail Drug Stores And Pharmacies |
By Operation | Centralized Pharmacy, Decentralized Pharmacy |
By 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, 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 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.
Highlights of The Automated Dispensing Machines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Automated Dispensing Machines Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
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
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
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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 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