The Global Automated Pill Dispensers Market size is expected to reach USD 2.6 billion by 2028, at a CAGR of 12.3% from 2021-2028. The market for this product type is mainly driven by the increasing elderly population, rise in chronic diseases, and growing healthcare expenditure across the world. One of the key drivers for this industry growth is the increase in demand for home care services which helps decrease hospitalization costs and improves quality of life as well as reducing health risks associated with medical treatments such as chemotherapy or radiation therapy. Additionally, there has been an increased focus on improving patient outcomes through automation and technological innovation within hospitals due to high costs involved with manual labor that limits their operational hours.
An Automatic Pill Dispenser is an automated device used by hospitals, long-term care facilities, and patients at home to supply medications on a timed basis as prescribed by the physician. The machine typically consists of two parts: (a) equipment that stores medication in pill bottles or other containers that can be accessed for dispensing; and (b) a mechanism to dispense one dose at a time from each container onto an individual blister card with compartments for seven days’ worth of doses, labeled with instructions for take-ables such as oral liquid forms and eye drops.
On the basis of Types, the market is segmented into Centralized Automated Dispensing Systems and Decentralized Automated Dispensing Systems.
Centralized automated dispensing systems are a type of automated pill dispenser that works as a centralized resource for distribution throughout medical facilities. These systems have one or more medication dispensaries, which can be used to distribute medications to patients in wards and clinics. Centralized Automated Dispensing Systems may also refer to the process where prescriptions are electronically mailed from off-site pharmacies straight into the system on-site at hospitals, nursing homes, or other healthcare centers.
This type of automated pill dispensers is designed for home care and provides the clients with a controlled, safe environment in which to manage their medications. They can be installed at any height within your own living space. Decentralized Automated Dispensing Systems generally have an access door that opens inward through a break-away seal or similar mechanism so it is not necessary to log out into another room when filling medication. You may also want to place this kind on top of a sturdy surface like a kitchen countertop or table near where you usually take your medicines as they do not need much space.
On the basis of Application, the market is segmented into Hospitals and Home Care. With the increasing medical expenditure, hospitals are focusing on improving their medication management system for cost-efficiency purposes. Furthermore, automated dispensing systems in healthcare applications have been found to help reduce narcotic diversion by preventing theft as well as tampering with doses of medications that may lead to adverse events among patients
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is anticipated to grow significantly primarily due to the surging demand for home care services in North America, coupled with increased awareness among patients on medication adherence.
The Asia Pacific is anticipated to be the fastest-growing region. This can primarily be attributed due to the availability of the latest technologies for automated dispensing systems coupled with the rising demand for home care services by individuals suffering from dementia or other mental illnesses, which are triggered by population aging trends in countries like India and China among others.
Up Market Research published a new report titled “Automatic Pill Dispensers Market research report which is segmented by Types (Centralized Automated Dispensing Systems, Decentralized Automated Dispensing Systems), By Applications (Hospitals, Home Care), By Players/Companies Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc., Yuyama Co., Ltd.”.
|Report Attributes||Report Details|
|Report Title||Automatic Pill Dispensers Market Research Report|
|By Type||Centralized Automated Dispensing Systems, Decentralized Automated Dispensing Systems|
|By Application||Hospitals, Home Care|
|By Companies||Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc., Yuyama Co., Ltd.|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||218|
|Number of Tables & Figures||153|
|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.
The market is segmented by Type Centralized Automated Dispensing Systems, Decentralized Automated Dispensing Systems and By Application Hospitals, Home Care.
Some of the companies that are profiled in this report are:
Automatic Pill Dispensers 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:
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.
We have studied the Automatic Pill Dispensers 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:
Reasons to Purchase the Automatic Pill Dispensers Market Report:
Some other reports from this category!