This report provides exclusive insights into the COVID-19 impact on the Automated Dispensing Systems Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Automated Dispensing Systems Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Automated Dispensing Systems Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on automated dispensing systems market provides an in-depth analysis of segments and sub-segments in the global as well as regional automated dispensing systems market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automated dispensing systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automated dispensing systems market. According to the report, the global automated dispensing systems market is projected to grow at a healthy CAGR over the forecast period of 2018-2024.
The pharmaceuticals industries are focusing on various technological advancement in order to improve the patient’s safety. The automated dispensing system is the medication distribution systems that provide computer-controlled storage, dispensing, packaging, labeling, and tracking of medications across the retail pharmacies, clinics, hospitals, the point of care settings and others. The automated dispensing system is an important pillar of the pharmaceutical information systems. The automated dispensing systems also help to collect, control and maintain all money transactions and reduce billing paperwork. Less time-consuming operations offered by the automated dispensing system helps to prevent conflict between the pharmacy and nursing staff as well as ensures improved patient comfort and care.
The features offered by the automated dispensing system including user-friendly, security, safe medication distribution, less time consuming, and computer-controlled storage are driving the growth of automated dispensing systems market. In addition, growing demand for automated and user-friendly management systems in the pharmaceutical industries are likely to contribute to the growth of automated dispensing systems market. The various hospitals and healthcare organizations are more focusing on the adoption of the effective management system to improve patient health and safety. The high adoption of the automated systems across the hospitals, clinics, nursing homes, and others are anticipated to boost the growth of automated dispensing systems market. Moreover, the demand for automotive dispensing systems is growing rapidly in the emerging market. The ongoing technological development in order to achieve high efficiency, reduce medical inventory and improved cash flow is projected to create various growth opportunities in the automated dispensing systems market.
Geographically, North America held the largest market share in 2017 and is expected to dominate the automated dispensing systems market throughout the forecast period. The high adoption of new and advanced technologies and developed pharmaceutical industries are driving the growth of the automated dispensing market in the North America region. Furthermore, the growing demand for pharmacy automation In North America region contributes to the growth of automated dispensing systems in this region. In addition, Asia-Pacific is the fastest growing region in the automated dispensing market owing to the high investments in the pharmaceutical industries and the growing geriatric population.
The report on global automated dispensing systems market covers segments such as product type, deployment, and end-user. On the basis of product type, the global automated dispensing systems market is categorized into centralized automated dispensing systems and de-centralized automated dispensing systems. On the basis of deployment, the global automated dispensing systems market is categorized into cloud-based, web based, and on-premise. On the basis of end-user, the global automated dispensing systems market is categorized into hospitals, pharmacies, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-Pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the automated dispensing systems market. As a result, the APAC region is projected to experience growth at a CAGR of x.x% over the forecast period 2018-2024.
The report provides profiles of the companies in the global automated dispensing systems market such as Nordson EFD, Aesynt Incorporated, Becton, Dickinson and Company, Omnicell, RxMedic Systems, ScriptPro LLC, Avery Weigh-Tronix, Cerner Corporation, and Capsa Solutions.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global automated dispensing systems market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automated dispensing systems market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the automated dispensing systems market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the automated dispensing systems market to understand the present and future trends in this market and formulate their strategies accordingly.