A recent report published by
Infinium Global Research on the automatic pill dispenser market provides in-depth
analysis of segments and sub-segments in the global as well as regional automatic
pill dispenser market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional automatic pill
dispenser market over the short term as well as the long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
automatic pill dispenser market. According to the report, the global automatic
pill dispenser market is projected to grow at a CAGR of nearly 9% over the
forecast period of 2022-2028.
The revenue generated by the automatic pill dispenser market was worth over USD 2400 Million in 2022 and is projected to reach about USD 4000 Million in 2028, with a CAGR of nearly 9% during the period 2022 to 2028. Many pharmacies are adopting advanced technologies in order to improve productivity and enhance the customer experience. An automated pill dispenser is one of the advanced technologies that is been adopted by pharmacies to improve efficiency. An automated pill dispenser is a computer-controlled medication distribution system that provides storage, dispensing, packaging, labeling, and tracking of medications. The automatic pill dispensers are used by retail pharmacies, clinics, hospitals, point of care settings, and others. The automatic pill dispenser is also integrated with pharmaceutical information systems to improve the operations of the service providers. The automatic pill dispenser is also used to collect, control and maintain the financial operations and reduce billing paperwork. Moreover, the automatic pill dispensers are less time-consuming, which prevents the conflict between pharmacy and nursing staff, providing improved patient comfort and care.
The automatic pill dispensers have
various advantages including being user-friendly, security, safe for medication
distribution, less time-consuming, and computer-controlled storage. These
advantages of automatic pill dispensers majorly drive the growth of the market.
Moreover, the increasing demand for automated and user-friendly pharmacy
management systems is expected to augment the growth of the automatic pill
dispenser market. Many hospitals and healthcare providers are focusing on the
adoption of an effective management system to improve overall efficiency and
productivity. The growing adoption of automated systems across hospitals,
pharmacies, nursing homes, and others is anticipated to boost the growth of the
automatic pill dispenser market. However, the incidences of errors caused by
the automated pill dispenser are expected to hamper the market growth.
Nevertheless, the technological advancements in the automated systems to
achieve higher efficiency reduced medical inventory and improved cash flow are
projected to create growth opportunities in the players in the automatic pill
dispenser market.
As the coronavirus pandemic spread
across many countries, the global healthcare sector experienced enormous
pressure to keep up with the mounting demand. Hospitals in the countries
affected by pandemics were overwhelmed by the influx of COVID-19 patients.
Hospitals, pharmacies, home care centers, and other healthcare facilities spent
a large number of their resources on combating COVID-19. Many hospitals and
pharmacies adopted automated dispensing solutions to handle the growing
healthcare demands of patients. An automatic pill dispenser distributes accurate
dosage of medication to the patients and helps pharmacies to keep track of the
patients. Doctors and pharmacists easily access the patient's medical data and
keep track of their medication with the help of automatic pill dispensers. Such
advantages of the automatic pill dispensers came in handy during the pandemic
as the number of patients increased.
Terms of, North America
accounted for the largest market share and is expected to dominate the
automatic pill dispenser market throughout the forecast period. Factors such as
the high adoption of modern and advanced technologies along with developed
healthcare infrastructure are driving the growth of the automatic pill
dispenser market in North America. Furthermore, the growing demand for pharmacy
automation In the North American region is expected to boost the growth of
automatic pill dispensers in this region. On the other hand, Asia-Pacific is
anticipated to grow at the fastest rate in the automatic pill dispenser market
among the regions owing to the growing investments in the pharmacy industry and
the growing geriatric population.
The report on the global automatic
pill dispenser market covers segments such as type, and end user. On the basis
of type, the sub-markets include centralized automatic dispenser, and
decentralized automatic dispenser. On the basis of end user, the sub-markets
include hospital pharmacies, retail pharmacies, and home care.
The report provides profiles of
the companies in the market such as McKesson Corporation, Cerner Corporation,
Becton, Dickinson, and Company, Capsa Solutions, LLC, InstyMeds Corporation,
Koninklijke Philips NV, ARxIUM Inc., Hero Health, Inc., Talyst, Inc., and
Omnicell Inc.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings 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 the automatic pill dispenser market. Moreover, the study highlights
current market trends and provides forecast from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings insight into the market share of the leading players.
Please Choose One of them.