Global automated dispensing machines market size is anticipated to reach USD 5.5 billion by 2024. Automatic pill dispenser machines are intended to dispense various pills autonomously according to the user-defined time and dose specifications. They support dispensing correct dose and medication, for the patients with composite medication regime and with untimely memory loss.
The factors that propel the growth of the automated dispensing machine market include a rise in incidence and occurrence of diseases, growth of the aged population, surge in the number of medications. On the other hand, there are factors that may hamper the growth of the market including the high installation cost of large automatic pill dispenser machines. Automated dispensing machines industry is anticipated to expand at a significant CAGR of 7% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Automated dispensing machines market could be explored by type, operation, application, and geography. The market could be explored by type as Decentralized Automated Dispensing Systems and Centralized Automated Dispensing Systems. The “Centralized automated dispensing systems” segment led the automated dispensing machine industry in 2016 and is anticipated to maintain its dominance by 2024. The key factors that could be attributed to the growth of market includes an increase in acceptance of automatic pill dispenser in hospitals and other health care services for an effective workflow.
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The automated dispensing machine market could be explored based on the operation as Decentralized Pharmacy and Centralized Pharmacy. The key applications that could be explored in the automated dispensing machines industry include Retail Pharmacy, Hospital Pharmacy, and Home Healthcare. The “Hospital Pharmacy” segment led the market of automated dispensing machine in 2017 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes an increase in the occurrence of trauma and diseases cases in hospitals.
North America accounted for the major market share of automated dispensing machines in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growth in the prevalence of chronic and infectious diseases, the increase in a pool of the patient population, an increase in government investments for the development of improved healthcare services and R&D. North America is followed by Europe and Asia-Pacific region owing to the attention of key players in the developing economies and developments in healthcare infrastructure.
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Some of the key players that fuel the growth of the automated dispensing machine industry comprise Dickinson and Company, Becton, Capsa Healthcare, Cerner Corporation, Omnicell Inc., McKesson Corporation, Baxter International Inc., Swiss log Holdings AG, ScriptPro LLC, Yuyama Co., Ltd. Talyst, Inc., Pearson Medical Technologies, Accu-Chart Plus Healthcare System, Illinois Tool Works, Meditech, Allscripts Healthcare Solutions, Inc., Optum Inc., and Constellation Software Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Market Segment:
Application outlook (Market revenue in USD Million, 2013 - 2024)
• Outpatient
• In-Patient
End-Use outlook (Market revenue in USD Million, 2013 - 2024)
• Hospitals
• Retail drug stores and pharmacies
Operation outlook (Market revenue in USD Million, 2013 - 2024)
• Centralized pharmacies
• Decentralized pharmacies
Regional outlook (Market revenue in USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• South Africa
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Industry Analysis of the Automated Dispensing Machines Market(automated machines) Report 2020:Global Automated Dispensing Machines market has been leaning towards the growth curve and contributing to the global economic scenario on the basis of growth rate and revenue.
The Global Automated Dispensing Machines Market research report provides a detailed explanation to the reader about the fundamentals of the Automated Dispensing Machines market(automated machines), which is inclusive of the business strategies, market demands, key players, and a futuristic outlook of the market.The research report is inclusive of the impact analysis of the currently unfolding COVID-19 pandemic.
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It examines the market thoroughly and offers a detailed evaluation of the global industry.
The report also provides a detailed evaluation of the critical elements of the global Automated Dispensing Machines market, including product types, applications, end-uses, regions, and leading players.Get a Sample Copy of the Automated Dispensing Machines Market Report (Submit your official email ID to get priority) @ https://www.reportsanddata.com/sample-enquiry-form/1684 The Global Automated Dispensing Machines Market gives an outline of the current market dynamics by scrutinizing factors such as the drivers, trends, opportunities, challenges, and restraints in the forecast years (2020-2027).
It traces the competitive landscape in the Automated Dispensing Machines industry, which underlines different aspects like product offerings, production capacity, techniques, cost structure, value chain, financial standing, sales margin, and other notable developments recorded in the Automated Dispensing Machines sector.Additionally, this report also offers an analysis of both short-term and long-term strategies adopted by the key companies in the global Automated Dispensing Machines business.
This is expected to help the readers in making lucrative investments in the emerging sectors or sectors that promise to record the highest growth rate in the worldwide Automated Dispensing Machines market in the coming years.Leading Players:Baxter, Pyxis Corporation, Omnicell, AcuDose, Capsa Solutions LLC, Accu-Chart Healthcare Systems Inc. and Pearson Medical Technologies.Market Segmentation By Regions:North AmericaEuropeAsia PacificLatin AmericaMiddle East and AfricaMarket Segmentation :Application (Revenue, USD Million; 2016–2026)In-patientOut-patientEnd Use (Revenue, USD Million; 2016–2026)HospitalsPharmaciesDrug StoresOthersSpeak to our experts before buying the report (Use Corporate Details Only): https://www.reportsanddata.com/make-enquiry-form/1684Automated Dispensing Machines Market Historical Analysis (2016-2018) as well as Market Forecast (2020-2026):Market Trends: These have been assessed thoroughly to estimate the gross revenue, industry outlook, and current scenario of the market.
This section consists of the market trends pertaining to employment, consumer inclinations, technological advancements, competitive landscape, product development, and product launches, as well as regulatory policies that impact the Automated Dispensing Machines industry.Competitive Landscape: The report provides an assessment of leading competitors, along with their development trends and expansion strategies.
The prime drivers for the demand for automated dispensing machines are technological advancements, the increasing incidence of medication errors, growing support from governments, booming geriatric population, and rising prevalence of chronic diseases.
The automated dispensing machines market was valued at $1.4 billion in 2018, and it is expected to showcase a CAGR of 7.8% during the forecast period of 2019–2024, to value $2.3 billion in 2024.Request to Get the Sample Pages at: https://www.psmarketresearch.com/market-analysis/automated-dispensing-machines-market/report-sampleThe need for automated dispensing machines in hospitals is driven by the frequent incidents of medication errors.
Patients often complain about drug reactions caused due to errors in medication.
As per the data produced by the National Center for Biotechnology Information (NCBI), 7,000–9,000 patients in the U.S. die due to inpatient medication errors each year.
Additionally, the increasing cases of chronic diseases worldwide are driving the automated dispensing machines market to new heights, by leading to the increasing demand for various drugs.Make an Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=automated-dispensing-machines-marketGeographically, the North American automated dispensing machines market generated the maximum revenue in 2018.
This was due to the increasing geriatric population, presence of established players, and advanced healthcare infrastructure.
Global Automated Dispensing Machines Market Size is expected to grow significantly over the forecast period.
It is estimated that the global Automated Dispensing Machines Market Size is expected to register a CAGR of 8.1% with an estimated market value of USD 4,931 million during the forecast period from 2018 to 2023.Automated dispensing machines are designed for centralized filling of individual patient prescriptions and unit-dose medication orders as well as decentralized dispensing.
These automated dispensing machines are intended to decrease incidents of patient medication error.Global Automated Dispensing Machines Market Size Insights 2020 provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making.
This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability.
It provides information on trends and developments, and focuses on Markets and materials, capacities and technologies, and on the changing structure of the Serotonin Supplements Market.Some of the key players operating for the global market analysis are Becton, Dickinson and Company, Omnicell, Inc., ScriptPro LLC, Avery Weigh-Tronix, Pearson Medical Technologies, LLC, Accu-Chart Plus Healthcare Systems, Inc., Baxter, Capsa Healthcare, YUYAMA Co., Ltd, Talyst, LLC, and Cerner CorporationAutomated Dispensing Machines Market Size Research Coverage:Changing market dynamics of the industryTo get a comprehensive overview of the Automated Dispensing Machines Market Size.Historical, current and projected market size in terms of volume and valueIn-depth market segmentationCompetitive landscapeThe report presents an all-inclusive database in a systematic and highly comprehensive manner.
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