Automatic Pill Dispenser Machine Market Research, 2030
The global automatic pill dispenser machine market was valued at $2.5 billion in 2020, and is projected to reach $5.4 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Automatic pill dispenser is a device that distribute medication at a predetermined time. The goal is to help senior people and others who have difficulty in adhering to their drug schedule. Automatic pill dispensers are commonly used in medical settings to assist people, either old or chronically ill, in taking their prescribed medicine, over-the-counter medicine, or regular supplements on a set schedule. Telehealth devices, including automatic or electronic pill boxes are used in the healthcare industries to intimate patients about the time of taking pills.
Automatic pill dispenser industry is expected to exhibit significant Automatic pill dispenser machine market opportunity during the forecast period, owing to the increase in need of medication intake, increase in geriatric population, and diseases associated with the old age. The key factors driving growth of Automatic pill dispenser machine market forecast are attributed to rise in incidences of chronic & infectious diseases and constant technological developments to improve efficacy of automatic pill dispenser machine. However, stringent government regulations related to the manufacturing & sale of the automatic pill dispenser machine restricts the market growth. Conversely, increase in disposable income of consumers is expected to provide several opportunities for key pill dispenser market players.
The automatic pill dispenser machine market size is segmented on the basis of product, application, and region. Depending on product, the market is divided into centralized automated dispensing systems and decentralized automated dispensing systems. According to application, the automatic pill dispenser machine market market share is classified into hospital pharmacy, retail pharmacy, and home healthcare. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA).
DeCentralized Automated Dispensing Systems segment is projected to be the dominating segment throughout the forecast period.
ByType Segment Review
Depending on product, it is divided into centralized automated dispensing systems and decentralized automated dispensing systems. The centralized automated dispensing systems segment was the major revenue contributor in 2020, and is anticipated to continue this trend during the forecast period, owing to various benefits of machines such as point-of-care availability, capability to control storage & distribution, and maintain record of medicines. Furthermore, the demand for decentralized automated dispensing systems is projected to exhibit the fastest market growth during the forecast period, owing to precise, accurate, and safe usage for better healthcare results, which correspond to the needs of patients.
Retail Pharmacies segment was the leading segment during forecast period.
Application Segment Review
According to application, it is classified into hospital pharmacy, retail pharmacy, and home healthcare. The hospital pharmacy segment presently dominates the market, and is expected to remain dominant during the forecast period. This segment is expected to exhibit a prominent growth rate, owing to increase in need of fast and accurate dispensing of medicines in the hospitals and pharmacy.
Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 9.8% during the forecast period.
Region Segment Review
Region wise, it is analyzed across North America, Asia-Pacific, Europe, and LAMEA. North America dominated the market in 2020, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period, owing to rise in expenditure to upgrade healthcare systems and increase in demand for technologically advanced devices for rapid & accurate distribution of medicines. In addition, lucrative growth opportunities in the emerging countries are anticipated to drive the Automatic pill dispenser machine market growth.
This report provides comprehensive competitive analysis and profiles of prominent market players such as key players operating in Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc., and Yuyama Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automatic pill dispenser machine market analysis from 2020 to 2030 to identify the prevailing automatic pill dispenser machine market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automatic pill dispenser machine market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automatic pill dispenser machine market trends, key players, market segments, application areas, and market growth strategies.
Automatic Pill Dispenser Machine Market Report Highlights
Market Size By 2030
USD 5.4 billion
CAGR of 8.2%
2020 - 2030
Key Market Players
SWISSLOG HOLDING AG, MCKESSON CORPORATION, SCRIPTPRO LLC, YUYAMA CO., LTD., CAPSA HEALTHCARE, BAXTER INTERNATIONAL INC, omnicell, Cerner Corporation, BECTON DICKINSON &COMPANY, TALYST, LLC.
According to the top CXOs of the leading companies, the utilization of automatic pill dispenser machine is anticipated to witness a significant rise with the technological advancements and increase in prevalence of infectious & chronic diseases among geriatric population. Recent innovations and constant development in this field have fueled the market growth. Furthermore, increase in economic strength of the developing nations such as China, India, Mexico, and Brazil and surge in public and private healthcare expenditure are expected to drive the growth of the market and provide growth opportunities during the forecast period.
Rapid growth was observed in the adoption of automation for dispensing among developing economies and this is expected to offset the challenging conditions in developed markets such as North America and Europe. Moreover, North America and Europe are expected to dominate the market during the forecast period, while developing countries in Asia-Pacific and Latin America are expected to offer significant growth opportunities