Automated Dispensing Machines Market Size was valued at USD 2.6 billion in 2022.The Automated Dispensing Machines market is anticipated to grow significantly, from USD2.8652 billion in 2023 to USD 6.3 billion by 2032. This represents a robust compound annual growth rate (CAGR) of 9.8% during the forecast period 2024 - 2032, due to the rapid advancements in technology applications within the healthcare industry. These advancements are aimed at enhancing patient satisfaction and improving resource management. Integrating automated dispensing machines enables healthcare facilities to streamline medication distribution processes, reduce errors, and optimize workflow efficiency. As a result, the growing demand for these machines drives the market's growth.
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
The automated dispensing devices market was worth USD 2.9 billion in 2015, and it's expected to rise at a healthy CAGR of over 7% over the next few years. During the projected period, rising government activities to support healthcare institutes and pharmacists by deploying a technologically enhanced medicine dispensing system to prevent pharmaceutical errors are predicted to boost utilization rates. This factor drives the market CAGR.
Additionally, one of the variables indicating an increased risk of pharmaceutical errors is a lack of proper pharmacy inventory management standards in hospitals. The need for more pharmacists and technicians is a major factor limiting industry expansion. The sample means density for the number of pharmacists per 10,000 inhabitants was 6.02, according to the 2012 FIP Pharmacy Work Force Report. Implementing automated dispensing systems in hospitals is driven by a need for more adequate skilled workers and a high error rate in manual dispensing. Due to increased demand for technology advancement and a reduction in the overall cost associated with inventory management, the outpatient segment is predicted to rise at a profitable CAGR of 7.00 %. Furthermore, the growing demand for real-time inventory tracking, automation in the pharmaceutical delivery system, and efficient order management are key indicators pointing to an increased need for automated dispensing equipment to reduce excess inventory and meet patient needs. One of the key reasons expected to drive growth in the next years is an increase in the number of patients seeking home and long-term care.Thus, moving the Automated Dispensing Machines market revenue.
Based on product type, the Automated Dispensing Machines market segmentation includes centralized automated dispensing systems and decentralized automated dispensing Systems. The centralized automated dispensing systems segment dominated the market, owing to the rise in preference for the system and the decrease in costs and errors. In contrast, de-centralized automated dispensing systems are the fastest-growing segment due to increased awareness among hospitals and pharmacies.The market for centralized, mechanical dispensing systems can be divided into automated robotic and manually operated unit-dose systems. Automated automatic systems utilize advanced technology to automate dispensing, while manually operated unit-dose systems rely on manual operation for medication distribution.
Based on end users, the Automated Dispensing Machines market segmentation includes hospitals, pharmacy stores, laboratories, and others. The hospital's segment dominated the market; due to the vital role these machines play in healthcare. With their ability to enhance medication management, improve workflow efficiency, and ensure patient safety, automated dispensing machines have become indispensable in hospitals. Their advanced features and functionalities, such as inventory management and integration with electronic health records, make them crucial for proper medication administration. Therefore, hospitals heavily rely on automated dispensing machines, leading to their dominance in the market.
Figure1 Automated Dispensing Machines Market, by End User, 2022&2032 (USD billion)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Automated Dispensing Machines market area will dominate this market due to the prevalence of various chronic disorders among the pediatric and elderly population.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2 AUTOMATED DISPENSING MACHINES MARKET SHARE BY REGION 2022 (%)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Automated Dispensing Machines marketholds the second-largest market share, driven by a growing senior population, higher incidences of chronic and life-threatening diseases, and a significant volume of medication dispensing. Among the European countries, the Germanmarket for Automated Dispensing Machines has the largest market share, while the UK market experiences the fastest growth. This highlights the Region's increasing demand and adoption of Automated Dispensing Machines.
The Asia-Pacific Automated Dispensing Machines Marketis expected to grow at the fastest CAGR from 2023 to 2032. This isdue to the supportive initiatives by the government and the growing incidence of medication errors, which are expected to drive market growth in the Region.Moreover, China’sAutomated Dispensing Machines market held the largest market share, and the IndianAutomated Dispensing Machines market was the fastest-growing market in the Asia-Pacific region.
Automated Dispensing Machines Key Market Players& Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Automated Dispensing Machines market grow even more. Market participants are also undertaking different strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Automated Dispensing Machines industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Automated Dispensing Machines industry to benefit clients and increase the market sector. In recent years, the Automated Dispensing Machines industry has offered some of the most significant advantages to medicine. Key players in the Automated Dispensing Machines market, such as Becton, Dickinson and Company, Omnicell, Inc., ScriptPro LLC, and others, actively invest in research and development activities to drive market demand. These companies, Avery Weigh-Tronix, Pearson Medical Technologies, LLC, and more, aim to enhance their product offerings and technological advancements. Other significant players, including Accu-Chart Plus Healthcare Systems, Inc., Baxter, Capsa Healthcare, and Cerner Corporation, are also focused on innovation to meet the market's evolving needs.
Capsa Solutions, Rubbermaid Healthcare, Humanscale Healthcare, Kirby Lester, and RoboPharma have been fully integrated to form Capsa Healthcare. Our passion as a single organization is born out of the same commitment and purpose that our customers have to provide superior patient care. We understand that healthcare delivery cannot wait; our customers rely on our products and support to deliver excellent clinical efficiency and accuracy of medication management. Capsa Healthcare announced the acquisition of Humanscale Healthcare (US), a designer and manufacturer of flexible technology solutions and computing workstations based in New York.
Omnicell, Inc., a healthcare technology company based in Mountain View, California, specializes in manufacturing automated systems for medication management in healthcare facilities and providing medication adherence packaging and patient engagement software for retail pharmacies. Omnicell, Inc. has recently acquired ReCept Holdings, Inc. to enhance its Advanced Services portfolio. By expanding its offerings, Omnicell can now provide comprehensive solutions to a broader range of healthcare providers.
Key CompaniesIn The Automated Dispensing Machines Market Include
Automated Dispensing Machines Industry Developments
April 2021 At this year's DUPHAT Conference and Exhibition (April 5–7, 2021) held at the Dubai World Trade Centre, Omnicell Inc. revealed their latest robotic dispensing system, Medimat, to the Middle Eastern pharmaceutical industry. Medimat is a next-generation device that helps optimize all parts of the dispensing process in central pharmacies.
January 2020 TouchPoint Medical Inc. has expanded its automated medicine dispensing range with the debut of the next-generation dispense series. The new dispense product line offers various dispensing choices and security on a single software platform. Furthermore, it uses a single software platform, medLogicTM, to provide single-dose dispensing, single-line item control, and bulk item storage.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 31.5billion |
| Market Size 2023 | USD 33.6105billion |
| Market Size 2032 | USD 6.3 billion |
| Compound Annual Growth Rate (CAGR) | 9.8%(2023-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type,End User, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The analysis covers the United States, Canada, Germany, France, the United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. |
| Key Companies Profiled | Key players in the market include 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 Corporation. |
| Key Market Opportunities | Advancements in healthcare technology are driving rapid development in various applications. |
| Key Market Dynamics | Patient satisfaction, resource management better resource management |
Automated Dispensing Machines Market Highlights:
Frequently Asked Questions (FAQ) :
The Automated Dispensing Machines market size was valued at USD 31.5 Billion in 2022.
The market for Automated Dispensing Machines is expected to grow at a CAGR of 9.8%from 2023 to 2032.
North America had the largest share of the market
The major players in the market areBecton, Dickinson and Company, Omnicell, Inc., ScriptPro LLC, Avery Weigh-Tronix, Pearson Medical Technologies, Baxter, Capsa Healthcare, YUYAMA Co., Ltd, Talyst, LLC, and Cerner Corporation.
The Centralized Automated Dispensing Systemscategory dominated the market in 2022.
Hospitals witnessed the largest share of the market.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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