The new report by Expert Market Research titled, ‘Global Automatic Pill Dispenser Machine Market Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the global automatic pill dispenser machine market, assessing the market based on its segments like types, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Automatic Pill Dispenser Machine Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7%
The rising rates of hospitalisation due to the increasing prevalence of chronic diseases is driving the demand for automatic pill dispenser machines. Meanwhile, the increasing geriatric population, along with the risk of poor medication and insufficiency to adhere to medications associated with it, is further bolstering the market.
Over the forecast period, the rapid automation in the hospital pharmacies, aimed towards reducing the complexity of managing pills by eliminating the need of sorting pills into pill box slots every week, is anticipated to boost the market growth in the coming years.
Geographically, North America accounts for a significant share in the market owing to the advanced healthcare infrastructure in the United States and Canada.
Automatic Pill Dispenser Machine Industry Definition and Major Segments
Automatic pill dispenser machine is defined as an equipment which distributes prescription medicines at a particular time. The main function of this machine is to make available the pills when one needs them to prevent the consumption of wrong pills at the wrong time. The product is very useful for the geriatric population who require medications and vitamins on a daily basis.
On the basis of type, the market can be segmented into:
- Centralised Automated Dispensing Systems
- Decentralised Automated Dispensing Systems
- Automated Unit Dose Dispensing System
Based on application, the market has been categorised into:
• Hospital Pharmacies
• Retail Pharmacies
• Home Healthcare
The regional markets for automatic pill dispenser machine include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Automatic Pill Dispenser Machine Market Trends
The key trends in the automatic pill dispenser machine market include the increasing penetration of advanced equipment and machines in the home healthcare owing to the rising disposable income. Meanwhile, the increasing investment on the decentralised automated dispensing systems by retail pharmacies are anticipated to be the other key trends in the market.
Moreover, the increasing prevalence of lifestyle disorders such as obesity, weakness, and high blood-pressure, among others, is likely to propel the demand for automatic pill dispenser machine in healthcare. Furthermore, the market is anticipated to be aided by the growing R&D activities by the major market players to develop cheaper and efficient automatic pill dispenser machines.
Key Market Players
The major players in the market are:
- Becton, Dickinson and Company
- Cerner Corporation
- Talyst, LLC
- YUYAMA Co.,Ltd
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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