Automatic Pill Dispenser Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2688
Automatic Pill Dispenser Market size is set to see prolific expansion from 2021 to 2027 due to the rise in the number of complications in medication regimes. The increasing prevalence of diseases, including chronic disorders like osteoarthritis and Alzheimer’s, has bolstered the growing consumer preference for automated devices. In addition, the higher requirement for limiting manual medication and drug count errors is a promising driver for the proliferation of the industry.
Automatic pill dispensers are increasingly adopted by nurses, pharmacists, and caretakers for effective medication counting. The consistent rise in healthcare technological advancements, along with the increasing need for cost-effective solutions will contribute towards shaping the market growth curve.
With regards to type, the centralized automatic pill dispenser market, constituting robots and carousels, will gain prominence through 2027 given the presence of high-quality healthcare facilities in these settings. The booming geriatric population base has led to surging hospitalization rates. There is a stronger need for accurate and quick dispensing of medicines in hospitals. Furthermore, the rising abnormalities in manual dispensing along with the dearth of skilled pharmacists will lead to the substantial segment growth.
In terms of end-use, the automatic pill dispenser market is bifurcated across hospital pharmacy, retail pharmacy, and home healthcare. Among these, automatic pill dispensers are anticipated to record higher penetration across hospital pharmacies owing to increasing adoption in numerous healthcare facilities and the rising incidences of various diseases. These dispensers are largely utilized as they offer efficient storage & distribution abilities and minimized medication errors. The rising need for patient convenience and optimum point-of-care availability will add positive impetus to the product demand.
Regionally, North America is poised to record remarkable gains for the automatic pill dispenser market on account of the higher obligation for multiple medications. The rising consumer household incomes have resulted in increased up-gradation of the healthcare systems. The growing penetration of technologically advanced medical devices will further contribute to the market expansion.
Asia-Pacific automatic pill dispenser market is predicted to gain notable proceeds led by the surge in government support and the higher number of infectious diseases. The expanding healthcare improvements in the region are another prominent factor fostering the industry expansion.
Strategic collaborations, like partnerships, mergers as well as acquisitions, and novel device launches along with technological advancements, are some measures employed by major automatic pill dispenser industry players to consolidate their foothold in the competitive business scenario.
For instance, in April 2021, Scripps Health entered a multi-year sole source agreement with Omnicell, Inc. to make use of the latter’s management solutions and XT Automated Dispensing Systems in a bid to enhance its clinical and operational efficiencies.
In another instance, Capsa Healthcare, in June 2020, introduced NexsysADC, an innovative and automated dispensing cabinet deployed with unique technology to assist facilities in managing controlled medications and starter doses.
Baxter, McKesson Corporation, Cerner Corporation, Swisslog (KUKA), Yuyama, Capsa Healthcare, ScriptPro, Talyst, and Becton Dickinson are other leading suppliers of automatic pill dispensers.
Impact of COVID-19 pandemic on the automatic pill dispenser market forecast
The COVID-19 crisis caused a major upheaval in the global economy as it gave rise to thousands of trade barricades to numerous businesses across the world. However, the alarmingly increasing rate of infection has proved as a benefactor for the adoption of automatic pill dispensers considering the rising strain on healthcare systems. The growing need for decreased human contact has acted as a booster for the demand for the product. Additionally, the surge in workload across hospitals, higher obligation for patient satisfaction, and the effective dispensing time for single drugs will further influence the industry growth during the forecast period.
The automatic pill dispenser market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:
Market, By Component
- Frame size
- 19-inch rack
- Other racks
- Frame design
- Open frame rack
- Enclosed rack
- Customized rack
- Rack unit
- 45 & 48u
- Other rack units
- Frame size
Market, By Application
- IT & telecom
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South America
- South Africa
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability