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Automatic Pill Dispenser Market Size By Product (Centralized Automatic Dispenser {Carousels, Robotic}, Decentralized Automatic Dispenser {Ward Based Automated Dispensing System, Pharmacy Based Automated Dispensing System, Automatic Unit Dose Dispensing System}), By End-use (Hospitals, Pharmacies, Senior Care), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI2688
  • Published Date: Sep 2021
  • Report Format: PDF

Industry Trends

Automatic Pill Dispenser Market size exceeded USD 2 billion in 2020 and is projected to grow at a CAGR of over 9.5% between 2021 and 2027. The growing prevalence of chronic ailments among elderly people is anticipated to boost the market growth.
 

Automatic Pill Dispenser Market Overview

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However, stringent government regulations and errors caused by automatic pill dispenser may negatively influence the market expansion. A programming error in automatic pill dispensers may lead to reduced patient satisfaction and a rising lack of trust in healthcare facilities. The incorrect programming of intelligent pumps and IVs is a huge concern for chronic disease patients and can severely impact patients’ overall health. Owing to the considerable risk associated with the use of automatic pill dispenser in chronically ill patients, the U.S. FDA monitors the approval and use of this device. These devices are classified as a class I device that requires to submit reasonable assurance regarding the safety and effectiveness of the device.
 

The COVID-19 arose as an unprecedented public health concern that had led to economic adversities, social disruption, and affected the global economy significantly. In 2020, this pandemic had some indirect and direct negative impacts on the automatic pill dispenser market. The coronavirus outbreak forced drastic changes in the healthcare industry, hindered the daily operations of the medical professionals, and restricted hospital admissions. Scheduled hospital appointments for various disease treatments were referred to as non-emergent. The majority of the outpatient visits were considered to be elective hence, it was recommended to cancel all non-urgent visits assuming the risk involved due to transmission. The outbreak of coronavirus had caused an interruption in logistics & supply chain and forced the government bodies to implement travel limitations that restricted the movement of goods, thereby obstructing the industry growth.
 

Recent technological advancement to stimulate the automatic pill dispenser market progression

Recent technological advancements in the automatic pill dispenser are poised to impel the market in the near future. The arrival of automatic pill dispenser integrated with barcode scanning enables the exact medication dispensing coupled with prevent the loading of the wrong medication and deliver additional safety precaution for high-risk drugs. The bluetooth connectivity allow users to connect these devices to any compatible devices comprising phone to receive visual and audio notifications, thereby propelling the industry expansion positively. Nowadays, these devices are well equipped with a digital detachable timer designed for individuals with memory or cognitive disabilities that need frequent reminders to take medications. As a result, the industry demand is increasing significantly due to the advent of novel devices that facilitate the users to set the timings to dispense multiple medications at required timings.
 

Growing demand for centralized automatic dispenser will promote the market value

The centralized automatic pill dispenser market is expected to witness 9.4% growth rate through 2027 led by the several benefits comprising optimize medication storage, improves staff productivity, and reduce medication errors among others. Centralized automatic systems have a user in direct control of the dispensing method. A robotic centralized automatic dispenser organizes a large number of drugs without the need for any human intervention, enhances pharmaceutical operations, and provides security, thereby decreases chances of error or medicine theft considerably.
 

Additionally, these systems can fill over 1,000 prescriptions per hour as compared to manual operations, thereby significantly lessening the waiting time for patients leading to higher patient satisfaction. This can significantly reduce the cross contamination and infection associated with mishandling of prescribed drugs or germ exposure. As a result, a host of capabilities possessed by centralized automatic dispenser along with constant innovation and developments in this device are slated to significantly fuel the automatic pill dispenser market growth during the forecast period.
 

Several benefits offered by automatic pill dispenser in hospital to accelerate the market revenue

Automatic Pill Dispenser Market Size

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The hospitals end-use segment captured around 45% of the automatic pill dispenser market share in 2020. In hospitals, an automatic pill dispenser offers a medication management system that keeps medications well organized and secured, thereby driving the industry size. As per individual permissions, these systems can manage each user access to stored medicines and mechanically document & tracks all transactions. The computerized automatic pill dispenser used in hospitals is an advanced system for comprehensive management of the drug dispensing process that avoids human error, subtracts the drug from the central inventory in real-time, and updates the clinical case records.
 

High prevalence of chronic conditions in the North America region will spur the regional growth

Global Automatic Pill Dispenser Market

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U.S. dominated the North America automatic pill dispenser market and is predicted to reach USD 1.41 billion by 2027. The significant industry revenue is primarily attributable to the numerous factors such as a growing geriatric population along with the increasing prevalence of chronic diseases. In 2019, the number of people age 45-64 increased to 83.3 million in the U.S. As per the American Heart Association report, in 2016, around 43.7 million people age 60 or above had 1 or more types of cardiovascular diseases. This statistic indicates the increasing number of patients being admitted in hospitals and rising pressure on the traditional pharmaceutical system, thereby augmenting the industry value in the country.
 

Strategies adopted by prominent players to foster the market demand

Some of the major companies operating in the automatic pill dispenser market are Accu-Chart Plus Healthcare Systems, Inc., ARxIUM Inc., Becton, Dickinson, and Company, Capsa Healthcare, Cerner Corporation, Hero Health, Inc, and InstyMeds Corporation. These industry leaders are adopting strategic formulations such as new product development & commercialization, commercial expansion, distribution agreements for business expansion. Moreover, these participants are investing heavily in developing products and thereby driving the revenue generation.
 

Automatic pill dispenser market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

Market, By Product, 2016 - 2027 (USD Million)

  • Centralized Automatic Dispenser             
    • Carousels     
    • Robotic
  • Decentralized Automatic Dispenser                                       
    • Ward Based Automated Dispensing System                                     
    • Pharmacy Based Automated Dispensing System                               
    • Automatic Unit Dose Dispensing System                               

Market, By End-use, 2016 - 2027 (USD Million)

  • Hospitals
  • Pharmacies
  • Senior Care
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea 
  • Latin America
    • Brazil
    • Mexico
    • Argentina 
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

Market size of automatic pill dispenser exceeded USD 2 billion in 2020 and will witness a CAGR of over 9.5% between 2021 and 2027.

Centralized automatic dispenser market will observe a CAGR of 9.4% by 2027 as it optimizes medication storage, improves staff productivity, and reduces medication errors.

U.S. automatic pill dispenser market size will reach USD 1.41 billion by 2027 owing to rising cases of chronic disorders and growing geriatric population in the country.

The major manufacturers of automatic pill dispenser are Accu-Chart Plus Healthcare Systems, Inc., Becton, Dickinson, and Company, Capsa Healthcare, Cerner Corporation, InstyMeds Corporation, etc.

The hospitals had captured around 45% of the industry share in 2020 on account of increasing product demand for effective and secured medicine management.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 14
  • Tables & Figures: 239
  • Countries covered: 18
  • Pages: 150

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