Automated Dispensing Machines Market Research Report by Product Type (Centralized Automated Dispensing Systems and De-Centralized Automated Dispensing Systems), End User (Hospitals, Pharmacy Stores, Laboratories, and Others), and Region-Global Forecast till 2027
ID: MRFR/MED/5168-HCR | February 2021 | Region: Global | 90 pages
Market Scenario
The Global Automated Dispensing Machines Market is expected to grow significantly over the forecast period. It is estimated that the global automated dispensing machines market is expected to register a CAGR of 8.1% with an estimated market value of USD 4,931 million during the forecast period from 2018 to 2023.
Automated dispensing machines are designed for centralized filling of individual patient prescriptions and unit-dose medication orders as well as decentralized dispensing. These automated dispensing machines are intended to decrease incidents of patient medication error. Usage of automated dispensing machines enhances the safety of administration of high-alert medications and thus assists hospitals and other users to achieve the safety goal. Several factors such as patient satisfaction, resource management, the rapid development of technology applications in healthcare, including automated dispensing devices fuel the growth of the market. Due to the increased demand, companies are focusing on developing efficient automated dispensing devices. For instance, in January 2016, Omnicell, Inc., a leading provider of medication and supply management solutions to healthcare systems, completed the acquisition of Aesynt Holding Coöperatief U.A. The addition of Aesynt to the Omnicell company will add distinct capabilities in IV robotics, central pharmacy robotics, automated dispensing systems, and analytics. However, legislative and regulatory barriers, medication and implementation errors, may hamper the market growth during the assessment period. Also, malfunctions, power failures, or unplanned maintenance of the machines might also curb the growth of the automated dispensing machines market.
Key Players
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 are some of the key players in the global automated dispensing machines market.
Intended Audience
- Pharmaceutical Companies
- Research and Development (R&D) Companies
- Diagnostic and Clinical Laboratories
- Government Research Institute
- Public and Private Pharmacies
Market Segmentation
The Global Automated Dispensing Machines Market has been segmented into product type, and end-user.
The market, on the basis of product type, has been segmented into centralized automated dispensing systems and de-centralized automated dispensing systems.
The centralized automated dispensing system is estimated to hold the largest share owing to the rise in preference of the system and decrease in costs and errors, whereas the de-centralized automated dispensing systems accounts to be the fastest growing segment due to increased awareness among the hospitals and pharmacies.
The market, by centralized automated dispensing systems, has been further segmented into automated robotic systems and manually operated unit-dose system.
The market, by end-user, has been segmented into hospitals, pharmacy stores, laboratories, and others.
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The automated dispensing machines market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European automated dispensing machines market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The automated dispensing machines market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The automated dispensing machines market in the Middle East & Africa has been segmented into the Middle East and Africa.
Global Automated Dispensing Machines Market Share (%), by Region, 2017
Source: World Health Organization (WHO), Centers for Disease Control and Prevention (CDC)
Regional Market Summary
Geographically, the Americas is anticipated to dominate the global automated dispensing machines market owing to a well-developed healthcare sector and growing healthcare expenditure. Additionally, favorable reimbursement scenario and increased deaths due to medical errors in this region contribute to the growth of the market. According to the data published in the British Medical Journal (BMJ) in the year 2016, there occur more than 250,000 deaths per year due to medical error in the US.
Europe is expected to hold the second largest position in the global automated dispensing machines market. The worldwide increase in the geriatric population leads to greater occurrences of chronic and life-threatening diseases and high volume of dispensing medications. Thus, hospitals and pharmacies are starting to adopt new pharmacy automation technologies to reduce their operating costs and improve patient safety. According to World Population Prospects: the 2017 Revision, Europe has the greatest percentage of the population aged 60 or over.
Asia-Pacific is anticipated to be the fastest growing region in the market due to the presence of a huge patient population, continuously developing economies and increasing government funding for the healthcare sector.
On the other hand, the Middle East & Africa has the least share of the market. Majority of the market of this region is expected to be held by the Middle East region due to growing government initiatives for the healthcare sector.
Segmentation Overview:
Global Automated Dispensing Machines Market, by Product Type
- Centralized Automated Dispensing Systems
- Robotic Automated Systems
- Manually Operated Unit-Dose System
- De-Centralized Automated Dispensing Systems
Global Automated Dispensing Machines Market, by End-User
- Hospitals
- Pharmacy Stores
- Laboratories
- Others
Global Automated Dispensing Machines Market, by Region
- Americas
- North America
- US
- Canada
- South America
- North America
- Europe
- Western Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
- Western Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Middle East
- Africa
Frequently Asked Questions (FAQ) :
The automated dispensing machines market is projected to grow at an 8.1% CAGR between 2018-2023.
The automated dispensing machines market predicted to touch USD 4,931 million by 2023.
The Americas is projected to command the largest share in the automated dispensing machines market.
Patient satisfaction and better resource management are adding market growth.
Regulatory barriers may limit market growth.
Table of Contents
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
Chapter 6. Global Automated Dispensing Machines Market, by Product Type
6.1 Introduction
6.2 Centralized Automated Dispensing Systems
6.2.2 Robotic Automated Systems
Market Estimates & Forecast, by Region, 2020-2027
Market Estimates & Forecast, by Country, 2020-2027
6.2.3 Manually Operated Unit-Dose System
Market Estimates & Forecast, by Region, 2020-2027
Market Estimates & Forecast, by Country, 2020-2027
Chapter 7. Global Automated Dispensing Machines Market, by End-User
7.1 Hospitals
Market Estimates & Forecast, by Region, 2020-2027
Market Estimates & Forecast, by Country, 2020-2027
7.2 Pharmacy Stores
Market Estimates & Forecast, by Region, 2020-2027
Market Estimates & Forecast, by Country, 2020-2027
7.3 Laboratories
Market Estimates & Forecast, by Region, 2020-2027
Market Estimates & Forecast, by Country, 2020-2027
7.4 Others
Market Estimates & Forecast, by Region, 2020-2027
Market Estimates & Forecast, by Country, 2020-2027
Chapter 8. Global Automated Dispensing Machines Market, by Region
8.1 Introduction
8.2 Americas
8.2.1 North America
8.2.1.1 US
8.2.1.2 Canada
8.2.2 South America
8.3 Europe
8.3.1 Western Europe
8.3.1.1 Germany
8.3.1.2 France
8.3.1.3 Italy
8.3.1.4 Spain
8.3.1.5 UK
8.3.1.6 Rest of Western Europe
8.3.2 Eastern Europe
8.4 Asia-Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 South Korea
8.4.6 Rest of Asia-Pacific
8.5 Middle East & Africa
8.5.1 Middle East
8.5.2 Africa
Chapter 9. Company Landscape
9.1 Introduction
9.2 Market Share Analysis
9.3 Key Development & Strategies
Chapter 10. Company Profiles
10.1 Becton, Dickinson and Company
10.1.1 Company Overview
10.1.2 Product Overview
10.1.3 Financials Overview
10.1.4 Key Developments
10.1.5 SWOT Analysis
10.2 Omnicell, Inc.
10.2.1 Company Overview
10.2.2 Product Overview
10.2.3 Financial Overview
10.2.4 Key Developments
10.2.5 SWOT Analysis
10.3 ScriptPro LLC
10.3.1 Company Overview
10.3.2 Product Overview
10.3.3 Financial Overview
10.3.4 Key Development
10.3.5 SWOT Analysis
10.4 Avery Weigh-Tronix
10.4.1 Company Overview
10.4.2 Product Overview
10.4.3 Financial Overview
10.4.4 Key Development
10.4.5 SWOT Analysis
10.5 Pearson Medical Technologies, LLC
10.5.1 Company Overview
10.5.2 Product Overview
10.5.3 Financial overview
10.5.4 Key Developments
10.5.5 SWOT Analysis
10.6 Accu-Chart Plus Healthcare Systems, Inc.
10.6.1 Company Overview
10.6.2 Product Overview
10.6.3 Financial Overview
10.6.4 Key Developments
10.6.5 SWOT Analysis
10.7 Baxter
10.7.1 Overview
10.7.2 Product Overview
10.7.3 Financial Overview
10.7.4 Key Developments
10.7.5 SWOT Analysis
10.8 Capsa Healthcare
10.8.1 Overview
10.8.2 Product Overview
10.8.3 Financials
10.8.4 Key Developments
10.8.5 SWOT Analysis
10.9 YUYAMA Co., Ltd
10.9.1 Overview
10.9.2 Product Overview
10.9.3 Financials
10.9.4 Key Developments
10.9.5 SWOT Analysis
10.10 Talyst, LLC
10.10.1 Overview
10.10.2 Product Overview
10.10.3 Financials
10.10.4 Key Developments
10.10.5 SWOT Analysis
10.11 Cerner Corporation
10.11.1 Overview
10.11.2 Product Overview
10.11.3 Financials
10.11.4 Key Developments
10.11.5 SWOT Analysis
Chapter 11 MRFR Conclusion
11.1 Key Findings
11.1.1 From CEO’s Viewpoint
11.1.2 Unmet Needs of the Market
11.2 Key Companies to Watch
11.3 Predictions for the Automated Dispensing Machines Industry
Chapter 12. Appendix
LIST OF TABLES
Table 1 Global Automated Dispensing Machines Market Synopsis, 2020-2027
Table 2 Global Automated Dispensing Machines Market Estimates and Forecast, 2020-2027 (USD Million)
Table 3 Global Automated Dispensing Machines Market, by Product Type, 2020-2027 (USD Million)
Table 4 Global Automated Dispensing Machines Market, by End-User, 2020-2027 (USD Million)
Table 5 Global Automated Dispensing Machines Market, by Region, 2020-2027(USD Million)
Table 6 North America: Automated Dispensing Machines Market, by Product Type, 2020-2027 (USD Million)
Table 7 North America: Automated Dispensing Machines Market, by End-User, 2020-2027 (USD Million)
Table 8 North America: Automated Dispensing Machines Market, by Region, 2020-2027 (USD Million)
Table 9 US: Automated Dispensing Machines Market, by Product Type, 2020-2027 (USD Million)
Table 10 US: Automated Dispensing Machines Market, by End-User, 2020-2027 (USD Million)
Table 11 US: Automated Dispensing Machines Market, by Region, 2020-2027 (USD Million)
Table 12 Canada: Automated Dispensing Machines Market, by Product Type, 2020-2027 (USD Million)
Table 13 Canada: Automated Dispensing Machines Market, by End-User, 2020-2027 (USD Million)
Table 14 Canada: Automated Dispensing Machines Market, by Region, 2020-2027 (USD Million)
Table 15 South America: Automated Dispensing Machines Market, by Product Type, 2020-2027 (USD Million)
Table 16 South America: Automated Dispensing Machines Market, by End-User, 2020-2027 (USD Million)
Table 17 South America: Automated Dispensing Machines Market, by Region, 2020-2027 (USD Million)
Table 18 Europe: Automated Dispensing Machines Market, by Product Type, 2020-2027 (USD Million)
Table 19 Europe: Automated Dispensing Machines Market, by End-User, 2020-2027 (USD Million)
Table 20 Europe: Automated Dispensing Machines Market, by Region, 2020-2027 (USD Million)
Table 21 Western Europe: Automated Dispensing Machines Market, by Product Type, 2020-2027 (USD Million)
Table 22 Western Europe: Automated Dispensing Machines Market, by End-User, 2020-2027 (USD Million)
Table 23 Western Europe: Automated Dispensing Machines Market, by Region, 2020-2027 (USD Million)
Table 24 Eastern Europe: Automated Dispensing Machines Market, by Product Type, 2020-2027 (USD Million)
Table 25 Eastern Europe: Automated Dispensing Machines Market, by End-User, 2020-2027 (USD Million)
Table 26 Eastern Europe: Automated Dispensing Machines Market, by Region, 2020-2027 (USD Million)
Table 27 Asia-Pacific: Automated Dispensing Machines Market, by Product Type, 2020-2027 (USD Million)
Table 28 Asia-Pacific: Automated Dispensing Machines Market, by End-User, 2020-2027 (USD Million)
Table 29 Asia-Pacific: Automated Dispensing Machines Market, by Region, 2020-2027 (USD Million)
Table 30 Middle East & Africa: Automated Dispensing Machines Market, by Product Type, 2020-2027 (USD Million)
Table 31 Middle East & Africa: Automated Dispensing Machines Market, by End-User, 2020-2027 (USD Million)
Table 32 Middle East & Africa: Automated Dispensing Machines Market, by Region, 2020-2027 (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation for Global Automated Dispensing Machines Market
Figure 3 Segmentation Market Dynamics for Global Automated Dispensing Machines Market
Figure 4 Global Automated Dispensing Machines Market Share, by Product Type, 2020 (%)
Figure 5 Global Automated Dispensing Machines Market Share, by End-User, 2020 (%)
Figure 6 Global Automated Dispensing Machines Market Share, by Region, 2020 (%)
Figure 7 North America: Automated Dispensing Machines Market Share, by Country, 2020 (%)
Figure 8 Europe: Automated Dispensing Machines Market Share, by Country, 2020 (%)
Figure 9 Asia-Pacific: Automated Dispensing Machines Market Share, by Country, 2020 (%)
Figure 10 Middle East & Africa: Automated Dispensing Machines Market Share, by Country, 2020 (%)
Figure 11 Global Automated Dispensing Machines Market: Company Share Analysis, 2020 (%)
Figure 12 Becton, Dickinson and Company: Key Financials
Figure 13 Becton, Dickinson and Company: Segmental Revenue
Figure 14 Becton, Dickinson and Company: Geographical Revenue
Figure 15 Omnicell, Inc.: Key Financials
Figure 16 Omnicell, Inc.: Segmental Revenue
Figure 17 Omnicell, Inc.: Geographical Revenue
Figure 18 ScriptPro LLC: Key Financials
Figure 19 ScriptPro LLC: Segmental Revenue
Figure 20 ScriptPro LLC: Geographical Revenue
Figure 21 Avery Weigh-Tronix: Key Financials
Figure 22 Avery Weigh-Tronix: Segmental Revenue
Figure 23 Avery Weigh-Tronix: Geographical Revenue
Figure 24 Pearson Medical Technologies, LLC: Key Financials
Figure 25 Pearson Medical Technologies, LLC: Segmental Revenue
Figure 26 Pearson Medical Technologies, LLC: Geographical Revenue
Figure 27 Accu-Chart Plus Healthcare Systems, Inc.: Key Financials
Figure 28 Accu-Chart Plus Healthcare Systems, Inc.: Segmental Revenue
Figure 29 Accu-Chart Plus Healthcare Systems, Inc.: Geographical Revenue
Figure 30 Baxter: Key Financials
Figure 31 Baxter: Segmental Revenue
Figure 32 Baxter: Geographical Revenue
Figure 33 Capsa Healthcare: Key Financials
Figure 34 Capsa Healthcare: Segmental Revenue
Figure 35 Capsa Healthcare: Geographical Revenue
Figure 36 YUYAMA Co., Ltd: Key Financials
Figure 37 YUYAMA Co., Ltd: Segmental Revenue
Figure 38 YUYAMA Co., Ltd: Geographical Revenue
Figure 39 Talyst, LLC: Key Financials
Figure 40 Talyst, LLC: Segmental Revenue
Figure 41 Talyst, LLC: Geographical Revenue
Figure 42 Cerner Corporation: Key Financials
Figure 43 Cerner Corporation: Segmental Revenue
Figure 44 Cerner Corporation: Geographical Revenue