Automatic Pill Dispenser Market Research Report - Forecast till 2027

Automatic Pill Dispenser Market Research Report: Information by Type (Centralized Automated Dispensing System, Decentralized Automated Dispensing System), End User (Hospital Pharmacy, Retail Pharmacy, Home Healthcare) and Region - Forecast till 2027

ID: MRFR/HC/6536-HCR | February 2021 | Region: Global | 90 pages

Automatic Pill Dispenser Market Overview


The Automatic Pill Dispenser Market value was USD 1700 million in the year 2018, and it is expected to register a CAGR rate of 7.3% during forecast period. An automatic Pill Dispenser is a system that helps to dispense the right medication, and it is the best way to manage complex medication production. The Automatic Pill Dispenser helps to reduce the human error factor in the medicine distribution to patients with various medical conditions. The Automatic Pill Dispenser is also very useful in the old ages where the right dosage of medicine is very important.


Automatic Pill Dispenser is widely used in medicine management, medication counting, inventory control for doctors, nurses, pharmacists, patients, and caretakers. Automatic Pill Dispensers are also used for medical purposes to assist the patients and chronically ill patients, elderly patients in taking their prescription medicine or daily supplements on a fixed schedule. The Automatic Pill Dispenser is cost-effective and offers accurate results. It is widely used in the pharmacy to boost productivity. Additionally, patients with a complicated prescription routine and memory loss problems can be highly benefitted with the help of an Automatic Pill Dispenser. The Automatic Pill Dispenser Market size is set to grow due to the rising number of complications in the medication regimes.


The prevalence of chronic diseases as well as has propelled the Automatic Pill Dispenser Market trends. The adoption of Automatic Pill Dispenser will grow with the healthcare technologies advancement. Apart from that, the growth in burden of diseases and the increasing population around the world. With the increasing cases of Alzheimer's and dementia, the chances of missing the doses are also increasing. As a result, it is boosting the need for an Automatic Pill Dispenser. The advanced high-tech solution in the healthcare sector is helping people to manage medication; as a result, the adoption of this technology is increasing.


Covid-19 analysis


The coronavirus outbreak was first seen in the Wuhan city of China. Within few weeks, the virus spread around the world, and mow it has become a major challenge for nations across the world. With the sudden spread of the virus, the healthcare sector was highly affected, and it has influenced the working procedure in the healthcare sector. The Healthcare sector is one of the major industries where strict guidelines are to be followed by doctors, nurses, and healthcare workers. To reduce the spread of the virus, the government has imposed social distancing guidelines. Due to this, the healthcare sector takes the help of Automatic Pill Dispenser to avoid human interaction. Also, to help the patient take the right dose at the right time. But due to the travel restrictions and lockdown, the supply chain was highly influenced as the production works were on a halt. It also has an impact on the Automatic Pill Dispenser Market. Overall, the Automatic Pill Dispenser Industry had a positive impact due to the covid-19 pandemic. The Automatic Pill Dispenser Market is expected to grow after the post-Covid situation owing to the various health complications.


Regional Market Summary


Global Automatic Pill Dispenser Market Share (%), by Region, 2018  Automatic Pill Dispenser Market_Image


Sources: MRFR Analysis


Market dynamics


Drivers


The primary drivers in the market are the prevalence of diseases like cancer, diabetes, chronic diseases, and other health concerns. The Automatic Pill Dispenser machine can provide help and very accurate medication to these people. Apart from the growing elderly population and memory loss is one of the major drivers in the Automatic Pill Dispenser Industry.


According to the department of economics and social affair, United Nations, in 2020, there were 728 million people in the world aged 65 or above, and it is expected to reach 1.5 billion by 2050. And it will drive the Automatic Pill Dispenser Market growth. Additionally, the increasing memory loss diseases will also drive the market in the Automatic Pill Dispenser Industry.


Opportunities


The government around the world is taking initiatives for the smooth operation of the healthcare sector. The rising government initiatives along with regulatory approval will bring opportunities for the Automatic Pill Dispenser Industry. Apart from that lunch of new devices and technological advancement and increasing investments in the homecare cents will generate opportunities for the Automatic Pill Dispenser Industry in the coming years. Adoption of modern technology and increasing awareness of healthcare products will create opportunities for the Automatic Pill Dispenser Industry as well.


Restraints


The Automatic Pill Dispenser is run with the help of software, and even a small error in the software can be dangerous for the patients. Apart from that in a busy hospital environment can be a big challenge for the Automatic Pill Dispenser Market.


Challenges


One of the biggest challenges in the market is the initial cost. The adoption of Automatic Pill Dispenser involves a high initial cost, and it gives a low return on investment. The underdeveloped regions are not aware of the availability of advanced technology, and lack of awareness and knowledge has been one of the major challenges in the Automatic Pill Dispenser Market.


Some regions have low economic development, and they can't afford to invest in this Automatic Pill Dispenser. As a result, it has become a challenge for the market. The key players are trying their best to overcome these challenges and boost the demand of the market in the Automatic Pill Dispenser Market forecast period.


Cumulative growth analysis


The wide application of Automatic Pill Dispenser in healthcare sectors is boosting the demand of Automatic Pill Dispenser Market. Due to this, the Automatic Pill Dispenser Market is expected to register a CAGR of 7.3%. With changing lifestyles and economic development in the developed regions, the market will see many opportunities in the Automatic Pill Dispenser Market.


Market segmentation


The Automatic Pill Dispenser Market is segmented on the basis of type, end-user, and region.


By type


On the basis of type, the Market is further segmented into an automated dispensing system, centralized and decentralized, and an automated dispensing system. The centralized, automated dispensing system is again classified into robotic automated dispensing systems and carousels.


Further, the decentralized automated dispensing system is divided into the pharmacy-based automated dispensing system, automated unit-dose dispensing system, and ward-based automated dispensing system.


By end-user


On the basis of end-user, the Market is segmented into hospitals pharmacies, retail pharmacies, and home healthcare.


The hospital pharmacies were responsible for the highest Automatic Pill Dispenser Market share in the 2-17,


By regions


On the basis of regions, the Market is segmented into America, Asia-pacific, Europe, and the Middle East, and the African region. The American region is further divided into North America, South America.


Again, the North American market is divided into the US and Canada. The Europe region is divided into Western Europe and eastern Europe. Western Europe has been classified into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. Asia-pacific is segmented into china, japan, India, South Korea, Australia, and the rest of Asia-pacific.


Regional analysis


The major regions in the Automatic Pill Dispenser Market are America, Asia-pacific, Europe, and the Middle East and African region. Among them, North America holds the highest share in the Automatic Pill Dispenser Industry, and it is expected to dominate the market in the forecast period as well due to the wide adoption of advanced technology in the healthcare sector to make the patient's life hassle-free. Also, a large pool of customers and rapid growth of the geriatric population is boosting the market in this region. The European market holds the second-highest Automatic Pill Dispenser Market share due to the rise in the population and increasing healthcare facilities from the government and private organizations. Asia-pacific is expected to register the highest CAGR rate due to the rapid growth of population and increasing cases of diseases, growing awareness, and government initiatives.


Competitive analysis


The major players in the Automatic Pill Dispenser Market are:



  • McKesson Corporation

  • Yuyama Co.Ltd.

  • Talyst, Inc.

  • ScriptPro LLC

  • Baxter International Inc.

  • Becton, Dickinson, and Company

  • Omnicell Inc.

  • Capsa Healthcare

  • Swisslog Holdings AG

  • Cerner Corporation


Among these key players, Cerner Corporation is one of the major contributors to the Automatic Pill Dispenser Industry.  


Recent developments



  • In July 2020, Medminder Systems launched a telehealth-enabled automatic pill dispenser in the US. The dispenser is focusing on offering remote services to chronically patients and elderly individuals. 


Report overview


This Automatic Pill Dispenser Market report is based on the qualitative and quantitative analysis of the Automatic Pill Dispenser Market. This report highlights the Automatic Pill Dispenser Industry outlook on the market overviews, covid-19 analysis, market dynamics, and Automatic Pill Dispenser Industry analysis. This Automatic Pill Dispenser Industry also shows the regional analysis, competitive landscape, and recent development of the market.


Segmental table


By type



  • Centralized Automated Dispensing Systems

  • Decentralized Automated Dispensing Systems


By end-use



  • Hospital Pharmacies

  • Retail Pharmacies 

  • Home Healthcare

  • Others


By region



  • America, 

  • Asia-pacific, 

  • Europe

  • The Middle East and African region



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 1,700 million
  CAGR   2018-2023: 7.3%
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, End user, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Yuyama Co.Ltd., Talyst, Inc.
  Key Market Opportunities   Technological advancements
  Key Market Drivers   Growing geriatric population


Frequently Asked Questions (FAQ) :


Automatic Pill Dispenser was valued at USD 1.7 billion in 2018.

Automatic Pill Dispenser Market is expected to exhibit a strong 7.3% CAGR over the forecast period from 2019 to 2024.

The growing geriatric population is the major driver for the automatic pill dispenser market.

The Americas hold a dominant share of more than 45% in the global market.

Leading players in the market include Baxter, Becton Dickinson and Company, Cerner, Omnicell, ScriptPro, Talyst, Swisslog Holdings, Yuyama, and Capsa Healthcare, among others.

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 Macroeconomic Indicators

4.5 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 Opportunities

5.4 Pricing Analysis

Chapter 6. Global Automatic Pill Dispenser Market, by Type

6.1 Introduction

6.2 Centralized automated dispensing system

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.1 Robotic Automated Dispensing Systems

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.2 Carousels

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3 Decentralized automated dispensing system

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3.1 Pharmacy-based automated dispensing system

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3.2 Ward-based automated dispensing system

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3.3 Automated unit dose dispensing system

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 7. Global Automatic Pill Dispenser Market, by End User

7.1 Introduction

7.2 Hospital Pharmacy

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3 Retail Pharmacy

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.4 Home Healthcare

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 8. Global Automatic Pill Dispenser 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 Baxter International Inc.

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 Becton, Dickinson and Company

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 Cerner Corporation

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 Capsa Healthcare

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 McKesson Corporation

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 Omnicell 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 ScriptPro LLC

10.7.1 Overview

10.7.2 Product Overview

10.7.3 Financials

10.7.4 Key Developments

10.7.5 SWOT Analysis

10.8 Swisslog Holdings AG

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, Inc.

10.10.1 Overview

10.10.2 Product Overview

10.10.3 Financials

10.10.4 Key Developments

10.10.5 SWOT Analysis

10.10 Other

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 global Automatic Pill Dispenser market

Chapter 12 Appendix

LIST OF TABLES

Table 1 Automatic Pill Dispenser Market Synopsis, 2020-2027

Table 2 Automatic Pill Dispenser Market Estimates and Forecast, 2020-2027(USD Million)

Table 3 Global Automatic Pill Dispenser Market, by Region, 2020-2027(USD Million)

Table 4 Global Automatic Pill Dispenser Market, by Type, 2020-2027(USD Million)

Table 6 Global Automatic Pill Dispenser Market, End User, 2020-2027(USD Million)

Table 7 North America: Automatic Pill Dispenser Market, by Type, 2020-2027(USD Million)

Table 9 North America: Automatic Pill Dispenser Market, End User, 2020-2027(USD Million)

Table 10 US: Automatic Pill Dispenser Market, by Type, 2020-2027(USD Million)

Table 12 US: Automatic Pill Dispenser Market, End User, 2020-2027(USD Million)

Table 13 Canada: Automatic Pill Dispenser Market, by Type, 2020-2027(USD Million)

Table 15 Canada: Automatic Pill Dispenser Market, End User, 2020-2027(USD Million)

Table 16 South America: Automatic Pill Dispenser Market, by Type, 2020-2027(USD Million)

Table 18 South America: Automatic Pill Dispenser Market, End User, 2020-2027(USD Million)

Table 19 Europe: Automatic Pill Dispenser Market, by Type, 2020-2027(USD Million)

Table 21 Europe: Automatic Pill Dispenser Market, End User, 2020-2027(USD Million)

Table 22 Western Europe: Automatic Pill Dispenser Market, by Type, 2020-2027(USD Million)

Table 24 Western Europe: Automatic Pill Dispenser Market, by End User, 2020-2027(USD Million)

Table 25 Eastern Europe: Automatic Pill Dispenser Market, by Type, 2020-2027(USD Million)

Table 27 Eastern Europe: Automatic Pill Dispenser Market, End User, 2020-2027(USD Million)

Table 28 Asia-Pacific: Automatic Pill Dispenser Market, by Type, 2020-2027(USD Million)

Table 30 Asia-Pacific: Automatic Pill Dispenser Market, End User, 2020-2027(USD Million)

Table 31 Middle East & Africa: Automatic Pill Dispenser Market, by Type, 2020-2027(USD Million)

Table 33 Middle East & Africa: Automatic Pill Dispenser Market, End User, 2020-2027(USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Automatic Pill Dispenser Market

Figure 3 Market Dynamics for Global Automatic Pill Dispenser Market

Figure 4 Automatic Pill Dispenser Market Share, by Type, 2020

Figure 6 Automatic Pill Dispenser Market Share, End User, 2020

Figure 7 Automatic Pill Dispenser Market Share, by Region, 2020

Figure 8 North America: Automatic Pill Dispenser Market Share, by Country, 2020

Figure 9 Europe: Automatic Pill Dispenser Market Share, by Country, 2020

Figure 10 Asia-Pacific: Automatic Pill Dispenser Market Share, by Country, 2020

Figure 11 Middle East & Africa: Automatic Pill Dispenser Market Share, by Region, 2020

Figure 12 Automatic Pill Dispenser Market: Company Share Analysis, 2020 (%)

Figure 13 Becton, Dickinson and Company: Key Financials

Figure 14 Becton, Dickinson and Company: Segmental Revenue

Figure 15 Becton, Dickinson and Company: Geographical Revenue

Figure 16 Cerner Corporation: Key Financials

Figure 17 Cerner Corporation: Segmental Revenue

Figure 18 Cerner Corporation: Geographical Revenue

Figure 19 Baxter International Inc.: Key Financials

Figure 20 Baxter International Inc.: Segmental Revenue

Figure 21 Baxter International Inc.: Geographical Revenue

Figure 22 Capsa Healthcare.: Key Financials

Figure 23 Capsa Healthcare.: Segmental Revenue

Figure 24 Capsa Healthcare: Geographical Revenue




This table of content is tentative and subject to change as the research progresses.

Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.