Global Automatic Pill Dispenser Market Report, Insights, Trends, Driving Factors, Focus Points, Potential Markets, Developments, Company Share Analysis, And Forecast 2019 – 2028

                                          
Global automatic pill dispenser market 2021: By Product Type (Centralized Automated Dispensing System, Robotic Automated Dispensing Systems, Carousels, De-centralized Automated Dispensing System, Ward-based Automated Dispensing System, Pharmacy-based Automated Dispensing System, Automated Unit Dose Dispensing System), By Indication (Dementia, Old age, Visual Impairment, Physical Disability, Parkinsons Disease, Mental Health excluding dementia, Learning difficulties, Others), By Age Group (18-64 Years, 65-74 Years, 75-84 Years, 85 Years and Above), By End User (Hospital Pharmacy, Home Healthcare, Retail Pharmacy)

Global automatic pill dispenser market was valued at US$ X Bn in 2018 and is projected to reach a value of US$ X.X Bn in 2028. The global automatic pill dispenser market report has been segmented on the basis of product type, indication, age group, end user, and region & country.Request Covid - 19 Impact

The Global Automatic Pill Dispenser market size was valued at USD $1 Billion in 2020, USD $1.09 Billion in 2021, forecasted to reach  USD $1.18 Billion in 2022, and is projected to reach USD $2.24 Billion by 2030, and is anticipated to expand at a CAGR of 8.4% over the forecast period from 2020 to 2030.

Automatic Pill Dispenser: Product Overview

An automatic pill dispenser is a medical device or equipment which helps to manage a medication schedule of the patient on their own without help of a caregiver. These machines are intended to simplifying workload of doctors, nurses, and other healthcare service providers by facilitating medicine management, medication counting, dispensing and inventory management of medicines.

Dynamics: Global Automatic Pill Dispenser Market

Rising prevalence of various chronic diseases such as asthma, cancer, diabetes, among other diseases and disorders, coupled with the ever-growing population across the globe are some key factors anticipated to drive growth of the global market. The geriatric population is highly prone to various severe diseases and requires on-time medication for better healthcare. However, it is practically not possible for the caregivers to give full attention for 24 hours and for longer period of time. This is among the major factors anticipated to fuel demand for automatic pill dispensers and support revenue growth of the global market. One of the major benefits associated with this dispenser is it reduces possible risk of over dosage of the medicines by controlling dispense of drugs, which is a factor projected to propel the target market growth. Increasing adoption of the home-based care system, owing to busy lifestyles of the working population is a factor estimated to augment global market growth over the next few years.

However, high cost associated with installation of some variants of these machines and stringent regulations of government authorities regarding production and sales of these dispensers are some major factors that could hamper global market growth to some extent.

Global Automatic Pill Dispenser Market: Segmental Analysis

On the Basis of Product Type:

Amid the product type segment, the centralized automated dispensing system segment is anticipated to record the highest share in terms of value in the global market. This is attributed to the increasing adoption of automatic pill dispensers among hospitals and other healthcare service providers for effective medication.

On the Basis of End User:

Amid the end user segments, the hospital pharmacy and retail pharmacy segments are estimated to account for larger revenue shares in the target market, which can be attributed to increasing incidence of various chronic diseases and trauma incidents in hospitals.

Regional Analysis: Automatic Pill Dispenser Market

North America market is anticipated to dominate in the global automatic pill dispenser market and is projected to maintain its dominance over the 10-year forecast period. This can be attributed to strong presence of the well-equipped healthcare industry. In addition, growing geriatric population, growing prevalence of severe and life-threatening health issues and disorders such as cancer, diabetes, etc. and increasing expenditure on healthcare services are some other factors expected to support the revenue growth of the market in this region. High awareness regarding various medical devices and increasing occurrences of an overdose of medicines are some additional factors expected to propel the North America market growth. The Asia Pacific automatic pill dispenser market is estimated to witness significant growth, which can be attributed to increasing population, coupled with increasing incidences of chronic diseases and other health issues. In addition, growing awareness regarding over dosage of the medications or pills and rising necessity of self-care and home-based treatments, owing to the hectic lifestyle are some other factors fueling demand for automatic pill dispensers and supporting market growth.

Below are the leading companies profiled in this Automatic Pill Dispenser Market Report:

  
Accu-Chart Plus Healthcare Systems Inc.
  
ARxIUM Inc.
  
Baxter International Inc.
  
Becton
  
Dickinson and Company
  
Capsa Healthcare
  
Cerner Corporation
  
Dickinson
  
Hero Health Inc
  
InstyMeds Corporation.
  
Koninklijke Philips N.V.
  
McKesson Corporation
  
Omnicell Inc.
  
ScriptPro LLC
  
Swisslog Holdings AG
  
Talyst, Inc.
  
Yuyama Co.Ltd.

Global Automatic Pill Dispenser Market Segmentation:

Segmentation by Product Type

  
Centralized Automated Dispensing System
  
Robotic Automated Dispensing Systems
  
Carousels
  
De-centralized Automated Dispensing System
  
Ward-based Automated Dispensing System
  
Pharmacy-based Automated Dispensing System
  
Automated Unit Dose Dispensing System

Segmentation by Indication

  
Dementia
  
Old age
  
Visual Impairment
  
Physical Disability
  
Parkinsons Disease
  
Mental Health excluding dementia
  
Learning difficulties
  
Others

Segmentation by Age Group

  
18-64 Years
  
65-74 Years
  
75-84 Years
  
85 Years and Above

Segmentation by End User

  
Hospital Pharmacy
  
Home Healthcare
  
Retail Pharmacy
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Automatic Pill Dispenser market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Automatic Pill Dispenser market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Automatic Pill Dispenser market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Automatic Pill Dispenser market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Automatic Pill Dispenser market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Automatic Pill Dispenser market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Automatic Pill Dispenser industry?