Global Automatic Pill Dispenser Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Automatic Pill Dispenser Market 2021 (Includes Business Impact of COVID-19)
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.
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The global Automatic Pill Dispenser market size was valued at USD $2.16 million in 2020 and is projected to reach USD $4.57 million by 2030, and is anticipated to expand at a CAGR of 7.75% 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.

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


Key Market Players included in the report:


  
Accu-Chart Plus Healthcare Systems, Inc.
  
ARxIUM Inc.
  
Baxter International Inc.
  
Becton, Dickinson and Company
  
Capsa Solution LLC
  
Cerner Corporation
  
Dickinson and Company
  
Howard Industries, Inc.
  
InstyMeds Corporation
  
McKesson Corporation
  
Medipense Inc.
  
Omnicell Inc.
  
PARATA SYSTEMS, LLC
  
Robotik Technology
  
ScriptPro LLC
  
Swisslog Holdings AG
  
Synergy Medical
  
Talyst Inc.
  
Tema Sinergie
  
TriaTech Medical Systems Inc.
  
YUYAMA Co.,Ltd


Below are the key development related to Automatic Pill Dispenser Market in 2020 and 2021.


December 2020: Medicure Enters the US Online Pharmacy World with Acquisition of Marley Drug. Medicure Inc. ("Medicure" or the "Company") (TSXV: MPH) (OTC: MCUJF), a cardiovascular pharmaceutical company, announced that, through its wholly-owned U.S. subsidiary, Medicure Pharma Inc., it entered into a definitive agreement on December 15, 2020, to acquire 100% of Marley Drug, Inc ("Marley"), a leading specialty pharmacy serving more than 30,000 customers across the United States, from an arms-length third-party, for an upfront payment on closing of USD $6.3 million, subject to certain holdbacks, as well as additional payments based on future performance of Marley. Marley generated unaudited revenue and EBITDA of approximately USD $7.0 million and over USD $1.7 million for the 12-month period ended October 31, 2020, respectively. Marley provides excellent customer service, cost competitive medications, immediate direct to patient delivery, and is licensed in all 50 states, Washington D.C. and Puerto Rico. Its advanced operating systems include automated pill dispensing, an extended supply generic drug program, and an effective customer communication system. Marley has been successful in marketing directly to customers, providing access to medications without the need for insurance, and building a nationwide customer base. Source

July 2020: MedMinder Re-engineers the Pharmacy With Release of First Telemedicine-Enabled Pill Dispenser. Smart pill dispenser ensures patients receive their medication and take the correct dosage at the right time without the need for assistance or to leave their home. Innovative pharmacy MedMinder, announced, the introduction of the first automatic pill dispenser with telemedicine capabilities focused on the elderly and chronically ill. The release comes at a time when these individuals are increasingly relying on remote medical solutions to meet their medical needs while allowing them to maintain their independence. Non-adherence to prescription medication is a medical health crisis leading to 125,000 annual deaths and often requiring the elderly to enter assisted living facilities. With the need brought on by the coronavirus to isolate vulnerable populations for their own safety, there is a dire need for a solution to monitor medication intake from afar and provide remote medical care, and peace of mind for their families. MedMinder delivers the patients medication to their door, in pre-organized daily trays for the entire month. The tray slides directly into the smart pill dispenser which unlocks only one capsule of medications at the prescribed time. If the user doesnt take the medication even after receiving alerts, a family member is notified. With the new MedMinder dispenser, the pharmacist is only one-click away by featuring a full touch screen that allows users to connect with medical professionals and caregivers, view information about their medication, and connect third-party devices such as blood pressure machines, scales, and thermometers via Bluetooth. It also allows for the patients family to upload photos to the device remotely to help them feel connected from afar. Source