The global automatic pill dispenser machine market revenue was around US$ 2.92 billion in 2022 and is estimated to reach US$ 5.93 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.2% during the forecast period from 2023 to 2031.
An automatic pill dispenser is a device that distributes medication on a schedule. The aim is to help elderly individuals and others who struggle to adhere to their medication schedule. Automatic pill dispensers are generally utilized in medical settings to help people, either chronically ill or old, take their prescribed drug, regular supplements, or over-the-counter medicine on a set schedule.
Market Driving Factors
The number of elderly people worldwide is rising significantly, and they are more vulnerable to heart problems such as stroke, cardiomyopathy, cardiac arrest, and arrhythmias. Furthermore, memory loss of some degree is typical in this population. This may result in an overdose or dosage skipping that can lead to health complications. In addition, elder patients struggle to open drug packages. Therefore, they need an automated pill dispensing system. Such factors propel the market growth.
Advancements in technology are expected to fuel market expansion. Automatic pill dispensers that utilize barcode scanning enable actual medicine delivery while also controlling incorrect medication from being loaded and adding additional safety measures for high-risk medications. Additionally, customers can receive both auditory and visual notifications by linking these devices via Bluetooth to any compatible device, including phones. This feature will help the sector expand.
Strict government laws related to the production and distribution of automatic pill machines limit the market growth.
Regional Analysis
North America dominated the market and is predicted to continue its dominance over the forecast period. This can be attributed to the surge in expenditure to elevate healthcare systems and the rise in demand for technologically advanced devices for accurate & rapid medicine distribution.
Asia-Pacific is estimated to grow at the fastest rate in the market. This is due to government activities, increasing disease cases, and a surge in population. The industry in this region is also being assisted by a sizable customer base and the rapid surge in the geriatric population.
Segmentation Insights
Type Insight
The centralized automated dispensing systems segment was the major revenue contributor and is estimated to continue this trend during the projection period. This is due to the several benefits of machines such as the capability to control storage & distribution, point-of-care availability, and maintain medicines records.
The decentralized automated dispensing systems are estimated to be the fastest rate in the market. This is due to the requirement for precise, safe, and accurate use to improve healthcare outcomes and meet patient needs.
Application Insight
The hospital pharmacy segment dominates the market. This segment is expected to exhibit a prominent growth rate. This is due to the surge in the need for accurate and rapid dispensing of medicines in the pharmacy and hospitals.
Prominent Companies
Segmentation Outline
The global automatic pill dispenser machine market segmentation focuses on Type, Application, and Region.
By Type
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL AUTOMATIC PILL DISPENSER MACHINE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: AUTOMATIC PILL DISPENSER MACHINE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL AUTOMATIC PILL DISPENSER MACHINE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL AUTOMATIC PILL DISPENSER MACHINE MARKET, BY TYPE
5.1 OVERVIEW
5.2 CENTRALIZED AUTOMATED DISPENSING SYSTEMS
5.3 DECENTRALIZED AUTOMATED DISPENSING SYSTEMS
6 GLOBAL AUTOMATIC PILL DISPENSER MACHINE MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 HOSPITAL PHARMACY
6.3 RETAIL PHARMACIES
6.4 HOME HEALTHCARE
7 GLOBAL AUTOMATIC PILL DISPENSER MACHINE MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL AUTOMATIC PILL DISPENSER MACHINE MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 BECTON DICKINSON & COMPANY
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 OMNICELL
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 SCRIPTPRO LLC
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 SWISSLOG HOLDING AG
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 CERNER CORPORATION
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 TALYST LLC
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 YUYAMA CO LTD
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 MCKESSON CORPORATION
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 BAXTER INTERNATIONAL INC
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 CAPSA HEALTHCARE
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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