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Global Medication Dispensers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Medication Dispensers Market
Medication Dispensers Market: Market Dynamics
Medication dispensers are the devices which releases the medication at specific times. These are very helpful for the elderly patients and people who are suffering with impaired ability to adhere to their prescription and people who are taking multiple medications. Factors like growing number of geriatric patients, rapid improvement in the healthcare infrastructure, growing awareness regarding healthcare services propells the growth of medication dispensers market. Furthermore, rise in number of deaths due to wrong medication, growing demand for real time inventory tracking, rise in techgnological advancements such as automated or electrical dispensing devices etc may drive the growth of medication dispensers market globally. However, high cost of installation and difficulty in maintanence may hinder the growth of the medication dispensers market.
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Market Scope: Medication Dispensers Market
Medication Dispensers Marketis segmented on the basis of Type, and End User and Geographical regions
Based on the Type, Medication Dispensers Marketis segmented into the following
• Decentralized Automated Medication Dispensers
• Centralized Automated Medication Dispensers
Based on the End User, Medication Dispensers Marketis segmented into the following:
• Hospitals Pharmacies
• Retail Pharmacies
• Homecare
Regional Analysis: Medication Dispensers Market
Geographically, Medication Dispensers Marketis segmented into North America, Europe, Asia Pacific, Latin America, and theMiddle East and Africa regions. North America is the leading market for medication dispensers owing to the increase in prescription errors, as they lead to cause death of patients in North America and high healthcare expenditure. As per to the American Society of Health System Pharmacists, Hospitals spend around 70-75% on their pharmacy department. According to Institute for Safety Medication Practices, about 20% of healthcare practitioners reported adverse patients effects owing to lack of proper monitoring of medication. Europe holds the second largest position in medication dispensers market owing to the rise in prevalence of chronic diseases and deaths due to the improper medication. Asia Pacific region is expected to show lucrative market growth in medication dispensers market owing to the rise in healthcare expenditure, growing awareness regarding the health of the patients etc.
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Competition Assessment: Medication Dispensers Market
Key playersprofiled in the global Medication Dispensers Marketinclude:
• Becton, Dickinson and Company(U.S.)
• Baxter International Inc.(U.S.)
• Cerner Corporation(U.S.)
• McKesson Corporation(U.S.)
• Capsa Healthcare(U.S.)
• Omnicell Inc. (U.S.)
• Swisslog Holdings AG (Switzerland)
• ScriptPro LLC, (U.S.)
• Yuyama Co., Ltd (Japan)
• Talyst, Inc., (U.S.)
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Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key marketdevelopments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies and regulatory framework
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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