Press release
Global Medication Dispenser Market Revenue to Increase at 7% CAGR Between 2017 and 2025
Factors as such are anticipated to support the growing use of medication dispenser in ambulatory surgical centers, hospitals and nursing homes. Moreover, the need to eliminate manual task of dispensing medicines is further boosting the demand for medication dispensing systems of late. As per the latest report published by Persistence Market Research, the global medication dispenser market will reach a valuation of US$ 1,824.7 Mn, riding at a CAGR of 7.0% over the forecast period (2017–2025).
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PMR’s report, titled “Medication Dispenser Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” also cites that the medication dispenser market in North America will retain its top spot over the forecast period. The region is expected to account for nearly 64.3% revenue share of the global market by 2017-end. This is primarily owing to the rising geriatric population and availability of highly accurate medication services in the region. During this eight years of the forecast, the region is projected to expand at a CAGR of 7.2% and reach a market valuation of US$ 1,187.1 Mn. In addition, the contribution of the U.S. in the region’s market will remain exceptionally high throughout the assessment period. Meanwhile, APEJ is expected to register the fastest CAGR of 8.2% over 2025, primarily due to increasing per capita income and a greater healthcare reach in many of the emerging countries in the region.
Additional Highlights of the Report Include:
On the basis of product type, pharmacy based ADSs currently hold the largest share of the global medication dispenser market in terms of revenue, and the trend is projected to continue throughout the forecast period. Pharmacy based ADSs are anticipated to account for 55.4% share of the market over the forecast period, expanding at a CAGR of 7.5%.
By end-user, demand for medication dispenser is expected to remain robust from hospital pharmacies in 2017 and beyond. Hospital pharmacies are anticipated to account for around 61.9% share of the global market over 2025.
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Competitive Dashboard
PMR in its report has profiled some of the leading companies operating in the global medication dispenser market, which include: Becton, Dickinson and Company, Omnicell Inc., Cerner Corporation, Capsa Solution LLC, InstyMeds Corporation, PARATA SYSTEMS, LLC, TriaTech Medical Systems Inc., ARxIUM Inc., ScriptPro LLC, YUYAMA Co.,Ltd, Howard Industries, Inc., Swisslog Holding AG, Healthmark, Talyst, Robotik Technology, Tema Sinergie, Synergy Medical, RxMedic Systems, Inc., Accu-Chart Plus Healthcare Systems, Inc., Medipense Inc.
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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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