Automated Dispensing Machines Market Top Manufacturers Applications Emerging Trends, Latest Innovations and Growth Report 2019, Forecast 2023

Automated Dispensing Machines Market Research Report by Product Type (Centralized Automated Dispensing Systems and De-Centralized Automated Dispensing Systems), End User (Hospitals, Pharmacy Stores, Laboratories, and Others), and Region-Global Forecast till 2023

Market Outlook

As per the prognosis by Market Research Future (MRFR), the global automated dispensing machines market is on its way to achieve the valuation of USD 4,931 million by the end of 2023. Furthermore, the market is slated to expand at a CAGR of 8.1% during the forecast period (2018-2023).

Automated dispensing machines are designed for centralized filling of individual patient prescriptions and unit-dose medication orders as well as decentralized dispensing. These automated dispensing machines are intended to decrease incidents of patient medication error. Usage of automated dispensing machines enhances the safety of administration of high-alert medications and thus assists hospitals and other users to achieve the safety goal.

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Key Players

Talyst, LLC, Omnicell, Inc., Becton, Dickinson and Company, Pearson Medical Technologies, LLC, Accu-Chart Plus Healthcare Systems, Inc., Avery Weigh-Tronix, ScriptPro LLC, Capsa Healthcare, Baxter, Ltd, YUYAMA Co., and Cerner Corporation are some of the well-established companies leading the global automated dispensing machines market.

Market Segmentation:

The market for automated dispensing machines is segmented on the basis of product type, and end-user.

The market, depending on the product type, is segmented into centralized automated dispensing systems and de-centralized automated dispensing systems. Here, the centralized automated dispensing system is presumed to amass the largest share on account of the growing preference of the system and subsequent reduction in costs and errors, while the de-centralized automated dispensing systems is set to grow at the fasted rate, as a result of the increased awareness among the hospitals and pharmacies.

Furthermore, the global market, based on centralized automated dispensing systems, is segmented into manually operated unit-dose system and automated robotic systems.

The end-users in the global automated dispensing machines market are hospitals, pharmacy stores, laboratories, and others.

Industry Update

The industry vendors are continuously investing in development of automated dispensers, in a bid to expand their presence on a global platform.

To illustrate, in June 2018, Helmer Scientific and Becton, Dickinson and Company (BD) collaborated to launch a medical-grade refrigerated solution that was integrated with an automated dispenser. The automated dispenser provides the clinicians with secure and single line-item access to high-value and high-risk refrigerated medications.

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Market by Regional Analysis

Geographically, the Americas is anticipated to dominate the global automated dispensing machines market owing to a well-developed healthcare sector and growing healthcare expenditure. According to the data published in the British Medical Journal (BMJ) in the year 2016, there occur more than 250,000 deaths per year due to medical error in the US.

Europe is expected to hold the second largest position in the global automated dispensing machines market. According to World Population Prospects: the 2017 Revision, Europe has the greatest percentage of the population aged 60 or over.

Asia-Pacific is anticipated to be the fastest growing region in the market due to the presence of a huge patient population, continuously developing economies and increasing government funding for the healthcare sector.

On the other hand, the Middle East & Africa has the least share of the market. Majority of the market of this region is expected to be held by the Middle East region due to growing government initiatives for the healthcare sector.

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About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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This release was published on openPR.