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Automatic Pill Dispenser Machine Market Report by Opportunities, Challenges, Growth, Revenue at a CAGR of 8% by 2023 with Key Players: Baxter International Inc., Becton, Dickinson and More

06-18-2019 08:58 AM CET | Health & Medicine

Press release from: Allied Market Research

Automatic Pill Dispenser Machine Market

Automatic Pill Dispenser Machine Market

According to a new report published by Allied Market Research, titled, Automatic Pill Dispenser Machine Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global automatic pill dispenser machine market was valued at $1,755 million in 2016, and is projected to reach $3,023 million by 2023, growing at a CAGR of 8% from 2017 to 2023.

The centralized automated dispensing systems segment held more than four-fifths share of the total market in 2016.

centralized automated dispensing systems captured the largest share of the market in 2016 and is expected to maintain its dominance during the analysis period.

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Major companies operating in this market adopt product launch as their key development strategy. Companies profiled in this market include, Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc., and Yuyama Co., Ltd.

Other prominent players in the value chain include Illinois Tool Works, Pearson Medical Technologies, Accu-Chart Plus Healthcare System, Allscripts Healthcare Solutions, Inc., Meditech, Constellation Software Inc., and Optum Inc.

Automatic pill dispenser machines are designed to dispense different pills independently according to the user-defined dose and time specifications. The automatic pill dispenser machine support to dispense correct medication and dose, for the patients with complex medication regime and with memory loss disorders.

Based on the type, the centralized automated dispensing systems segment held the highest market share in 2016, owing to various benefits of the machines such as point-of-care availability, their capability to control storage & distribution, and maintain record of medicines.

Based on application, the hospital pharmacy segment contributed the highest market share in 2016, owing to the increase in need of fast and accurate dispensing of medicines in the hospitals and pharmacy.

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North America accounted for more than half of the share in 2016, and is expected to dominate the market throughout the forecast period and is attributed to rise in expenditure to upgrade healthcare systems and growth in demand for technologically advanced devices for rapid & accurate distribution of medicines.

In addition, lucrative growth opportunities in the economic emerging countries is anticipated to provide new growth opportunities for the key players in the market. However, Asia-Pacific is estimated to register the highest growth rate during the forecast period, owing to rise in government healthcare expenditure and growth in demand for healthcare devices from large pool of patient population, and improvement in healthcare infrastructure.

Key Benefits :

• The study provides an in-depth analysis of the automatic pill dispenser machine market with current trends and future estimations to elucidate the imminent investment pockets
• The report provides a quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on prevailing market opportunities
• Extensive analysis by product and application helps understand various trends and prevailing opportunities in the respective market
• Comprehensive analysis of all geographical regions is provided, which determines the main opportunities in these geographies
• Key market players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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