Automated Dispensing Machine market 2020: Development, Growth, Key Factors and Forecast to 2026 - Baxter, Pyxis Corporation, Omnicell, AcuDose, Capsa Solutions LLC and more.

The global Automated Dispensing Machine market was valued at USD 3.57 Billion in 2018 and is expected to reach USD 6.21 Billion by year 2026, at a CAGR of 7.1%. Automated Dispensing Machines are computer controlled storage units for medications. These are also called Automated Medication Dispensing Cabinets (ADC). The installation and operation of ADM significantly benefit patient care through timely and efficient dispensing of prescriptions for controlled substances.

An Automated Dispensing Machine may reduce the cost of medications remaining from wastage due to discontinued drug therapy while simultaneously decreasing the amount of controlled substances that are susceptible to diversion. This machine employs the use of storage units that operates somewhat like a vending machines for the medical products, but also has a sophisticated software on the back-end that handles the patient orders, medication dosing documentation, inventory management, and billing transactions.

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The key players include Baxter, Pyxis Corporation, Omnicell, AcuDose, Capsa Solutions LLC, Accu-Chart Healthcare Systems Inc. and Pearson Medical Technologies.

For the purpose of this report, Reports and Data has segmented the Automated Dispensing Machines market on the basis of end use, application, and region:

Application (Revenue, USD Million; 2016-2026)
In-patient
Out-patient

End Use (Revenue, USD Million; 2016-2026)
Hospitals
Pharmacies
Drug Stores
Others

SOME OF THE KEY GEOGRAPHIES MENTIONED IN THIS REPORT INCLUDE:
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.

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Further key findings from the report suggest:

In case of end use, hospitals account for the highest share of the market amounting to 67.4%. This is due to the rising cases of hospitalizations and the vast availability of facilities in the hospitals. The segment is expected to register a CAGR of 7.3%. Pharmacies follow Hospitals with the second largest market share. They are expected to register a CAGR of 6.9%

In-patient accounts for the highest share in the market accounting for 66.7%. This is due to the increase in the number of hospitalizations over the years. The in-patient rate is expected to rise at a CAGR of 7.4%. Out-patient segment is expected to grow at a CAGR of 6.5%.

Europe follows North America by acquiring the second largest share of the market share. It accounts for a market share of around 28%. This can be attributed to the rising cases of hospitalization in the region.

North America holds the largest market share owing to the technological advancements and awareness. It is expected to continue rising at a CAGR of 7%.

Asia Pacific is the fastest growing region with a CAGR of 8.5%. This is because of the rising awareness, increasing cases of hospitalization due to prevalence of diseases and the several government initiatives for the promotion of the automated dispensing machines.

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