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Automatic Pill Dispenser Machine Market to Exhibit Significant Growth in Dollar Opportunities For the Period Influenced by COVID-19

01-11-2021 01:51 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Automatic Pill Dispenser Machine Market to Exhibit Significant

An automatic pill dispenser is a medical device designed for home usage and works for pills and capsules of a variety of sizes. An automatic pill dispenser machine dispenses different pills or capsules according to the user-defined dose and time specifications. The machine delivers correct medicine and dose for patients with complex medication regimes and with memory loss disorders. It is developed using a 5-inch LCD interface, continuous and non-continuous servos, 3D printed parts, Arduino mega microcontroller, optical sensors, and CAD software.

An automatic pill dispenser machine helps reduce medication dispensing-related errors, which is expected to drive the automatic pill dispenser machine market growth. Opioids are currently the main driver of drug overdose deaths. According to the World Health Organization (WHO), n 2017, around 115 000 people worldwide died of an opioid overdose. Globally, around 0.5 million deaths are attributable to drug use, of which 70% are related to opioids and 30% are caused by overdose. An automatic pill dispenser machine helps reduce medication errors by automating the process through the use of both visual and auditory signals.

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Moreover, the growing geriatric population and the increasing prevalence of chronic diseases worldwide are expected to increase the demand for the automatic pill dispenser machine market, which is expected to propel the market growth. Geriatrics are more prone to such disorders, as well as some degree of memory loss is common in this population, which may lead to overdose or dosage skip. Furthermore, the geriatric population struggles to open medicine packages, where an automated pill dispensing machine helps them find the correct medicine and dosage.

Increasing awareness among people and technological advancements are also expected to foster the automatic pill dispenser machine market growth. Hospitals and other healthcare facilities are adopting advanced technologies such as centralized automated dispensing systems to store, dispense, and track medications to improve efficacy and patient safety. However, the high cost of machines is expected to hamper the market growth. In July 2002, MedMinder launched an automatic pill dispenser machine with telemedicine capabilities focused on the elderly and chronically ill.

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In terms of geography, the automatic pill dispenser machine market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa. North America is expected to witness robust growth in the market due to the increasing prevalence of chronic diseases and the growing geriatric population in the region. According to the Centers for Disease Control and Prevention (CDC), in the United States, around 67,367 drug overdose deaths occurred in 2018.

Automatic Pill Dispenser Machine Market: Competitive Analysis

Major players operating in the automatic pill dispenser machine market include Becton, Dickinson and Company, Baxter International Inc., Capsa Healthcare, Cerner Corporation, McKesson Corporation, Omnicell Inc., Swisslog Holdings AG, ScriptPro LLC, Yuyama Co. Ltd., and Talyst, Inc.

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Coherent Market Insights (CMI) is a global market intelligence and consulting organization focused on assisting plethora of clients achieve transformational growth by helping them make critical business decisions.

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