Automatic Pill Dispenser Machine Market Was Valued At USD 2.5 Billion In 2021, Growing Sedentary Lifestyle And Chronic Diseases Of Aged People

According to Precision Business Insights (PBI), the latest report, the automatic pill dispenser machine market is expected to be worth USD 2.5 billion in 2021, growing at a 9.8% CAGR from 2022 to 2028. The primary driver of the expansion of the global automatic pill dispenser machine market includes an increase in medication intake, an increase in the geriatric population and diseases associated with old age, the prevalence of chronic and infectious diseases, and technological developments.

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Old Age Segment to Dominate the Automatic Pill Dispenser Machine Market:
The old age segment held considerable market share during the estimated period. The automatic pill dispenser market is growing profoundly due to sedentary busy lifestyles. The rise in the prevalence of chronic diseases, and the increase in the aged population are likely to increase the demand for medication which indirectly boost the market growth of the automatic pill dispenser market. Moreover, the global geriatric population is increasing significantly, they are susceptible to numerous memory loss, and chronic and cardiac disorders such as cardiomyopathy, stroke, arrhythmias, and cardiac arrest. So, they need the continuous support of caretakers who can be replaceable by automatic pill dispensers. Moreover, this will drive market growth.

North America Automatic pill dispenser machine Market:
North America is expected to increase in the global automatic pill dispenser machine market over the forecast period. It is projected to grow at a significant CAGR in the coming years due to the increased need for numerous drugs for each patient and increased upgradation of the healthcare system with the constant support of the government. The region is also expected to lead the market during the forecasted years due to the increasing adoption rate in underdeveloped regions.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global automatic pill dispenser machine market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In July 2021, This Seattle-area startup Big Sky Labs is building a pill dispenser that reminds people to take their medicine.

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Detailed Segmentation:
The automatic pill dispenser machine market is segmented based on product type, indication, age group, application, and geography.
Based on the product type, the market is segmented into the following:
• Centralized Automated Dispensing Systems
• Decentralized Automated Dispensing Systems

Based on the indication, the market is segmented into the following:
• Dementia
• Old age
• Visual Impairment
• Physical Disability
• Parkinson's Disease
• Mental Health excluding dementia
• Learning difficulties
• Others

Based on the age group, the market is segmented into the following:
• 18-64 Years
• 65-74 Years
• 75-84 Years
• 85 Years and Above

Based on the application, the market is segmented into the following:
• Hospital Pharmacies
• Retail Pharmacies
• Home Healthcare
• Others

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

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