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Automatic Pill Dispenser Industry Is Expand at a CAGR of 10.6% to Reach USD 6.3 Billion by 2031

03-23-2023 01:40 PM CET | Health & Medicine

Press release from: Global Insight Services

Automatic Pill Dispenser

Automatic Pill Dispenser

The global automatic pill dispenser market was valued at USD 2.3 Billion in 2021 and it is anticipated to grow up to USD 6.3 Billion by 2031, at a CAGR of 10.6% during the forecast period.

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An automatic pill dispenser is a device that stores and dispenses medication in pre-set doses. It is typically used by people who take multiple medications or who have difficulty remembering to take their medication. The dispenser is programmed to dispense the correct amount of medication at the correct time. It can be used with or without supervision.

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Major Players in the Global Automatic Pill Dispenser Market

The key players in the market 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. among others.

Global Automatic Pill Dispenser Market Segmentation

By Product

Centralized Automatic Dispenser
Decentralized Automatic Dispenser
By End-user

Hospitals
Pharmacies
Senior Care
Others
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Market Trends and Drivers

Recent technological advances in automatic pill dispensers are expected to drive the industry in the near future. The introduction of automatic pill dispensers connected with barcode scanning allows for precise medicine delivery while also preventing the loading of incorrect medication and providing additional safety precautions for high-risk pharmaceuticals. The bluetooth connectivity enables customers to connect these gadgets to any compatible device, including phones, to receive visual and audible notifications, so favourably pushing industrial expansion. These gadgets now come with a digital detachable timer, which is ideal for people with memory or cognitive problems who require frequent reminders to take medications. As a result of the introduction of unique devices that allow users to select the schedules to dispense numerous medications at the needed times, the industry demand is expanding dramatically.

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust and transparent research methodology, and superior service.

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