Press release
Automated Dispensing Machines Market Size, Predicting Share, Trends, Competition Forecast To 2032
Automated Dispensing Machines Market Analysis
The Business Research Company's Automated Dispensing Machines Global Market Report 2023 identifies rising geriatric population as the major driver for the automated dispensing machines market's growth in the forecast period. The geriatric population is the population aged 65 years and older. The geriatric population often suffers from various diseases because of their age factor and will need more accurate and better patient care where automated dispensing machines provide greater medication security, improved nurse access to medications, more efficient medication billing and inventory management, and potential reductions in medication errors.
The global automated dispensing machines market size is expected to grow from $3.61 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automated dispensing machines market size is expected to grow to $5.26 billion in 2027 at a CAGR of 7.7%.
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Major competitors in the automated dispensing machines market are Becton Dickinson and Company, Baxter International Inc., SciptPro LLC, Omnicell Inc., Accu-Chart Plus Healthcare System Inc.
A key trend in the automated dispensing machines market includes product innovations. Major companies operating in automated dispensing machines are developing innovative products to strengthen their position in the market. For instance, in January 2020, TouchPoint Medical, Inc., a US-based innovative medical technology producer introduced dispense series to its automated medication dispensing portfolio. The new medDispense product range provides the most advanced dispensing features and security on a single software platform. medDispense offers a variety of automated dispensing cabinets that enable single dose dispensing, single line item control, and bulk item storage while utilizing a single software platform, medLogic.
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The automated dispensing machines market is segmented -
1) By Product: Automated medication dispensing and storage system., Automated packaging and labelling systems, Automated tabletop counters, Automated medication compounding systems
2) By Application: In-patient, Out-patient
3) By End user: Hospitals, Pharmacies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the automated dispensing machines market.
The Business Research Company's "Global Automated Dispensing Machines Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automated Dispensing Machines Market Include:
1. Executive Summary
2. Automated Dispensing Machines Market Characteristics
3. Automated Dispensing Machines Market Trends And Strategies
4. Automated Dispensing Machines Market - Macro Economic Scenario
5. Automated Dispensing Machines Market Size And Growth
……..
26. Africa Automated Dispensing Machines Market
27. Automated Dispensing Machines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automated Dispensing Machines Market
29. Automated Dispensing Machines Market Future Outlook and Potential Analysis
30. Appendix
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