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Automated Dispensing Machines Market Shares, Growth Analysis, Key Insights, Size And Forecast To 2033
Automated Dispensing Machines Market Analysis
The Business Research Company presents an extensive market research report on the Automated Dispensing Machines Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The automated dispensing machines market size has grown strongly in recent years. It will grow from $3.91 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to medication dispensing efficiency, reduction of medication errors, increasing medication volumes, regulatory compliance requirements, patient-centered care initiatives, minimization of medication waste..
The automated dispensing machines market size is expected to see strong growth in the next few years. It will grow to $5.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to streamlining pharmacy workflows, telehealth and medication access, reduction in waiting times, customization of medication dosages, smart medication management systems, data analytics for medication trends, medication therapy management programs.. Major trends in the forecast period include integration of rfid and barcode technologies, shift toward decentralized medication dispensing, integration with electronic health records (ehr), integration of artificial intelligence (ai), focus on specialty medications, compliance with regulatory standards..
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Key Market Players:
Major companies operating in the automated dispensing machines market report are Becton Dickinson and Company, Baxter International Inc., SciptPro LLC, Omnicell Inc., Accu-Chart Plus Healthcare System Inc., Pearson Medical Technologies LLC, Swisslog Holding Limited, Avery Weigh-Tronix, Talyst LLC, TouchPoint Medical, Tosho Inc., Takazono Corporation, McKesson Corporation, B. Braun Melsungen AG, Cerner Corporation, Capsa Solutions LLC, RxMedic Systems, AlixaRx, Willach Pharmacy Solutions, Newlcon Oy, Aesynt Incorporated, Musashi Engineering Inc., Techcon Systems Inc., Fisnar Inc., Tengsheng Precision Machinery Co. Ltd., M&H Plastics, CKF Inc., Pretium Packaging, New Vision Packaging, Ottmar Reisacher
Market Drivers:
The rising geriatric population is expected to propel the growth of the automated dispensing machines market going forward. 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. For example, according to ACL (Administration for Community Living), a US-based government organization, the geriatric population is expected to increase by 21.6% by 2040. Therefore, the increasing geriatric population drives the automated dispensing machines market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/automated-dispensing-machines-global-market-report
The automated dispensing machines market covered in this report 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 Enduser: Hospitals, Pharmacies
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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