Press release
Soaring Demand Set to Propel Automated Dispensing Machines Market to $6.09 Billion by 2029
Automated Dispensing Machines
What Is the Expected CAGR for the Automated Dispensing Machines Market Through 2025?
The market size for automated dispensing machines has been showing robust growth recently. From standing at $4.12 billion in 2024, predictions see it growing to $4.4 billion in 2025, representing a compounded annual growth rate (CAGR) of 6.7%. Increased efficiency in medication dispensing, fewer instances of medication errors, upsurges in medication volumes, adherence to regulatory compliance standards, measures dedicated to patient-focused healthcare, and efforts towards reducing waste in medication, have all contributed to the market's growth during the historical period.
What's the Projected Size of the Global Automated Dispensing Machines Market by 2029?
Expectations are high for significant escalation in the automated dispensing machines market size in the coming years, with anticipated growth reaching $6.09 billion in 2029, reflecting a compound annual growth rate (CAGR) of 8.5%. This projected expansion in the forecast period is largely due to factors such as enhanced pharmacy workflows, the advent of telehealth and improved medication access, a decrease in waiting times, tailored medication dosages, advanced medication management systems, and utilizing data analytics for identifying medication trends and medication therapy management programs. Notable evolving trends within the forecast period encompass the inclusion of RFID and barcode technologies, a move towards decentralized medication dispensing, incorporation with electronic health records (EHR), the incorporation of artificial intelligence (AI), a focus on specialized medications, and adherence to regulatory standards.
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Top Growth Drivers in the Automated Dispensing Machines Industry: What's Accelerating the Market?
An increase in the elderly population, defined as individuals aged 65 and above, is anticipated to stimulate the expansion of the automated dispensing machines market. The elderly population is more susceptible to various illnesses due to age, hence necessitating more precise and superior patient care, which the automated dispensing machines can provide. These machines enhance medication security, facilitate nurse access to drugs, streamline medication billing and inventory management, and potentially minimize medication errors. For instance, the ACL (Administration for Community Living), a government agency in the US, predicts that the elderly population will surge by 21.6% by 2040. Consequently, this rising geriatric population propels growth in the automated dispensing machines market.
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What Are the Key Trends Driving Automated Dispensing Machines Market Growth?
Leading firms in the automated dispensing machines market are innovating with the unveiling of new 3-axis automated fluid dispensing systems. This advanced technology ensures exact fluid positioning on complicated geometries or uneven surfaces, typically seen in cutting-edge manufacturing practices. For example, Nordson EFD, a prominent American automated dispensing machines supplier, declared the introduction of its state-of-the-art 3-axis automated fluid dispensing systems in March 2024. These systems, comprising the PROX and GVPlus series, feature sophisticated linear motors that boost actuation speed and reduce maintenance tasks. They provide superior repeatability, with the PROX system achieving remarkable accuracy of ±0.003 mm. This makes them perfect for a range of complex tasks across diverse sectors like electronics and life sciences. The embedded vision technology secures exact fluid positioning on tricky surfaces, thus improving product quality and operational efficiency.
What Are the Main Segments in the Automated Dispensing Machines Market?
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 End-user: Hospitals, Pharmacies
Subsegments:
1) By Automated Medication Dispensing And Storage System: Centralized Dispensing Systems, Decentralized Dispensing Systems
2) By Automated Packaging And Labelling Systems: Blister Packaging Machines, Bottle Filling And Labelling Machines
3) By Automated Tabletop Counters: Manual Input Counters, Automated Counting And Dispensing Units
4) By Automated Medication Compounding Systems: IV Compounding Systems, Oral Compounding Systems
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Which Top Companies are Driving Growth in the Automated Dispensing Machines Market?
Major companies operating in the automated dispensing machines market are Becton dic*kinson 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., CKF Inc.
Which Regions Will Dominate the Automated Dispensing Machines Market Through 2029?
North America was the largest region in the automated dispensing machines market in 2024. Asia-Pacific is expected to be the fastest-growing region in the automated dispensing machines market report during the forecast period. The regions covered in the automated dispensing machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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