Press release
Medication Dispenser Market to Represent a Value of US$ 1,824.7 Mn through 2017–2025
Such positive alterations are helping healthcare organizations to increase productivity as well as mitigate healthcare costs and medical errors. Further, hospitals are bound to offer quality care to patients in order to stay competitive. Increasing adoption of novel medical technologies such as Electronic medical record (EMR), Pharmacy Information Systems (PIS), and Laboratory Information Systems (LIS) has led to the automation of various procedures in hospitals.
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Factors as such are anticipated to support the growing use of medication dispenser in ambulatory surgical centers, hospitals and nursing homes. Moreover, the need to eliminate manual task of dispensing medicines is further boosting the demand for medication dispensing systems of late.
As per the latest report published by Persistence Market Research, the global medication dispenser market will reach a valuation of US$ 1,824.7 Mn, riding at a CAGR of 7.0% over the forecast period (2017–2025).
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PMR’s report, titled “Medication Dispenser Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” also cites that the medication dispenser market in North America will retain its top spot over the forecast period. The region is expected to account for nearly 64.3% revenue share of the global market by 2017-end.
This is primarily owing to the rising geriatric population and availability of highly accurate medication services in the region. During this eight years of the forecast, the region is projected to expand at a CAGR of 7.2% and reach a market valuation of US$ 1,187.1 Mn. In addition, the contribution of the U.S. in the region’s market will remain exceptionally high throughout the assessment period.
Meanwhile, APEJ is expected to register the fastest CAGR of 8.2% over 2025, primarily due to increasing per capita income and a greater healthcare reach in many of the emerging countries in the region.
PMR in its report has profiled some of the leading companies operating in the global medication dispenser market, which include: Becton, Dickinson and Company, Omnicell Inc., Cerner Corporation, Capsa Solution LLC, InstyMeds Corporation, PARATA SYSTEMS, LLC, TriaTech Medical Systems Inc., ARxIUM Inc., ScriptPro LLC, YUYAMA Co.,Ltd, Howard Industries, Inc., Swisslog Holding AG, Healthmark, Talyst, Robotik Technology, Tema Sinergie, Synergy Medical, RxMedic Systems, Inc., Accu-Chart Plus Healthcare Systems, Inc., Medipense Inc.
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About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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