Medication Dispenser Market Forecast and Analysis by FMI
According to Wikipedia, medication dispenser are useful for all types of patients including the elderly or those who have memory deficiencies and those taking multiple medications, as an aid in remembering to take proper doses of their medications thereby complying with their doctor’s recommended dose. Medication dispenser allow a patient to know whether or not they have taken a particular dose of their medication, if a medicine still remains in its compartment, it is apparent that it has not yet been taken, whereas if it is missing, it has already been taken. Medication dispenser often have various feature to make them easier for special needs patients to use, such as color-coding, braille for the blind or a locking mechanism to prevent double dosing. Some organizers used for diabetes patients have sections for insulin and hypodermic syringes.
Automated dispensing machine provide secure medication storage on patient care unit, along with electronic tracking of the use of controlled drugs. Medication dispensers save nursing time by eliminating the need for manual end-of-shift controlled drug’s counts in patient care units. Automated dispensing machines enhance first-dose availability and facilitate the timely administration of medications by increasing their accessibility on patient care units. This benefit is particularly important in emergency departments and intensive care units, where most hospitals still use a floor stock system because of frequent dose changes and need for immediate access.
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There has been increasing pressure on healthcare providers and pharmacists to reduce medication errors which has been leading to cause death of the patients across the globe. Deploying more effective technologies such as medication dispensers ensures error-free dispensing of medication as well as patient’s safety. With the rising number of patients, medication distribution has also become complex and difficult and only automatic medication dispenser system would be able to resolve the medication distribution problem. Apart from these factors, many types of dispensers along with innovation are creating promising market of medication dispensers.
North America dominates the medication dispensers market and one of the primary reasons of flourishing this market is increasing errors in dispensing of medication prescription. The frequent medication errors are a leading cause of death in North America region. However, with an adoption of medication dispensers these errors can be prevented remarkably. This particular reason is fuelling the growth of the medication dispensers market. In other regions, like Western and Eastern Europe, Asia-Pacific and Japan, the demand for medication dispensers are increasing, this create robust development of medication dispensers market. Asia-Pacific is expected to grow at a much faster rate as compared to the developed regions of North America and Europe by 2020.
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Increasing awareness and rapid improvement in healthcare services will create robust development in medication dispenser market. The global medication dispenser market has shown significant growth over the past few years and is expected to show robust growth during forecast period.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
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