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The global automated dispensing machines market is set to reach US$ 6.3 BN by 2032 at a 9.8% CAGR between years 2023-2032. The Automated Dispensing Machine (ADM) market is changing quickly. This is because of better technology and more need for quick, simple solutions in many businesses.
New technology, like adding AI and IoT, is changing how machines give out things automatically. This has made it more accurate, easy to watch in real-time and better for users.
The health care business is a big part of the ADM market, as more people are focusing on keeping patients safe and managing medicine well. In hospitals and drugstores, machines that give out medicine quickly make it easier to pass on drugs. They cut down mistakes and boost patient health overall.
In the retail and hotel business, more machines that automatically give out things are being used. In shops, these machines make it easy for people to buy things and help businesses manage their stuff in a quick way. In hospitality, they give options for people to serve themselves. This makes the customers happier.
Markets are changing to make things easier for customers and workers by making interfaces more user-friendly. Many people accept automated dispensing machines because touchscreen shows, easy-to-use software and quick actions make them popular in different jobs. The use of machines that give out things is growing all over the world, especially in new and developing countries. Players in the market are looking for ways to save money and work well. This makes them try new parts of the world, creating a wide range with lots of competition.
Following rules and standards in business is very important for how markets work. As more people start using automatic machines, following the rules becomes very important. This affects what products are made and how they're sold in markets. The need for machines that can give out goods in a way you choose is getting bigger. Businesses want machines that can be changed for their special needs.
This lets them adjust what it does, how much use it gets and linking up with systems they already have. In the health care field, linking automated pill machines with Electronic Health Records (EHR) is becoming more popular. This joining makes data more correct, cuts down on paperwork and improves how efficiently medicines are handled. Cost-effectiveness is still a big thing that affects how the market works. As technology gets better, businesses are working hard to improve production methods and lower costs.
This makes self-serve machines more affordable for many kinds of workplaces. Even though the market is doing good, problems like starting costs for new things, people not wanting to change and worries about hacking still exist. Beating these problems is very important for more growth and acceptance of machines that gives out products.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Product Type,End User, and Region |
Automated Dispensing Machines Market Highlights:
Global Automated Dispensing Machines Market Overview
Automated Dispensing Machines Market Size was valued at USD 2.6 billion in 2022.The Automated Dispensing Machines market is anticipated to grow significantly, from USD2.8652 billion in 2023 to USD 6.3 billion by 2032. This represents a robust compound annual growth rate (CAGR) of 9.8% during the forecast period 2024 - 2032, due to the rapid advancements in technology applications within the healthcare industry. These advancements are aimed at enhancing patient satisfaction and improving resource management. Integrating automated dispensing machines enables healthcare facilities to streamline medication distribution processes, reduce errors, and optimize workflow efficiency. As a result, the growing demand for these machines drives the market's growth.
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Automated Dispensing Machines Market Trends
- Growing awareness regarding the benefits of pharmacy automation is driving market growth.
The automated dispensing devices market was worth USD 2.9 billion in 2015, and it's expected to rise at a healthy CAGR of over 7% over the next few years. During the projected period, rising government activities to support healthcare institutes and pharmacists by deploying a technologically enhanced medicine dispensing system to prevent pharmaceutical errors are predicted to boost utilization rates. This factor drives the market CAGR.
Additionally, one of the variables indicating an increased risk of pharmaceutical errors is a lack of proper pharmacy inventory management standards in hospitals. The need for more pharmacists and technicians is a major factor limiting industry expansion. The sample means density for the number of pharmacists per 10,000 inhabitants was 6.02, according to the 2012 FIP Pharmacy Work Force Report. Implementing automated dispensing systems in hospitals is driven by a need for more adequate skilled workers and a high error rate in manual dispensing. Due to increased demand for technology advancement and a reduction in the overall cost associated with inventory management, the outpatient segment is predicted to rise at a profitable CAGR of 7.00 %. Furthermore, the growing demand for real-time inventory tracking, automation in the pharmaceutical delivery system, and efficient order management are key indicators pointing to an increased need for automated dispensing equipment to reduce excess inventory and meet patient needs. One of the key reasons expected to drive growth in the next years is an increase in the number of patients seeking home and long-term care.Thus, moving the Automated Dispensing Machines market revenue.
Automated Dispensing Machines Market Segment Insights
Automated Dispensing Machines Product Type Insights
Based on product type, the Automated Dispensing Machines market segmentation includes centralized automated dispensing systems and decentralized automated dispensing Systems. The centralized automated dispensing systems segment dominated the market, owing to the rise in preference for the system and the decrease in costs and errors. In contrast, de-centralized automated dispensing systems are the fastest-growing segment due to increased awareness among hospitals and pharmacies.The market for centralized, mechanical dispensing systems can be divided into automated robotic and manually operated unit-dose systems. Automated automatic systems utilize advanced technology to automate dispensing, while manually operated unit-dose systems rely on manual operation for medication distribution.
Automated Dispensing Machines End User Insights
Based on end users, the Automated Dispensing Machines market segmentation includes hospitals, pharmacy stores, laboratories, and others. The hospital's segment dominated the market; due to the vital role these machines play in healthcare. With their ability to enhance medication management, improve workflow efficiency, and ensure patient safety, automated dispensing machines have become indispensable in hospitals. Their advanced features and functionalities, such as inventory management and integration with electronic health records, make them crucial for proper medication administration. Therefore, hospitals heavily rely on automated dispensing machines, leading to their dominance in the market.
Figure1 Automated Dispensing Machines Market, by End User, 2022&2032 (USD billion)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Automated Dispensing Machines Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Automated Dispensing Machines market area will dominate this market due to the prevalence of various chronic disorders among the pediatric and elderly population.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2 AUTOMATED DISPENSING MACHINES MARKET SHARE BY REGION 2022 (%)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Automated Dispensing Machines marketholds the second-largest market share, driven by a growing senior population, higher incidences of chronic and life-threatening diseases, and a significant volume of medication dispensing. Among the European countries, the Germanmarket for Automated Dispensing Machines has the largest market share, while the UK market experiences the fastest growth. This highlights the Region's increasing demand and adoption of Automated Dispensing Machines.
The Asia-Pacific Automated Dispensing Machines Marketis expected to grow at the fastest CAGR from 2023 to 2032. This isdue to the supportive initiatives by the government and the growing incidence of medication errors, which are expected to drive market growth in the Region.Moreover, China’sAutomated Dispensing Machines market held the largest market share, and the IndianAutomated Dispensing Machines market was the fastest-growing market in the Asia-Pacific region.
Automated Dispensing Machines Key Market Players& Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Automated Dispensing Machines market grow even more. Market participants are also undertaking different strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Automated Dispensing Machines industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Automated Dispensing Machines industry to benefit clients and increase the market sector. In recent years, the Automated Dispensing Machines industry has offered some of the most significant advantages to medicine. Key players in the Automated Dispensing Machines market, such as Becton, Dickinson and Company, Omnicell, Inc., ScriptPro LLC, and others, actively invest in research and development activities to drive market demand. These companies, Avery Weigh-Tronix, Pearson Medical Technologies, LLC, and more, aim to enhance their product offerings and technological advancements. Other significant players, including Accu-Chart Plus Healthcare Systems, Inc., Baxter, Capsa Healthcare, and Cerner Corporation, are also focused on innovation to meet the market's evolving needs.
Capsa Solutions, Rubbermaid Healthcare, Humanscale Healthcare, Kirby Lester, and RoboPharma have been fully integrated to form Capsa Healthcare. Our passion as a single organization is born out of the same commitment and purpose that our customers have to provide superior patient care. We understand that healthcare delivery cannot wait; our customers rely on our products and support to deliver excellent clinical efficiency and accuracy of medication management. Capsa Healthcare announced the acquisition of Humanscale Healthcare (US), a designer and manufacturer of flexible technology solutions and computing workstations based in New York.
Omnicell, Inc., a healthcare technology company based in Mountain View, California, specializes in manufacturing automated systems for medication management in healthcare facilities and providing medication adherence packaging and patient engagement software for retail pharmacies. Omnicell, Inc. has recently acquired ReCept Holdings, Inc. to enhance its Advanced Services portfolio. By expanding its offerings, Omnicell can now provide comprehensive solutions to a broader range of healthcare providers.
Key CompaniesIn The Automated Dispensing Machines Market Include
- Becton
- Dickinson and Company
- Omnicell, Inc.
- ScriptPro LLC
- Avery Weigh-Tronix
- Pearson Medical Technologies
- LLC
- Accu-Chart Plus Healthcare Systems, Inc.
- Baxter
- Capsa Healthcare
- YUYAMA Co., Ltd
- Talyst
- Cerner Corporation
Automated Dispensing Machines Industry Developments
April 2021 At this year's DUPHAT Conference and Exhibition (April 5–7, 2021) held at the Dubai World Trade Centre, Omnicell Inc. revealed their latest robotic dispensing system, Medimat, to the Middle Eastern pharmaceutical industry. Medimat is a next-generation device that helps optimize all parts of the dispensing process in central pharmacies.
January 2020 TouchPoint Medical Inc. has expanded its automated medicine dispensing range with the debut of the next-generation dispense series. The new dispense product line offers various dispensing choices and security on a single software platform. Furthermore, it uses a single software platform, medLogicTM, to provide single-dose dispensing, single-line item control, and bulk item storage.
Automated Dispensing Machines Market Segmentation
Automated Dispensing Machines Products Type Outlook
- Centralized Automated Dispensing
- Systems
- De-Centralized Automated
- Dispensing Systems
Automated Dispensing Machines End User Outlook
- Hospitals
- Pharmacy Stores
- Laboratories
- Others
Automated Dispensing Machines Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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