Automatic Pill Dispenser Machine Market Size was valued at USD 2.7 Billion in 2022. The automatic pill dispenser machine market industry is projected to grow from USD 2.92 Billion in 2023 to USD 5.626 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024 - 2032).  The rise in the prevalence of chronic and infectious diseases as well as ongoing technical advancements to increase the efficacy of automatic pill dispenser machines are the primary market drivers propelling the expansion of the automatic pill dispenser machine market forecast.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
When distributing medications, the automatic pill dispensers are extremely accurate. The market for automatic pill dispenser machine has been impacted by the expansion of the pill market as well as the rise in the elderly population, cardiovascular disease, and respiratory illness rates as a result of an unhealthy lifestyle. The potential has been acknowledged by the governments, and it is anticipated that increasing regulatory approval would encourage market expansion. The industry is also anticipated to develop as a result of rising investment in home care facilities. The market is continuing to rise due to factors such the increasing number of product approvals for the introduction of new devices, rising public awareness regarding medication compliance, and a significant increase in investments in homecare facilities. The automatic pill dispenser machine market is successfully driven by rising government initiatives to upgrade healthcare facilities and rising high adoption of technological improvements. The growth rate of the Smart Medication Dispenser Market is projected to be boosted by increasing awareness of the various home healthcare devices that are available.
The healthcare industry is being carefully regulated by governments all around the world. Government initiatives and regulatory approval are on the rise, which will be good for the automatic pill dispenser machine market. In addition, chances for the automatic pill dispenser Industry will arise in the upcoming years as a result of the development of new technologies, greater investments in homecare, and the launch of new equipment. The use of current technology and greater knowledge of healthcare items will be advantageous to the automatic pill dispenser sector.
The market for automatic pill dispenser machine is anticipated to grow rapidly in the next years because to recent technical advancements. Automatic pill dispensers that use barcode scanning enable exact medicine delivery while also preventing erroneous medication from being loaded and adding extra safety measures for high-risk medications. By allowing customers to link these gadgets to any suitable device, including phones, using bluetooth connectivity, users may receive both visual and auditory notifications, which will help the sector grow. These gadgets now have a digital detachable timer, which is perfect for those who need frequent reminders to take their meds and have memory or cognitive impairments. The advent of revolutionary gadgets that enable users to set the timings to dispense various medications at necessary timings has consequently led to a marked increase in industry demand. Thus, driving the Smart Medication Dispenser machine market revenue.
The Automatic Pill Dispenser Machine Market segmentation, based on type includes Hospital Pharmacy, Retail Pharmacies and Home Healthcare. The hospital pharmacy segment dominated the market. In order to better regulate pharmaceutical stock levels, prevent medicine shortages, cut down on waste, and increase the effectiveness of the drug supply chain, centralized inventory tracking systems are used. These dispensers also offer cutting-edge features like communication with healthcare practitioners, remote monitoring, and real-time drug tracking.
The Automatic Pill Dispenser Machine Market segmentation, based on type, includes Centralized Automated Dispensing Systems and Decentralized Automated Dispensing Systems. The centralized automated dispensing systems category generated the most income. Growing problems with medication management, drug safety, concerns about accuracy, integration of electronic health records, and centralized medication management are all contributing factors in the development. Automatic pill dispensers are being quickly adopted by hospital pharmacies to enhance medicine administration, improve patient safety, and maximize workflow effectiveness.
Figure 1: Automatic Pill Dispenser Machine Market by Distribution channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American automatic pill dispenser machine market area will dominate this market due to advantageous reimbursement policies and the growing older population. The region now has a well-established healthcare infrastructure because to the region's expanding technological breakthroughs. Furthermore, there is a strong presence of important industry participants as well as growing knowledge of the advantages of automatic pill dispensers in improving patient safety and lowering prescription errors.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Automatic Pill Dispenser Machine Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe automatic pill dispenser machine market accounts for the second-largest market share. The region is anticipated to hold its position during the forecast period as a result of factors like high healthcare expenditures, an aging population, and an increase in chronic diseases. Additionally, it is predicted that technological advancements for the efficient distribution of pharmaceuticals would fuel growth in the following years. Further, the German automatic pill dispenser machine market held the largest market share, and the UK automatic pill dispenser machine market was the fastest growing market in the European region
The Asia-Pacific Automatic Pill Dispenser Machine Market is expected to grow at the fastest CAGR from 2023 to 2032 due to government activities, accelerating disease cases, and high population increase. The industry in this area is also being helped by a sizable client base and the quick increase in the geriatric population. Moreover, China’s automatic pill dispenser machine market held the largest market share, and the Indian automatic pill dispenser machine market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automated Medication Dispensers market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global 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, automatic pill dispenser machine industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global automatic pill dispenser machine industry to benefit clients and increase the market sector. In recent years, the automatic pill dispenser machine industry has offered some of the most significant advantages to medicine. Major players in the automatic pill dispenser machine market are attempting to increase market demand by investing in research and development operations includes TALYST, LLC., Cerner Corporation, MCKESSON CORPORATION, CAPSA HEALTHCARE, SCRIPTPRO LLC, BAXTER INTERNATIONAL INC, BECTON DICKINSON &COMPANY, YUYAMA CO., LTD., omnicell, and SWISSLOG HOLDING AG.
The company Baxter International Inc. (Baxter) offers a variety of medical supplies. Dialysis for both acute and chronic illnesses, parenteral nutrition therapies, sterile intravenous solutions, infusion systems and devices, generic injectable medications, inhaled anesthetics, and surgical hemostat and sealant products are among the company's product and service offerings. The company's products are used by patients at home, in nursing homes, hospitals, and centers for rehabilitation and kidney dialysis.
A manufacturer and distributor of medical equipment, reagents, and instruments is Becton Dickinson and Co. (BD). Syringes and pen needles, intravenous catheters, disposables, pre-fillable drug delivery systems, infusion pumps, respiratory ventilation and diagnostic equipment and consumables, automated medication dispensing and supply management systems, items for the secure collection and transportation of diagnostic specimens, instruments and reagent systems to detect a variety of infectious diseases and cancers, and clinical research tools are among its main products. In July 2022, in order to increase patient safety and improve the patient experience for hospital, retail, and long-term care pharmacies, Becton Dickinson and Company purchased Parata Systems, a company that provides cutting-edge pharmacy automation solutions.
July 2022: Caremeds was purchased by Equasens Group. With this acquisition, Equasens Group gained access to a complete and ground-breaking manual pill dispenser that is covered by a patent. In terms of design and capacity, the inclusion of AUTOMEDS semi-automatic dispensing devices is appropriate for the international market.
February 2022: Karie, a smart pill dispenser from AceAge Inc., has been incorporated into the Dignio Connected Care platform, according to Dignio AS and Care Homes. The pharmaceutical dispenser Karie and a number of measurement devices have been included into this solution. With this dispenser, the business has offered a seamless, secure, and safe drug distribution system to guarantee the patient's independence.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 2.7 Billion |
| Market Size 2023 | USD 2.92 Billion |
| Market Size 2032 | USD 5.626 Billion |
| Compound Annual Growth Rate (CAGR) | 8.50% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2023 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, Type, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | TALYST, LLC., Cerner Corporation, MCKESSON CORPORATION, CAPSA HEALTHCARE, SCRIPTPRO LLC, BAXTER INTERNATIONAL INC, BECTON DICKINSON &COMPANY, YUYAMA CO., LTD., omnicell, SWISSLOG HOLDING AG |
| Key Market Opportunities | Recent developments in automatic pill dispenser technology |
| Key Market Dynamics | Increase in the elderly population Rising disease burden |
Frequently Asked Questions (FAQ) :
The Automatic Pill Dispenser Machine Market size was valued at USD 2.7 Billion in 2022.
The global market is projected to grow at a CAGR of 8.50% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are TALYST, LLC., Cerner Corporation, MCKESSON CORPORATION, CAPSA HEALTHCARE, SCRIPTPRO LLC, BAXTER INTERNATIONAL INC, BECTON DICKINSON &COMPANY, YUYAMA CO., LTD., omnicell, SWISSLOG HOLDING AG.
The centralized automated dispensing systems category dominated the market in 2022.
The hospital pharmacy category had the largest share in the global market.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
