Automatic Pill Dispenser Market Size was valued at USD 3 billion in 2021 and is projected to grow from USD 3.25 Billion in 2022 to USD 6.78 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.5% during the forecast period (2023 - 2032).The rising geriatric population that are more prone to developing chronic diseases, such as cardiovascular diseases, cancer, diabetes, and chronic obstructive pulmonary disease are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Alzheimer's disease is the most frequent cause of dementia in Western societies. Approximately 5.5 million people are affected in the US, and the prevalence worldwide is estimated to be as high as 24 million. In 2019 The diabetes prevalence is estimated to be 9.3% (463 million people), by 2030 rising to 10.2% (578 million) and 10.9% (700 million) by 2045. In treatment for any illness an important aspect is taking medications correctly. When there are multiple pills to be taken at different times of the day for people with Alzheimer's or another kind of dementia and mild cognitive impairment, it can become confusing. Some medications are taken three times a day, some are taken on specific days and not taken on other days. As many people are on several medications, a pill dispensing system can often be helpful. Most people take medications at the same time every day. A Smart pillbox alarm reminder to Help Take Diabetes Medications makes it easy. Moreover, make it like another activity. To sum up, taking meds around a specific activity can keep one more adherent. The studied market growth is predominantly contributed by the factors such as the growing burden of diseases and the increasing elderly population across the globe. Due to the changing lifestyle pattern, diseases are increasing largely among the population. For instance, in 2021 World Health Organization (WHO), Health Estimates 2021, reported the top ten causes of Disability-Adjusted Life Years (DALYs) were neonatal conditions, Ischaemic heart disease, Stroke, Lower respiratory infections, Diarrhoeal diseases, Road injury, Chronic obstructive pulmonary disease, Diabetes mellitus, Tuberculosis, and Congenital anomalies. Also, there is seen the greatest increase in death in female around threefold due to dementia and Alzheimer’s over the past two decades, with around 80% more deaths and 70% more DALYs in female than male due to these neurological diseases Therefore, such medical condition related has enhanced the Automatic Pill Dispenser market CAGR across the globe in the recent years.
However, increasing high adoption of technological advancements implants is another factor driving the growth of the Automatic Pill Dispenser market revenue.
The Automatic Pill Dispenser market segmentation, based on type, includes centralized automated dispensing system, and decentralized automated dispensing system. The Centralized Automated Dispensing System segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The rising prevalence of diseases and increasing geriatric population will increase the market of this segment. Worldwide in 2020, there are an estimated 727 million persons aged 65 years or over. By 2050, this number is projected to double, reaching over 1.5 billion persons. In the population the share of older persons is expected to increase from 9.3% in 2020 to 16.0% in 2050. With multiple chronic conditions older adults face the complex task of medication management involving multiple medications of varying doses at different times. Advances in telehealth technologies have resulted in home-based devices for medication management and health monitoring of older adults. Hence, rising applications of Centralized Automated Dispensing System for Automatic Pill Dispenser positively impacts the market growth.
Figure 2: Automatic Pill Dispenser Market, by Type, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on End Users, the Automatic Pill Dispenser industry has been segmented into Hospital Pharmacy, Retail Pharmacy, Home Healthcare, and others. Retail Pharmacy held the largest segment share in 2021, Owing to increasing adoption in healthcare facilities and rising incidence of various diseases. Hospital Pharmacy provide the best healthcare facilities and advanced treatment options. Automatic pill dispenser cabinets provide a pharmacy and hospital medication management system that keeps inventory secure and organized. The cabinets manage each user's access to stored medications according to individual permissions and automatically document and tracks each transaction. The space-efficient design of the pill dispenser cabinets also frees up your floor space for other uses.
The fastest growing segment in the Automatic Pill Dispenser industry is Home Healthcare. he constant increase in the prevalence of chronic diseases such as cancer, diabetes, osteoarthritis and many others are also responsible for the market growth. In addition, rise in the number of prescriptions and the absence of trained pharmacists, which can lead to a high rate of error in manual dispensing, are also some of the factors that are anticipated to improve the automatic pill dispenser device adoption in the forecast period.
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Automatic Pill Dispenser market accounted for USD 1.28 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. Increased healthcare facilities and the rise in the geriatric population will dominate the market in this region. By 2050 in the U.S there will be more than 46 million older adults age 65 and older living. The number is expected to grow to almost 90 million. Between 2020 and 2030 alone.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: CERVICAL FUSION MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Automatic Pill Dispenser market accounts for the second-largest market share due to the rapid growth of population and increasing cases of diseases, growing awareness, and government initiatives. Further, the Germany Automatic Pill Dispenser market held the largest market share, and the UK Automatic Pill Dispenser market was the fastest growing market in the European region
The Asia-Pacific Automatic Pill Dispenser Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the rise in the population and increasing healthcare facilities from the government and private organizations. Moreover, China Automatic Pill Dispenser market held the largest market share, and the India Automatic Pill Dispenser market was the fastest growing market in the Asia-Pacific region.
Automatic Pill Dispenser Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Automatic Pill Dispenser market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Automatic Pill Dispenser industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Automatic Pill Dispenser industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Automatic Pill Dispenser industry has provided medicine with some of the most significant benefits. The Automatic Pill Dispenser market major player such as Medtronic Inc (Ireland), Abbott Laboratories (US), Stryker Corporation (US), and others are working to expand the market demand by investing in research and development activities.
Equasens provides healthcare IT solutions. The Company offers business software solutions for professionals and healthcare establishments. Equasens also specializes in the design of electronic equipment and digital and robotic health solutions, as well as in financing. In July 2022, Equasens Group acquired Caremeds. This acquisition added a manual dispensing solution to Equasens Group, it is a comprehensive and innovative patent-protected pill dispenser. The addition of AUTOMEDS semi-automatic dispensing systems is suited to the market in terms of design and capacity.
Also, Dignio was established in 2012 with the clear ambition to have an impact on healthcare systems and the lives of patients at a scale. In February 2022, Dignio AS, and Care Homes, announced that it has integrated AceAge Inc. Karie – smart pill dispenser, into its Dignio Connected Care solution. This solution has integrated with a variety of measuring devices and the medication dispenser, Karie. With this dispenser, the company has provided a secure and safe medication delivery that is seamlessly integrated to ensure the patient remains independent.
Key Companies in the Automatic Pill Dispenser market includes
Automatic Pill Dispenser Industry Developments
December 2020: Capsa launched NexsysADC as the practical automated dispensing cabinet for secure, controlled medication storage in various healthcare settings. The company has continued to enhance its unique ADC system with new cabinet sizes, user-friendly additions, continued software updates, and new accessories.
July 2020: Medminder Systems launched a telehealth-enabled automatic pill dispenser in the US. The dispenser is focusing on offering remote services to chronically patients and elderly individuals.
| Report Attribute/Metric | Details |
| Market Size 2021 | USD 3 billion |
| Market Size 2022 | USD 3.25 billion |
| Market Size 2030 | USD 6.78 billion |
| Compound Annual Growth Rate (CAGR) | 8.5% (2023-2032) |
| Base Year | 2021 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018 & 2020 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Yuyama Co.Ltd., Talyst, Inc. |
| Key Market Opportunities | Technological advancements |
| Key Market Dynamics | Growing geriatric population |
Automatic Pill Dispenser Market Highlights:
Frequently Asked Questions (FAQ) :
The Automatic Pill Dispenser market size was valued at USD 3 Billion in 2021.
The market is projected to grow at a CAGR of 8.5% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation.
The Centralized Automated Dispensing System category dominated the market in 2021.
The Hospital Pharmacy had the largest share in the market.
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Research Analyst Level I He is an extremely curious individual currently working in healthcare and medical devices domain. kinjoll is comfortably versed in data centric research backed by healthcare educational background. he leverages extensive data mining and analytics tools such as primary and secondary research, statistical analysis, machine learning, data modelling. his key role also involves technical sales support, client interaction and project management within the healthcare team. lastly, he showcases extensive affinity towards learning new skills and remain fascinated in implementing them.
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