What is Automatic Pill Dispenser Machine?
An automated pill dispenser is an object that dispenses medication at certain times. These are often used to help people, whether old or permanently ill, take their recommended medication, or daily supplements at a specific time. In the healthcare industry, there are telehealth items that alerts patients when it is time to take their suppositories. These are also lockable and give the right medication at the right period in the right amount. The drugs are loaded into the donor and each dose is administered according to a predetermined program. An auditory prompt tells you that it's time to take your medication. They offer computer-controlled packaging, allocation, and tracking of medicines. They have been recommended as a potential device to improve efficacy and patient safety.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Baxter International (United States), Philips (Netherlands), Becton Dickinson, Capsa Healthcare (United States), Cerner (United States), McKesson Corporation, Omnicell (United States), ScriptPro (United States) and Swisslog Holding (Switzerland) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Centralized Automated Pill Dispensing Systems and Decentralized Automated Pill Dispensing Systems) , by application (Hospital, Retail Drug Stores and Pharmacies) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Automatic Pill Dispenser Machine market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Automatic Pill Dispenser Machine market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Baxter International (United States), Philips (Netherlands), Becton Dickinson, Capsa Healthcare (United States), Cerner (United States), McKesson Corporation, Omnicell (United States), ScriptPro (United States) and Swisslog Holding (Switzerland).
Market Overview:
The National Association of Boards of Pharmacy (NABP) includes language on automation in the NABP Model State Pharmacy Act and Model Rules. The NABP Model Act uses the term “automated pharmacy systems” and defines them to include, but not be limited to, “mechanical systems that perform operations or activities, other than Compounding or Administration, relative to the storage, packaging, Dispensing, or Distribution of medications, and which collect, control, and maintain all transaction information.” The NABP Model Rules suggest specific requirements and other options for helping the individual states to determine as to which automated pharmacy systems are appropriate for use.
The global automated pill dispensing machine market was highly concentrated on very few players. Thus the market shows a strategic monopoly in the moderately competitive environment. However, with respect to minimal initial investments in the automated pill dispensers manufacturing, it has hereby favored the new entrants to gain more market share from the local market. The global leader's in the business might be affected due to new entrants. Moreover, all the global leaders would continuously adopt strategic partnerships as well as technological developments so as to gain a competitive edge in a moderately competitive environment.
Influencing Trend:
Centralized and Decentralized Dispensing Machines, High Level of Accuracy and Higher Throughput of the Equipment’s and Increasing Use of Connected Technologies in Pill Dispensers
Market Growth Drivers:
Increasing Geriatric and Working Population across the Globe, Growing Adoption of Robotic Technology, Increase the Use of Automation, And High End-Use Application and Increasing Adoption of Automated Pill Dispensers in Hospitals
Challenges:
Huge Investment in Research and Development and Difficulties in Manufacturing Consistent, Accurate, and Reliable System
Restraints:
High Cost and Maintenance of the Equipment and Lack of Awareness in Many Geographical Regions
Opportunities:
Increasing Product launches and Innovation in Pill Dispenser, Technological Advancements in Medical Industry and Increasing Government Initiatives for Developing Healthcare Infrastructure
Key highlights of the Global Automatic Pill Dispenser Machine market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Automatic Pill Dispenser Machine market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Automatic Pill Dispenser Machine market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Automatic Pill Dispenser Machine Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automatic Pill Dispenser Machine market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Automatic Pill Dispenser Machine market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Automated Pill Dispensing Machines Manufacturers, Suppliers and Distributors of Automated Pill Dispensing Machines, Medical and Pharmaceutical Companies, Parts and Component Suppliers, Industrial Bodies and Associations, Market Research Firms and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.