Medicine Automated Dispensing Cabinet Market Scope
Automated dispensing cabinets, also known as automated dispensing system are medical cart intended to accomplish the needs of the healthcare professionals with reducing time required to arrange the medical supplies, thus streamline work as well as reduce expenses all together. These equipment are installed or movable used to carry medical supplies for the management of medical emergencies. These cabinets provide easy mobility, safety, efficiency, and comfort ability as possible to healthcare professional as well as provide better nursing point of care which support to target changing healthcare needs. These are used for treating bedridden patients so as to improve patient outcomes. It permits easy dispensing of medicine with minimum medication errors and confirms patient safety. Good ergonomic design of the medical carts decrease the risk of repetitive stress injuries among healthcare professionals. Global medicine automated dispensing cabinets market is likely to grow with the highest CAGR over the coming years.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Becton, Dickinson U.K. Limited (United Kingdom), Omnicell Technologies (United States), Takazono Corporation (Japan), Willach Group (Germany), YUYAMA CO.,LTD (Japan), Cerner Corporation (United States), Capsa Healthcare (United States) and Pearson Medical Technologies, LLC (United States) |
CAGR | 5.6% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Medicine Automated Dispensing Cabinet market throughout the predicted period.
Becton, Dickinson U.K. Limited (United Kingdom), Omnicell Technologies (United States), Takazono Corporation (Japan), Willach Group (Germany), YUYAMA CO.,LTD (Japan), Cerner Corporation (United States), Capsa Healthcare (United States) and Pearson Medical Technologies, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are RxMedic Systems, Inc. (United States) and ScriptPro LLC (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medicine Automated Dispensing Cabinet market by Type , by Application (Hospital, Retail pharmacies, Clinics, Ambulatory Surgical Centers, Diagnostic Centers and Others) and Region with country level break-up. On the basis of Type, General ADCsDecentralized automated dispensing cabinets are dominating the market in the year 2023
On the basis of application, Hospital segment is dominating the market in the year 2023
On the basis of geography, the market of Medicine Automated Dispensing Cabinet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
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.
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.
Market Growth Drivers:
Growing geriatric population & increasing health care expenditures and Increasing demand for automated dispensing systems
Challenges:
Strict regulations for the installation of automated dispensing systems
Restraints:
High maintenance and repairing costs
Opportunities:
Improving healthcare infrastructure & rising number of hospitalization cases
Key Target Audience
Pharmaceutical Companies, Research and Development Companies, Diagnostic and Clinical Laboratories, Government Research Institute, Public and Private Pharmacies and End Users