About Automated Dispensing Systems
Automated Dispensing Systems are devices or medical equipment which are designed to dispense medications based on prescriptions. Automated dispensing systems are available both in centralised and decentralised operations based on the specific requirements. Recent covid-19 pandemic has accelerated the market growth of the automated dispensing systems due to growing safe distance protocols around the globe. Shortage in medical staff has also pushed several governments around the globe to opt for automated solutions. Based on the applications the automated dispensing systems can be divided into out-patient and in-patient dispensing systems. North America is currently the largest market followed by Europe, and certain countries in Asia Pacific such as Japan and South Korea.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TouchPoint Medical (United States), Pearson Medical Technologies LLC (United States), Tosho Co., Ltd. (Japan), Takazono Corporation (United States), ArxIUM (Canada), Capsa Healthcare (United States), McKesson Corporation (United States), Accu-Chart Plus Healthcare Systems Inc. (United States), Willach Pharmacy Solutions GmbH (Germany) and Swisslog Holding AG (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Newlcon Oy (Finland), Omnicell Inc. (United States) and Baxter International Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Automated Dispensing Systems market by Type (Decentralized Systems and Centralized Systems), Application (Out-Patient Automated Dispensing and In-Patient Automated Dispensing) and Region.
On the basis of geography, the market of Automated Dispensing Systems 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). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Automated Dispensing Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Retail Pharmacies will boost the Automated Dispensing Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Centralised Systems are rising in Popularity
Market Growth Drivers:
Recent Pandemic Resulted in Implementation of Safe Distance Protocols and Improvement of Automation Technology
Challenges:
Less Knowledge about Operability of the Dispensing Systems in Rural Parts of Developing Countries
Restraints:
Higher Costs of Machines
Opportunities:
IoT can be integrated with Automated Dispensing Systems
Market Leaders and their expansionary development strategies
In 2021, ATS Automation Tooling Systems Inc., a Canada based automation systems developer and manufacturer has announced acquisition of BioDot, Inc., which specialises in manufacturing low volume precision dispensing systems. It also specialises in no-contact, fluid dispensing systems. The acquisition will help ATS expand its product portfolio and better serve its fast growing point of care, and diagnostic as well as clinical automation segment.
In 2020, Becton, Dickinson and Company, also known as BD which is United States based medical technology manufacturer has announced acquisition of Medical Business Assets of Cubex LLC. This acquisition significantly expands the Automated Dispensing Systems Portfolio of BD as well as benefit its growth prospect especially due to recent covid pandemic.
Key Target Audience
Automated Dispensing Systems Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.