Market Highlights
It is estimated that the global automated dispensing machines market is expected to register a CAGR of 8.1% with an estimated market value of USD 4,931 million during the forecast period of 2018–2023. Automated dispensing machines are designed for centralized filling of individual patient prescriptions and unit-dose medication orders as well as decentralized dispensing.
Automated dispensing devices are an increasingly predominant component of the medication-use process in healthcare organizations. The global automated dispensing machines market is currently dominated by many market players.
The key players in the market are engaged in new product launches and strategic collaborations to strengthen its market position. For instance, in November 2017, Swisslog Healthcare, a leading supplier of medication and supply chain management solutions for health systems, announced the launch of Pharmacy Analytics, a cloud-based data analytics platform intended to help hospital pharmacies improve operational efficiencies.
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Some of the key players in the global automated dispensing machines market are ScriptPro LLC, Becton, Dickinson and Company, Omnicell, Inc., Avery Weigh-Tronix, Pearson Medical Technologies, LLC, Accu-Chart Plus Healthcare Systems, Inc., Baxter, Capsa Healthcare, YUYAMA Co., Ltd, Talyst, LLC, and Cerner Corporation.
Regional Analysis
The market in the Americas is expected to dominate the global automated dispensing machines market during the forecast period owing to the presence of a well-developed healthcare sector, and growing healthcare expenditure. Additionally, favorable reimbursement scenario and increased deaths due to medical errors in this region contribute to the growth of the market. According to the data published in the British Medical Journal (BMJ) in the year 2016, there occur more than 250,000 deaths per year due to medical error in the US. Europe is expected to hold the second largest position in the global automated dispensing machines market due to the worldwide increase in the geriatric population.
Asia-Pacific is anticipated to be the fastest growing region in the market due to the presence of a huge patient population, continuously developing economies and increasing government funding for the healthcare sector. On the other hand, the Middle East & Africa has the least share of the market. Majority of the market of this region is expected to be held by the Middle East region due to growing government initiatives for the healthcare sector.
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