The high volume dispensing systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
High Volume Dispensing Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The high volume dispensing systems market size has grown strongly in recent years. It will grow from $2.14 billion in 2023 to $2.30 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increasing production capacities in pharmaceutical industries, increasing use of advanced fluid control systems, rise in demand for bulk liquid handling systems, growth in demand for efficient adhesive dispensing solutions, and rise in demand for continuous production lines.
The high-volume dispensing systems market size is expected to see strong growth in the next few years. It will grow to $3.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to the increasing number of retail and hospital pharmacies, the increasing number of prescriptions, growing adoption of pharmacy automation systems, rising automotive industry, and rising demand for miniaturized electronic devices. Major trends in the forecast period include technological advancements, integration of automation technologies, integration of IoT, sustainable dispensing solutions, and robotics.
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Scope Of High Volume Dispensing Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
High Volume Dispensing Systems Market Overview
Market Drivers –
The increasing number of prescriptions is expected to propel the growth of the high-volume dispensing systems market going forward. Prescriptions are written orders from a healthcare provider allowing patients to receive and use particular medications. The increasing number of prescriptions is driven by factors such as an aging population, rising prevalence of chronic diseases, expanded access to healthcare, and advancements in medical treatments. High-volume dispensing systems streamline the process, allowing pharmacies and healthcare providers to handle large prescription volumes more efficiently with enhanced speed, accuracy, and fewer manual errors. For instance, in October 2023, according to the National Community Pharmacists Association, a US-based organization representing independent community pharmacists, in 2022, the average prescription volume per store rose to 66,218, up from 63,228 prescriptions in 2021. Therefore, the increasing number of prescriptions is driving the growth of the high-volume dispensing systems market.
Market Trends –
Major companies operating in the high-volume dispensing systems market are focusing on developing advanced technologies, such as next-generation automatic paint dispensers, to provide highly accurate and precise dispensing. Next-generation automatic paint dispensers are cutting-edge devices that enhance the paint dispensing process by providing greater precision, efficiency, and ease of maintenance, making them ideal for high-volume operations. For instance, in March 2022, Fluid Management, a US-based paint dispenser, launched the AccuSmar, a new series of automatic paint dispensers. It includes AccuSmart 7500 and 9500. These models enhance efficiency, ergonomics, and productivity in high-volume paint dispensing. The AccuSmart 7500 is a compact automatic paint dispenser ideal for smaller operations. It supports four or 6-quart canisters and offers a maximum flow rate of 80 ounces per minute. The AccuSmart 9500 is designed for high-volume paint dispensing, with a maximum flow rate of 150 ounces per minute, and can handle canisters ranging from four quarts to five gallons.
The high volume dispensing systems market covered in this report is segmented –
1) By Product Type: Systems And Cabinets, Software
2) By Material: Adhesives, Sealants, Lubricants, Epoxies, Greases
3) By End-Use: Retail Pharmacy, Hospital Pharmacy, Long-Term Care Pharmacy, Other End-Users
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Regional Insights –
North America was the largest region in the high volume dispensing systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high volume dispensing systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the high volume dispensing systems market are McKesson Corporation, 3M Company, Henkel AG & Co KGaA, Sulzer Ltd., IDEX Corporation, Nordson Corporation, Graco Inc., Omnicell Inc., Dover Fueling Solutions, ScriptPro LLC, Capsa Healthcare, Dymax Corporation, ARxIUM Inc., UDM Systems Ltd., ViscoTec Pumpen u Dosiertechnik GmbH, Macnaught Pty Ltd., Fluid Research Corp, Fisnar Inc., Alemite LLC, Samoa Industrial
Table of Contents
1. Executive Summary
2. High Volume Dispensing Systems Market Report Structure
3. High Volume Dispensing Systems Market Trends And Strategies
4. High Volume Dispensing Systems Market – Macro Economic Scenario
5. High Volume Dispensing Systems Market Size And Growth
…..
27. High Volume Dispensing Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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