Automated Dispensing Machines Market Share, Trends And Forecast 2024-2033

The automated dispensing machines 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.

Automated Dispensing Machines 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 automated dispensing machines market size has grown strongly in recent years. It will grow from $3.91 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to medication dispensing efficiency, reduction of medication errors, increasing medication volumes, regulatory compliance requirements, patient-centered care initiatives, minimization of medication waste.

The automated dispensing machines market size is expected to see strong growth in the next few years. It will grow to $5.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to streamlining pharmacy workflows, telehealth and medication access, reduction in waiting times, customization of medication dosages, smart medication management systems, data analytics for medication trends, medication therapy management programs. Major trends in the forecast period include integration of rfid and barcode technologies, shift toward decentralized medication dispensing, integration with electronic health records (ehr), integration of artificial intelligence (ai), focus on specialty medications, compliance with regulatory standards.

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Scope Of Automated Dispensing Machines 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.

Automated Dispensing Machines Market Overview

Market Drivers –

The rising geriatric population is expected to propel the growth of the automated dispensing machines market going forward. The geriatric population is the population aged 65 years and older. The geriatric population often suffers from various diseases because of their age factor and will need more accurate and better patient care where automated dispensing machines provide greater medication security, improved nurse access to medications, more efficient medication billing and inventory management, and potential reductions in medication errors. For example, according to ACL (Administration for Community Living), a US-based government organization, the geriatric population is expected to increase by 21.6% by 2040. Therefore, the increasing geriatric population drives the automated dispensing machines market.

Market Trends –

Major companies operating in the automated dispensing machines market are developing technological solutions, such as integration of advanced analytics and machine learning, to improve medication safety and increase efficiency. It utilization of sophisticated data analysis and learning algorithms to optimize inventory management, enhance predictive maintenance, and improve overall operational efficiency For instance, in June 2021, Becton, Dickinson, and Company, a US-based medical device company, launched automated medication dispensing systems called Pyxis ES. The Pyxis ES system is designed to improve medication management across healthcare organizations by providing comprehensive solutions. These systems leverage advanced analytics and machine learning to enhance medication management while minimizing the risk of medication errors. They are equipped with a user-friendly touchscreen interface and feature a modular design that offers flexibility in installation and customization.

The automated dispensing machines market covered in this report is segmented –

1) By Product: Automated medication dispensing and storage system., Automated packaging and labelling systems, Automated tabletop counters, Automated medication compounding systems

2) By Application: In-patient, Out-patient

3) By Enduser: Hospitals, Pharmacies

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Regional Insights –

North America was the largest region in the automated dispensing machines market in 2023. Asia-Pacific is expected to be the fastest-growing region in the automated dispensing machines market report during the forecast period. The regions covered in the automated dispensing machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –

Major companies operating in the automated dispensing machines market report are Becton Dickinson and Company, Baxter International Inc., SciptPro LLC, Omnicell Inc., Accu-Chart Plus Healthcare System Inc., Pearson Medical Technologies LLC, Swisslog Holding Limited, Avery Weigh-Tronix, Talyst LLC, TouchPoint Medical, Tosho Inc., Takazono Corporation, McKesson Corporation, B. Braun Melsungen AG, Cerner Corporation, Capsa Solutions LLC, RxMedic Systems, AlixaRx, Willach Pharmacy Solutions, Newlcon Oy, Aesynt Incorporated, Musashi Engineering Inc., Techcon Systems Inc., Fisnar Inc., Tengsheng Precision Machinery Co. Ltd., M&H Plastics, CKF Inc., Pretium Packaging, New Vision Packaging, Ottmar Reisacher

1. Executive Summary

2. Automated Dispensing Machines Market Report Structure

3. Automated Dispensing Machines Market Trends And Strategies

4. Automated Dispensing Machines Market – Macro Economic Scenario

5. Automated Dispensing Machines Market Size And Growth

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27. Automated Dispensing Machines Market Competitor Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

30. Appendix

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