Automatic Pill Dispenser Market size was valued at US$ 2.63 Bn. in 2023 and the total revenue is expected to grow at CAGR 9.7 % through 2024 to 2030, reaching nearly US$ 5.03 Bn.Automatic Pill Dispenser Market Overview:
In inpatient care units, automated dispensing equipment allows for secure medication storage as well as computerized tracking of narcotic and other restricted drug usage. Reports can be created to aid in the detection and prevention of possible deviation from medication course. By removing the need for manual end-of-shift narcotic counts in patient care units, automated dispensing machines save nurses time. The capacity to detect and proactively monitor drug consumption patterns is another therapeutic function of automated dispensing equipment. This is accomplished by developing clinical indicators during medication removal. One example of this method was the use of aprotinin, a medicine provided by injection to minimize bleeding and the need for blood transfusions during difficult surgery. This medicine is costly, and its usage is restricted; as a result, it was regarded appropriate for assessing the use of clinical indicators. Finally, automated dispensing equipment saves pharmacists' dispensing time since inventory management is driven by pre-set minimum and maximum levels and is managed only by pharmacy technicians. As a result, pharmacists have more time to devote to direct patient care and patient safety measures. Automated dispensing devices have unquestionably satisfied the standards for an effective drug delivery system in this age of technological advancement. Implementing automated dispensing devices is a step toward improving patient safety when cabinet design and use are well planned and the cabinets are used to their maximum capacity. The Automatic Pill Dispenser market is segmented based on Technique, End-User, and Region. The growth of various segments helps the report users in acquiring knowledge of the many growth factors expected to be prevalent throughout the market and develop different strategies to help identify core application areas and the gap in the target market. The report provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics.To know about the Research Methodology :- Request Free Sample Report
Automatic Pill Dispenser Market Dynamics:
The increase in the prevalence of diseases like diabetes, cancer, and any other chronic disease. This Automatic Pill Dispenser system provides help to the patients with very accurate medication with the right dosage form. The increasing elderly population across the globe and in the memory loss patients are the major driving factors in the Automatic Pill Dispenser Market. According to the World Health Organization (WHO), Global Health Estimates 2021, the top ten global causes of Disability-adjusted life year in 2019 were ischemic heart disease, Stroke, Lower Respiratory Infection, Diarrhoeal diseases, Road injury, Chronic obstructive pulmonary disease, Diabetes mellitus, Tuberculosis, and Congenital anomalies. According to the US report 2020, there were 728 Mn people in the world age 65 or above and it’s also expected to increase 1.5Bn by 2040. Hence, the geriatric population has been increased which driving the Automatic Pill Dispenser market.Government around the world taking responsibilities and initiatives for the smooth operation of the healthcare sector. Rising government initiatives along with regulatory approval are expected to bring opportunities for the Automatic Pill Dispenser market. Recent technology and development in the Automatic Pill Dispenser are poised to impel the market growth during the forecast period. The recent arrival is Automatic Pill Dispenser connected with barcode scanning and get exact medication dispensing. It’s also preventing the loading of any wrong medication delivery. Bluetooth connectivity is also available for this device. Lack of awareness and not being aware of the availability of the system is the main challenge. It also involves high initial cost and it gives low return 0n investment and lock of knowledge has been one of the major challenges in Automatic Pill Dispenser market.
Company Doses Upfront Cost Monthly Fee MedaCube Up to 20x/day $1,399 (New) $1,199 (Refurbished) $0 Pria No Limit $299.99 $9.99 Hero Up to 10x/day $99 $29.99 Philips Up to 6x/day $0 $59.95 Livi Up to 24x/day $49 $99 Automatic Pill Dispenser Market Segment Analysis:
The Automatic Pill Dispenser Market is segmented By Technique, and End-users Based on the Technique, The Automatic Pill Dispenser Market is segmented into the Centralized and Decentralized segments. The centralized segment is sub-segmented into the Robotic and Carousels Automatic Pill Dispenser. The decentralized segment is sub-segmented into the Pharmacy-Based, Ward based, and Unit-Dose based automatic pill dispenser. The centralized market is expected to grow at a CAGR of 9.45% during the forecast period. Led by several medication storages, improves staff productivity and reduces medication error among others. The centralized automatic pill dispenser market is expected to reach 2.58 Bn by 2030. Robotic Centralized automatic dispensers organize a large number of drugs without any need for human intervention, pharmaceutical operation and provide security. Based on the End User, The Automatic Pill Dispenser Market is segmented into Hospital Pharmacies, Retail Pharmacies, Home Healthcare, and Online segment. The hospital pharmacies segment held 45.7% of the market share in the year 2023. Automatic pill dispenser offers a medication management system that keeps medications well organized and secured, hence, Hospital dominated the Automatic Pill Dispenser Market, and this system is mostly used in hospitals. The computerized automatic pill dispenser used in hospitals is an advanced system for comprehensive management of the drug dispensing process that avoids human error, subtracts the drug from the central inventory in real-time, and updates the clinical case records.Automatic Pill Dispenser Market Regional Insights:
North America dominated the Automatic Pill Dispenser Market with the largest market share of 79% in 2023 and is expected to grow further during the forecast period. This region is expected to reach USD 1.62 Bn by 2030.The growing geriatric population along with the increasing prevalence of the chronic disease. Japan held a market share of 30.2% in the year 2023 and is expected to reach USD 205 million during the forecast period. This market value is pertaining to the rising prevalence of chronic diseases, increasing longevity, and government policies for improving the health of the elderly people in the country. According to data from the World Health Organization (WHO), roughly half of all medications are not taken as prescribed. This accounts for 25% of all annual hospital visits in the United States. As a result, the demand for automatic pill dispensers is skyrocketing due to the need to improve primary medication adherence, improve outcomes for more patients, and broaden access to prescriptions for patients with mobility limitations. Europe accounted for the second-largest market share in Automatic Pill Dispenser in 2023. The increasing prevalence of diabetes, cardiovascular disorder, and obesity are expected to further fuel the growth of the Automatic Pill Dispenser Market. This is because rising behavioral risk factors such as smoking, alcohol, unhealthy diet are negatively impacting health. The objective of the report is to present a comprehensive analysis of the Automatic Pill Dispenser Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Market, structure by analyzing the market segments and project the Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Automatic Pill Dispenser Market the report investor’s guide.Automatic Pill Dispenser Market Scope: Inquire before buying
Automatic Pill Dispenser Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 2.63 Bn. Forecast Period 2024 to 2030 CAGR: 9.7% Market Size in 2030: US $ 5.03 Bn. Segments Covered: by Technique Centralized Robotic Carousels Decentralized Pharmacy Based Ward based Unit-Dose based by End Users Hospital Pharmacies Retail Pharmacies Home Healthcare Online Automatic Pill Dispenser Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Automatic Pill Dispenser Market Key Players
1. McKesson Corporation 2. Yuyama Co.Ltd. 3. Talyst, Inc. 4. ScriptPro LLC 5. Baxter International Inc. 6. Becton, Dickinson, and Company 7. Omnicell Inc. 8. Capsa Healthcare 9. Swisslog Holdings AG 10.Cerner Corporation 11.Becton, Dickinson and Company 12.Cerner Corporation 13.Talyst, LLC 14.YUYAMA Co.,Ltd Frequently Asked Questions: 1] Which segments are covered in Automatic Pill Dispenser Market report? Ans. The segments covered in Market report are based on Technique, and end users. 2] Which region is expected to hold the highest share in the Automatic Pill Dispenser Market ? Ans. North America is expected to hold the highest share in the Market . 3] What is the market size of Market by 2030? Ans. The market size of Market by 2030 is US $ 5.03 Bn. 4] Who are the top key players in the Market ? Ans. Becton, Dickinson, and Company, Omnicell Inc, Capsa Healthcare ,Swisslog Holdings AG, Cerner Corporation, Becton, Dickinson and Company, Cerner Corporation, Talyst, LLC, YUYAMA Co.,Ltd 5] What was the market size of Automatic Pill Dispenser Market in 2023? Ans. The market size of Market in 2023 was US $ 2.63 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Automatic Pill Dispenser Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automatic Pill Dispenser Market 3.4. Geographical Snapshot of the Automatic Pill Dispenser Market , By Manufacturer share 4. Automatic Pill Dispenser Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Automatic Pill Dispenser Market 5. Supply Side and Demand Side Indicators 6. Automatic Pill Dispenser Market Analysis and Forecast, 2023-2030 6.1. Automatic Pill Dispenser Market Size & Y-o-Y Growth Analysis. 7. Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 7.1.1. Centralized 7.1.1.1. Robotic 7.1.1.2. Carousels 7.1.2. Decentralized 7.1.2.1. Pharmacy Based 7.1.2.2. Ward based 7.1.2.3. Unit-Dose based 7.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 7.2.1. Hospital Pharmacies 7.2.2. Retail Pharmacies 7.2.3. Home Healthcare 7.2.4. Online 8. Automatic Pill Dispenser Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 9.1.1. Centralized 9.1.1.1. Robotic 9.1.1.2. Carousels 9.1.2. Decentralized 9.1.2.1. Pharmacy Based 9.1.2.2. Ward based 9.1.2.3. Unit-Dose based 9.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 9.2.1. Hospital Pharmacies 9.2.2. Retail Pharmacies 9.2.3. Home Healthcare 9.2.4. Online 10. North America Automatic Pill Dispenser Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 12. Canada Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 13. Mexico Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 14. Europe Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 15. Europe Automatic Pill Dispenser Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 17. France Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 18. Germany Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 19. Italy Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 20. Spain Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 21. Sweden Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 22. CIS Countries Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 23. Rest of Europe Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 24. Asia Pacific Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 25. Asia Pacific Automatic Pill Dispenser Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates &Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 27. India Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 28. Japan Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 29. South Korea Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 30. Australia Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 31. ASEAN Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 32. Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 33. Middle East Africa Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 34. Middle East Africa Automatic Pill Dispenser Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 36. GCC Countries Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 37. Egypt Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 38. Nigeria Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 39. Rest of ME&A Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 40. South America Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 41. South America Automatic Pill Dispenser Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 43. Argentina Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 44. Rest of South America Automatic Pill Dispenser Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Technique, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By End Users, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Automatic Pill Dispenser Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Yumaha 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.2. Business Strategy McKesson Corporation 45.3.3. Yuyama Co.Ltd. 45.3.4. Talyst, Inc. 45.3.5. ScriptPro LLC 45.3.6. Baxter International Inc. 45.3.7. Becton, Dickinson, and Company 45.3.8. Omnicell Inc. 45.3.9. Capsa Healthcare 45.3.10. Swisslog Holdings AG 45.3.11. Cerner Corporation 45.3.12. Becton, Dickinson and Company 45.3.13. Cerner Corporation 46. Primary Key Insights