Automatic pill dispenser machines are designed to ease the work load of pharmacist, doctor, nurse, patients, and caretakers, by enabling medication counting, medicine management, and dispensing and inventory control. These devices support minimization of prescription errors that lead to fatal injury or death and ensure patient safety.
The global automatic pill dispenser machine market accounted for $1,755 million in 2020, and is estimated to reach $3,023 million by 2026, growing at a CAGR of 8% during the analysis period of 2021-2026.
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In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Global automatic pill dispenser machine market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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Increase in healthcare awareness, rapid growth of infections & chronic diseases such as diabetes, asthma, blood pressure, & others, and a rise in the geriatric population primarily drive the automatic pill dispenser machine market. The rise in need for self-care and home-based treatments due to hectic lifestyles and to reduce prescription & dispensing errors fuel the market growth.
Furthermore, growth in healthcare expenditure and technological advancement for workflow optimization in hospitals and other healthcare centers drive the market growth. However, high installation cost of some of these systems and significant levels of government rules & regulations associated with production and sale of automatic pill dispenser machine limit the growth of the market. Ongoing R&D in the field of automatic pill dispenser machine is anticipated to create new opportunities during the forecast period.
The market is segmented on the basis of type, application, and region. Based on type, the market is categorized into centralized automated dispensing systems and decentralized automated dispensing systems. Based on application, the market is classified into hospital pharmacy, retail pharmacy, and home healthcare. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global automatic pill dispenser machine market, with current trends and future estimations to elucidate investment pockets.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
The report provides a quantitative analysis to help stakeholders capitalize on prevailing market opportunities from 2017 to 2023 in terms of value.
Extensive analysis of different segments helps understand various products of the market.
Key players are profiled and their strategies thoroughly analyzed, which predict the competitive outlook of the market.
KEY PLAYERS PROFILED
Baxter International Inc.
Becton, Dickinson and Company
Swisslog Holdings AG
Yuyama Co., Ltd.
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KEY MARKET SEGMENTS
Centralized Automated Dispensing Systems
Robots/Robotic Automated Dispensing Systems
Decentralized Automated Dispensing Systems
Pharmacy-Based Automated Dispensing Systems
Ward-Based Automated Dispensing Systems
Automated Unit Dose Dispensing Systems
Mental Health excluding dementia
85 Years and Above
Rest of Europe
Rest of Asia-Pacific
The Middle East
The other players operating in the automatic pill dispenser machine market include (companies not profiled in the report):
Illinois Tool Works
Pearson Medical Technologies
Accu-Chart Plus Healthcare System
Allscripts Healthcare Solutions, Inc.
Constellation Software Inc.
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What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market’s growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
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What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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