Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
| 2019 –2026 | |
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USD 3.57 Billion |
| USD 6.21 Billion | |
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Global Automated Dispensing Machines Market, By Type (Centralized, Decentralized), Application (In-Patient, Out-Patient), End-User (Hospitals, Pharmacies) – Industry Trends and Forecast to 2029
Market Analysis and Size
According to reports and data, the global automated dispensing machine market was valued at USD 3.57 billion in 2018 and is predicted to reach USD 6.21 billion by 2026, at a CAGR of 7.1%. Automated Dispensing Machines (ADMs) are computer-controlled pharmaceutical storage devices.
Data Bridge Market Research analyses that the automated dispensing machines market which was USD 4.43 billion in 2021, would rocket up to USD 7.61 billion by 2029, and is expected to undergo a CAGR of 7.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Centralized, Decentralized), Application (In-Patient, Out-Patient), End User (Hospitals, Pharmacies)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Tracxn Technologies Limited (U.S), BD (U.S), Omnicell, Inc. (U.S), Script Pro LLC (U.S), Avery Weigh-Tronix (U.K), Pearson Medical Technologies (U.S), Accu-Chart Plus Healthcare System, Inc. (U.S), Baxter (U.S), Capsa Healthcare (U.S), B. Braun Melsungen AG (Germany), Swisslog Holding AG (Switzerland), Willach Pharmacy Solutions (Germany), Newlcon (Finland), ArxIUM (U.S)
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Market Opportunities
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Market Definition
In automated dispensing machines, chemical techniques are used to determine the quantities of chemical components in body fluids. It is an area of biochemistry that deals with the analysis of body fluids for diagnostic purposes. Automated dispensing machines examines serum, blood, cerebrospinal fluids, plasma, and urine samples for analyte concentration to diagnose disorders, determine metabolic function, and detect the presence of drugs.
Drivers
The global automated dispensing devices market was worth USD 2.9 billion in 2015, and it's expected to rise at a healthy CAGR of over 7% over the next few years. During the projected period, rising government activities to support healthcare institutes and pharmacists with the deployment of a technologically enhanced medicine dispensing system to prevent pharmaceutical errors are predicted to boost utilisation rates.
In 2015, in-patient accounted for 74.4 % of the application segment. The rising number of patient admissions places a greater load on pharmacy departments and increases the risk of inadequate inventory management, resulting in a greater demand for automated drug dispensing systems.
In 2015, hospitals accounted for 56.1 % of the end-use category. One of the variables indicating an increased risk of pharmaceutical errors is a lack of proper pharmacy inventory management standards in hospitals. The shortage of pharmacists and technicians is a major factor limiting industry expansion. The sample mean density for number of pharmacists per 10,000 inhabitants was 6.02, according to the 2012 FIP Pharmacy Global Work Force Report. The implementation of automated dispensing systems in hospitals is being driven by a lack of adequate skilled workers and a high error rate in manual dispensing.
Opportunities
Due to an increase in demand for technology advancement and a reduction in the overall cost associated with inventory management, the outpatient segment is predicted to rise at a profitable CAGR of 7.00 %. Furthermore, the growing demand for real-time inventory tracking, automation in the pharmaceutical delivery system, and efficient order management are some of the key indicators pointing to an increased need for automated dispensing equipment to reduce excess inventory and meet patient needs. One of the key reasons expected to drive growth in the next years is an increase in the number of patients seeking home and long-term care.
Restraints/Challenges
Stringent regulatory norms, high costs of automated dispensing machines and prescription drugs and rising data theft and cybersecurity concerns are some of the restraints of the market.
This automated dispensing machines market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automated dispensing machines market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 lockdown lifting has been carried out in stages in some nations, and it has since been completed in others. This has proven to be a positive indicator for the economy's recovery and job creation, which has resulted in increased demand for services and goods. The key competitors in the automated dispensing machines market have focused on the digitalization of the systems in 2021, which will improve machine sales in the near future. This is also contributing to an increase in machine manufacturing and installation in healthcare settings around the world.
Recent Development
The automated dispensing machines market is segmented on the basis of type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Application
End-User
The automated dispensing machines market is analysed and market size insights and trends are provided by country, type, application and end-user as referenced above.
The countries covered in the automated dispensing machines market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominating the due to increase in the prevalence of various chronic disorders among both the pediatric and elderly population.
Asia-Pacific is expected to emerge as the fastest-growing region with a CAGR of 7.00% over the forecast period 2022-2029. The supportive initiatives by the government and growing incidence of medication errors are expected to drive the growth of the market in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The automated dispensing machines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automated dispensing machines market.
Some of the major players operating in the automated dispensing machines market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.