Global Automatic Pill Dispenser Market Insights Forecasts to 2032
- The Global Automatic Pill Dispenser Market Size was valued at USD 2.44 Billion in 2022
- The Market Size is Growing at a CAGR of 7.8% from 2022 to 2032
- The Worldwide Automatic Pill Dispenser Market Size is expected to reach USD 5.19 Billion by 2032
- Europe is expected to grow the fastest during the forecast period.
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The Global Automatic Pill Dispenser Market Size is expected to reach USD 5.19 Billion by 2032, at a CAGR of 7.8% during the forecast period 2022 to 2032.
Automatic pill dispensers are devices that release medication at predetermined intervals to help patients stick to their medication regimen. This device notifies the patient when it's time to take the medication. These devices are credited with saving lives and money in the health-care system. Advanced models can be linked to a medical facility via the Internet to help with medication monitoring and reminders. The rising prevalence of chronic illnesses such as Alzheimer's and osteoarthritis are a potential driver of the global automatic pill dispenser market. For people living with Alzheimer's disease or dementia, remembering to take the right medication at the right time every day is a major concern. Seniors, in particular, who live alone and find it difficult to take the correct medication due to complex medication regimens, benefit from the use of an automatic pill dispenser. During the forecast period, the factors boost market growth for automated pill dispensing systems market include increased awareness of health and safety in order to reduce medication errors, increased adoption of processes to control inventory costs, technological advancements, and improved healthcare infrastructure. With technological advancements and an increase in the prevalence of infectious and chronic diseases among the geriatric population, the use of automatic pill dispenser machines is expected to increase significantly. Recent advancements and continuous development in this field have fuelled market growth.
Global Automatic Pill Dispenser Market Report Coverage
|Market Size in 2022:||USD 2.44 Billion|
|Forecast Period 2022-2032 CAGR:||7.8%|
|2032 Value Projection:||USD 5.19 Billion|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||115|
|Segments covered:||By Type, By Indication, By Application, By Region|
|Companies Covered:||ScriptPro LLC, Baxter International Inc., Becton, Dickinson and Company, McKesson Corporation, Capsa Healthcare, Swisslog Holdings AG, Cerner Corporation, Yuyama Co.Ltd., Talyst Inc., Omnicell Inc., and Others.|
|Pitfalls & Challenges:||Covid-19 Empact,Challenges,Growth, Analysis,|
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The technological advancement in automatic pill dispensers are expected to boost the market in the forecast period. The technology integrated in automatic pill dispensers such as barcode scanning allows for correct medication dispensing while also preventing the loading of incorrect medication and providing additional safety precautions for high-risk drugs. The Bluetooth connectivity enables users to connect these devices to any compatible device, including phones, to receive visual and audio notifications, thereby positively propelling industry expansion. These devices now include a detachable digital timer, which is ideal for people with memory or cognitive disabilities who need frequent reminders to take medications. As a result, the industry demand is increasing significantly of the introduction of novel devices that allow users to set the timings to dispense multiple medications at required timings. Furthermore, rising economic strength in developing countries such as China, India, Mexico, and Brazil, as well as an increase in public and private healthcare expenditure, are expected to drive market growth and provide opportunities during the forecast period.
The software that controls the automatic pill dispenser is critical, and even minor errors in the software can endanger the patient’s life.
By Type Insights
The centralized automated dispensing systems segment dominates the market with the largest revenue share over the forecast period.
On the basis of type, the global automatic pill dispenser market is segmented into decentralized automated dispensing systems and centralized automated dispensing systems. Among these, the centralized automated dispensing systems segment is dominating the market with the largest revenue share over the forecast period. Centralized automated dispensing systems are electronic device used in healthcare facilities to store, allocate, and trace medications securely. The centralized automates dispensing systems are automate the medication allocating process, minimizing errors, increasing efficiency, and ensuring patient safety. Also, improve inventory management and reduce the risk of medication errors by allowing only authorized individuals to access these systems and recording every transaction electronically.
By Indication Insights
The physical disability segment is expected to hold the largest share of the global automatic pill dispenser market during the forecast period.
Based on the indication, the global automatic pill dispenser market is classified into physical disability, neurodegenerative disorders, dementia and others. Among these, the physical disability segment is expected to hold the largest share of the automatic pill dispenser market during the forecast period. The prevalence of physical disability segment in the automatic pill dispenser market can be attributed to a growing awareness of the difficulties that people with physical limitations face in adhering to complex medication regimens. With the increasing prevalence of chronic illnesses and the global ageing population, there is a growing demand for user-friendly and accessible healthcare solutions. Automatic pill dispensers make it easier for people with physical disabilities to manage their medications on their own, promoting adherence and lowering the risk of medication errors.
By Application Insights
The hospital segment is witnessing significant CAGR growth over the forecast period.
On the basis of application, the global automatic pill dispenser market is segmented into pharmacy, retail pharmacies and hospital. Among these, the hospital segment is witnessing significant growth over the forecast period. The computerised automatic pill dispenser used in hospitals is an advanced system for comprehensive drug dispensing process management that eliminates human error, subtracts the drug from the central inventory in real-time, and updates clinical case records. As a result, hospitals took over the automatic pill dispenser market, and this system is mostly used in hospitals.
North America dominates the market with the largest market share over the forecast period.
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North America is dominating the market with the largest market share over the forecast period. The technological advancements are well-established in healthcare infrastructure in North America. Several factors such as rising awareness of the benefits of automatic pill dispensers in enhancing patient. The growing safety and reducing medication errors coupled with the robust presence of key industry players. A large customer base and widespread adoption of advanced healthcare solutions. North America healthcare system, which offers universal coverage, promotes access to healthcare services, including medication management solutions. Furthermore, seniors frequently require assistance with medication management. Consumers are becoming more interested in automatic pill dispensers as technology advances and mobile apps are integrated.
Europe is expected to grow the fastest during the forecast period. The use of automatic pill dispensers helps to improve patient safety, medication adherence, and workflow efficiency. Automatic pill dispensers in pharmacies provide convenience and accuracy are boost the market growth. Germany leads the region due to a favourable reimbursement policy of the government and considerable investments in Research and Development.
List of Key Market Players
- ScriptPro LLC
- Baxter International Inc.
- Dickinson and Company
- McKesson Corporation
- Capsa Healthcare
- Swisslog Holdings AG
- Cerner Corporation
- Yuyama Co.Ltd.
- Talyst Inc.
- Omnicell Inc.
Key Market Developments
- On July 2022, Equasens Group acquired Caremeds. With this acquisition, Equasens Group gained a manual dispensing solution.
- On December 2022, Hero and Adhere Health have formed a strategic alliance. Hero's platform includes a smart pill dispenser that is linked to the internet.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global automatic pill dispenser market based on the below-mentioned segments:
Automatic Pill Dispenser Market, Type Analysis
- Decentralized Automated Dispensing Systems
- Centralized Automated Dispensing Systems
Automatic Pill Dispenser Market, Indication Analysis
- Physical Disability
- Neurodegenerative Disorders
Automatic Pill Dispenser Market, Application Analysis
- Retail Pharmacies
Automatic Pill Dispenser Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
1. What is the market size of the global automatic pill dispenser market?The global automatic pill dispenser market is expected to grow from USD 2.44 billion in 2022 to USD 5.19 billion by 2032, at a CAGR of 7.8% during the forecast period 2022-2032.
2. What are the elements driving the growth of the global automatic pill dispenser market?Increase in need of medication intake, increase in disposable income of consumers are key elements are driving the global automatic pill dispenser market expansion.
3. Which region is dominating the global Automatic Pill Dispenser market?North America is dominating the global automatic pill dispenser market
4. Which are the key companies in the market?ScriptPro LLC, Baxter International Inc., Becton, Dickinson and Company, McKesson Company, Capsa Healthcare, Swisslog Holdings AG, Cerner Corporation, Yuyama Co.Ltd. Talyst Inc., Omnicell Inc., and Others.
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