Market Highlights
Theincreasing prevalence of cardiovascular disordersand growing older population are the key factors driving the automatic pill dispenser market. As per the report published by the Centers for Disease Control and Prevention (CDC) in 2017, nearly 92.1 million adults were dealing with at least one type of cardiovascular disease.
Automatic Pill Dispenser Market Share was valued at USD 3 billion in 2021 and is projected to grow from USD 3.25 Billion in 2022 to USD 5.76 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2022 - 2030).
Various other factors such as the advancements inautomatic pill dispenser,increasing geriatric population, untapped emerging markets, rise in regulatory approvals, and increasinginvestment on home care centers are also expected to propel the growth of the market.
However, the high cost ofthe systemcan hamper market growth over the forecast period.
Key Players
Some of the key players in the global automatic pill dispenser market are Baxter International Inc, Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Yuyama Co.Ltd. Talyst, Inc., and others
Segmentation
The global automatic pill dispenser market outlook is segmented based on type, end user, and region.
The global market for automatic pill dispenser, by type, is segmented into a centralized, automated dispensing system, and decentralized the automated dispensing system. The centralized, automated dispensing system is further classified into robotic automated dispensing systems, and carousels. Furthermore, the decentralized automated dispensing system is classified into a pharmacy-based automated dispensing system, ward-based automated dispensing system, and automated unit dose dispensing system.
Based on end user, the market is segmented into hospital pharmacy, retail pharmacy, andhome healthcare.
The centralized, automated dispensing system segment is expected to witness the fastest growth over the forecast period due to increasing adoption in various hospitals as well as other healthcare facilities.
Regional Analysis
In the current scope of the study, the segments mentioned above are covered into the four global regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East and African region.
The automatic pill dispenser market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European automatic pill dispenser market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The automatic pill dispenser market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The automatic pill dispenser market in the Middle East Africa has been segmented into the Middle East and Africa.
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