AUTOMATIC PILL DISPENSER MARKET TRENDS 2022 : ANALYSIS OF KEY PLAYERS, OPPORTUNITIES, CONSUMPTION BY REGIONAL DATA, SIZE AND SHARE, GROWTH BY NEW TECHNIQUES AND FORECAST TO 2031

Kenneth Research, in its repository of market research reports, has recently added a report on Automatic Pill Dispenser Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Automatic Pill Dispenser Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $2104.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $10.0 billion from March 2020 till March 2021 whilest imports increased by $20.10 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automatic Pill Dispenser Market products.

The Global Automatic Pill Dispenser Market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 1,1000 million in 20110 and is projected to register a CAGR of 10.3% over the forecast period.Automatic pill dispenser is a system that helps to dispense the right medication at the right time. It is the simplest way to manage the most complex medication regimes.

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The increasing geriatric population is one of the key factors driving the automatic pill dispenser market as older population find it difficult to keep track of medications, and automatic pill dispenser helps them to adhere to timely medications. According to WHO, it is estimated that the world’s population aged 60 years and older are likely to double from 12% to 22% by 2050.

Various other factors such as the advancements in pill dispensers, raising awareness regarding adherence to medications, rise in regulatory approvals, and increasing investment on home care centers are also expected to propel the growth of the market. For instance, Omnicell, Inc., a leading provider of medication and supply management solutions, has launched XT Series Automated Supply Dispensing Cabinet. This new series offers additional features such as flexibility with modular design and significantly increased storage capacity.However, the high cost of the system will hamper market growth over the forecast period.

Segmentation

The global automatic pill dispenser market 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, decentralized automated dispensing system is classified into a pharmacy-based automated dispensing system, ward-based automated dispensing system, and automated unit dose dispensing system.

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Based on end user, the market is segmented into hospital pharmacy, retail pharmacy, and home healthcare.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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Key Players

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.

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