Scope of the Study
An automated pill dispenser is an object that dispenses medication at certain times. These are often used to help people, whether old or permanently ill, take their recommended medication, or daily supplements at a specific time. In the healthcare industry, there are telehealth items that alerts patients when it is time to take their suppositories. These are also lockable and give the right medication at the right period in the right amount. The drugs are loaded into the donor and each dose is administered according to a predetermined program. An auditory prompt tells you that it's time to take your medication. They offer computer-controlled packaging, allocation, and tracking of medicines. They have been recommended as a potential device to improve efficacy and patient safety.
The market study is being classified by Type (Centralized Automated Pill Dispensing Systems and Decentralized Automated Pill Dispensing Systems), by Application (Hospital, Retail Drug Stores and Pharmacies) and major geographies with country level break-up.
Baxter International (United States), Philips (Netherlands), Becton Dickinson (United States), Capsa Healthcare (United States), Cerner (United States), McKesson Corporation (United States), Omnicell (United States), ScriptPro (United States) and Swisslog Holding (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Talyst (United States) and Yuyama (Japan).
The global automated pill dispensing machine market was highly concentrated on very few players. Thus the market shows a strategic monopoly in the moderately competitive environment. However, with respect to minimal initial investments in the automated pill dispensers manufacturing, it has hereby favored the new entrants to gain more market share from the local market. The global leader's in the business might be affected due to new entrants. Moreover, all the global leaders would continuously adopt strategic partnerships as well as technological developments so as to gain a competitive edge in a moderately competitive environment. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Automatic Pill Dispenser Machine market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Automatic Pill Dispenser Machine market by Type, Application and Region.
On the basis of geography, the market of Automatic Pill Dispenser Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Geriatric and Working Population across the Globe
- Growing Adoption of Robotic Technology
- Increase the Use of Automation, And High End-Use Application
- Increasing Adoption of Automated Pill Dispensers in Hospitals
- Centralized and Decentralized Dispensing Machines
- High Level of Accuracy and Higher Throughput of the Equipment’s
- Increasing Use of Connected Technologies in Pill Dispensers
- High Cost and Maintenance of the Equipment
- Lack of Awareness in Many Geographical Regions
- Increasing Product launches and Innovation in Pill Dispenser
- Technological Advancements in Medical Industry
- Increasing Government Initiatives for Developing Healthcare Infrastructure
- Huge Investment in Research and Development
- Difficulties in Manufacturing Consistent, Accurate, and Reliable System
The National Association of Boards of Pharmacy (NABP) includes language on automation in the NABP Model State Pharmacy Act and Model Rules. The NABP Model Act uses the term “automated pharmacy systems” and defines them to include, but not be limited to, “mechanical systems that perform operations or activities, other than Compounding or Administration, relative to the storage, packaging, Dispensing, or Distribution of medications, and which collect, control, and maintain all transaction information.” The NABP Model Rules suggest specific requirements and other options for helping the individual states to determine as to which automated pharmacy systems are appropriate for use.
Key Target AudienceAutomated Pill Dispensing Machines Manufacturers, Suppliers and Distributors of Automated Pill Dispensing Machines, Medical and Pharmaceutical Companies, Parts and Component Suppliers, Industrial Bodies and Associations, Market Research Firms and Others
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