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Global Automatic Pill Dispenser Machine Market Price, Size, Report, Forecast: By Type: Centralized Automated Dispensing Systems, Decentralized Automated Dispensing Systems; By Indication: Physical Disability, Neurodegenerative Disorders and Dementia, Others; By End User; Regional Analysis; Supplier Landscape; 2023-2031
Global Automatic Pill Dispenser Machine Market Outlook
The global automatic pill dispenser machine market size was valued at USD 2.7 billion in 2022. The major drivers of the market include the increasing demand for medication, increase in demand for automation in the healthcare sector, increase in the number of people getting hospitalised, rise in the number of prescriptions and absence of trained pharmacists. The market is anticipated to grow at a CAGR of 8.5% during the forecast period 2023-2031 to reach a value of USD 5.7 billion by 2031.
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Hospital Pharmacies to Augment the Automatic Pill Dispenser Machine Industry Growth
Based on application, the hospital pharmacies sector accounts for a significant share in the automatic pill dispenser machine industry. This can be attributed to the increase in the global elderly population, combined with the high rates of hospitalisation. The constant increase in the prevalence of chronic diseases such as cancer, diabetes, osteoarthritis and many others are also responsible for the market growth. In addition, rise in the number of prescriptions and the absence of trained pharmacists, which can lead to a high rate of error in manual dispensing, are also some of the factors that are anticipated to improve the automatic pill dispenser device adoption in the forecast period.
North America to Provide Enhanced Growth Opportunities to the Automatic Pill Dispenser Machine Industry
Region-wise, North America is expected to witness robust growth over the forecast period owing to the high rate of chronic diseases such as obesity and cancer in the United States. Furthermore, the United States and Canada are expected to significantly contribute to the industry growth due to the presence of advanced healthcare facilities in the regions, which are responsible for promoting automation in the field of medication.
Automatic Pill Dispenser Machine: Market Segmentation
Automatic pill dispensers are items that, at specified time, release medication. Their goal is to assist senior citizens and other individuals with diminished ability to stick to their prescribed regimen of medication. Automatic pill dispensers are widely used to serve medical purposes and to help people, whether elderly or chronically ill, take their prescription medicine, OTC medication, or regular supplements at a specified date and time. In the healthcare industry, telehealth devices, such as automatic or electronic pill boxes work to alert patients when it is time to take action.
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By type, the market is divided into:
- Centralised Automated Dispensing Systems
- Decentralised Automated Dispensing Systems
While centralised automated dispensing systems are further divided into robots/robotic and carousels, the decentralised automated dispensing systems are sub divided into pharmacy-based, ward based, and automated unit dose dispensing systems, based on type.
By application, the market is categorised into:
- Hospital Pharmacies
- Retail Pharmacies
- Home Healthcare
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rise in Prevalence of Chronic Diseases and the Increasing Shift Towards Automation to Bolster the Growth of the Automatic Pill Dispenser Machine Industry
With the growth in people being forced to choose a sedentary lifestyle because of work, more and more people are getting affected by chronic as well as lifestyle disorders. The rise in the prevalence of diseases, combined with the increase in population globally, is likely to increase the demand for medication, and, thus, this will lead to the growth of the overall pill dispenser market. Further, the increase in demand for automation in the healthcare sector has impacted the industry in a positive way. This has led to a drastic growth of the automatic pill dispenser machine industry. Even though automatic dispensers help in reducing time and effort, the implementation of the dispenser is considered technically challenging. Thus, this may hinder the growth of the automatic pill dispenser machine industry.
Over the forecast period, the rise in technological advancements and the growing awareness about cheaper and better pill dispensers are expected to favour the industry growth. The worldwide increase in the number of people getting hospitalised is expected to aid the industry in the coming years.
Key Industry Players in the Global Automatic Pill Dispenser Machine Market
The report gives a detailed analysis of the following key players in the global automatic pill dispenser machine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Becton, Dickinson and Company
- Cerner Corporation
- Talyst, LLC
- YUYAMA Co.,Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Indication |
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| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Automatic Pill Dispenser Machine Market Overview
3.1 Global Automatic Pill Dispenser Machine Market Historical Value (2016-2022)
3.2 Global Automatic Pill Dispenser Machine Market Forecast Value (2023-2031)
4 Global Automatic Pill Dispenser Machine Market Landscape
4.1 Global Automatic Pill Dispenser Machine Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Automatic Pill Dispenser Machine Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Indication
4.2.3 Analysis by End User
5 Global Automatic Pill Dispenser Machine Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Automatic Pill Dispenser Machine Market Segmentation
6.1 Global Automatic Pill Dispenser Machine Market by Type
6.1.1 Market Overview
6.1.2 Centralized Automated Dispensing Systems
6.1.2.1 Robots/Robotic
6.1.2.2 Carousels
6.1.3 Decentralized Automated Dispensing Systems
6.1.3.1 Pharmacy-Based
6.1.3.2 Ward-Based
6.1.3.3 Automated Unit Dose Dispensing Systems
6.2 Global Automatic Pill Dispenser Machine Market by Indication
6.2.1 Market Overview
6.2.2 Physical Disability
6.2.3 Neurodegenerative Disorders and Dementia
6.2.4 Others
6.3 Global Automatic Pill Dispenser Machine Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Pharmacy
6.3.4 Home Healthcare
6.3.5 Others
6.4 Global Automatic Pill Dispenser Machine Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Automatic Pill Dispenser Machine Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Automatic Pill Dispenser Machine Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Automatic Pill Dispenser Machine Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Automatic Pill Dispenser Machine Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Automatic Pill Dispenser Machine Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Becton, Dickinson and Company
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Cerner Corporation
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Talyst, LLC
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 YUYAMA Co.,Ltd
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Koninklijke Philips N.V.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Mckesson Corporation
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Capsa Healthcare
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Baxter
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Omnicell, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
18 Global Automatic Pill Dispenser Machine Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The global automatic pill dispenser machine market reached a value of USD 2.7 billion in 2022.
The market is projected to grow at a CAGR of 8.5% during the forecast period of 2023-2031 to reach a value of USD 5.7 billion by 2031.
The major drivers of the market include the increasing demand for medication, increase in demand for automation in the healthcare sector, rise in technological advancements, growing awareness about cheaper and better pill dispensers, increase in the number of people getting hospitalised, rise in the number of prescriptions, absence of trained pharmacists and presence of advanced healthcare facilities.
The rise in the prevalence of chronic diseases and the increase in population globally are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Centralised automated dispensing systems and decentralised automated dispensing systems are the types of automatic pill dispenser machines in the market. While centralised automated dispensing systems are further divided into robots/robotic and carousels, the decentralised automated dispensing systems are sub divided into pharmacy-based, ward based, and automated unit dose dispensing systems.
The major applications are hospital pharmacies, retail pharmacies, and home healthcare, among others.
The major players in the industry are Becton, Dickinson and Company, Cerner Corporation, Talyst, LLC, and YUYAMA Co., Ltd, among others.
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