Automatic Pill Dispensing Systems Market will accelerate at a CAGR of 8.36% from 2021 to 2026|Growing aging population to boost market growth – Technavio

 The automatic pill dispensing system’s market size is estimated to increase by USD 1.60 billion from 2021 to 2026, with a CAGR of 8.36%, according to a recent market study by Technavio. Discover some insights on market size before buying the full report –Request a sample report.

Automatic Pill Dispensing Systems Market 2022-2026: Vendor Analysis and Scope

Technavio has announced its latest market research report titled Global Automatic Pill Dispensing Systems Market
Technavio has announced its latest market research report titled Global Automatic Pill Dispensing Systems Market

The automatic pill dispensing system market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below –

Accu Chart Plus Health Care Systems, Becton Dickinson and Co., Capsa Healthcare LLC, Hero Health Inc., IngenioRx Inc., JVM Co Ltd., Koninklijke Philips NV, McKesson Corp., Medipense Inc., Medminder Systems Inc., Omnicell Inc., Oracle Corp., Parata Systems LLC, PharmRight Corp., RxMedic Systems Inc., ScriptPro, Stanley Black and Decker Inc., Swisslog Healthcare AG, Talyst LLC., and YUYAMA Co. Ltd. Download Sample Report

Automatic Pill Dispensing Systems Market – Market Segmentation

The market is segmented by application (hospital pharmacies, retail pharmacies, and home healthcare)

  • The growth of the automatic pill dispensing systems market share by the hospital pharmacies segment will be significant during the forecast period. The key factor which is driving the growth of the segment is the prevalence of chronic diseases globally. As a result, it increases the number of patient visits to hospitals. For example, in 2021, 7.9% of the patient population in the US accounted for overnight hospital stays. This drives the need to focus on improving patient safety. Furthermore, In high-volume hospitals, there is an increasing demand for pharmacy automation to control drug distribution and prevent handling mistakes, lowering waiting time and enhancing patient safety.

Geographic Overview

The market is segmented by region (North America, Europe, APAC, South America, and Middle East and Africa). An analysis of key leading countries has been included.

  • North America is estimated to contribute 56% to the growth of the global market during the forecast period. The countries which lead the region are US, Canada, and Mexico. The high awareness and the affordability of products are the key factors for the growth in the region. The US has an upgraded healthcare infrastructure that includes many hospitals and retail pharmacies, which are increasingly requesting automatic pill dispensing systems to decrease prescription mistakes and handle the vast volume of orders received daily. Hence, the regional automatic pill dispensing systems market is expected to grow during the forecast period.

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Automatic Pill Dispensing Systems Market – Market Dynamic

Key Driver

  • The growing aging population is one of the key factors driving the market growth.
  • The aging population faces various health disorders such as osteoarthritis, cancer, chronic obstructive, and others.
  • Managing complicated medication schedules can lead to errors such as skipping doses, taking incorrect quantities, or taking medications at the wrong time.
  • Therefore, it results in hospital visits, increased illness severity, and even death.
  • To avoid all these errors, the demand for automatic pill dispensing systems is increasing among patients.
  • Hence, these factors are expected to drive the market growth during the forecast period.

Major Trends

  • Increasing adoption of automation in healthcare is one of the major trends shaping the market.
  • The key use of technology is to gain insights by automating the process.
  • This delivers a large volume of data, which can be used for performance improvement and optimization of the process.
  • Furthermore, the latest automatic pill dispensers are provided with advanced features such as flexible configurations in a limited space.
  • Hence, these factors are expected to drive the market growth during the forecast period.

Significant Challenges

  • The high cost of pharmacy automation systems is a significant challenge restricting market growth.
  • There is a high upfront cost without monthly servicing fees as the products are sold at retail prices by some vendors.
  • Furthermore, the vendors are using different marketing strategies, such as selling their products at a low upfront cost with additional monthly service fees.
  • Due to the varying price models of these products, customers are facing price sensitivity issues.
  • Hence, this high cost is expected to restrict the market growth during the forecast period.

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What are the key data covered in this Automatic Pill Dispensing Systems Market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the automatic pill dispensing systems market between 2022 and 2026
  • Precise estimation of the size of the automatic pill dispensing systems market and its contribution to the market with a focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the automatic pill dispensing systems market across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of automatic pill dispensing systems market vendors

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Automatic Pill Dispensing Systems Market Scope
Report CoverageDetails
Base year2021
Forecast period2022-2026
Growth momentum & CAGRAccelerate at a CAGR of 8.36%
Market Growth 2022-2026USD 1.60 billion
Market structureFragmented
YoY growth 2022-2023 (%)6.92
Regional analysisNorth America, Europe, APAC, Middle East and Africa, and South America
Performing market contributionNorth America at 56%
Key countriesUS, Japan, China, UK, and Germany
Competitive landscapeLeading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiledAccu Chart Plus Health Care Systems, Becton Dickinson and Co., Capsa Healthcare LLC, Hero Health Inc., IngenioRx Inc., JVM Co Ltd., Koninklijke Philips NV, McKesson Corp., Medipense Inc., Medminder Systems Inc., Omnicell Inc., Oracle Corp., Parata Systems LLC, PharmRight Corp., RxMedic Systems Inc., ScriptPro, Stanley Black and Decker Inc., Swisslog Healthcare AG, Talyst LLC., and YUYAMA Co. Ltd.
Market dynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purviewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application – Market share 2021-2026 (%)
  • 5.2 Comparison by Application
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Hospital pharmacies – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Hospital pharmacies – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Hospital pharmacies – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Hospital pharmacies – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Hospital pharmacies – Year-over-year growth 2021-2026 (%)
  • 5.4 Retail pharmacies – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Retail pharmacies – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Retail pharmacies – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Retail pharmacies – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Retail pharmacies – Year-over-year growth 2021-2026 (%)
  • 5.5 Home healthcare – Market size and forecast 2021-2026
    • Exhibit 36: Chart on Home healthcare – Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Home healthcare – Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Home healthcare – Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Home healthcare – Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Application
    • Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 Europe – Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.5 APAC – Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.7 South America – Market size and forecast 2021-2026
    • Exhibit 62: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 UK – Market size and forecast 2021-2026
    • Exhibit 70: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.10 China – Market size and forecast 2021-2026
    • Exhibit 74: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.11 Japan – Market size and forecast 2021-2026
    • Exhibit 78: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.12 Germany – Market size and forecast 2021-2026
    • Exhibit 82: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 Accu Chart Plus Health Care Systems
    • Exhibit 93: Accu Chart Plus Health Care Systems – Overview
    • Exhibit 94: Accu Chart Plus Health Care Systems – Product / Service
    • Exhibit 95: Accu Chart Plus Health Care Systems – Key offerings
  • 10.4 Becton Dickinson and Co.
    • Exhibit 96: Becton Dickinson and Co. – Overview
    • Exhibit 97: Becton Dickinson and Co. – Business segments
    • Exhibit 98: Becton Dickinson and Co. – Key news
    • Exhibit 99: Becton Dickinson and Co. – Key offerings
    • Exhibit 100: Becton Dickinson and Co. – Segment focus
  • 10.5 Capsa Healthcare LLC
    • Exhibit 101: Capsa Healthcare LLC – Overview
    • Exhibit 102: Capsa Healthcare LLC – Product / Service
    • Exhibit 103: Capsa Healthcare LLC – Key offerings
  • 10.6 JVM Co Ltd.
    • Exhibit 104: JVM Co Ltd. – Overview
    • Exhibit 105: JVM Co Ltd. – Product / Service
    • Exhibit 106: JVM Co Ltd. – Key offerings
  • 10.7 Koninklijke Philips NV
    • Exhibit 107: Koninklijke Philips NV – Overview
    • Exhibit 108: Koninklijke Philips NV – Business segments
    • Exhibit 109: Koninklijke Philips NV – Key news
    • Exhibit 110: Koninklijke Philips NV – Key offerings
    • Exhibit 111: Koninklijke Philips NV – Segment focus
  • 10.8 Medminder Systems Inc.
    • Exhibit 112: Medminder Systems Inc. – Overview
    • Exhibit 113: Medminder Systems Inc. – Product / Service
    • Exhibit 114: Medminder Systems Inc. – Key offerings
  • 10.9 Omnicell Inc.
    • Exhibit 115: Omnicell Inc. – Overview
    • Exhibit 116: Omnicell Inc. – Product / Service
    • Exhibit 117: Omnicell Inc. – Key offerings
  • 10.10 Oracle Corp.
    • Exhibit 118: Oracle Corp. – Overview
    • Exhibit 119: Oracle Corp. – Business segments
    • Exhibit 120: Oracle Corp. – Key news
    • Exhibit 121: Oracle Corp. – Key offerings
    • Exhibit 122: Oracle Corp. – Segment focus
  • 10.11 Parata Systems LLC
    • Exhibit 123: Parata Systems LLC – Overview
    • Exhibit 124: Parata Systems LLC – Product / Service
    • Exhibit 125: Parata Systems LLC – Key offerings
  • 10.12 Swisslog Healthcare AG
    • Exhibit 126: Swisslog Healthcare AG – Overview
    • Exhibit 127: Swisslog Healthcare AG – Product / Service
    • Exhibit 128: Swisslog Healthcare AG – Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 129: Inclusions checklist
    • Exhibit 130: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 131: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 132: Research methodology
    • Exhibit 133: Validation techniques employed for market sizing
    • Exhibit 134: Information sources
  • 11.5 List of abbreviations
    • Exhibit 135: List of abbreviations

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