Automated Dispensing Systems Market Size, Share, and Analysis by 2027

Historic Data: 2017-2018   |   Base Year: 2019   |   Forecast Period: 2020-2027

Automated Dispensing Systems Market Forecasts to 2027 - Covid-19 Impact & Global Analysis by Operation (Decentralized Systems and Centralized Systems), Application (Out-Patient Automated Dispensing and In-Patient Automated Dispensing) and End User (Retail Pharmacies, Hospital Pharmacies and Others) and Geography

  • Report Date : Aug 2020
  • Report Code : TIPHE100000837
  • Category : Life Sciences
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 155

The automated dispensing systems market is expected to reach US$ 2,980.38 million by 2027 from US$ 1,665.78 millionin 2019; it is estimated to grow at a CAGR of 7.6% during 2020–2027.

Automated dispensing system, also termed as automated drug cabinets, are electronic drug storage and dispensing devices, primarily used in healthcare settings. These systems aid in tracking and controlling the drug distribution;they are secured with authenticated passwords and biometrics for inventory control and security of the drugs against thefts. These systems have been highlighted as one of the potential instruments to improve operational efficiency and patient safety.Moreover, they are now widely used in clinics and nursing homes, among others. Automated dispensing systems help transform hospitals into safer, and more efficient and effective institutions.

The global automated dispensing systems market is driven by factors such as increasing medication errorsand rising geriatric population. However, the problems associated with automated dispensing systems such as wrong programme input, equipment breakdown and othersmay hinder the market growth. Additionally, emerging markets are creating growth opportunities for the market players.

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Automated Dispensing Systems Market: Strategic Insights

automated-dispensing-systems-market
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Market Insights

Increasing Medication Errors

An irrational, inappropriate, and ineffective medication dispensing may lead to serious medication errors that can harm patients. A few of the common medication errors are dispensing a wrong drug, dispensing a wrong drugquantity, dispensing wrong strength drug, and item omission. ~75% of the medication errors are caused by distractions, as the healthcare professionals are engaged with multiple tasks such as examination of patients, speaking to consultants, speaking to patient family members, conversing with insurance professionals.

Annually, the US Food and Drug Administration (FDA) receives over 100,000 reports associated with medication error. Further, as per the study “Medication Errors” published in StatPearls in June 2020, every year ~7,000–9,000 people die due to medication errorin the US. Similarly, as per the estimations published in the study “Prevalence and Economic Burden of Medication Errors in the NHS In England” in 2018, every year ~237 million medication errors occur in NHS and avoidable adverse drug reactions (ADRs) lead to hundreds of deaths.

Operation-Based Insights

Based on operation, the automated dispensing systems market is segmented into decentralized systems and centralized systems. The centralized systems segment held a larger share of the market in 2019 owing to factors such as growing need to reduce costs, ensure medication availability, and modernize resource allocation.Moreover, decentralized system is anticipated to register a greater CAGR in the market during the forecast period.

Application-Based Insights

Based on application, the automated dispensing systems market is segmented into in-patient automated dispensing and out-patient automated dispensing. The in-patient automated dispensing segment held a larger share of the market in 2019; however, out-patient automated dispensing is anticipated to register a higher CAGR during the forecast period.

End User-Based Insights

Based on end user, the automated dispensing systems market is segmented into hospital pharmacies, retail pharmacies, and others. The hospital pharmacies segment held the largest share of the market in 2019; however, the retail pharmacies segment is expected to register the highest CAGR of in the market during the forecast period.

Product launches and approvalsare the commonly adopted strategies by companies to expand their global footprintsand product portfolios; these strategies help them meet the growing consumer demand. Collaboration is one of the major strategies adopted by the automated dispensing systems marketplayers to enlarge customer base worldwide, which also permits them to maintain their brand name globally.

Automated Dispensing Systems Market Regional Insights

The regional trends and factors influencing the Automated Dispensing Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automated Dispensing Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

automated-dispensing-systems-market-global-geography
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Automated Dispensing Systems Market Report Scope

Report Attribute Details
Market size in 2019 US$ 1.67 Billion
Market Size by 2027 US$ 2.98 Billion
Global CAGR (2019 - 2027) 7.6%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Operation
  • Decentralized Systems and Centralized Systems
By Application
  • Out-Patient Automated Dispensing and In-Patient Automated Dispensing
By End User
  • Retail Pharmacies
  • Hospital Pharmacies
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • AbbVie Inc.
  • Abbott
  • F. Hoffmann-La Roche Ltd
  • Bristol-Myers Squibb Company
  • Johnson & Johnson Services, Inc.
  • Merck and Co., Inc.
  • Gilead Sciences, Inc.
  • GlaxoSmithKline plc
  • Aurobindo Pharma

  • Automated Dispensing Systems Market Players Density: Understanding Its Impact on Business Dynamics

    The Automated Dispensing Systems Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Automated Dispensing Systems Market are:

    1. AbbVie Inc.
    2. Abbott
    3. F. Hoffmann-La Roche Ltd
    4. Bristol-Myers Squibb Company
    5. Johnson & Johnson Services, Inc.

    Disclaimer: The companies listed above are not ranked in any particular order.


    automated-dispensing-systems-market-cagr

    • Get the Automated Dispensing Systems Market top key players overview

     

    Global Automated Dispensing Systems Market– by Operation

    •     Decentralized Systems
    •     Centralized Systems

    Global Automated Dispensing Systems Market– by Application

    •     Out-Patient Automated Dispensing
    •     In-Patient Automated Dispensing

    Global Automated Dispensing Systems Market– by End User

    •      Retail Pharmacies
    •      Hospital Pharmacies
    •      Others

    Automated Dispensing Systems Market– by Geography

    • North America

      • US
      • Canada
      • Mexico
    • Europe

      • France
      • Germany
      • Italy
      • UK
      • Spain
      • Rest of Europe
    • Asia Pacific (APAC)

      • China
      • India
      • South Korea
      • Japan
      • Australia
      • Rest of Asia Pacific
    • Middle East and Africa (MEA)

      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of Middle East and Africa
    • South and Central America

      • Brazil
      • Argentina
      • Rest of South America

    Company Profiles

    • Cerner Corporation
    • Capsa Healthcare
    • Omnicell, Inc
    • BD
    • ARxIUM
    • Accu-Chart Plus Healthcare Systems, Inc
    • Innovation Associates
    • RxMedic Systems, Inc
    • Swiss log Holding Ltd
    • Willach Pharmacy Solutions GmbH

    Frequently Asked Questions

    Who are the major players in the automated dispensing systemsmarket?

    The anti-viral therapiesmarket majorly consists of the players such as Cerner Corporation, Capsa Healthcare, Omnicell, Inc, BD, ARxIUM, Accu-Chart Plus Healthcare Systems, Inc, Innovation Associates, RxMedic Systems, Inc, Swiss log Holding Ltd and Willach Pharmacy Solutions GmbHamongst others.

    What are the driving factors for the automated dispensing systems marketacross the globe?

    The factors that are driving growth of the market are increasing medication errors, increasing prevalence of chronic diseases and rising geriatric population. Moreover, emerging markets is expected to offer lucrative opportunities for the growth of the market.

    What is automated dispensing systems?

    Automated dispensing system, also termed as automated drug cabinet, is an electronic drug storage and dispensing device primarily used in health care settings. These systems aid in tracking and controlling the drug distribution and are secured with authenticated passwords and biometrics for inventory control and security of the drugs. These systems have been recommended as one of the potential instruments to improve efficiency and patient safety, and they are now widely used in many hospitals, for instance in clinics, nursing homes. Automated dispensing system helps to transform hospitals into safer, more efficient and more effective institutions.

    Mrinal Kerhalkar
    Mrinal Kerhalkar
    Manager,
    Market Research & Consulting

    Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

    Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    The List of Companies - Automated Dispensing Systems Market

    1. AbbVie Inc.
    2. Abbott
    3. F. Hoffmann-La Roche Ltd
    4. Bristol-Myers Squibb Company
    5. Johnson & Johnson Services, Inc.
    6. Merck and Co., Inc.
    7. Gilead Sciences, Inc.
    8. GlaxoSmithKline plc
    9. Aurobindo Pharma
    10. AstraZeneca
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