The South and Central America automated dispensing systems market was valued at US$ 57.06 million in 2019 and is projected to reach US$ 95.97 million by 2027; it is expected to grow at a CAGR of 6.8% during the forecast period.
The growth of the South and Central America automated dispensing systems market is attributed to key driving factors such as rise in awareness towards health and safety for reduction of medication errors, increasing adoption of processes to control inventory costs, technological advancements and improving healthcare infrastructure during the forecast period. However, problems associated with automated dispensing systems such as excessive use of overrides in cabinets with patient profiling and placing wrong program input are likely to pose a negative impact on the market growth.
Medication error is irrational, inappropriate, and ineffective medication dispensing that has the potential to harm the patient. An Article published in NCBI, stated that population above 60 years of age is 11.7 percent in South America and 9.6 percent in Central America. With more geriatric population living past the age of 60, the outh and Central America faces a growing chronic disease burden. In the wake of the increasing incidence of deaths caused by medication errors, government agencies across the globe have started encouraging hospitals and pharmacies to implement advanced technologies for dispensing accurate dosage of medicines to manage medical conditions more effectively.
Hospitals are adopting advanced technologies such as automated dispensing systems to store, dispense, and track medicines in order to improve efficiency and patient safety. These systems enhance the efficiency of medication distribution and also minimize the medication errors in hospitals. As the majority of geriatric population suffers from various chronic diseases, there is increase in the demand for advanced medication.
The emerging markets in the developing countries are giving better opportunity for the major players to expand their business. Several companies are actively involved in developing novel, advanced medication management solutions for hospitals and pharmacies and applying error-free, fully automated medication management systems, with a strong focus on work flow of automated dispensing systems.
However, the COVID-19 pandemic is perplexing healthcare institutions in the region with unprecedented operational and clinical challenges showing a negative impact on South and Central America market growth. Research institutes, Pharmaceutical, and Biotech companies are engaged in collaborative work to address the COVID-19 outbreak.
South and Central America Automated Dispensing Systems Market Revenue and Forecast to 2027 (US$ Mn)
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South and Central America Automated Dispensing Systems Market–
South and Central America Automated Dispensing Systems Market– By Operation
- Decentralized Systems
- Centralized Systems
South and Central America Automated Dispensing Systems Market– By Application
- Out-Patient Automated Dispensing
- In-Patient Automated Dispensing
South and Central America Automated Dispensing Systems Market– By End User
- Retail Pharmacies
- Hospital Pharmacies
- Others
South and Central America Automated Dispensing Systems Market– By Country
- Brazil
- Argentina
- Rest of the South and Central America
Company Profiles
- Cerner Corporation
- Capsa Healthcare
- BD
- ARxIUM
- Accu-Chart Plus Healthcare Systems
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Operation, Application, End User, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Brazil, Argentina
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South and Central America Automated Dispensing Systems Market– By Operation
1.3.2 South and Central America Automated Dispensing Systems Market– By Application
1.3.3 South and Central America Automated Dispensing Systems Market– By End User
1.3.4 South and Central America Automated Dispensing Systems Market– By Geography
2. Automated Dispensing Systems Market – Key Takeaways3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South and Central America Automated Dispensing Systems Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South & Central America
4.3 Expert Opinion
5. Automated Dispensing Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Medication Errors
5.1.2 Rising Geriatric Population
5.2 Market Restraints
5.2.1 Problems Associated with Automated Dispensing Systems
5.3 Market Opportunities
5.3.1 Emerging Markets
5.4 Future Trends
5.4.1 Technological Developments
5.5 Impact Analysis
6. Automated Dispensing Systems Market– Regional Analysis
6.1 South and Central America Automated Dispensing Systems Market Revenue Forecast and Analysis
7. Automated Dispensing Systems Market Analysis – By Operation
7.1 Overview
7.2 Automated Dispensing Systems Market Share, by Operation, 2019 and 2027 (%)
7.3 Centralized Systems
7.3.1 Overview
7.3.2 Centralized Systems: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
7.4 Decentralized Systems
7.4.1 Overview
7.4.2 Decentralized Systems: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
8. Automated Dispensing Systems Market Analysis – By Application
8.1 Overview
8.2 Automated Dispensing Systems Market Share, by Application, 2019 and 2027 (%)
8.3 In-Patient Automated Dispensing
8.3.1 Overview
8.3.2 In-Patient Automated Dispensing: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
8.4 Out-Patient Automated Dispensing
8.4.1 Overview
8.4.2 Out-Patient Automated Dispensing: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
9. Automated Dispensing Systems Market Analysis – By End User
9.1 Overview
9.2 Automated Dispensing Systems Market Share, by End User, 2019 and 2027 (%)
9.3 Hospital Pharmacies
9.3.1 Overview
9.3.2 Hospital Pharmacies: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
9.4 Retail Pharmacies
9.4.1 Overview
9.4.2 Retail Pharmacies: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
10. Automated Dispensing Systems Market Analysis and Forecasts To 2027 – Geographical Analysis
10.1 South and Central America: Automated Dispensing Systems Market
10.1.1 Overview
10.1.2 South and Central America: Automated Dispensing Systems Market – Revenue and Forecast to 2027 (USD Million)
10.1.3 South and Central America Automated Dispensing Systems Market, by Operation – Revenue and Forecast to 2027 (USD Million)
10.1.4 South and Central America Automated Dispensing Systems Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.5 South and Central America Automated Dispensing Systems Market, by End User – Revenue and Forecast to 2027(USD Million)
10.1.6 South and Central America: Automated Dispensing Systems Market, by Country, 2019 & 2027 (%)
10.1.7 Brazil: Automated Dispensing Systems Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 Brazil: Automated Dispensing Systems Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 Brazil Automated Dispensing Systems Market, by Operation – Revenue and Forecast to 2027 (USD Million)
10.1.7.3 Brazil Automated Dispensing Systems Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.7.4 Brazil Automated Dispensing Systems Market, by End User – Revenue and Forecast to 2027(USD Million)
10.1.8 Argentina: Automated Dispensing Systems Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Argentina: Automated Dispensing Systems Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Argentina Automated Dispensing Systems Market, by Operation – Revenue and Forecast to 2027 (USD Million)
10.1.8.3 Argentina Automated Dispensing Systems Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.8.4 Argentina Automated Dispensing Systems Market, by End User – Revenue and Forecast to 2027(USD Million
11. Impact Of COVID-19 Pandemic on South and Central America Automated Dispensing Systems Market
11.1 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Capsa Healthcare
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 BD
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ARxIUM
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Accu-Chart Plus Healthcare Systems
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 RxMedic Systems, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms, Automated Dispensing Systems Market
LIST OF TABLES
Table 1. South and Central America Automated Dispensing Systems Market, by Operation – Revenue and Forecast to 2027 (USD Million)
Table 2. South and Central America Automated Dispensing Systems Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 3. South and Central America Automated Dispensing Systems Market, by End User– Revenue and Forecast to 2027(USD Million)
Table 4. Brazil Automated Dispensing Systems Market, by Operation – Revenue and Forecast to 2027 (USD Million)
Table 5. Brazil Automated Dispensing Systems Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 6. Brazil Automated Dispensing Systems Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 7. Argentina Automated Dispensing Systems Market, by Operation – Revenue and Forecast to 2027 (USD Million)
Table 8. Argentina Automated Dispensing Systems Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. Argentina Automated Dispensing Systems Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. Automated Dispensing Systems Market Segmentation
Figure 2. Automated Dispensing Systems Market, By Region
Figure 3. South and Central America Automated Dispensing Systems Market Overview
Figure 4. Centralized Systems Segment Held Largest Share of Operation in Automated Dispensing Systems Market
Figure 5. South and Central America Automated Dispensing Systems Market- Leading Country Markets (US$ Million)
Figure 6. South & Central America PEST Analysis
Figure 7. Expert Opinion
Figure 8. Automated Dispensing Systems Market Impact Analysis of Driver and Restraints
Figure 9. South and Central America Automated Dispensing Systems Market– Revenue Forecast and Analysis – 2019- 2027
Figure 10. Automated Dispensing Systems Market Share, by Operation, 2019 and 2027 (%)
Figure 11. Centralized Systems: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
Figure 12. Decentralized Systems: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
Figure 13. Automated Dispensing Systems Market Share, by Application, 2019 and 2027 (%)
Figure 14. In-Patient Automated Dispensing: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
Figure 15. Out-Patient Automated Dispensing: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
Figure 16. Automated Dispensing Systems Market Share, by End User, 2019 and 2027 (%)
Figure 17. Hospital Pharmacies: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
Figure 18. Retail Pharmacies: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
Figure 19. Others: Automated Dispensing Systems Market– Revenue and Forecast to 2027 (US$ Million)
Figure 20. South and Central America: Automated Dispensing Systems Market, by Key Country – Revenue (2019) (USD Million)
Figure 21. South and Central America Automated Dispensing Systems Market Revenue and Forecast to 2027 (USD Million)
Figure 22. South and Central America: Automated Dispensing Systems Market, by Country, 2019 & 2027 (%)
Figure 23. Brazil: Automated Dispensing Systems Market – Revenue and Forecast to 2027 (USD Million)
Figure 24. Argentina: Automated Dispensing Systems Market – Revenue and Forecast to 2027 (USD Million)
Figure 25. Impact of COVID-19 Pandemic in South and Central America Market
- Cerner Corporation
- Capsa Healthcare
- BD
- ARxIUM
- Accu-Chart Plus Healthcare Systems
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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