Automated Dispensing Machines Market Size, Share, Development, Growth and Demand Forecast to 2023

Increasing number of hospitalization cases and improving healthcare infrastructure around the world are the predominant drivers of the global automated dispensing machines market. In addition, technological advancement in medication dispensing machines and growing demand for automated dispensing systems are also driving the growth of global automated dispensing machines market.  Increasing numbers of mergers and acquisitions is one of the major trends observed in the global automated dispensing machines market.

Automated dispensing systems are centralized and decentralized medication distribution systems, which provide computer-controlled storage and dispensing of medications. These systems permit nurses to obtain medications for treatment of patients suffering from various health conditions. The automated dispensing systems require user identifiers and their passwords, and electronic devices track the patients for whom prescribed medications are administered and provide usage data to the hospital's financial officer for the patients' bills.

Centralized pharmacies prepare and dispense medications from a central location within the healthcare amenities, such as hospitals and nursing homes. However, decentralized pharmacies exist in nursing units or wards with a single decentralized pharmacy and serve several units or wards. Moreover, advanced automated dispensing systems provide additional information support which enhances patient safety through integration with various medication history databases.

Stringent regulations for the installation of automated dispensing systems and high maintenance and repairing costs are some of the factors restraining the growth of the automated dispensing machines market. Moreover, lack of skilled healthcare professionals for the maintenance of these systems is also hindering the growth of the automated dispensing machines market, especially in the developing markets. However, countries such as China and India are witness a considerable growth in the forecast period due to improving healthcare infrastructure and increasing number of hospitalization cases.

North America and Europe are the major markets for automated dispensing machines, due to the improved healthcare infrastructure and growing demand for automated dispensing systems. The U.S., followed by Canada, is the largest market for automated dispensing machines in North America. Whereas, Germany, U.K., France and Italy are some of the major countries holding significant shares of automated dispensing machines market in Europe.

The Asia-Pacific market for the automated dispensing machines is growing at a significant rate owing to improving healthcare infrastructure and increasing number of hospitalization cases in the region. In addition, increasing adoption of automated dispensing machines in healthcare facilities and large patient pool are also supporting the growth of the Asian automated dispensing machines market. Countries, such as India, Japan, and China are the major markets for automated dispensing machines in the region.

Apart from these regions, Latin America is other important market for automated dispensing machines. This is due to increasing R&D investments in manufacturing of healthcare automated devices in low manufacturing cost regions, including Latin America. Brazil holds the largest share in the automated dispensing machines market in Latin America, due to increasing prevalence of hospitalization cases and improving healthcare infrastructure.

Some of the major players operating in the global automated dispensing machines market include Yuyama, Aesynt, Talyst, CareFusion, Swisslog, OmniCell, RxMedic Systems, ScriptPro, Rice Lake Weighing Systems, Pearson Medical Technologies, InterMetro Industries, Innovation Associates, ForHealth Technologies, Capsa Solutions, Baxter Healthcare, Avery Weigh-Tronix and Accu-Chart Plus Healthcare Systems.