USD 1.60 Bn growth expected in Automatic Pill Dispensing Systems Market — North America to emerge as key market – QNT Press Release


NEW YORK, Sept. 9, 2022 /PRNewswire/ — The “Automatic Pill Dispensing Systems Market by Application and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The report expects the market size to increase by USD 1.60 billion and accelerate at a CAGR of 8.36% during the forecast period. The report considers various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here

The global automatic pill dispensing systems market is fragmented. The market comprises some well-established players that are involved in the manufacturing of automatic pill dispensing systems machinery. These manufacturers are making significantly huge investments in research and development, mergers, acquisitions, and strategic partnerships are some of the strategies that the vendors in this market are using to strengthen their position.

Some big players are expected to implement new strategies to gain competitive advantages. Key vendors in the global automatic pill dispensing systems market include 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.

Although the growing aging population will offer immense growth opportunities, the high cost of pharmacy automation will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here

The global automatic pill dispensing systems market is segmented as below:

  • Application
    • Hospital Pharmacies
    • Retail Pharmacies
    • Home Healthcare

The market growth in the hospital pharmacies segment will be significant over the forecast period. The segment is driven by the high prevalence of chronic diseases globally. Also, an increase in the number of hospitals to meet the demands of the high patient population will have a positive impact on the growth of the segment.

  • Geography
    • North America
    • Europe
    • APAC
    • The Middle East and Africa
    • South America

North America will emerge as the key market, occupying 56% of the global market share over the forecast period. Factors such as high awareness, high demand for automatic pill dispensing systems, and the affordability of products are driving the growth of the regional market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automatic pill dispensing systems market report covers the following areas:

Automatic Pill Dispensing Systems Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the automatic pill dispensing systems market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the automatic pill dispensing systems market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Automatic Pill Dispensing Systems Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist automatic pill dispensing systems market growth during the next five years
  • Estimation of the automatic pill dispensing systems market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automatic pill dispensing systems market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automatic pill dispensing systems market vendors

Related Reports:

Automatic Pill Dispensing Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.36%

Market growth 2022-2026

USD 1.60 billion

Market structure

Fragmented

YoY growth (%)

6.92

Regional analysis

Full story available on Benzinga.com



Source link

Recommended For You

About the Author: News Center