According to a new market research study of “North America Automated Dispensing Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Operation, Application and End User” The North America automated dispensing systems market accounted to US$814.69Mn in 2019 and is anticipated to grow at a CAGR of 7.8% to account for US$1,479.76 Mn by 2027. The report highlights trends prevailing in the North America automated dispensing systems market and the factors driving the market along with those that act as hindrances.
The North America automated dispensing systems market, based on operation, is segmented into decentralized systems and centralized systems. The centralized systems segment held the larger share of the market in 2019. In the wake of the increasing incidence of deaths caused by medication errors, government bodies across the globe have started encouraging pharmacies and hospitals to implement advanced technologies for dispensing accurate dosage of medicines to treat 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.
North America automated dispensing systems market is expected to grow owing to factors such as increasing adoption of processes to control inventory costs, rise in awareness towards health and safety for reduction of medication errors, improving healthcare infrastructure and technological advancements during the forecast period. However, problems associated with automated dispensing systems like excessive use of overrides in cabinets with patient profiling and placing the patient at risk of allergic reactions are likely to pose a negative impact on the market growth.
Cerner Corporation, Capsa Healthcare, OMNICELL INC., ARxIUM, and Accu-Chart Plus Healthcare Systems are among the leading companies operating in the North America automated dispensing systems market.
Market Segmentation
By Operation
By Application
By End User
By Country
Reasons to Buy
The North America automated dispensing systems market, based on operation, is segmented into decentralized systems and centralized systems. The centralized systems segment held the larger share of the market in 2019. In the wake of the increasing incidence of deaths caused by medication errors, government bodies across the globe have started encouraging pharmacies and hospitals to implement advanced technologies for dispensing accurate dosage of medicines to treat 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.
North America automated dispensing systems market is expected to grow owing to factors such as increasing adoption of processes to control inventory costs, rise in awareness towards health and safety for reduction of medication errors, improving healthcare infrastructure and technological advancements during the forecast period. However, problems associated with automated dispensing systems like excessive use of overrides in cabinets with patient profiling and placing the patient at risk of allergic reactions are likely to pose a negative impact on the market growth.
Cerner Corporation, Capsa Healthcare, OMNICELL INC., ARxIUM, and Accu-Chart Plus Healthcare Systems are among the leading companies operating in the North America automated dispensing systems market.
Market Segmentation
By Operation
- Decentralized Systems
- Centralized Systems
By Application
- Out-Patient Automated Dispensing
- In-Patient Automated Dispensing
By End User
- Retail Pharmacies
- Hospital Pharmacies
- Others
By Country
- US
- Canada
- Mexico
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Automated Dispensing systems market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America Automated Dispensing Systems market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction
3. Research Methodology
4. North America Automated Compounding Systems Market - Market Landscape
5. North America Automated Compounding Systems Market - Key Market Dynamics
6. Automated Compounding Systems Market - North America Analysis
7. North America Automated Compounding Systems Market Analysis and Forecasts To 2027 - By Product Type
8. North America Automated Compounding Systems Market Analysis - By End-User
9. Automated Compounding Systems Market Revenue and Forecasts To 2027 - Geographical Analysis
10. Impact Of COVID-19 Pandemic on North America Automated Compounding Systems Market
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cerner Corporation
- Capsa Healthcare
- OMNICELL INC.
- ARxIUM
- Accu-Chart Plus Healthcare Systems
