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Automated Dispensing Machines Market Size, Share & Trends Analysis Report By Application (Outpatient, In-patient), By End Use (Hospitals, Retail Drug Stores And Pharmacies), By Operation, By Region, And Segment Forecasts, 2023 - 2030

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  • 100 Pages
  • September 2023
  • Region: Global
  • Grand View Research
  • ID: 5893233
Description Jump to:
The global automated dispensing machines market size is expected to reach USD 8.31 billion by 2030, registering a CAGR of 7.2% from 2023 to 2030. The growing pressure on the pharmaceuticals due to reimbursement reduction and rapidly growing drug prices leads to inefficient supply chain and inventory management. The growing demand for automated systems, such as RFID cabinet and barcodes, facilitates real-time inventory and stock management, which is one of the pivotal factors expected to drive the market in the coming years.

Furthermore, the increase in global geriatric population and prevalence of various chronic diseases, as well as high rates of hospitalization are some of the factors increasing the burden on pharmacy of hospitals and retail drug stores. Upsurge in number of prescriptions and lack of skilled pharmacist are also few factors expected to boost automation in the medication dispensing system.

There is increasing demand for technologically advanced medication dispensing systems to mitigate long waiting hours for stock replenishment and drug mismanagement, which is one of the crucial factors expected to drive the usage rate of pharmacy automation system, such dispensing, storage, and retrieval. Based on the 2011 ASHP national survey of pharmacy practice in hospital settings, it was stated that approximately 89% of the hospitals are using automated dispensing cabinets and over 10% of the hospitals are using robots.

According to a survey conducted by Society of Actuaries, it was found that measurable medication errors cost USD 20 billion to the U.S. economy, while majority of these errors could have been easily avoided. Increase in medication dispensing errors is a significant factor driving the number of adverse drug reactions, which may lead to severe deterioration of the patient’s health and may also lead to death; this is expected to drive the demand in the coming years. For instance, in the U.S., data published by the Institute of Medicine states that around 7, 000 deaths each year can be attributed to medication errors.

Automated Dispensing Machines Market Report Highlights

  • The inpatient segment is the leading application segment and occupies the largest share of 72.8% in 2022. Increasing cases of hospitalization coupled with occurrence of large number of medication errors contribute to the growth of this segment. The outpatient segment is expected to be the fastest growing segment during the forecast period with a CAGR of 8.1%.
  • The hospitals’ segment is the largest revenue share in 2022. Retail drug stores and pharmacies are expected to be the fastest growing segment during the forecast period.
  • In 2022, the centralized pharmacy segment was the largest operations segment. The decentralized pharmacy is expected to be the fastest growing segment during the forecast period.
  • In 2022, North America held majority of market share of over 53.4% in global automated dispensing machines market. Increasing medication errors and rising demand for the overall reduction in operational cost by streamlining medication dispensing processes are few key factors attributed to the regions high market share.
  • Some of the key market players are Omnicell, Inc.; Becton, Dickinson & Co; Baxter; Swisslog; Parata Systems; AmerisourceBergen Corporation. The other key competitors in the market include Pearson Medical Technologies; Script Pro LLC; and Capsa Solutions.


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. End use
1.1.3. Operation
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1
1.9.2. Objective 2
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application outlook
2.2.2. End use outlook
2.2.3. Operation outlook
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. Automated Dispensing Machines Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. Automated Dispensing Machines Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Automated Dispensing Machines: Application Estimates & Trend Analysis
4.1. Automated Dispensing Machines Market: Key Takeaways
4.2. Automated Dispensing Machines Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Outpatient
4.3.1. Outpatient market estimates and forecasts, 2018 to 2030 (USD Million)
4.4. Inpatient
4.4.1. Inpatient market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Automated Dispensing Machines: End Use Estimates & Trend Analysis
5.1. Automated Dispensing Machines Market: Key Takeaways
5.2. Automated Dispensing Machines Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Hospitals
5.3.1. Hospitals market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Retail Drug Stores and Pharmacies
5.4.1. Retail drug stores and pharmacies market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Automated Dispensing Machines: Operation Estimates & Trend Analysis
6.1. Automated Dispensing Machines Market: Key Takeaways
6.2. Automated Dispensing Machines Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Centralized Pharmacies
6.3.1. Centralized Pharmacies market estimates and forecasts, 2018 to 2030 (USD Million)
6.4. Decentralized Pharmacies
6.4.1. Decentralized Pharmacies market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Automated Dispensing Machines Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Automated Dispensing Machines Market by Region: Key Marketplace Takeaway
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4. Europe
7.4.1. UK
7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.2. Germany
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.3. France
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.4. Italy
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.5. Spain
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.6. Sweden
7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.7. Norway
7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.8. Denmark
7.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5. Asia Pacific
7.5.1. Japan
7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.2. China
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.3. India
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.4. Australia
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.5. Thailand
7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.6. South Korea
7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.6. Latin America
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.6.2. Mexico
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.6.3. Argentina
7.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7. MEA
7.7.1. Saudi Arabia
7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7.2. South Africa
7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7.3. UAE
7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7.4. Kuwait
7.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. Omnicell, Inc.
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. BD
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. Omnicell, Inc.
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. ScriptPro LLC
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. Avery Weigh-Tronix
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. PEARSON MEDICAL TECHNOLOGIES
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Accu-Chart
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Baxter
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Capsa Healthcare
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 North America automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 3 North America automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 4 North America automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 5 North America automated dispensing machines market, by region, 2018 - 2030 (USD Million)
Table 6 U.S. automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 7 U.S. automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 8 U.S. automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 9 Canada automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 10 Canada automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 11 Canada automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 12 Europe automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 13 Europe automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 14 Europe automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 15 Europe automated dispensing machines market, by region, 2018 - 2030 (USD Million)
Table 16 UK automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 17 UK automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 18 UK automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 19 Germany automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 20 Germany automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 21 Germany automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 22 France automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 23 France automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 24 France automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 25 Italy automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 26 Italy automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 27 Italy automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 28 Spain automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 29 Spain automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 30 Spain automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 31 Sweden automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 32 Sweden automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 33 Sweden automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 34 Norway automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 35 Norway automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 36 Norway automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 37 Denmark automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 38 Denmark automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 39 Denmark automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 40 Asia Pacific automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 41 Asia Pacific automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 42 Asia Pacific automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 43 Asia Pacific automated dispensing machines market, by region, 2018 - 2030 (USD Million)
Table 44 Japan automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 45 Japan automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 46 Japan automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 47 China automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 48 China automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 49 China automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 50 India automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 51 India automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 52 India automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 53 Australia automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 54 Australia automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 55 Australia automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 56 Thailand automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 57 Thailand automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 58 Thailand automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 59 South Korea automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 60 South Korea automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 61 South Korea automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 62 Latin America automated dispensing machines market, by region, 2018 - 2030 (USD Million)
Table 63 Latin America automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 64 Latin America automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 65 Latin America automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 66 Brazil automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 67 Brazil automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 68 Brazil automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 69 Mexico automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 70 Mexico automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 71 Mexico automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 72 Argentina automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 73 Argentina automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 74 Argentina automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 75 MEA automated dispensing machines market, by region, 2018 - 2030 (USD Million)
Table 76 MEA automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 77 MEA automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 78 MEA automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 79 South Africa automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 80 South Africa automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 81 South Africa automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 82 Saudi Arabia automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 83 Saudi Arabia automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 84 Saudi Arabia automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 85 UAE automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 86 UAE automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 87 UAE automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
Table 88 Kuwait automated dispensing machines market, by application, 2018 - 2030 (USD Million)
Table 89 Kuwait automated dispensing machines market, by end use, 2018 - 2030 (USD Million)
Table 90 Kuwait automated dispensing machines market, by operation, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Automated dispensing machine: market outlook
Fig. 9 Automated dispensing machine competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Automated dispensing machines market driver impact
Fig. 15 Automated dispensing machines market restraint impact
Fig. 16 Automated dispensing machines market strategic initiatives analysis
Fig. 17 Automated dispensing machines market: Application movement analysis
Fig. 18 Automated dispensing machines market: Application outlook and key takeaways
Fig. 19 Outpatient market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Inpatient market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 21 Automated dispensing machines market: End use movement analysis
Fig. 22 Automated dispensing machines market: End use outlook and key takeaways
Fig. 23 Hospitals market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Retail Drug Stores and Pharmacies market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 Automated dispensing machines market: Operation movement analysis
Fig. 26 Automated dispensing machines market: Operation outlook and key takeaways
Fig. 27 Centralized Pharmacies market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 28 Decentralized Pharmacies market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 29 Automated dispensing machines market: Regional movement analysis
Fig. 30 Automated dispensing machines market: Regional outlook and key takeaways
Fig. 31 North America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 U.S. market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 Canada market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 Europe market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 UK market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Germany market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 France market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Italy market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Spain market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Sweden market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Norway market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Denmark market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Asia Pacific market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 Japan market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 China market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 India market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Australia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 Thailand market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 South Korea market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 Latin America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Brazil market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 52 Mexico market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 Argentina market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 54 Middle East and Africa. market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Saudi Arabia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 56 South Africa market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 57 UAE market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 58 Kuwait market estimates and forecasts, 2018 - 2030 (USD Million)

Companies Mentioned

  • Omnicell, Inc.
  • BD
  • Omnicell, Inc.
  • ScriptPro LLC
  • Avery Weigh-Tronix
  • PEARSON MEDICAL TECHNOLOGIES
  • Accu-Chart
  • Baxter
  • Capsa Healthcare

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedSeptember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 4.76 Billion
Forecasted Market Value ( USD ) by 2030 $ 8.31 Billion
Compound Annual Growth Rate7.2%
Regions CoveredGlobal
No. of Companies Mentioned9

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