According to the current analysis of Reports and Data, The global Automated Dispensing Machine market was valued at USD 3.57 Billion in 2018 and is expected to reach USD 6.21 Billion by year 2026, at a CAGR of 7.1%. Automated Dispensing Machines are computer controlled storage units for medications. These are also called Automated Medication Dispensing Cabinets (ADC). The installation and operation of ADM significantly benefit patient care through timely and efficient dispensing of prescriptions for controlled substances. An Automated Dispensing Machine may reduce the cost of medications remaining from wastage due to discontinued drug therapy while simultaneously decreasing the amount of controlled substances that are susceptible to diversion. This machine employs the use of storage units that operates somewhat like a vending machines for the medical products, but also has a sophisticated software on the back-end that handles the patient orders, medication dosing documentation, inventory management, and billing transactions. The ADM provides proper storage, inventory control and security for pharmaceuticals at the point of care, and can only be used by authorized users who are authenticated by passwords and often biometric measures such as fingerprint readers. A rise in the number of geriatric population and hospitalization cases has increased chaos in the hospitals. Therefore, hospitals tend to have a large number of medication mismanagements thus, arousing a need a digitization. These are the key factors driving the automated dispensing machines market.
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The Automated Dispensing Machine market report offers key insights into market scope along with emerging growth opportunities over the forecast period. The report also provides information about the competitive landscape of the global Automated Dispensing Machine market. The global Automated Dispensing Machine market is fragmented due to presence of numerous key players on a global and regional scale. Key players are focused on mergers and acquisitions, joint ventures, collaborations, partnerships, and research and development activities to expand their product portfolio and gain a robust footing in the market.
Key companies operating in the Automated Dispensing Machine Market and profiled in the report are:
Baxter, Pyxis Corporation, Omnicell, AcuDose, Capsa Solutions LLC, Accu-Chart Healthcare Systems Inc. and Pearson Medical Technologies.
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The report provides a significant assessment of the recent market trends, revenues, segments, and key regions across the globe. The regional analysis covers major geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report analyzes key regions for production and consumption patterns, import/export, market share, revenue contribution, growth rate, and supply and demand ratio for the forecast period 2021-2027. It also discusses the impact of government regulations, macro- and micro-economic factors, and economic growth of the region on overall market growth.
Application (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
- Drug Stores
Regional analysis covers:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Answered by the Report:
- What are the key growth driving and restraining factors of the Automated Dispensing Machine market?
- What are key opportunities and growth prospects of the Automated Dispensing Machine industry is expected to witness over the forecast period?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- Which region is expected to dominate the market growth over the forecast period?
- Which segments are expected to register lucrative growth over the forecast period?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
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