Global Automatic Pill Dispenser Machine Market Report and Forecast 2024-2032

Global Automatic Pill Dispenser Machine Market Outlook

The global automatic pill dispenser machine market size was valued at USD 2.93 billion in 2023. The major drivers of the market include the increasing demand for medication, increase in demand for automation in the healthcare sector, increase in the number of people getting hospitalised, rise in the number of prescriptions and absence of trained pharmacists. The market is anticipated to grow at a CAGR of 8.5% during the forecast period 2024-2032 to reach a value of USD 6.10 billion by 2032.

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Hospital Pharmacies to Augment the Automatic Pill Dispenser Machine Industry Growth

Based on application, the hospital pharmacies sector accounts for a significant share in the automatic pill dispenser machine industry. This can be attributed to the increase in the global elderly population, combined with the high rates of hospitalisation. The constant increase in the prevalence of chronic diseases such as cancer, diabetes, osteoarthritis and many others are also responsible for the market growth. In addition, rise in the number of prescriptions and the absence of trained pharmacists, which can lead to a high rate of error in manual dispensing, are also some of the factors that are anticipated to improve the automatic pill dispenser device adoption in the forecast period.

North America to Provide Enhanced Growth Opportunities to the Automatic Pill Dispenser Machine Industry

Region-wise, North America is expected to witness robust growth over the forecast period owing to the high rate of chronic diseases such as obesity and cancer in the United States. Furthermore, the United States and Canada are expected to significantly contribute to the industry growth due to the presence of advanced healthcare facilities in the regions, which are responsible for promoting automation in the field of medication.

Automatic Pill Dispenser Machine: Market Segmentation

Automatic pill dispensers are items that, at specified time, release medication. Their goal is to assist senior citizens and other individuals with diminished ability to stick to their prescribed regimen of medication. Automatic pill dispensers are widely used to serve medical purposes and to help people, whether elderly or chronically ill, take their prescription medicine, OTC medication, or regular supplements at a specified date and time. In the healthcare industry, telehealth devices, such as automatic or electronic pill boxes work to alert patients when it is time to take action.

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By type, the market is divided into:

• Centralised Automated Dispensing Systems
• Decentralised Automated Dispensing Systems

While centralised automated dispensing systems are further divided into robots/robotic and carousels, the decentralised automated dispensing systems are sub divided into pharmacy-based, ward based, and automated unit dose dispensing systems, based on type.

By application, the market is categorised into:

• Hospital Pharmacies
• Retail Pharmacies 
• Home Healthcare
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rise in Prevalence of Chronic Diseases and the Increasing Shift Towards Automation to Bolster the Growth of the Automatic Pill Dispenser Machine Industry

With the growth in people being forced to choose a sedentary lifestyle because of work, more and more people are getting affected by chronic as well as lifestyle disorders. The rise in the prevalence of diseases, combined with the increase in population globally, is likely to increase the demand for medication, and, thus, this will lead to the growth of the overall pill dispenser market. Further, the increase in demand for automation in the healthcare sector has impacted the industry in a positive way. This has led to a drastic growth of the automatic pill dispenser machine industry. Even though automatic dispensers help in reducing time and effort, the implementation of the dispenser is considered technically challenging. Thus, this may hinder the growth of the automatic pill dispenser machine industry.

Over the forecast period, the rise in technological advancements and the growing awareness about cheaper and better pill dispensers are expected to favour the industry growth. The worldwide increase in the number of people getting hospitalised is expected to aid the industry in the coming years.

Key Industry Players in the Global Automatic Pill Dispenser Machine Market

The report gives a detailed analysis of the following key players in the global automatic pill dispenser machine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Becton, Dickinson and Company
• Cerner Corporation
• Talyst, LLC
• YUYAMA Co.,Ltd
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Automatic Pill Dispenser Machine Market Report Snapshots

Automatic Pill Dispenser Machine Market Size

Automatic Pill Dispenser Machine Companies