Automatic Pill Dispenser Market Analysis And Forecast To 2031: By Product ((Centralized Automated Dispenser, Decentralized Automated Dispenser), By End-user (Hospitals, Pharmacies, Senior Care), And Region

Automatic Pill Dispenser Market Analysis And Forecast To 2031: By Product ((Centralized Automated Dispenser, Decentralized Automated Dispenser), By End-user (Hospitals, Pharmacies, Senior Care), And Region

The global automatic pill dispenser market was valued at USD 2.3 Billion in 2021 and it is anticipated to grow up to USD 6.3 Billion by 2031, at a CAGR of 10.6% during the forecast period.

An automatic pill dispenser is a device that stores and dispenses medication in pre-set doses. It is typically used by people who take multiple medications or who have difficulty remembering to take their medication. The dispenser is programmed to dispense the correct amount of medication at the correct time. It can be used with or without supervision.
Global Automatic Pill Dispenser Market Scope and Report Structure

Market Trends and Drivers
Recent technological advances in automatic pill dispensers are expected to drive the industry in the near future. The introduction of automatic pill dispensers connected with barcode scanning allows for precise medicine delivery while also preventing the loading of incorrect medication and providing additional safety precautions for high-risk pharmaceuticals. The bluetooth connectivity enables customers to connect these gadgets to any compatible device, including phones, to receive visual and audible notifications, so favourably pushing industrial expansion. These gadgets now come with a digital detachable timer, which is ideal for people with memory or cognitive problems who require frequent reminders to take medications. As a result of the introduction of unique devices that allow users to select the schedules to dispense numerous medications at the needed times, the industry demand is expanding dramatically.
Market Restraints and Challenges
Stringent government rules and errors caused by automatic pill dispensers may have a detrimental impact on industry growth. A programming error in automatic pill dispensers may result in lower patient satisfaction and a growing distrust of healthcare facilities. Incorrect programming of clever pumps and IVs is a major worry for chronic disease patients and can have serious consequences for their overall health. The FDA monitors the approval and use of this device because of the significant risk associated with its use in chronically sick patients. These devices are designated as class I devices, which require reasonable assurance of the device's safety and effectiveness.
Global Automatic Pill Dispenser Market Segmental Overview
The report analyses the global Automatic Pill Dispenser market based on product, end-user, and region

Global Automatic Pill Dispenser Market by Product

Based on product, the market is segmented as Centralized Automated Dispenser, and Decentralized Automated Dispenser. Among them centralized automated dispenser segment in the Automatic Pill Dispenser market is projected to witness significant growth rate through 2031. This is due to the several benefits comprising optimize medication storage, improves staff productivity, and reduce medication errors among others. Centralized automatic systems have a user in direct control of the dispensing method. A robotic centralized automatic dispenser organizes a large number of drugs without the need for any human intervention, enhances pharmaceutical operations, and provides security, thereby decreases chances of error or medicine theft considerably.

Furthermore, as compared to manual processes, these systems can fill over 1,000 prescriptions per hour, greatly reducing patient waiting time and contributing to improved patient satisfaction. This can considerably prevent cross contamination and infection caused by improperly handled prescription medicines or germ exposure. As a result, the centralised automatic dispenser's capabilities, as well as continual innovation and improvement in this device, are expected to considerably fuel the automatic pill dispenser market expansion over the forecast period.

Global Automatic Pill Dispenser Market by End-user

Based on end-user, the market is segmented as hospitals, pharmacies, senior care, and others. The hospital segment held substantial market share in 2021 and is anticipated to witness notable growth to reach highest market share and CAGR by 2031. An automatic pill dispenser in a hospital provides a medication management system that maintains drugs neatly organised and secure, driving the industry size. These systems can manage each user's access to stored drugs based on individual permissions and automatically document and trace all transactions. The computerised automatic pill dispenser used in hospitals is an advanced system for full drug dispensing process management that eliminates human mistake, subtracts the drug from the central inventory in real-time, and updates clinical case records.
Geographical Analysis of Global Automatic Pill Dispenser Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2021, North America held significant market share in 2021. This is due to the variety of variables such as an ageing population and an increase in the prevalence of chronic diseases. In 2019, the number of adults aged 45-64 in the United States climbed to 83.3 million. According to the American Heart Association, over 43.7 million persons aged 60 and up had one or more forms of cardiovascular illnesses in 2016. This figure reflects the increasing number of patients admitted to hospitals and the increasing strain on the old pharmaceutical system, consequently raising the regional industry growth.
Major Players in the Global Automatic Pill Dispenser Market
The key players in the market Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc. and Yuyama Co., Ltd. among others.
COVID-19 Impact
The COVID-19 was an unusual public health concern that caused financial difficulties, social disturbance, and had a substantial impact on the worldwide economy. This pandemic has both indirect and direct negative effects on the automatic pill dispenser business in 2020. The coronavirus outbreak required substantial adjustments in the healthcare business, hampered medical personnel' regular operations, and limited hospital admissions. Non-emergent hospital appointments for various disease treatments were referred to as such. Because the majority of outpatient visits were deemed voluntary, it was recommended that all non-urgent visits be cancelled, considering the risk of transmission. The outbreak of coronavirus had caused an interruption in logistics & supply chain and forced the government bodies to implement travel limitations that restricted the movement of goods, thereby obstructing the industry growth.
Recent Developments

In December 2021, Hero and AdhereHealth entered a strategic partnership. Hero's platform includes a connected smart pill dispenser, which automatically sorts and dispenses medications according to a patient's unique medication schedule. This partnership has led to simultaneously improving patient safety by focusing on medication management, further supporting caregivers, and helping people take more control of their health.
In July 2021, Big Sky Labs has raised $1 million in seed funding to develop a device to dispense medications and provide other home health services such as wellness checks and health monitoring. The device, called PillPez, dispenses medications at specified times during the day from pre-loaded medication strips available from most pharmacies. If an individual does not take the drugs, PillPez provides an escalating set of reminders, including to caregivers or family.
In March 2021, Accelmed Partners announced that it led a $40 million investment in MedMinder Systems Inc., to further expand the Companys geographic footprint, integrate new telemedicine technologies, and serve a larger U.S. customer base.”
In December 2020, Capsa Healthcare announced a significant development in its NexsysADC product line, the addition of new auxiliary cabinets of up to 10 tiers that will help to expand storage and supplies of medication doses significantly.

Frequently Asked Questions
Q1. How big is the Automatic Pill Dispenser market?

Ans. The global automatic pill dispenser market was valued at USD 2.3 Billion in 2021 and it is anticipated to grow up to USD 6.3 Billion by 2031, at a CAGR of 10.6% during the forecast period.

Q2. What is the automatic pill dispenser market growth rate?

Ans. The growth rate of the automatic pill dispenser market is 10.6%.

Q3. Which region holds a major automatic pill dispenser market share for the market?

Ans. North America holds a major market share of the automatic pill dispenser market in 2021.

Q4. Which segment accounted for the largest automatic pill dispenser market share?

Ans. By application the home healthcare segment accounted for the largest automatic pill dispenser market share.

Q5. Who are the key players in the automatic pill dispenser market?

Ans. The global automatic pill dispenser market report includes players such as Baxter International Inc., Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Talyst, Inc. and Yuyama Co., Ltd. among others.

Q6. What are the factors driving the automatic pill dispenser market growth?

Ans. The major factors driving the growth of the market are advantages offered by automatic pill dispensers along with rise in geriatric population.

Q7. What are the key growth strategies of automatic pill dispenser market players?

Ans. The key growth strategies of automatic pill dispenser market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the automatic pill dispenser market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the automatic pill dispenser market during the forecast period.

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