Automatic Pill Dispenser Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Automatic Pill Dispenser Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global automatic pill dispenser machine market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.03% during 2023-2028.

Automatic pill dispenser (APD) machines refer to medical devices that are designed to dispense the right medication at required amounts. Robotic, pharmacy-based, carousels, ward-based and automated unit dose are some of the common dispensing systems. These machines consist of an LED display, an alarm system, motor controller, pill container, and microcontroller interface with an alphanumeric keypad and dispenser. APD machines are widely used to simplify medication management and help individual to take their prescribed medications and supplements at specified date and time. They assist in scheduling medications, reducing human errors and decreasing the risk of accidental overdosing and underdosing. As a result, APD machines are widely used in home pharmacies, visual impairment centers, hospital pharmacies, old age homes and physical disability centers.

Automatic Pill Dispenser Machine Market Trends:
The rising geriatric population that are more prone to developing chronic diseases, such as cardiovascular diseases, cancer, diabetes, and chronic obstructive pulmonary disease are driving the automatic pill dispensing machine market growth. In line with this, the widespread product adoption by patients suffering from memory loss to provide accurate dosage and reduce the incidences of overdose and dosage skip are augmenting the market growth. Moreover, the introduction of smart pill dispensers integrated with artificial intelligence (AI) that aids in facial and voice recognition to provide the correct pills to the patients are providing an impetus to the market growth. Additionally, the increasing product demand to reduce medical errors that lead to lethal side effects, such as unwanted lifetime disability, gastrointestinal issues and skin reactions is positively impacting the market growth. Other factors, including the implementation of various government initiatives to improve healthcare facilities and the increasing need for self-care and home-based treatments due to hectic lifestyles and busy schedules, are anticipated to drive the market further toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automatic pill dispenser machine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and application.

Breakup by Type:

Centralized Automated Dispensing Systems
Robots and Robotic Automated Dispensing Systems
Carousels
Decentralized Automated Dispensing Systems
Pharmacy-Based Automated Dispensing Systems
Ward-Based Automated Dispensing Systems
Automated Unit Dose Dispensing Systems

Breakup by Application:

Hospital Pharmacy
Retail Pharmacy
Home Healthcare

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Becton Dickinson and Company, Capsa Healthcare, Cerner Corporation, Lifeline Systems Inc. (Royal Philips Electronics), McKesson Corporation, Omnicell Inc., ScriptPro LLC, Talyst LLC (Swisslog Healthcare) and Yuyama Co. Ltd.

Key Questions Answered in This Report
1. What was the size of the global automatic pill dispenser machine market in 2022?
2. What is the expected growth rate of the global automatic pill dispenser machine market during 2023-2028?
3. What has been the impact of COVID-19 on the global automatic pill dispenser machine market?
4. What are the key factors driving the global automatic pill dispenser machine market?
5. What is the breakup of the global automatic pill dispenser machine market based on the type?
6. What is the breakup of the global automatic pill dispenser machine market based on the application?
7. What are the key regions in the global automatic pill dispenser machine market?
8. Who are the key players/companies in the global automatic pill dispenser machine market?