Global Market Study on Medication Dispenser: Europe Anticipated to be the Second Most Lucrative Regional Market


Medication Dispenser Market
  • Published On : Jun-2017 |
  • Pages : 147 Pages |
  • Format :

Persistence Market Research’s new publication titled “Medication Dispenser Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025), presents an opportunity analysis of the global medication dispenser market for the period 2017 to 2025. The labor-intensive job of dispensing medications at hospitals is now solved with unit-based automated dispensing machines – this is a big market opportunity. This also solves other major concerns such as delays in drug delivery. In contrast, automated dispensing machines are recognized as important characteristics of a safe medication distribution system as they provide a good balance between security, accessibility and inventory control of medications. Automated dispensing machines enhance first-dose availability and facilitate timely administration of medications by increasing their accessibility in patient care units. This benefit is particularly important in emergency departments and intensive care units. In addition, the single-access drawer feature of automated dispensing machines offers tighter control by allowing access to just one medication at a time. 

Key market finding – Increasing need for integrated healthcare infrastructure and rising need for quality healthcare boosting the market 

The quality of healthcare provided to patients is changing as a result of technological upgrades, which are expected to further improve the quality and effectiveness of healthcare systems, increase productivity, and reduce healthcare costs and medical errors. Hospitals in developed countries are implementing methods to provide enhanced safety and efficacy in medication processes. Optimization of drug delivery through automated drug dispensing systems is on the rise in different hospital departments and ICUs. Rising competition among hospitals to provide quality care to patients is projected to drive revenue growth of the global medication dispenser market over the forecast period. Companies operating in the global medication dispenser market are actively engaging in mergers, acquisitions and partnerships in order to strengthen their product portfolio and increase market share. These companies are also focusing on the development of more advanced medication dispensing devices that can completely eliminate the risk of failure during medication.  

Forecast assumptions 

  • The analysts have considered market consolidation activities such as mergers and acquisitions, collaborations, partnerships, license agreements, patent transfer, which may influence market growth over the forecast period
  • Capital expenditure on healthcare infrastructure in developing economies is also a factor expected to drive the market. It also rules out impact of extreme events in specific countries
  • Regulatory impositions such as the rules and regulations imposed by various regulatory authorities such as U.S. Food and Drug Administration and European Commission could affect the market
  • Currency fluctuations and changing taxation policies are likely to have a significant impact on market forecasting during the period of assessment 

Market Segmentation 

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa 

By End User

  • Hospital Pharmacies
  • Ambulatory Surgical Centers
  • Nursing Facilities 

By Product Type

  • Pharmacy based ADS
  • Ward based ADS
  • Automated Unit Dose Dispensing 

Report Structure and Research Methodology 

The analysts have taken into consideration micro-economic indicators such as medication dispenser market outlook, gross domestic product and others to arrive at the indicated market numbers. Top-down approach has been used to counter-validate the reached numbers, while bottom-up approach has been used to assess market numbers in the global medication dispenser market. Weighted average selling price (ASP) has been considered to deduce market values. The analysts have conducted systematic and exhaustive secondary research to acquire the required data points to arrive at the overall market numbers. The expert analyst team at Persistence Market Research has developed a list of market players across the value chain and created questionnaires for each node in the value chain to extract the required market information through primary research interviews. Data thus gathered is validated using the triangulation method, wherein secondary and primary research data as well as Persistence Market Research analysis contribute to the final data. Data in the report is represented using charts, infographics, and presentation of key findings by region, providing actionable insights for informed decision making. 

The U.S. dominates the North America medical dispenser market with remarkable attractiveness index

North America is the largest regional market in the global medication dispenser market, which is estimated to represent more than US$ 650 Mn, or around 64% share of the total market in 2017. By the end of 2025, the North America medication dispenser market is projected to reach more than US$ 1,100 Mn, expanding at a CAGR of 7.2% over the forecast period. The North America medication dispenser market dominated the global medication dispenser market in terms of revenue in 2017 and the trend is projected to grow throughout the forecast period. North America is also the most attractive regional market, with an attractiveness index of 3.3 over the period of forecast. The North America medication dispenser market represents an absolute $ opportunity of more than US$ 35 Mn in 2018 over 2017 and incremental opportunity of more than US$ 500 Mn between 2017 and 2025. Within North America, the U.S. medication dispenser market is expected to gain 60 BPS in market share owing to increasing number of new installations as compared to Canada, which is likely to lose 60 BPS in its market share during the forecast period. 

medication dispenser market

Rising geriatric population and increasing speed and accuracy of medication services likely to boost the North America medication dispenser market

According to an article published in the Health Affairs journal, adults over the age of 65 are expected to comprise more than 15% of the U.S. population by 2050. With the rise in ageing population, one of the challenges faced by the elderly people is multiple medication management with varying dosing schedules. This particular factor is fueling the need and eventually growth in demand in the North America medication dispenser market. Medicine dispensers alert patients and guide them in taking the right amount of medication at the right time. These dispensers also help nurses during the treatment of hospitalized patients at the appropriate time and also reduce the chances of error.

The accuracy of this system is another reason that fuels growing adoption in North America. A research study published in the Canadian Journal of Hospital Pharmacy shows that after the implementation of Automated Drug Dispensing, the proportion of nurses’ time spent on medication related activities decreased considerably. All these benefits associated with medication dispensers including faster service are expected to drive the North America medication dispensers market.

Consequently, several leading hospital and pharmacy chains are opting for medication dispensing systems and solutions to streamline and automate their routine task of dispensing medications and providing quality care to customers. Healthcare institutions in the U.S., such as Barnes Jewish Healthcare, Children’s Healthcare of Atlanta, Restore Health and San Francisco General Hospital have contracted Aesynt to automate the process of compounding and dispensing intravenous medications.

Pharmacy based ADS and hospital pharmacies are two significant sub-segments representing the product type and end use segments respectively in the North America medication dispenser market

The pharmacy based ADS sub-segment by product type has captured the North America medication dispenser market with more than 7% CAGR. The segment is estimated to represent close to US$ 390 Mn in 2017 and is anticipated to reach a market valuation slightly in excess of US$ 700 Mn by the end of 2025. With a remarkable CAGR of more than 8%, the hospital pharmacies end-user segment is anticipated to reach a market valuation of over US$ 340 Mn in 2017 and is expected to represent close to US$ 700 Mn by the end of 2025.  

Company Profiles

  • Becton, Dickinson and Company
  • Omnicell Inc.
  • Cerner Corporation
  • Capsa Solution LLC
  • InstyMeds Corporation
  • PARATA SYSTEMS, LLC
  • TriaTech Medical Systems Inc.
  • ARxIUM Inc.
  • ScriptPro LLC
  • YUYAMA Co.,Ltd
  • Howard Industries, Inc.
  • Swisslog Holding AG
  • Talyst
  • Robotik Technology
  • Tema Sinergie
  • Synergy Medical
  • Accu-Chart Plus Healthcare Systems, Inc.
  • Medipense Inc.
  • Others
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