The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s automated dispensing machines market report forecasts the automated dispensing machines market size to grow to $5.26 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Automated Dispensing Machines Market Size Forecast
The global automated dispensing machines market is expected to grow from $3.61 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automated dispensing machines market size is expected to grow to $5.26 billion in 2027 at a CAGR of 7.7%.

North America held the largest automated dispensing machines market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Automated Dispensing Machines Market Driver ­– Rise In The Geriatric Population
For example, according to ACL (Administration For Community Living), a US-based government organization, the geriatric population is expected to increase by 21.6% by 2040. Therefore, the increasing geriatric population drives the automated dispensing machines market.

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Key Automated Dispensing Machines Market Trend – Product Innovations
Major companies operating in automated dispensing machines are developing innovative products to strengthen their position in the market. For instance, in January 2020, TouchPoint Medical, Inc., a US-based innovative medical technology producer introduced dispense series to its automated medication dispensing portfolio. The new medDispense product range provides the most advanced dispensing features and security on a single software platform. medDispense offers a variety of automated dispensing cabinets that enable single dose dispensing, single line item control, and bulk item storage while utilizing a single software platform, medLogic.

Automated Dispensing Machines Market Segment
1) By Product: Automated medication dispensing and storage system., Automated packaging and labelling systems, Automated tabletop counters, Automated medication compounding systems
2) By Application: In-patient, Out-patient
3) By Enduser: Hospitals, Pharmacies

Automated Dispensing Machines Market Major Players and Strategies
Major players in the automated dispensing machines market are Becton Dickinson and Company, Baxter International Inc., SciptPro LLC, Omnicell Inc., Accu-Chart Plus Healthcare System Inc., Pearson Medical Technologies LLC, Swisslog Holding Limited, Avery Weigh-Tronix, Talyst LLC, TouchPoint Medical, Tosho Inc., Takazono Corporation, McKesson Corporation, B Braun Melsungen AG, and Cerner Corporation.

In December 2021, Omnicell Inc., a US-based healthcare technology company completed the acquisition of ReCept Holdings for the deal amount of $100 million. With this acquisition, Omnicell Inc is expected to broaden its medication management infrastructure by adding solutions for specialty pharmacy management services, such as specialty pharmacy expertise in operational capabilities, human resources, technology and integration, workflow management, and payor access assistance. ReCept Holdings is a US-based company that provides pharmacy and specialty pharmacy management solutions for health systems.

The Automated Dispensing Machines Global Market Report 2023 covers regional data on automated dispensing machines market size, automated dispensing machines market trends and drivers, opportunities, strategies, and automated dispensing machines market competitor analysis. The countries covered in the automated dispensing machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Automated dispensing machines (ADMs) are medication distribution systems that offer computer-controlled medicines storage, dispensing, and monitoring. The primary use of these machines is to increase the efficiency of medicine distribution and patient safety, and they are currently widely employed in many hospitals.

View More Reports Related To The Automated Dispensing Machines Market –
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