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Automatic Pill Dispensing Systems Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 134
  • SKU: IRTNTR74006
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The automatic pill dispensing systems market share is expected to increase by USD 1.60 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.36%.

This automatic pill dispensing systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automatic pill dispensing systems market segmentation by application (hospital pharmacies, retail pharmacies, and home healthcare) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The automatic pill dispensing systems market report also offers information on several market vendors, including Accu Chart Plus Health Care Systems, Becton Dickinson and Co., Capsa Healthcare LLC, Hero Health Inc., IngenioRx Inc., JVM Co Ltd., Koninklijke Philips NV, McKesson Corp., Medipense Inc., Medminder Systems Inc., Omnicell Inc., Oracle Corp., Parata Systems LLC, PharmRight Corp., RxMedic Systems Inc., ScriptPro, Stanley Black and Decker Inc., Swisslog Healthcare AG, Talyst LLC., and YUYAMA Co. Ltd. among others.

What will the Automatic Pill Dispensing Systems Market Size be During the Forecast Period?

Automatic Pill Dispensing Systems Market Size

Download Report Sample to Unlock the Automatic Pill Dispensing Systems Market Size for the Forecast Period and Other Important Statistics

 

Automatic Pill Dispensing Systems Market: Key Drivers, Trends, and Challenges

The growing aging population is notably driving the automatic pill dispensing systems market growth, although factors such as the high cost of pharmacy automation systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automatic pill dispensing systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automatic Pill Dispensing Systems Market Driver

The growing aging population is one of the key factors driving the automatic pill dispensing systems market growth. There are some common health disorders faced by the aging population such as osteoarthritis, cancer, chronic obstructive, and others. Given this, the elderly are prescribed several medications at a time. However, Managing complex medication schedules can cause mistakes such as missing doses, taking incorrect amounts, or taking medicines at the wrong time, leading to hospital visits, the severity of illness, and even death. These factors have increased the demand for automatic pill dispensing systems from the aging population. Such an increasing demand will drive market growth during the forecast period.

Key Automatic Pill Dispensing Systems Market Trend

Increasing adoption of automation in healthcare is one of the key automatic pill dispensing systems market trends fueling the market growth. Primarily, automation contributes to data-driven insights as the technology used to automate processes can deliver a large volume of data, which can be used for performance improvement and optimization. With each step, automated systems collect data on the working of the process and use the information to improve the same process, which increases throughput and reduces the workload on healthcare professionals. Significantly, the latest automatic pill dispensers are equipped with features such as flexible configurations in a limited space. Thus, the medication dispensing systems are customizable with spacious drawers, which can be combined in various configurations and can manage a pharmacy's unique needs.

Key Automatic Pill Dispensing Systems Market Challenge

The high cost of pharmacy automation systems is one of the key factors impeding the automatic pill dispensing systems market growth. Some vendors sell their products at retail prices, resulting in a high upfront cost without monthly servicing fees. Such products have a price range of $500 to $1,000. However, these systems might face issues such as system failure, and hence, monthly service is required. Therefore, this influences vendors to sell their products at a low upfront cost with additional monthly service fees. Meanwhile, the other price model includes no upfront cost and higher monthly service fees. Vendors using this model rent their equipment to customers at a low price range of $50 - $100 per month with no upfront costs. Thus, due to varying price models of these products, customers might face price sensitivity issues. Such issues may impede the market growth during the forecast period.

This automatic pill dispensing systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automatic pill dispensing systems market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automatic pill dispensing systems market during the forecast period.

Who are the Major Automatic Pill Dispensing Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accu Chart Plus Health Care Systems
  • Becton Dickinson and Co.
  • Capsa Healthcare LLC
  • Hero Health Inc.
  • IngenioRx Inc.
  • JVM Co Ltd.
  • Koninklijke Philips NV
  • McKesson Corp.
  • Medipense Inc.
  • Medminder Systems Inc.
  • Omnicell Inc.
  • Oracle Corp.
  • Parata Systems LLC
  • PharmRight Corp.
  • RxMedic Systems Inc.
  • ScriptPro
  • Stanley Black and Decker Inc.
  • Swisslog Healthcare AG
  • Talyst LLC.
  • YUYAMA Co. Ltd.

 

This statistical study of the automatic pill dispensing systems market encompasses successful business strategies deployed by the key vendors. The automatic pill dispensing systems market is fragmented and the vendors are deploying growth strategies such as making significantly huge investments in research and development, mergers and acquisitions, and strategic partnerships to compete in the market.

Product Insights and News

  • accuchart.com - The company offers an automatic pill dispenser product named Accu Chart for a line of cabinets for dispensing medicines and supplies.
  • bd.com - The company offers a product named The Pyxis medstation ES system, which is an automated medication dispensing system for decentralized medication management.
  • capsahealthcare.com - The company offers an automatic pill dispenser machine named NexsysADC dispensing cabinet which offers secure access to medication, can be customized, storing of SKUs, and keeps an inventory.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automatic pill dispensing systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automatic Pill Dispensing Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automatic pill dispensing systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Automatic Pill Dispensing Systems Market?

Automatic Pill Dispensing Systems Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

56% of the market’s growth will originate from North America during the forecast period. The US is the key market for the automatic pill dispensing systems market in North America. Market growth in this region will be slower than the growth of the market in South America.

High awareness and the affordability of products will facilitate the automatic pill dispensing systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 adversely impacted the regional market. However, from Q4 2020 onward, manufacturing operations and supply chain activities have been resumed with proper COVID standard operating procedures, owing to the initiation of large-scale increased vaccination drives in the region. Thus, the regional market is anticipated to grow during the forecast period.

What are the Revenue-generating Application Segments in the Automatic Pill Dispensing Systems Market?

Automatic Pill Dispensing Systems Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The automatic pill dispensing systems market share growth by the hospital pharmacies segment will be significant during the forecast period. The hospital pharmacies segment is the leading revenue contributor to the market. The driving factor is the prevalence of chronic diseases globally, which increases the number of patient visits to hospitals. According to the Centers for Disease Control and Prevention (CDC), in 2021, 7.9% of the patient population in the US accounted for overnight hospital stays. This drives the need to focus on improving patient safety. Such factors will drive market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automatic pill dispensing systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Automatic Pill Dispensing Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.36%

Market growth 2022-2026

$ 1.60 billion

Market structure

Fragmented

YoY growth (%)

6.92

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 56%

Key consumer countries

US, Japan, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accu Chart Plus Health Care Systems, Becton Dickinson and Co., Capsa Healthcare LLC, Hero Health Inc., IngenioRx Inc., JVM Co Ltd., Koninklijke Philips NV, McKesson Corp., Medipense Inc., Medminder Systems Inc., Omnicell Inc., Oracle Corp., Parata Systems LLC, PharmRight Corp., RxMedic Systems Inc., ScriptPro, Stanley Black and Decker Inc., Swisslog Healthcare AG, Talyst LLC., and YUYAMA Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Automatic Pill Dispensing Systems Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automatic pill dispensing systems market growth during the next five years
  • Precise estimation of the automatic pill dispensing systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automatic pill dispensing systems industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automatic pill dispensing systems market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Hospital pharmacies - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hospital pharmacies - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Hospital pharmacies - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Hospital pharmacies - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hospital pharmacies - Year-over-year growth 2021-2026 (%)
    • 5.4 Retail pharmacies - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Retail pharmacies - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Retail pharmacies - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Retail pharmacies - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Retail pharmacies - Year-over-year growth 2021-2026 (%)
    • 5.5 Home healthcare - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Home healthcare - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Home healthcare - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Home healthcare - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Home healthcare - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Accu Chart Plus Health Care Systems
              • Exhibit 93: Accu Chart Plus Health Care Systems - Overview
              • Exhibit 94: Accu Chart Plus Health Care Systems - Product / Service
              • Exhibit 95: Accu Chart Plus Health Care Systems - Key offerings
            • 10.4 Becton Dickinson and Co.
              • Exhibit 96: Becton Dickinson and Co. - Overview
              • Exhibit 97: Becton Dickinson and Co. - Business segments
              • Exhibit 98: Becton Dickinson and Co. - Key news
              • Exhibit 99: Becton Dickinson and Co. - Key offerings
              • Exhibit 100: Becton Dickinson and Co. - Segment focus
            • 10.5 Capsa Healthcare LLC
              • Exhibit 101: Capsa Healthcare LLC - Overview
              • Exhibit 102: Capsa Healthcare LLC - Product / Service
              • Exhibit 103: Capsa Healthcare LLC - Key offerings
            • 10.6 JVM Co Ltd.
              • Exhibit 104: JVM Co Ltd. - Overview
              • Exhibit 105: JVM Co Ltd. - Product / Service
              • Exhibit 106: JVM Co Ltd. - Key offerings
            • 10.7 Koninklijke Philips NV
              • Exhibit 107: Koninklijke Philips NV - Overview
              • Exhibit 108: Koninklijke Philips NV - Business segments
              • Exhibit 109: Koninklijke Philips NV - Key news
              • Exhibit 110: Koninklijke Philips NV - Key offerings
              • Exhibit 111: Koninklijke Philips NV - Segment focus
            • 10.8 Medminder Systems Inc.
              • Exhibit 112: Medminder Systems Inc. - Overview
              • Exhibit 113: Medminder Systems Inc. - Product / Service
              • Exhibit 114: Medminder Systems Inc. - Key offerings
            • 10.9 Omnicell Inc.
              • Exhibit 115: Omnicell Inc. - Overview
              • Exhibit 116: Omnicell Inc. - Product / Service
              • Exhibit 117: Omnicell Inc. - Key offerings
            • 10.10 Oracle Corp.
              • Exhibit 118: Oracle Corp. - Overview
              • Exhibit 119: Oracle Corp. - Business segments
              • Exhibit 120: Oracle Corp. - Key news
              • Exhibit 121: Oracle Corp. - Key offerings
              • Exhibit 122: Oracle Corp. - Segment focus
            • 10.11 Parata Systems LLC
              • Exhibit 123: Parata Systems LLC - Overview
              • Exhibit 124: Parata Systems LLC - Product / Service
              • Exhibit 125: Parata Systems LLC - Key offerings
            • 10.12 Swisslog Healthcare AG
              • Exhibit 126: Swisslog Healthcare AG - Overview
              • Exhibit 127: Swisslog Healthcare AG - Product / Service
              • Exhibit 128: Swisslog Healthcare AG - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automatic Pill Dispensing Systems Market market growth will increase by $1.60 bn during 2022-2026.
              The automatic pill dispensing systems market market is expected to grow at a CAGR of 8.36% during 2022-2026.
              Technavio has segmented the automatic pill dispensing systems market market by application (Hospital pharmacies, Retail pharmacies, and Home healthcare) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              Accu Chart Plus Health Care Systems, Becton Dickinson and Co., Capsa Healthcare LLC, Hero Health Inc., IngenioRx Inc., JVM Co Ltd., Koninklijke Philips NV, McKesson Corp., Medipense Inc., Medminder Systems Inc., Omnicell Inc., Oracle Corp., Parata Systems LLC, PharmRight Corp., RxMedic Systems Inc., ScriptPro, Stanley Black and Decker Inc., Swisslog Healthcare AG, Talyst LLC., YUYAMA Co. Ltd. are a few of the key vendors in the automatic pill dispensing systems market market.
              North America will register the highest growth rate of 56% among the other regions. Therefore, the automatic pill dispensing systems market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automatic pill dispensing systems market market growth are:
              • Growing aging population
              • Increasing adoption of automation in healthcare
              The automatic pill dispensing systems market market vendors should focus on grabbing business opportunities from the hospital pharmacies segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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