High Volume Dispensing Systems Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, Germany, China, Japan, UK - Size and Forecast 2024-2028

High Volume Dispensing Systems Market Size 2024-2028

The high volume dispensing systems market size is forecast to increase by USD 469.6 million at a CAGR of 4.5% between 2023 and 2028.

• High volume dispensing systems have gained significant traction in various industries, particularly in the manufacturing of conductive pastes for electronics. The increasing global pharmaceutical sales, driven by an aging population and rising healthcare expenditures, are creating a demand for efficient and automated dispensing solutions. The market's growth is driven by the increasing sales of pharmaceuticals and the automation of processes to meet the demands of miniaturized electronic devices.
• Additionally, automation through technologies like microfluidics and advanced dispensing modes, such as valve and jet dispensing, have replaced manual methods, ensuring accuracy and efficiency. However, the market faces challenges due to the complexities of meeting time-bound deliveries and customization requirements in the supply chain. These trends and challenges shape the future of high volume dispensing systems in the US market.

What will be the Size of the Market During the Forecast Period?

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• The high volume dispensing (HVD) systems market is witnessing significant growth due to the increasing demand for automation in various industries, particularly in microelectronics and pharmacy sectors. HVD systems enable the efficient and accurate dispensing of fluids, including biocompatible adhesives and conductive pastes, in large volumes. Microelectronics industry's miniaturization trend is driving the demand for HVD systems. As electronic devices continue to shrink in size, the need for precise and consistent dispensing of materials becomes increasingly important. HVD systems' ability to dispense small volumes accurately and efficiently makes them an essential component in the production of miniaturized electronic devices.
• In the pharmacy sector, HVD systems are being adopted for automation in pharmacy applications. Community pharmacies and pharmaceutical drug stores are increasingly investing in HVD systems to improve medication inventory management and reduce medication errors. Chronic diseases and supportive healthcare policies are contributing to the growth of the pharmacy automation systems market, which in turn is boosting the demand for HVD systems. The aging population is another significant factor fueling the growth of the HVD systems market. As the population ages, the demand for medication and healthcare services is increasing, leading to a higher need for efficient and accurate dispensing solutions. The HVD systems market is witnessing innovation in the form of advanced materials and non-contact dispensing technologies. Jetting and ultrasonic dispensing are two such technologies that offer advantages such as improved accuracy, reduced material waste, and increased production speed. Automated optical inspection is another technology that is gaining popularity in the HVD systems market due to its ability to ensure the quality of dispensed materials.
• Additionally, microfluidics technology is another trend that is gaining traction in the HVD systems market. Microfluidics technology enables the precise control and manipulation of fluids at the microscale, making it an ideal solution for applications that require small volume dispensing. In conclusion, the market is experiencing growth due to the increasing demand for automation, miniaturization, and precision in various industries. The market is witnessing innovation in the form of advanced materials and non-contact dispensing technologies, making it an exciting space to watch for businesses looking to invest in efficient and accurate dispensing solutions.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • Hospital pharmacies
  • Retail pharmacies
• Geography
  • North America
    • US
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • Middle East and Africa
  • South America

By End-user Insights

• The hospital pharmacies segment is estimated to witness significant growth during the forecast period.

High volume dispensing systems have become essential tools in hospital pharmacies for efficiently managing large quantities of medications. Pharmacy automation, driven by technologies such as microfluidics and miniaturized electronic devices, has significantly transformed the pharmacy workflow. Manual dispensing has given way to automated solutions like valve dispensing and jet dispensing, which offer increased accuracy, reduced waiting times for patients, and fewer medication errors. These benefits have proven particularly valuable during the COVID-19 pandemic, ensuring patient safety and pharmacy productivity. One example of this trend is the growth in demand for Becton, Dickinson and Co.'s (BD) Rowa Vmax automated dispensing system.

In September 2020, the company reported a 30% increase in medication volume processed through this system across the UK and Ireland. This growth underscores the importance of automation in addressing the unique challenges faced by pharmacies in today's healthcare landscape. In summary, high volume dispensing systems have become indispensable in hospital pharmacies for managing large medication volumes and improving patient care. Automation, driven by technologies like microfluidics and miniaturized electronic devices, has enabled more efficient and accurate dispensing methods. The benefits of these systems, including reduced waiting times, fewer medication errors, and increased productivity, have become increasingly crucial during the COVID-19 pandemic. The growing demand for automated dispensing systems, as evidenced by BD's experience, highlights the importance of these solutions in the evolving healthcare landscape.

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The hospital pharmacies segment was valued at USD 1.09 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• APAC is estimated to contribute 44% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In North America, the market is projected to experience significant expansion over the coming years. The United States is the primary contributor to the market's revenue in this region. Several factors are driving this growth, including the introduction of new branded pharmaceutical drugs and the increasing demand for FDA-approved generic medicines, particularly among the elderly population.

Additionally, Canada is experiencing a rise in healthcare expenditure, fueling the growth of its pharmaceutical market due to the high demand for advanced pharmaceutical drugs. Community pharmacies and pharmacy automation systems, such as high volume dispensing systems, are becoming increasingly important in addressing the complex medication needs of patients, especially those with chronic diseases. Supportive healthcare policies and the aging population further boost the adoption of these systems. Pharmaceutical drug stores are turning to automation in pharmacy to improve medication inventory management and reduce medication errors.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of High Volume Dispensing Systems Market?

Growing global pharmaceutical sales is the key driver of the market.

• The pharmaceutical industry in the United States is experiencing significant growth due to the increasing prevalence of chronic conditions and the expanding network of retail pharmacy chains and micro-fulfillment centers. To address the complexities of prescription processing and inventory management, efficient systems, such as High Volume Dispensing Systems (HVDS), are gaining popularity. These systems, which often incorporate robots and software solutions, help minimize inventory discrepancies and streamline operations.
• Additionally, barcode technology is a crucial component of these systems, ensuring accurate tracking and dispensing of medications. As the US population ages and the demand for convenient, quick-pharmacy services increases, the adoption of advanced HVDS is poised to rise. These systems not only improve operational efficiency but also contribute to enhanced patient care and safety.

What are the market trends shaping the High Volume Dispensing Systems Market?

Increased application of automation in high-volume dispensing systems is the upcoming trend in the market.

• In the realm of pharmaceutical manufacturing, automation is increasingly becoming a cornerstone for enhancing productivity and ensuring accuracy. Automated manufacturing processes, such as fluid dispensing, are gaining traction due to their ability to minimize human error and streamline production. Miniaturization is a significant trend in this space, with advanced materials and technologies, like non-contact dispensing and jetting, being employed for microelectronics and other applications. Automated optical inspection and ultrasonic dispensing are essential components of these systems, ensuring the highest quality standards are met. Biocompatible adhesives are also crucial, as they facilitate the bonding of various components in the pharmaceutical industry.
• Additionally, automation not only enhances the efficiency of pharmaceutical manufacturing but also addresses challenges in the transportation and distribution of pharmaceutical supplies. Temperature fluctuations and conveyance losses are common issues, which automated systems can mitigate, thereby ensuring the safety and efficacy of medical supplies. In conclusion, the adoption of automation in pharmaceutical manufacturing is a response to the growing demand for efficient, accurate, and high-quality production processes. Automated manufacturing systems, including fluid dispensing, are revolutionizing the industry by enabling miniaturization, improving safety, and increasing overall productivity. With the integration of advanced technologies like non-contact dispensing, jetting, ultrasonic dispensing, and automated optical inspection, the pharmaceutical industry is well-positioned to meet the evolving needs of healthcare providers and patients.

What challenges does High Volume Dispensing Systems Market face during the growth?

Increased complexities due to time-bound deliveries and customization of the supply chain are key challenges affecting market growth.

• In the healthcare industry, implementing an efficient and effective supply chain model is essential to meet customer demands for shorter lead times while minimizing logistics costs. The unique requirements of healthcare supplies, such as specialized packaging and temperature control, necessitate a customized approach to ensure the drugs maintain their physical and chemical properties throughout the distribution process. The complexity of healthcare logistics is influenced by various factors, including geographical infrastructure, technological advancements, and country-specific regulations. These challenges make it difficult for logistics providers to create an optimal supply chain solution. The importance of timely and accurate delivery of healthcare supplies necessitates a responsive and agile supply chain.
• Imaging technologies, such as RFID (Radio Frequency Identification), are increasingly being adopted to streamline the supply chain process, enabling real-time tracking and monitoring of inventory levels. Independent pharmacies and hospital pharmacies alike benefit from high volume dispensing systems, which facilitate the efficient handling and distribution of specialty medicines. Market leaders like Omnicell leverage advanced technologies to offer automated dispensing solutions that optimize workflows and reduce labor costs. To remain competitive, logistics providers must stay informed about the latest trends and innovations in the healthcare supply chain industry. By incorporating technology, such as RFID and automated dispensing systems, and adhering to regulatory requirements, providers can create a strong and responsive supply chain model that caters to the unique needs of the healthcare sector.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• ARxIUM Inc.
• FISNAR
• Graco Inc.
• Henkel AG and Co. KGaA
• Innovation Associates
• McKesson Corp.
• Nordson Corp.
• OK International Inc.
• Omnicell Inc.
• Parata Systems LLC
• Richards Packaging Inc
• ScriptPro LLC

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is witnessing significant growth due to the increasing demand for automation in various industries, particularly in microelectronics and pharmacy automation. Miniaturization and the use of advanced materials are key trends driving the market for fluid dispensing systems in microelectronics. In non-contact dispensing technologies, jetting and ultrasonic dispensing are popular methods used for dispensing adhesives, conductive pastes, and other materials. Automation is a crucial factor in the dispensing process, with manual dispensing giving way to automatic dispensing methods such as valve dispensing and jet dispensing. Dispensing materials used include biocompatible adhesives, sealants, lubricants, epoxies, and greases. In the pharmacy automation sector, the market is driven by the growing number of chronic diseases, supportive healthcare policies, and an aging population.

Additionally, automation in pharmacy includes systems and cabinets for medication inventory management, prescription processing, and retail pharmacy chains. Micro-fulfillment centers and robots are being increasingly adopted for efficient systems and reducing inventory discrepancies. Software solutions, such as barcode technology and imaging technologies, are essential components of these systems for accurate tracking and management of medication inventory. Independent pharmacies and hospital pharmacies are also adopting these systems to improve operational efficiency and reduce medication errors. Specialty medicines and labor costs are other factors influencing the market's growth.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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