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The high-volume dispensing systems market share is expected to increase by USD 475.67 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.56%.
This high-volume 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 high-volume dispensing systems market segmentation by end-user (hospital pharmacies and retail pharmacies) and geography (North America, APAC, Europe, The Middle East and Africa, and South America). The high-volume dispensing systems market report also offers information on several market vendors, including ARxIUM, 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., and ScriptPro among others.
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The growing global pharmaceutical sales are notably driving the high-volume dispensing systems market growth, although factors such as increased complexities due to time-bound deliveries and customization of the supply chain 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 high-volume 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 High-volume Dispensing Systems Market Driver
The growing global pharmaceutical sales are one of the major drivers of the high-volume dispensing systems market growth. The rise in the geriatric population across the world and the demand for quick-pharma services are the two prominent factors driving the increasing adoption of and access to modern healthcare products and services. In addition, the incidence of chronic diseases and the need for improved medical assistance are rising. There is a dire need for more advanced equipment to effectively deal with the growing number of patients. This has led to the development of new medical devices and efficient transportation solutions for devices and equipment in the healthcare industry. Factors such as increasing healthcare awareness and the growing medicinal knowledge among people with the help of the Internet are increasing the sales of over-the-counter drugs. By understanding consumer requirements, over-the-counter drug manufacturers are introducing specific medicines for treating minor ailments, which, in turn, increases their sales. Thus, an increase in pharmaceutical sales is expected to augment the growth of the global high-volume dispensing market during the forecast period.
Key High-volume Dispensing Systems Market Trend
Increased application of automation in high-volume dispensing systems is one of the major trends influencing the high-volume dispensing systems market growth. Automated systems have economic, and safety benefits, and they make pharmacy operations easier. Thus, the application of automation is growing significantly across various end-user industries, including the pharmaceutical industry. From preventive maintenance of manufacturing equipment in the pharmaceutical industry to facilitating supply chain monitoring, automation plays a vital role in the global pharmaceutical industry. The transportation and distribution of pharmaceutical supplies may face several challenges, such as vehicle accidents, fluctuations in the temperatures required for keeping the medical supplies during transportation, and conveyance losses. Such challenges could lead to severe operational and revenue losses. Therefore, pharmaceutical wholesalers and distributors are using automated high-volume dispensing systems to monitor their processes in real-time, allowing for immediate actions and avoiding any delays.
Key High-volume Dispensing Systems Market Challenge
Increased complexities due to time-bound deliveries and customization of the supply chain is one of the major challenges impeding the high-volume dispensing systems market growth. Logistics complexities vary with infrastructure based on topography, technological advances, and region/country-specific regulations and policies. This makes it difficult for logistics service providers to formulate an effective supply chain model. The high criticality of healthcare supplies requires an agile and responsive supply chain to reduce lead time. In addition, healthcare product manufacturers are required to consider order size to maintain profitability as the cost of freight declines with the increase in the volume of freight movement. Customization of the supply chain is based on various parameters, such as freight rate, freight volume, distribution network complexity, the distance between the source and destination, and the urgency or criticality of the delivery. This will restrict the growth of the global high-volume dispensing systems market during the forecast period.
This high-volume 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.
Technavio categorizes the global high volume 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 high-volume dispensing systems market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the high-volume dispensing systems market encompasses successful business strategies deployed by the key vendors. The high-volume dispensing systems market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the 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 high-volume 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.
Our report provides extensive information on the value chain analysis for the high-volume 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.
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46% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the high-volume dispensing systems market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Factors such as the growing introduction of new branded pharmaceutical drugs in the market will facilitate the high-volume dispensing systems market growth in APAC 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 demand for pharmaceutical drugs increased significantly in 2020 owing to the outbreak of COVID-19 in the region. The region witnessed significant disruptions in the supply chain and an economic recession, which adversely impacted the regional pharmaceutical industry, primarily during the first half of 2020. However, the significant growth in the demand for generic and branded medicines, which are effective in curing ailments such as congestion and fever, has led pharmaceutical retailers to produce solutions to continue their supply of such medicines to the public.
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The high-volume dispensing systems market share growth by the hospital pharmacies segment will be significant during the forecast period. Pharmacy automation has helped transform the product-centric pharmacy model into a patient-centric workflow model. It has also helped in reducing the waiting time for patients and medication errors and preventing and easing the operating costs of pharmacies.
This report provides an accurate prediction of the contribution of all the segments to the growth of the high-volume dispensing systems market size and actionable market insights on the post-COVID-19 impact on each segment.
Automatic Pill Dispensing Systems market - The 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%.
Dual-chamber Dispensing Systems market - The market share is expected to increase by USD 256.74 million from 2021 to 2026, at a CAGR of 6.85%.
Robotic Pharmacy Prescription Dispensing Systems market - The market share is expected to increase by USD 1.53 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.66%.
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High-volume Dispensing Systems Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.56% |
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Market growth 2022-2026 |
$ 475.67 million |
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Market structure |
Concentrated |
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YoY growth (%) |
3.89 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 46% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ARxIUM, 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., and ScriptPro |
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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. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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