Automatic Pill Dispenser Machine Market, by Product Type (Centralized Automated Dispensing Systems and Decentralized Automated Dispensing Systems), by End User (Hospitals and Home Care Setting) and by Geography – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Automatic Pill Dispenser (APD) machine is a medical device designed for home usage and works for pills and capsules of a variety of sizes. It reduces drug errors by automating the dosage process for patients, through the use of visual and auditory prompts. APD removes the need to pre-sort medication, by segregating each medication to a compartment and the machine can count each dosage, individually. APD is developed using CAD software, optical sensors, Arduino Mega Microcontroller, 3D printed parts, non-continuous and continuous servos, and a 5-inch LCD display interface.

The machine has potential to decrease medication errors; while increasing the quality of life of its users and minimizing hospital visits and medical costs to some extent. Medication errors consist of failure in the drug dispensing process that is risky and complex. Furthermore, these errors result in lifetime disability and other adverse effects that increase healthcare costs and hospital stay. As per the U.S. Centers for Disease Control and Prevention data, 2015, around 91 people die each day from overdose of prescribed heroin and opioids. Increasing usage of automatic pill dispenser machine for reduction of errors related to medication dispensing is expected to drive the market growth. Manufacturers in the market are also focusing on advancement in these products, which would include more safety features to avoid risks related to inaccurate amount of pills being dispensed, and increase the amount of dispensing units that could be attached.

Automatic Pill Dispenser Machine Market: Market Dynamics

The global geriatric population is increasing significantly and is susceptible to numerous cardiac disorders such as cardiomyopathy, stroke, arrhythmias, and cardiac arrest. Furthermore, some degree of memory loss is common in this population. This can lead to dosage skip or overdose that can lead to health complications. Moreover, elder patients struggle to open medication packages, thereby needing an automated pill dispensing system. According to the Administration on Aging, in the U.S. by 2060, there will be around 98 million older persons, which is more than twice their number in 2013. As of 2014, 34% of the 4 million prescriptions filed, were for people over 65. This group also accounted for 30% of all over the counter drug use.

Centralized automated dispensing systems have seen increase in adoption in hospitals and other healthcare facilities. Increasing healthcare awareness, rapid growth of infections and chronic diseases such as blood pressure, asthma, and diabetes is expected to lead to high demand for automatic pill dispenser machine in all age group patients. Furthermore, growth in technological advancement for workflow optimization in hospitals and other healthcare centers drives the automatic pill dispenser machine market growth. However, high cost of machines can hinder automatic pill dispenser machine market growth.

The automatic pill dispenser machine can aid in pill dispensing in large and small healthcare centers. It can reduce the amount of time medical staff devotes to every patient. Moreover, vitamins and another essential dietary supplement that is required daily can be an opportunity for use of an automatic pill dispenser machine. The rental or leasing of these machines is increasingly becoming popular in developed countries.

Automatic Pill Dispenser Machine Market: Regional Insights

Regional segmentation of automatic pill dispenser machine market by Coherent Market Insights, includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America automatic pill dispenser machine market is anticipated to account for the dominant position, due to rising geriatric population in the region. According to U.S. Department of Health and Human Services, the population aged over 85 years is projected to triple from 6.3 million in 2015 to 14.6 million in 2040. Moreover, according to a report by National Public Ratio (NPR), 119 million people in the U.S. took prescription drugs in 2017 for various disorders. These factors are expected to aid in growth of the market in the region.

Asia Pacific automatic pill dispenser machine market is expected to be the fastest growing, owing to increasing patient pool coupled with rising prevalence of chronic and infectious diseases. As per WHO data 2013, approximately 12% of adults had diabetes, and 50% had a pre-diabetes condition in China. Future developments would include more safety features to avoid the chance of an inaccurate amount of pills being dispensed, and increasing the amount of dispensing units that could be attached to the machine.

Automatic Pill Dispenser Machine Market: Competitive Analysis

Major players operating in the automatic pill dispenser machine market include Becton, Dickinson and Company, Baxter International Inc., Capsa Healthcare, Cerner Corporation, McKesson Corporation, Omnicell Inc., Swisslog Holdings AG, ScriptPro LLC, Yuyama Co. Ltd., and Talyst, Inc.

Automatic Pill Dispenser Machine Market: Market Taxonomy

On the basis of product type, the automatic pill dispenser machine market is segmented into:

  • Centralized Automated Dispensing Systems
  • Decentralized Automated Dispensing Systems

On the basis of end user, the automatic pill dispenser machine market is segmented into:

  • Hospitals
  • Home care setting

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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