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Automated Dispensing Machines Market To Value $3,941.9 Million in 2030

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The automated dispensing machines market is growing due to the increasing cases of medication errors, booming geriatric population, technological improvements in such systems, rising incidence of chronic ailments, surging number of patent approvals, and government initiatives to have such equipment in medical settings. Resultingly, the market value in 2020 was $1,673.0 million, and it will be $3,941.9 million in 2030. This revenue increase will likely be at a CAGR of 9.1% between 2021 and 2030 (forecast period).

The application segment of the automated dispensing machines market is bifurcated into in-patient and out-patient, of which the in-patient bifurcation was the larger during the historical period (2015–2020). This is attributed to the surging prevalence of chronic diseases and other issues, such as severe accidents and burns, which usually require people to be admitted to the hospital. Hence, due to the increasing cases of hospitalization, the installation of such systems in in-patient settings is rising fast.

This study covers

• Major factors driving the market and their impact during the short, medium, and long terms

• Market restraints and their impact during the short, medium, and long terms

• Recent trends and evolving opportunities for the market participants

• Historical and the present size of the market segments and understand their comparative future potential

• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders

• Major players operating in the market and their service offerings

One of the major reasons for the advance of the automated dispensing machines market is the increasing prevalence of medical error. Taking the wrong drug, or even the right one at the wrong time and wrong dosage, can lead to severe complications. In the U.S., over 100,000 cases of suspected medication errors are reported to the Food and Drug Administration (FDA) each year, which has strengthened the focus on medication management and patient compliance. Automated dispensing machines help in this regard by eliminating the role of humans in distributing medicines to doctors and patients.


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Automated Dispensing Machines Market To Value $3,941.9 Million in 2030

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Updated on September 23, 2022

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