Automated Dispensing Systems Market: Decentralized systems is expected to hold large market share in the near future

Improving patient’s health and safety is always a primary objective in hospital and health care settings, and pharmacologists have been discovering a variety of policies and technologies to achieve this objective. Automated dispensing system, also termed as automated drug cabinet, is an electronic drug storage and dispensing device primarily used in health care settings. These systems provide easy to operate computer-controlled storage, dispensing, and tracking of medicine. These systems have been recommended as one of the potential instruments to improve efficiency and patient safety, and they are now widely used in many hospitals, for instance in clinics, nursing homes, are located at the point of care settings (POC), for example in an accident & emergency department (A&E), diagnostic labs, an intensive care unit (ICU), and critical care unit (CCU).

Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18002

Automated dispensing systems deliver a balance between security, user-friendliness, inventory management, and control of medications, which are all acknowledged as imperative features of a safe medication distribution system. These features drive the global automated dispensing systems market. Other drivers of the market include increasing demand for rapidly generated electronic reports to help categorize and prevent potential diversion from patient’s current health status. Automated dispensing systems save nursing time by reducing the need for manual end-of-shift counts in patient care division. Moreover, there is growing demand for automated systems such as barcodes and RFID cabinets, which help stock management and inventory management. These are the key factors expected to drive the market in the next few years. Moreover, increase in global geriatric population and prevalence of various chronic diseases, as well as high rates of hospitalization are some of the factors increasing the burden on hospital pharmacies and retail drug stores, consequently increasing demand for automated dispensing systems. Increase in the number of prescriptions and lack of skilled pharmacists are the other factors expected to boost automation in medication dispensing.

Request for Analysis of COVID-19 Impact on Automated Dispensing Systems Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=18002

The global automated dispensing systems market has been segmented based on product type, end-user, and region. In terms of product type, the market has been segmented into centralized automated dispensing systems and de-centralized automated dispensing systems. Centralized automated dispensing systems are sub-segmented into robotic automated systems and manually operated unit-dose system. Decentralized systems which provide computer controlled storage, tracking of medications, and dispensing have been recommended widely and are expected to hold large market share in the near future.

Based on end-user, the global automated dispensing systems market has been segmented into pharmacy stores, hospitals, laboratories, and others. The hospitals segment is anticipated to account for major share of the automated dispensing systems market driven by rapidly increasing health care expenditure and rising patient admissions which increases burden on pharmacy departments. The hospitals segment has been sub-segmented into general ward and emergency ward. The pharmacy stores segment is expected to expand at a high CAGR during the forecast period. Increasing pressure on pharmacies due to rising drug prices and decline in reimbursements leads to inefficient inventory and supply chain management. However, human error can lead to medication dispensing errors. This in turn is expected to boost the growth of the pharmacy stores segment during the forecast period.

Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=18002

North America accounted for major share of the global automated dispensing systems market. This is attributed to increased concerns toward patient’s health and safety. Europe was the next major market for automated dispensing systems. However, Asia Pacific is expected to witness significant growth during the forecast period. Key growth drivers of the automated dispensing systems market in the region include increasing geriatric population and rising health care expenditures.

Major players operating in the automated dispensing systems market are Aesynt Incorporated, Becton, Dickinson and Company, Omnicell, Inc., Pearson Medical Technologies, RxMedic Systems, Inc., Avery Weigh-Tronix, ScriptPro LLC, Capsa Solutions, LLC, and Cerner Corporation, among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

 Pre Book Automated Dispensing Systems Market Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=18002&ltype=S

Browse More Trending Report Transparency Market Research:

Arachnoiditis Treatment Market: https://www.transparencymarketresearch.com/arachnoiditis-treatment-market.html

Nateglinide Market: https://www.transparencymarketresearch.com/nateglinide-market.html

Giant Cell Arteritis Therapeutics Market: https://www.transparencymarketresearch.com/giant-cell-arteritis-therapeutics-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research

State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

Back to news