Medical dispensers have revolutionized the medication management sector over past few years. Medical dispensers are automated tools to manage prescribed medical routines of drugs to patients. These devices remind the scheduled time of dosage to patients and provide right amount of medicine at the right time. The device functions on a computerized framework and can handle multiple drug prescriptions at a given time.
With 49.0% share in 2015, automated medication dispensing systems accounted for the largest market across the globe. The global automated medication dispensing systems market is further anticipated to witness a CAGR of 6.9% during 2013-2019.
Growth Drivers and challenges
Rapid expansion of aged population coupled with increased focus of hospitals to enhance patient’s safety and medication distribution is believed to drive the growth of global medical dispenser market over the forecast period i.e. 2015-2021.
However, high cost along with high maintenance requirements is expected to hamper the growth of global medical dispenser market in the future.
Market Size and Forecast
North America holds major share of the global medical dispenser market. The market in the region is bolstered by heavy investments on improvements of healthcare facilities. In addition to that, government regulation to improve medical facilities in hospitals and pharmacies is also believed to be a key driver of the North America medical dispenser market.
Europe medical dispenser market is also envisioned to escalate from adoption of advanced medication management systems in hospitals and pharmacies.
Asia-Pacific medical dispenser market is likely to get sparked from increasing per capita income and development of modern healthcare infrastructure in countries such as India and China. Rapid expansion of geriatric population is believed to a key growth driver of medical dispenser market in Japan.
Global medical dispenser market includes some of the major organizations such as:
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