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HEALTHCARE & PHARMACEUTICAL

Global Drug (Medicine) Dispenser Market Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Drug (Medicine) Dispenser Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Market Overview

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.

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. CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

By Application

  • Hospitals
  • Pharmacies
  • Homecare

By Region

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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.

Key Players

Global medical dispenser market includes some of the major organizations such as:

  • Care- Fusion Corp.
  • Kirby Lester
  • OmniCell Inc
  • McKesson Corp
  • Amerisource Bergen Corp
  • Health-Robotics SRL
  • Koninklijke Philips N.V.
  • MedMinder Systems Inc.
  • Medication Solutions LLC 
  • e-pill LLC

 


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