Market Introduction
Automated dispensing system, also defined as automated drug cabinets, are electronic drug storage and dispensing devices, primarily used in healthcare settings. These are planned for use at hospital and retail pharmacies and are secured with authenticated passwords and biometrics. These systems improve access to drug information, reduce medication errors, control inventory costs, and allow for the configuration of systems to meet clinical or operational requirements.
Market Overview and Dynamics
The Asia Pacific automated dispensing systems market accounted to US$ 289.75 Mn in 2019 and is anticipated to grow at a CAGR of 8.2% to account for US$ 538.85 Mn by 2027.
Key factors driving the Asia Pacific automated dispensing systems market are rise in awareness towards health and safety for reduction of medication errors, increasing adoption of processes to control inventory costs, technological advancements and improving healthcare infrastructure during the forecast period. However, problems associated with automated dispensing systems like excessive use of overrides in cabinets with patient profiling and placing the patient at risk of allergic reactions are likely to pose a negative impact on the market growth.
Key Market Segments
The Asia Pacific automated dispensing systems market, based on operation, is segmented into decentralized systems and centralized systems. The centralized systems segment held the larger share of the market in 2019; however, decentralized system is anticipated to register the higher CAGR in the market during the forecast period.
Based on application, the Asia Pacific automated dispensing systems market is segmented into in-patient automated dispensing and out-patient automated dispensing. The in-patient automated dispensing segment held the larger share of the market in 2019; however, out-patient automated dispensing is anticipated to register the higher CAGR in the market during the forecast period.
The Asia Pacific automated dispensing systems market, based on end user, is segmented into hospital pharmacies, retail pharmacies and others. The hospital pharmacies segment held the larger share of the market in 2019; however, the retail pharmacies segment is registered to dominate the segment at the higher CAGR in the market during the forecast period.
Major Sources and Companies Listed
Some of the major primary and secondary sources for Asia Pacific Automated Dispensing Systems market included in the report are World Health Organization (WHO), National Institute of Health, UN Economic and Social Commission for Asia and the Pacific (ESCAP), Asian Development Bank and others.
Reasons to buy the report
Asia Pacific Automated Dispensing Systems Market–
Asia Pacific Automated Dispensing Systems Market– By Operation
Asia Pacific Automated Dispensing Systems Market– By Application
Asia Pacific Automated Dispensing Systems Market– By End User
Asia Pacific Automated Dispensing Systems Market– By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 289.75 Million |
| Market Size by 2027 | US$ 538.85 Million |
| CAGR (2020 - 2027) | 8.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Operation
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The List of Companies - Asia Pacific Automated Dispensing Systems Market
The Asia Pacific Automated Dispensing Systems Market is valued at US$ 289.75 Million in 2019, it is projected to reach US$ 538.85 Million by 2027.
As per our report Asia Pacific Automated Dispensing Systems Market, the market size is valued at US$ 289.75 Million in 2019, projecting it to reach US$ 538.85 Million by 2027. This translates to a CAGR of approximately 8.2% during the forecast period.
The Asia Pacific Automated Dispensing Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Automated Dispensing Systems Market report:
The Asia Pacific Automated Dispensing Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Automated Dispensing Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Automated Dispensing Systems Market value chain can benefit from the information contained in a comprehensive market report.
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