Persistence Market Research’s new publication titled “Medication Dispenser Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025), presents an opportunity analysis of the global medication dispenser market for the period 2017 to 2025. The labor-intensive job of dispensing medications at hospitals is now solved with unit-based automated dispensing machines – this is a big market opportunity. This also solves other major concerns such as delays in drug delivery. In contrast, automated dispensing machines are recognized as important characteristics of a safe medication distribution system as they provide a good balance between security, accessibility and inventory control of medications. Automated dispensing machines enhance first-dose availability and facilitate timely administration of medications by increasing their accessibility in patient care units. This benefit is particularly important in emergency departments and intensive care units. In addition, the single-access drawer feature of automated dispensing machines offers tighter control by allowing access to just one medication at a time.
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Key market finding – Increasing need for integrated healthcare infrastructure and rising need for quality healthcare boosting the market
The quality of healthcare provided to patients is changing as a result of technological upgrades, which are expected to further improve the quality and effectiveness of healthcare systems, increase productivity, and reduce healthcare costs and medical errors. Hospitals in developed countries are implementing methods to provide enhanced safety and efficacy in medication processes. Optimization of drug delivery through automated drug dispensing systems is on the rise in different hospital departments and ICUs. Rising competition among hospitals to provide quality care to patients is projected to drive revenue growth of the global medication dispenser market over the forecast period. Companies operating in the global medication dispenser market are actively engaging in mergers, acquisitions and partnerships in order to strengthen their product portfolio and increase market share. These companies are also focusing on the development of more advanced medication dispensing devices that can completely eliminate the risk of failure during medication.
- The analysts have considered market consolidation activities such as mergers and acquisitions, collaborations, partnerships, license agreements, patent transfer, which may influence market growth over the forecast period
- Capital expenditure on healthcare infrastructure in developing economies is also a factor expected to drive the market. It also rules out impact of extreme events in specific countries
- Regulatory impositions such as the rules and regulations imposed by various regulatory authorities such as U.S. Food and Drug Administration and European Commission could affect the market
- Currency fluctuations and changing taxation policies are likely to have a significant impact on market forecasting during the period of assessment
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
By End User
- Hospital Pharmacies
- Ambulatory Surgical Centers
- Nursing Facilities
By Product Type
- Pharmacy based ADS
- Ward based ADS
- Automated Unit Dose Dispensing
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Report Structure and Research Methodology
The analysts have taken into consideration micro-economic indicators such as medication dispenser market outlook, gross domestic product and others to arrive at the indicated market numbers. Top-down approach has been used to counter-validate the reached numbers, while bottom-up approach has been used to assess market numbers in the global medication dispenser market. Weighted average selling price (ASP) has been considered to deduce market values. The analysts have conducted systematic and exhaustive secondary research to acquire the required data points to arrive at the overall market numbers. The expert analyst team at Persistence Market Research has developed a list of market players across the value chain and created questionnaires for each node in the value chain to extract the required market information through primary research interviews. Data thus gathered is validated using the triangulation method, wherein secondary and primary research data as well as Persistence Market Research analysis contribute to the final data. Data in the report is represented using charts, infographics, and presentation of key findings by region, providing actionable insights for informed decision making.