Automatic Pill Dispenser Machine Market - Industry Growth, Trends, Outlook, and Analysis, 2018-2026

By AbhijitR    7 / Aug / 2018    In Category Healthcare

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Automatic Pill Dispenser (APD) machine is a medical device designed for home usage and works for pills and capsules of a variety of sizes. It reduces drug errors by automating the dosage process for patients, through the use of visual and auditory prompts. APD removes the need to pre-sort medication, by segregating each medication to a compartment and the machine can count each dosage, individually. APD is developed using CAD software, optical sensors, Arduino Mega Microcontroller, 3D printed parts, non-continuous and continuous servos, and a 5-inch LCD display interface. The machine has potential to decrease medication errors; while increasing the quality of life of its users and minimizing hospital visits and medical costs to some extent. Medication errors consist of failure in the drug dispensing process that is risky and complex. Furthermore, these errors result in lifetime disability and other adverse effects that increase healthcare costs and hospital stay. As per the U.S. Centers for Disease Control and Prevention data, 2015, around 91 people die each day from overdose of prescribed heroin and opioids.

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Automatic Pill Dispenser Machine Market: Market Dynamics

The global geriatric population is increasing significantly and is susceptible to numerous cardiac disorders such as cardiomyopathy, stroke, arrhythmias, and cardiac arrest. Furthermore, some degree of memory loss is common in this population. This can lead to dosage skip or overdose that can lead to health complications. Moreover, elder patients struggle to open medication packages, thereby needing an automated pill dispensing system. According to the Administration on Aging, in the U.S. by 2060, there will be around 98 million older persons, which is more than twice their number in 2013. As of 2014, 34% of the 4 million prescriptions filed, were for people over 65. This group also accounted for 30% of all over the counter drug use.

Centralized automated dispensing systems have seen increase in adoption in hospitals and other healthcare facilities. Increasing healthcare awareness, rapid growth of infections and chronic diseases such as blood pressure, asthma, and diabetes is expected to lead to high demand for automatic pill dispenser machine in all age group patients. Furthermore, growth in technological advancement for workflow optimization in hospitals and other healthcare centers drives the automatic pill dispenser machine market growth. However, high cost of machines can hinder automatic pill dispenser machine market growth.

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Automatic Pill Dispenser Machine Market: Regional Insights

Regional segmentation of automatic pill dispenser machine market by Coherent Market Insights, includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America automatic pill dispenser machine market is anticipated to account for the dominant position, due to rising geriatric population in the region. According to U.S. Department of Health and Human Services, the population aged over 85 years is projected to triple from 6.3 million in 2015 to 14.6 million in 2040. Moreover, according to a report by National Public Ratio (NPR), 119 million people in the U.S. took prescription drugs in 2017 for various disorders. These factors are expected to aid in growth of the market in the region.

Automatic Pill Dispenser Machine Market: Competitive Analysis

Major players operating in the automatic pill dispenser machine market include Becton, Dickinson and Company, Baxter International Inc., Capsa Healthcare, Cerner Corporation, McKesson Corporation, Omnicell Inc., Swisslog Holdings AG, ScriptPro LLC, Yuyama Co. Ltd., and Talyst, Inc.

Automatic Pill Dispenser Machine Market: Market Taxonomy

On the basis of product type, the automatic pill dispenser machine market is segmented into: Centralized Automated Dispensing Systems, Decentralized Automated Dispensing Systems,. On the basis of end user, the automatic pill dispenser machine market is segmented into: Hospitals, Home care setting,.

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