Automated Dispensing Machine Market Size, Share, and Industry Analysis, By Product Type (Centralized Automated Dispensing Systems and Decentralized Automated Dispensing Systems), By Application (Outpatient and In-patient), By End Users (Pharmacy, Healthcare Facilities, and Retail Stores), Regional Forecast, 2024-2032

Automated dispensing machines are specialized vending machines for healthcare facilities that store, dispense, and track medications in healthcare facilities. The systems are designed to enhance the efficiency and safety of dispensing processes. The machines are commonly finding their application in hospitals and healthcare facilities to safely dispense medications.

Increasing government roles in healthcare systems and rising healthcare spending across various regions boost the product demand in medical facilities. The adoption of advanced technologies such as IoT and AI in dispensing machines is set to further fuel the market growth. Urbanization, rapid industrialization, and rising investment in healthcare infrastructure boost the demand for automated solutions across the healthcare sector. For instance, according to Eurostat, 50.7% of the total healthcare expenditure in the European Union was financed by compulsory schemes and savings accounts in 2021.

Automated solutions minimize the risk of human error and enhance dispensing tasks. Medical inventory management is witnessing strong growth owing to the use of efficient and automated solutions across various regions. Supportive government regulations and policies are further mandating the installation of automated dispensing solutions. The COVID-19 pandemic boosted the industry growth owing to the rising need for contactless dispensing solutions and reduced risk of viruses to enhance patient safety.

The rising geriatric population and chronic diseases are witnessing growth across rural and urban areas. For instance, according to the National Center for Biotechnology Information, India, around 17% of the elderly in rural areas and 29% in urban areas suffer from a chronic disease in 2022. This has further resulted in the adoption of automated dispensing machines in healthcare and medical facilities for safe distribution processes. Continuous technological improvements, functional enhancements, improved medication management, and preference toward patient safety are a few of the prominent factors driving the growth of the automated dispensing machines market.

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by Key Players


• Impact of COVID-19 on the Automated Dispensing Machine Market


• Consolidated SWOT Analysis of Key Players

Segmentation

Analysis by End Users

By end users, the market has been classified into pharmacy, healthcare facilities, and retail stores.

The healthcare facilities segment records the highest market share. Automated dispensing machines streamline medication distribution processes, optimize operating costs, and enhance efficiency in healthcare facilities. The systems enable secure storage and medication usage tracking and enhance operational efficiency in healthcare settings. These machines further reduce the risk of medication errors and offer security features such as biometric scans and password protection.

Manufacturing companies are also focusing on robotics technology to improve dispensing machine’s operational performance. For instance, Hanmi Pharmaceutical Co., Ltd. introduced an automated drug dispensing machine with a robotic arm independently developed by JVM in October 2023.

Regional Analysis

The global automated dispensing machine market has been studied across five regions: North America, Asia Pacific, the Middle East & Africa, Europe, and South America.

The market is dominated by the North American region as a result of the growing number of patients and rising pressure on conventional dispensing systems. Growing chronic diseases have led to a rise in healthcare spending. For instance, according to the World Health Organization 2023, 74% of the deaths are caused due to non-communicable diseases. Several government bodies are also boosting the demand for automated dispensing systems through supportive initiatives and subsidies for market stakeholders.  

Rising investment in healthcare automation and advanced medication dispensing machines, technological advancements, and emphasis on medical services are all driving the adoption of automation across healthcare and other facilities. Owing to several such factors, the demand for automated machines is growing at a rapid rate in the Asia Pacific. Increasing demand for high-speed medication systems is set to further boost the demand for automated solutions across the Asia Pacific region.

Distribution of the Automated Dispensing Machine Market, By Region of Origin:

• North America – 36%


• South America – 7%


• Europe – 29%


• Middle East & Africa – 4%


• Asia Pacific –24%

Key Players Covered

The key players in the market include Omnicell, Inc., BD, ScriptPro LLC, Avery Weigh-Tronix, PEARSON MEDICAL TECHNOLOGIES, Accu-Chart, Baxter, Capsa Healthcare, Touch Point Medical, Tosho Inc., and Fisnar Inc.     

Key Industry Developments

• February 2023: GH, an Indian manufacturer, installed automated drug dispensing machines at the Rajiv Gandhi Government General Hospital in Chennai, India. The machine dispenses drugs for several conditions on a pilot basis.


• December 2021: Omnicell Inc. acquired ReCept Holdings amounting to about USD 100 million. ReCept is a specialty pharmacy management services provider for health systems and qualified health centers.