North America Automated Dispensing Systems Market

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.

North America Automated Dispensing Systems Strategic Insights

Strategic insights for the North America Automated Dispensing Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Automated Dispensing Systems Report Scope

North America Automated Dispensing Systems Regional Insights

The geographic scope of the North America Automated Dispensing Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The North America automated dispensing systems market accounted to US$ 814.69 Mn in 2019 and is anticipated to grow at a CAGR of 7.8% to account for US$ 1,479.76 Mn by 2027.

Key factors driving the 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 such as excessive use of overrides in cabinets with patient profiling and placing wrong program input are likely to pose a negative impact on the market growth.

Key Market Segments

Based on operation, the North America automated dispensing systems market is segmented into decentralized systems and centralized systems. The centralized systems segment held the largest share of the market in 2019; however, decentralized system is anticipated to register the highest CAGR in the market during the forecast period.

The North America automated dispensing systems market, based on application, is segmented into in-patient automated dispensing and out-patient automated dispensing. The in-patient automated dispensing segment held the largest share of the market in 2019; however, out-patient automated dispensing is anticipated to register the highest CAGR in the market during the forecast period.

Based on end user, the North America automated dispensing systems market is segmented into hospital pharmacies, retail pharmacies and others. The hospital pharmacies segment held the largest share of the market in 2019; however, the retail pharmacies segment is registered to dominate the segment at the highest CAGR in the market during the forecast period.

Major Sources and Companies Listed

Some of the major primary and secondary sources for North America Automated Dispensing Systems market included in the report are World Health Organization (WHO), US Food and Drug Administration (FDA), National Center for Biotechnology Information (NCBI) and others.

Reasons to buy the report

• To understand the North America automated dispensing systems market scope and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America automated dispensing systems market
• Efficiently plan M&A and partnership deals in North America automated dispensing systems market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America automated dispensing systems market
• Obtain market revenue forecast for market by various segments from 2019 to 2027 in North America.

North America Automated Dispensing Systems Market–

North America Automated Dispensing Systems Market– By Operation

• Decentralized Systems
• Centralized Systems

North America Automated Dispensing Systems Market– By Application

• Out-Patient Automated Dispensing
• In-Patient Automated Dispensing

North America Automated Dispensing Systems Market– By End User

• Retail Pharmacies
• Hospital Pharmacies
• Others
• United States

North America Automated Dispensing Systems Market– By Country

• United States
• Canada
• Mexico

Company Profiles

• Cerner Corporation
• Capsa Healthcare
• OMNICELL INC.
• ARxIUM
• Accu-Chart Plus Healthcare Systems