Automated Dispensing Cabinets Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

  • Single User License $3500

Automated Dispensing Cabinets Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : September, 2020 | Medical Devices | PPT format

Report Digest


Global Automated Dispensing Cabinets Market: Overview

Automated dispensing cabinets refer to those medical carts that are designed to cater to the need of healthcare professionals. These carts help in the reduction of time required to arrange medical supplies and thus streamline all the work and diminish all the expenses together. These dispensing carts are installed or they come as movable equipment that is utilized in the carrying of medical instruments and medical supplies for the purpose of medical emergencies management. Automated dispensing cabinets are made and designed to offer safety, comfort, efficiency and ability to the professionals in the healthcare industry. It, thus, betters the quality of nursing point care, which assists targeting the evolving needs of the healthcare sector. The automated dispensing cabinets are utilized in the offering of treatment to bedridden patients, thereby bettering the outcome of patients. The global automated dispensing cabinets market is likely to prosper on the back of multiple benefits that it offers to ensure better outcome of patients.

These cabinets enable hassle-free dispensing of medicine, which results in the reduction of errors in medication and thus ensures safety for the patients. Appropriate ergonomic design of the medical carts diminishes the chances of injuries caused by repetitive stress amongst the professionals in the healthcare industry. This factor is estimated to encourage growth of the global automated dispensing cabinets market over the period of analysis, 2019 to 2027.

Based on product, end user, and region, the global automated dispensing cabinets market has been classified over the forecast period of 2019 to 2027. The main objective of providing such a comprehensive report is to provide a deep insight into the market.

Global Automated Dispensing Cabinets Market: Notable Developments

The global automated dispensing cabinets market has witnessed some important and recent developments that played a significant role in shaping the course of the market in the last few years. An important development pertaining to the said market is mentioned below:

  • In December 2017, US-based Becton, Dickinson and Company (BD), a prominent medical technology organization, made an acquisition of C. R. Bard, Inc. The latter is a developer and marketer of medical technologies in the US. This acquisition is estimated to give rise to a new leader in the healthcare industry. The company, thus formed, is estimated to offer improved care for healthcare service providers and better treatment to the patients.

Some of the key market players of the global automated dispensing cabinets market are

  • Becton, Dickinson and Company
  • Capsa Solutions, LLC
  • Avery Weigh-Tronix
  • RxMedic Systems, Inc.
  • Cerner Corporation
  • Pearson Medical Technologies, LLC

Global Automated Dispensing Cabinets Market: Growth Drivers

Integration of Advanced Technologies to Provide Faster Service to Patients

The growth of the global automated dispensing cabinets market is likely to be influenced by the benefits offered by these cabinets. One of the major benefits of the automated dispensing cabinet is its offering of faster service, which eliminates the need for patients to wait for long to obtain medicines.

These days, information technology is integrated with the dispensing cabinets, which assists in the management of data pertaining to patients thereby creating electronic health records in a day. It also helps in faster billing transactions. In the healthcare industry, various types of automated dispensing cabinets with added features are utilized in healthcare units, such as laboratories, clinics, and hospitals.

However, one of major drawbacks of the system is that automated dispensing cabinets run on cloud technologies and as such, it is difficult to get this cabinet systems installed in poorer nations where technology and infrastructure are not developed enough to run this system.

Global Automated Dispensing Cabinets Market: Regional Outlook

In terms of revenue, North America market is anticipated to come up as one of the leading regions in the global automated dispensing cabinets market. Dominance of the North America region is ascribed to increased availability high-end products in the healthcare industry. In addition, expanding pool of patient population in the region is likely to emerge as another growth factor for the regional market. Rising number of hospitals and multi-specialty clinics and augmented penetration of leading market players in Asia Pacific is estimated to bolster growth of the regional market.

The global Automated Dispensing Cabinets Market is segmented as:

Vehicle

  • Centralized Automated Dispensing Systems
  • Decentralized Automated Dispensing Systems

Application

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.