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Automatic Pill Dispenser Market Size

  • Report ID: GMI2688
  • Published Date: Aug 2023
  • Report Format: PDF

Automatic Pill Dispenser Market Size

Automatic Pill Dispenser Market size was worth USD 2.7 billion in 2022 and is poised to exhibit 8.4% CAGR from 2023 to 2032 driven by the growing burden of diseases worldwide.

 

The surging prevalence of chronic conditions, including diabetes, cardiovascular diseases, and respiratory ailments has necessitated the use of multiple drugs on daily basis. Automatic pill dispensers provide systematic and effective methods for handling complex drug regimens, ensuring that patients follow their treatment programs. To that end, the rising illness burden, particularly the higher frequency of chronic disorders and the issues associated with drug administration.

The rising prices of automatic pill dispensers may impede the industry expansion to some extent. While automatic pill dispensers offer convenience and improved medication management, their prices can be unaffordable for some customers. Individuals with low financial means, such as elderly people on fixed incomes and those without limited insurance coverage, are disproportionately affected by affordability issues.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

Global market size for automatic pill dispenser was USD 2.7 billion in 2022 and is poised to exhibit 8.4% CAGR from 2023 to 2032 driven by the growing burden of diseases worldwide.

Centralized automatic pill dispenser industry size is set to reach USD 3.6 billion by 2032 owing to the rising need for preventing medicine shortages, reducing waste, and improving efficiency in the drug supply chain.

North America industry generated more than USD 1 billion in 2022 and is poised to grow steadily through 2032 due to the expanding aging population and favorable reimbursement policies.

Capsa Healthcare, ARxIUM Inc., Accu-Chart Plus Healthcare Systems, Inc., Cerner Corporation, Hero Health, Inc, ScriptPro LLC, Medipense Inc., InstyMeds Corporation, Medminder Systems, Inc, and McKesson Corporation are among the top firms engaged in the industry.

Automatic Pill Dispenser Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 342
  • Countries covered: 30
  • Pages: 180
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