Global Automated Dispensing Machines Market 2015-2019
About Automated Dispensing Machines
An automated dispensing machine is a computerized dispensing and drug storage device, which is used by healthcare facilities such as hospitals and pharmacies. These machines are located at the POC such as the ICU, the ward, and ED. The automated dispensing system is integrated with the main medication information system and functions as a decentralized distribution place in the hospital pharmacy. Along with proper medication storage and inventory control, these systems provide security for pharmaceuticals at the POC and can only be accessed by authorized personnel.
Technavio's analysts forecast the global automated dispensing machines market to grow at a CAGR of 7.43% over the period 2014-2019.
Covered in this Report
The report includes the present scenario and the growth prospects of the global automated dispensing machines market for the period 2015-2019. The market can be segmented into three categories: by application; inpatient automated dispensing and outpatient automated dispensing, by end-users; hospitals and retail pharmacies, and by operation; centralized and decentralized.
Technavio's report, Global Automated Dispensing Machines Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global automated dispensing machines market and its growth prospects in the coming years. The report includes a discussion of the key vendors.Key Regions
Technavio Announces the Publication of its Research Report – Global Automated Dispensing Machines Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Automated Dispensing Machines Market: Aesynt, CareFusion (wholly-owned subsidiary of Becton, Dickinson and Co.), OmniCell and ScriptPro
Other Prominent Vendors in the market are: Accu-Chart Plus Healthcare Systems, Avery Weigh-Tronix, Baxter Healthcare, Capsa Solutions, ForHealth Technologies, Innovation Associates, InterMetro Industries, Pearson Medical Technologies, Rice Lake Weighing Systems, RxMedic Systems, Swisslog, Talyst and Yuyama
Commenting on the report, an analyst from Technavio’s team said: “A centralized dispensing machine plays a vital role in supply chain management. This type of machine can deal with inventory in terms of monitoring operating costs, ordering costs, inventory costs, and handling costs. Users cannot keep excess medications or other supplies. To avoid this, vendors have started implementing just-in-time practices. However, this method does not completely eradicate dispensing errors. To further the level and accuracy of service, many vendors are incorporating Six Sigma practices into dispensing machine operations with the aim of achieving 99.99% accuracy. Thus, use of just-in-time and Six Sigma practices have become a recent trend in the market to remove dispensing errors and reduce costs.”
According to the report, the introduction of a mix of centralized and decentralized methods of operation has altered the market dynamics. Centralized machines prepare and distribute medications from a central location within a hospital while decentralized dispensing machines are placed in nursing units or wards, with a single decentralized pharmacy often serving several units or wards. These decentralized pharmacies receive medication stocks and supplies from the hospital’s central pharmacy unit. These methods of operation are expected to enhance the market's potential during the forecast period.Further, the report states that high procurement, repair, and maintenance costs, errors associated with automated dispensing systems, and increased regulatory scrutiny because of integration, however, pose challenges to the growth of the market.
Aesynt, CareFusion (wholly-owned subsidiary of Becton, Dickinson and Co.), OmniCell, ScriptPro, Accu-Chart Plus Healthcare Systems, Avery Weigh-Tronix, Baxter Healthcare, Capsa Solutions, ForHealth Technologies, Innovation Associates, InterMetro Industries, Pearson Medical Technologies, Rice Lake Weighing Systems, RxMedic Systems, Swisslog, Talyst, Yuyama