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High Volume Dispensing Systems Market Worth $3.07 Billion By 2025: Grand View Research, Inc.
[November 06, 2018]

High Volume Dispensing Systems Market Worth $3.07 Billion By 2025: Grand View Research, Inc.


SAN FRANCISCO, November 6, 2018 /PRNewswire/ --

The global high volume dispensing systems market size is expected to reach USD 3.07 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.2% during the forecast period. Increasing number of prescriptions, growing disease burden, and recent technological advancements are some of the key drivers for the market. Rising incidence of dispensing errors is boosting the need for high volume dispensing systems in order to enhance patient safety.

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Increasing adoption of pharmacy automation systems in retail pharmacies for dispensing large volume medications is one of the key factors fueling the demand for high volume dispensing systems. Surging demand for faster prescription processing and increasing government funding for installation of these systems in hospitals are also stoking the growth of the market. Moreover, soaring need for reduction in inventory discrepancies is further bolstering the demand for these systems.

Rising number of retail and mail order pharmacies is resulting in high volume of medication inventory. This, in turn, is creating an upswing in the adoption rate of high volume dispensing systems. Growing concerns regarding patient safety and increasing investments in pharmacy automation systems are also propelling the market. In addition, increasing demand for reduction of pharmacist workload is further expected to augment the market over the forecast period.

Browse full research report with TOC on "High Volume Dispensing Systems Market Size, Share And Trends Analysis Report By Product (Systems/Cabinets, Software), By End Use (Retail Pharmacies, Hospital Pharmacies), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/high-volume-dispensing-systems-market

Further Key Findings From the Report Suggest: 

  • High volume dispensing cabinets emerged as the largest egment in terms of revenue in 2017 owing to increasing demand for efficient pharmacy workflow and rapid technological advancements
  • High volume dispensing systems in retail pharmacies commanded the largest revenue share in 2017 owing to rising number of prescriptions and increasing demand for reduction of pharmacy workload
  • In terms of geography, North America represented the leading revenue share in 2017. On the other hand, Asia Pacific is estimated to register the highest CAGR over the forecast period
  • Omnicell, Inc.; McKesson Corporation; Innovation Associates; TCGRx; and ScriptPro, LLC are the major players operating in the market.


Browse related reports by Grand View Research: 

  • Healthcare Electronic Data Interchange (EDI) Market - The global healthcare Electronic Data Interchange (EDI) market size was valued at USD 2.7 billion in 2016 and is expected to grow at a CAGR of 9.4% during the forecast period. 
  • Healthcare CRM Market - The global healthcare CRM market size was valued at USD 7.7 billion in 2016 and is expected to grow at a CAGR of 9.1% over the forecast period.
  • mHealth App Market - The mHealth app market size was valued at USD 4.19 billion in 2016 and is projected to grow at a CAGR of 44.2% over the forecast period. 
  • e-Pharma Market - The global e-Pharma market size was valued at USD 33.03 billion in 2016 and is projected to grow at a CAGR of 14.8% during the forecast period.

Grand View Research has segmented the global high volume dispensing systems market on the basis of products, end use, and country: 


  • High Volume Dispensing Systems Products Outlook (Revenue, USD Million, 2014 - 2025) 
    • Systems/Cabinets
    • Software Solutions
  • High Volume Dispensing Systems End Use Outlook (Revenue, USD Million, 2014 - 2025) 
    • Independent pharmacies
    • Hospital pharmacies
  • High Volume Dispensing Systems Regional Outlook (Revenue, USD Million, 2014 - 2025) 
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia-Pacific
      • China
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East Africa
      • South Africa

Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com



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