Automatic Pill Dispensing Systems Market size to grow by USD 1.82 billion from 2022 to 2027, Increasing use of automatic pill dispensers at home is a major trend - Technavio
NEW YORK, Nov. 30, 2023 /PRNewswire/ -- The automatic pill dispensing systems market is expected to grow by USD 1.82 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 8.72% during the forecast period. The market is segmented by type (standalone pill dispenser and portable pill dispenser), application (hospital pharmacies, retail pharmacies, and home healthcare), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The growing aging population is a key factor driving market growth. Errors can occur when you keep track of complicated dosing schedules such as missing doses, taking incorrect amounts, or taking medicines at the wrong time, leading to hospital visits, the severity of illness, and even death. As a result, there is a strong demand in the older population for automated pill delivery systems. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a PDF Sample
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The automatic data capture (ADC) market size is estimated to grow at a CAGR of 11.75% between 2022 and 2027. The market size is forecast to increase by USD 36,478.13 million.
The Central Fill Pharmacy Automation Market size is estimated to grow by USD 480.41 million between 2022 and 2027 at a CAGR of 12.05%.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Application
Market Segmentation by Geography
Drivers, Challenges, & Trends
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