Automated Dispensing Machines Market To Value $3,941.9 Million in 2030



The automated dispensing machines market is growing due to the increasing cases of medication errors, booming geriatric population, technological improvements in such systems, rising incidence of chronic ailments, surging number of patent approvals, and government initiatives to have such equipment in medical settings. Resultingly, the market value in 2020 was $1,673.0 million, and it will be $3,941.9 million in 2030. This revenue increase will likely be at a CAGR of 9.1% between 2021 and 2030 (forecast period).



The application segment of the automated dispensing machines market is bifurcated into in-patient and out-patient, of which the in-patient bifurcation was the larger during the historical period (2015–2020). This is attributed to the surging prevalence of chronic diseases and other issues, such as severe accidents and burns, which usually require people to be admitted to the hospital. Hence, due to the increasing cases of hospitalization, the installation of such systems in in-patient settings is rising fast.



Pharmacies and hospitals are the bifurcations of the market on the basis of end user. Of these, hospitals held the larger share in 2020 as these places are witnessing an increasing footfall. As hospitals employ trained professionals and boast cutting-edge medical equipment and systems, patients trust them the most for disease treatment and consultation. With governments taking initiatives to increase the access to quality healthcare, they are constructing more hospitals every year, which will keep driving the growth of this category during the forecast period.



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