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Medication Dispenser Market Expected To Value US$ 1,824.7 Mn By 2025

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Reformation in healthcare policies across various countries has resulted in enhancement of healthcare services, favoring the adoption of medication dispenser in hospitals. The change in the quality of healthcare services provided to patients is ma
Reformation in healthcare policies across various countries has resulted in
enhancement of healthcare services, favoring the adoption of medication dispenser in
hospitals. The change in the quality of healthcare services provided to patients is
mainly ascribed to ongoing technological advancements, which is simultaneously
elevating the effectiveness of healthcare systems. Such positive alterations are
helping healthcare organizations to increase productivity as well as mitigate
healthcare costs and medical errors. Further, hospitals are bound to offer quality care
to patients in order to stay competitive. Increasing adoption of novel medical
technologies such as Electronic medical record (EMR), Pharmacy Information
Systems (PIS), and Laboratory Information Systems (LIS) has led to the automation
of various procedures in hospitals.
Factors as such are anticipated to support the growing use of medication dispenser in
ambulatory surgical centers, hospitals and nursing homes. Moreover, the need to
eliminate manual task of dispensing medicines is further boosting the demand for
medication dispensing systems of late. As per the latest report published by
Persistence Market Research, the global medication dispenser market will reach a
valuation of US$ 1,824.7 Mn, riding at a CAGR of 7.0% over the forecast period
(2017–2025).
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PMR’s report, titled “Medication Dispenser Market: Global Industry Analysis (20122016) and Forecast (2017-2025)” also cites that the medication dispenser market in
North America will retain its top spot over the forecast period. The region is expected
to account for nearly 64.3% revenue share of the global market by 2017-end. This is
primarily owing to the rising geriatric population and availability of highly accurate
medication services in the region. During this eight years of the forecast, the region is
projected to expand at a CAGR of 7.2% and reach a market valuation of US$ 1,187.1
Mn. In addition, the contribution of the U.S. in the region’s market will remain
exceptionally high throughout the assessment period. Meanwhile, APEJ is expected
to register the fastest CAGR of 8.2% over 2025, primarily due to increasing per
capita income and a greater healthcare reach in many of the emerging countries in the
region.
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On the basis of product type, pharmacy based ADSs currently hold the largest share
of the global medication dispenser market in terms of revenue, and the trend is
projected to continue throughout the forecast period. Pharmacy based ADSs are
anticipated to account for 55.4% share of the market over the forecast period,
expanding at a CAGR of 7.5%.
By end-user, demand for medication dispenser is expected to remain robust from
hospital pharmacies in 2017 and beyond. Hospital pharmacies are anticipated to
account for around 61.9% share of the global market over 2025.
PMR in its report has profiled some of the leading companies operating in the global
medication dispenser market, which include: Becton, Dickinson and Company,
Omnicell Inc., Cerner Corporation, Capsa Solution LLC, InstyMeds Corporation,
PARATA SYSTEMS, LLC, TriaTech Medical Systems Inc., ARxIUM Inc., ScriptPro
LLC, YUYAMA Co.,Ltd, Howard Industries, Inc., Swisslog Holding AG,
Healthmark, Talyst, Robotik Technology, Tema Sinergie, Synergy Medical, RxMedic
Systems, Inc., Accu-Chart Plus Healthcare Systems, Inc., Medipense Inc.
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https://www.persistencemarketresearch.com/checkout/16393
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research
model is a unique collaboration of data analytics and market research methodology to
help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a
multi-disciplinary approach. At PMR, we unite various data streams from multidimensional sources. By deploying real-time data collection, big data, and customer
experience analytics, we deliver business intelligence for organizations of all sizes.
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