- The key vendors in the global automated dispensing machines market 2015-2019 are Aesynt Inc., CareFusion (wholly owned subsidiary of Becton, Dickinson, and Co.), OmniCell Inc., and ScriptPro LLC.
London, 13 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global automated dispensing machines market 2015-2019. The rapidly growing rental business is a key trend observed in this market. Automated dispensing machines are extremely expensive and, as a result, many small business cannot afford to buy these systems. Renting these systems allow small businesses to take advantage of these machines so that they can eliminate inventory waste. Renting is increasingly gaining traction in the US and is expected to boost market growth during the forecast period. This market is expected to grow at a CAGR of 7.43% during the forecast period of 2014-2019.
Increasing awareness among major hospitals and pharmacies about the benefits of these systems will facilitate growth in this market. Automation helps hospitals and pharmacies to deal with the problem of limited space and workforce. Automation also helps in reducing the patient’s waiting time, lowering medication errors, and also aids in bringing down the operating cost for drugstores. All of these factors combined enhance the patient’s safety and also increases pharmacy productivity.
“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,” says Faisal Ghaus, Vice President of Technavio Research.
“Just-in-time practices do 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.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
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