Market Challenges And Opportunities

Automatic Pill Dispenser Machine Market: Market Dynamics

The global geriatric population is increasing significantly and is susceptible to numerous cardiac disorders such as cardiomyopathy, stroke, arrhythmias, and cardiac arrest. Furthermore, some degree of memory loss is common in this population. This can lead to dosage skip or overdose that can lead to health complications. Moreover, elder patients struggle to open medication packages, thereby needing an automated pill dispensing system. According to the Administration on Aging, in the U.S. by 2060, there will be around 98 million older persons, which is more than twice their number in 2013. As of 2014, 34% of the 4 million prescriptions filed, were for people over 65. This group also accounted for 30% of all over the counter drug use.

Centralized automated dispensing systems have seen increase in adoption in hospitals and other healthcare facilities. Increasing healthcare awareness, rapid growth of infections and chronic diseases such as blood pressure, asthma, and diabetes is expected to lead to high demand for automatic pill dispenser machine in all age group patients. Furthermore, growth in technological advancement for workflow optimization in hospitals and other healthcare centers drives the automatic pill dispenser machine market growth. However, high cost of machines can hinder automatic pill dispenser machine market growth.