Automated Dispensing Machines Market Key Segments, Size and Future Potential

1. Medical Devices What are Factors Expected to Drive Progress of Automated Dispensing Machines Market in Asia- Pacific (APAC) in Future? © P&S Intelligence. All rights reserved Page 1

2. The surging incidence of medication errors is one of the major factors responsible for the increasing sales of automated dispensing machines across the globe. The prescription of inaccurate dosage of drugs to the patients is one of the major types of inpatient medication errors in healthcare settings and it has been found to cause adverse medication reactions and side effects in a large number of patients around the world. As per the National Center for Biotechnology Information (NCBI), nearly 7,000–9,000 deaths are caused due to medication errors in the U.S. every year. Request to Get the Sample Pages at: https://www.psmarketresearch.com/market- analysis/automated-dispensing-machines-market/report-sample The soaring geriatric population is also propelling the requirement of automated dispensing machines across the world. As per the National Institutes of Health, the population of people in the age group 65 years and above was found to be 8.5% of the total population of the world in 2015. Furthermore, this share is predicted to rise to 17% by 2050. As per the Population Reference Bureau, the population of geriatric Americans is expected to increase from 46 million to more than 98 million from 2014 to 2060. Owing to the above-mentioned reasons, the revenue generated from the global sales of automated dispensing machines is predicted to rise from $1.4 billion to $2.3 billion from 2018 to 2024. The global automated dispensing machines market is predicted to progress at a CAGR of 7.8% during the forecast period (2019—2024). There are mainly two types of automated dispensing machines used throughout the world— centralized and decentralized systems. Between the two, the decentralized systems are predicted to register faster growth in usage during the forecast period, primarily because of the increasing hospitalization rates all over the world. Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry- url=automated-dispensing-machines-market Geographically, the automated dispensing machines market is predicted to register the fastest growth in the Asia-Pacific (APAC) region during the forecast period. This is mainly credited to improving healthcare facilities and infrastructure and the rising focus of the various automated dispensing machines producing companies toward the expansion of their business operations in the region. In addition to this, the governments of various APAC countries are increasingly taking numerous initiatives for installing these advanced systems in the healthcare settings, which is further boosting the sales of these devices in the region. © P&S Intelligence. All rights reserved Page 2

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