Automated Dispensing Machine Market is expected to boost the growth of the market over the forecast period..

Automated dispensing machines market could be explored by type, operation, application, and geography. The market could be explored by type as Decentralized Automated Dispensing Systems and Centralized Automated Dispensing Systems. The “Centralized automated dispensing systems” segment led the automated dispensing machine industry in 2016 and is anticipated to maintain its dominance by 2024. The key factors that could be attributed to the growth of market includes an increase in acceptance of automatic pill dispenser in hospitals and other health care services for an effective workflow.

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The automated dispensing machine market could be explored based on the operation as Decentralized Pharmacy and Centralized Pharmacy. The key applications that could be explored in the automated dispensing machines industry include Retail Pharmacy, Hospital Pharmacy, and Home Healthcare. The “Hospital Pharmacy” segment led the market of automated dispensing machine in 2017 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes an increase in the occurrence of trauma and diseases cases in hospitals.

North America accounted for the major market share of automated dispensing machines in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growth in the prevalence of chronic and infectious diseases, the increase in a pool of the patient population, an increase in government investments for the development of improved healthcare services and R&D. North America is followed by Europe and Asia-Pacific region owing to the attention of key players in the developing economies and developments in healthcare infrastructure.