Medicine Automated Dispensing Cabinets Market Analysis- Opportunities Sales, Revenue, Gross Margin, Outlook And Forecast To 2022

Published On:July 3, 2017, 3:59 pm

automated dispensing cabinet (ADC)An automated dispensing cabinet (ADC) is a programmed drug storage machine/cabinet specially designed for hospitals. ADC is decentralized drug distribution system that provides computer- commanded storage, dispensing, and controlling and tracking of medicines. ADCs were first introduced in hospitals in the 1980s, which were designed to replace non-automated floor stock storage. They have eased the conversion to substitute delivery models and more decentralized drug distribution systems. Conventionally, hospitals have rendered medicines for patients by filling patient-precise cassettes of unit-dose that were then deported to the nursing unit and stored in medication carts or cabinets.

ADCs have helped to the accountability of the inventory and improve patient safety, restructure certain payment and billing processes which ultimately lead to amplified nursing and patient satisfaction. ADCs can be designed and customized to meet the exact needs of the nurses and pharmacists that use them. They are designed according to the order placed by the hospital or pharmacy. The customization can be done for whatever the cabinet will be particularly used for and the drawers are available in a range of configurations including locked, matrix, and sensing.

In 2015, the global medicine automated dispensing cabinets’ sales market was valued approximately USD 2.9 billion. It is expected to maintain lucrative growth pace with compound annual growth rate of 7% during the forecast period. According to some reports, hospitals spend about 70% to 75% on their pharmacy department. The increasing death rate caused by consumption of expired drugs, adverse effects on patients' health due to lack of proper monitoring of supply levels and inventory management and rapidly growing number of patients are some of the critical factors escalating the level of complexity in the drug distribution system, which result in escalating demand for automated dispensing machines.

Also, the growing demand for proper order management, automation in medicine distribution system, and real-time inventory tracking are some of the factors indicating the further increasing need for automated dispensing machines to curtail excess inventory and satisfy patient requirements. The only restraining factor for this market industry is the high cost of these ADCs for the small hospitals and healthcare organizations in remote and rural areas.

The key market vendors for global medicine automated dispensing cabinets’ sales market are Omnicell, Inc., Script Pro LLC, BD Medical Technology, Pearson Medical Technologies, Willach Group, Takazono Corporation, RxMedic Systems, YuyamaUsa, Inc., Baxter and Capsa Solutions LLC., Cerner Corporation, Dickinson and Co., TOSHO Co., Inc. and Aesynt. According to types, the market industry is classified as; General ADCs, Tablet ADCs, Dose ADCs and Vial ADCs.  By applications, the market is split into; Hospital and Retail Pharmacies. Geographically, the global market is segmented into regions which are United States, China, Europe, Africa, Japan, Southeast Asia, India and rest of the world.

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