Feb 24, 2021   SOURCE: BusinessWire

Outlook on the Automated Dispensing Systems Global Market to 2027 - by Operation, Application, End-user and Country - ResearchAndMarkets.com

The "Europe Automated Dispensing Systems Market to 2027 - COVID-19 Impact and Analysis - By Operation; Application; End User, and Country" report has been added to ResearchAndMarkets.com's offering.

The European automated dispensing systems market was valued at US$459.30 million in 2019 and is projected to reach US$792.48 million by 2027; it is expected to grow at a CAGR of 7.1% during the forecast period.

The report highlights trends prevailing in the Europe Automated Dispensing Systems Market and the factors driving the market along with those that act as hindrances.

The Europe automated dispensing systems market, based on operation, is segmented into decentralized systems and centralized systems. The centralized systems segment held the larger share of the market in 2019. In the wake of the increasing incidence of deaths caused by medication errors, government bodies across the globe have started encouraging pharmacies and hospitals to implement advanced technologies for dispensing accurate dosage of medicines to treat medical conditions more effectively.

Hospitals are adopting advanced technologies such as automated dispensing systems to store, dispense, and track medicines in order to improve efficiency and patient safety. These systems enhance the efficiency of medication distribution and also minimize the medication errors in hospitals. As the majority of geriatric population suffers from various chronic diseases, there is increase in the demand for advanced medication.

Europe automated dispensing systems market is expected to grow owing to factors such as the presence of various domestic players, rise in awareness towards health and safety for reduction of medication errors, technological advancements and growing prevalence of chronic diseases during the forecast period. However, problems associated with automated dispensing systems such as excessive use of overrides in cabinets with patient profiling and placing wrong program input are likely to pose a negative impact on the market growth.

Reasons to Buy

  • To understand the Europe automated dispensing systems market scope and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe automated dispensing systems market
  • Efficiently plan M&A and partnership deals in Europe automated dispensing systems market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe automated dispensing systems market
  • Obtain market revenue forecast for market by various segments from 2019 to 2027 in Europe.

Market Dynamics

Drivers
  • Increasing Medication Errors
  • Rising Geriatric Population
Restraints
  • Problems Associated with Automated Dispensing Systems
Opportunities
  • Emerging Markets
Future Trends
  • Technological Developments

Companies Mentioned

  • Cerner Corporation
  • Capsa Healthcare
  • OMNICELL INC.
  • Accu-Chart Plus Healthcare Systems
  • Swisslog Holding AG
  • Willach Pharmacy Solutions

For more information about this report visit https://www.researchandmarkets.com/r/xjsnub