Dublin, Oct. 20, 2023 (GLOBE NEWSWIRE) -- The "High Volume Dispensing Systems Market Size, Share & Trends Analysis Report By Product (Systems/Cabinets, Software Solutions), By End-use (Retail Pharmacies, Hospital Pharmacies), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global high volume dispensing systems market is experiencing robust growth and is projected to reach a substantial USD 4.50 billion by 2030, with a strong compound annual growth rate (CAGR) of 8.1% from 2023 to 2030.
Key drivers of this market expansion include the increasing number of prescriptions, a growing disease burden, and recent technological advancements that enhance patient safety. The rising incidence of dispensing errors further boosts the demand for high volume dispensing systems.
Key Market Drivers:
- Prescription Growth: The market is being propelled by an increasing number of prescriptions, as well as a rising disease burden, highlighting the critical need for efficient dispensing solutions.
- Technological Advancements: Recent technological advancements are driving the adoption of high volume dispensing systems, helping to improve patient safety and streamline prescription processing.
- Pharmacy Automation: The adoption of pharmacy automation systems in retail pharmacies for dispensing large volume medications is a key factor fueling the demand for high volume dispensing systems. The need for faster prescription processing and government funding for system installations in hospitals are additional growth drivers.
- Inventory Management: High volume dispensing systems help reduce inventory discrepancies, making them a valuable asset in healthcare settings.
Market Segmentation:
- Product Dominance: Systems/cabinets are leading the market, driven by the demand for effective pharmacy workflow and the growing emphasis on safe medication dispensing.
- Retail Pharmacy Growth: High volume dispensing systems in retail pharmacies accounted for 80.2% of the market in 2022 and are expected to grow at a rapid CAGR of 8.3% over the forecast period.
Regional Insights:
North America currently dominates the market, with a revenue share of 54.8% in 2022. The region benefits from a large number of market players, a well-established healthcare infrastructure, and a high prevalence of chronic diseases.
The rising demand for patient safety, increasing adoption of pharmacy automation systems, and the need for faster prescription processing are propelling the global high volume dispensing systems market forward. Stay informed and competitive in this dynamic market by accessing the full report.
Companies Mentioned
- McKesson Corporation
- HEALTHMARK GROUP
- TCGRx
- R/X Automation Solutions
- ScriptPro LLC
- iA
- Omnicell, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 83 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.41 Billion |
| Forecasted Market Value (USD) by 2030 | $4.5 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. High Volume Dispensing Systems Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. High Volume Dispensing Systems Market Analysis Tools
Chapter 4. High Volume Dispensing Systems Market: Product Estimates & Trend Analysis
4.1. High volume dispensing systems Market: Key Takeaways
4.2. High Volume Dispensing Systems Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Systems/Cabinets
4.3.1. Systems/Cabinets market estimates and forecasts, 2018 to 2030, (USD Million)
4.4. Software Solutions
4.4.1. Software Solutions market estimates and forecasts, 2018 to 2030, (USD Million)
Chapter 5. High Volume Dispensing Systems Market: End-use Outlook Estimates & Trend Analysis
5.1. High Volume Dispensing Systems Market: Key Takeaways
5.2. High Volume Dispensing Systems Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Retail Pharmacies
5.3.1. Independent pharmacies market estimates and forecasts, 2018 to 2030, (USD Million)
5.4. Hospital Pharmacies
5.4.1. Hospital pharmacies market estimates and forecasts, 2018 to 2030, (USD Million)
Chapter 6. High Volume Dispensing Systems Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/l47udx
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