Automatic Pill Dispenser Market Size & Share, by Type (Centralized Automated Dispensing Systems, Decentralized Automated Dispensing Systems); Application (Hospital Pharmacy, Retail Pharmacies, Home Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Growth Drivers

• Surge in the prevention of chronic diseases - Medications for chronic diseases like Alzheimer's and prolonged diseases like Diabetes, medications are expected to be taken in different doses and at different timing that usually confuses the patient with the intake. According to the reports of the National Institute of Health issued in 2022, around 24 million people are diagnosed with Alzheimer's globally, and diabetes is said to capture around 700 million people by 2030. Since a large number of people have various intake prescriptions, an automatic pill dispenser could be a convenient device.
• Upgrading drugs failure to comply - Lack of compliance due to casual forgetting of the dosages of the prescribed treatments is another factor that leads to sub-standard usage. A fully automatic dispensing system for medications is safer and assists in maintaining the dosage schedules for patients with physical disabilities, neurological disorders, or conditions such as dementia.
• Technological advancements- The technological enhancements have created the need to come up with better and improved gadgets that could help on dispensing for physically and visually impaired patients. This factor is majorly required to prevent medication errors, thus, these devices used to provide reminders of the time to take pills have grown popular. World Health Organization Analysis from a study conducted in 2023 showed that there is an estimate of 237 million medication errors in one country annually and 66 million of these are considered clinically significant. The annual costs of ADE to the government, which could have been prevented, is USD106.64 million.

Challenges

• High costing - The costs of these dispensers remain relatively high, which might pose challenges, in adoption especially among small users or low-income earners. This is because of inbuilt features including centralized tracking of inventory, remote monitoring, and integration of the devices with other healthcare systems that are likely to reduce the usability of these devices and their adoption.
• Lack of awareness - It is evident that the prevalence of automatic pill dispensers is still a novelty for many people, clients and caregivers, and medical personnel among others. The lack of awareness about what is available and who has the scarcity could potentially slow the market and limit the possibility of people having access to automatic pill dispensers.