North American Market Statistics
North America region in automatic pill dispenser market is expected to dominate revenue share of around 34% by the end of 2037. This region is anticipated to uphold its dominance in the market throughout the projected period because more and more practitioners in the healthcare industry are integrating advanced technology into the condition of patients to enhance comfort. There is also a mammoth customer base supported by the high growth of the geriatric population and chronic diseases contributing to the growth of this market in the region.
According to a report, the US reported 162 deaths per 100,000 citizens, majorly due to heart conditions. Hence, automatic pill dispensers help to improve patient safety, medication adherence, and workflow efficiency in healthcare settings-especially hospitals-dominating the US market. Another factor supporting market growth is the universal coverage provided by the US healthcare system and the promotion of access to medication management solutions.
APAC Market Analysis
Asia Pacific industry is predicted to account for largest revenue share of 44% by 2037. The booming population and increasing prevalence of chronic diseases like diabetes, hypertension, and neuromuscular disorders in countries like India and China are therefore leading to higher demands for advanced solutions in medication management. Growing awareness for automatic pill dispensers, good healthcare infrastructure, and favorable government initiatives are boosting the growth of the market in the Asia-Pacific region.
With a large population and demand for drug delivery devices and distribution, China holds the largest market share in the region. China is now covering around 90% of its citizens in its public healthcare system. Improving healthcare infrastructure in China, increasing awareness of automated pill dispensers and supportive government initiatives continue to boost this market.
South Korea has been making efforts towards technological innovations and upgrading of the infrastructure of health care. For instance, South Korean hospitals had 12.77 beds per 1,000 people as recorded in 2021, which was 2nd highest after Japanese hospitals. Increasing awareness among the population of South Korea and the focus on patient safety and care driving the integration of automatic pill dispensers into healthcare facilities fueling the growth of this market.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?