High Volume Dispensing Systems Market Share

North America Market Statistics

High volume dispensing systems market in North America is anticipated to hold the largest share of 54.6% by the end of 2037. The market growth can be attributed to the presence of major players, established healthcare infrastructure, rapid technology improvements, and early adoption of such cabinets and software by hospitals and pharmacies in this region. Furthermore, the aging population and rising incidence of chronic illnesses also make it necessary to manage large prescription volumes efficiently, driving the market's expansion. For instance, in 2020, the number of elderly population reached 55.8 million, or 16.8% of the total population of the U.S.

The emphasis on patient safety and regulatory compliance within the U.S. healthcare system has led to an increased adoption of automated dispensing systems. These systems play a crucial role in ensuring accurate medication distribution, reducing medication errors, and improving overall patient care. Moreover, continuous technical innovation and a strong emphasis on enhancing pharmacy operations benefit the U.S. market.

The market growth is fueled by Canada’s well-established healthcare infrastructure and supportive government policies for healthcare automation and technological improvements. For instance, in July 2024, the government introduced the Connected Care for Canadians Act, Bill C-72. With the help of this Act, patients will be able to securely access their health data, empowering them to make better decisions and receive better care from Canadian healthcare providers.

APAC Market Analysis

Asia Pacific will encounter huge growth in the high volume dispensing systems market during the forecast period. The main drivers of the regional market expansion are the growing number of prescriptions, the rising number of licensed pharmacists, and ongoing initiatives to upgrade the healthcare system. In 2020, there were about 321,982 pharmacists in Japan. Medication inventory is expected to increase in the next years due to rising healthcare costs, an increase in the number of dispensing errors, and an increase in the burden of disease.

Furthermore, the Government of China’s emphasis on hospital bed counts reflects the country's growing healthcare system and the possibility of a rise in the use of high volume dispensing systems. The government implemented an ambitious plan, the National Plan of Health Care Service System (2015–2020), to improve the development of hospital bed supply, with a specific target of obtaining 6 hospital beds per 1000 population by 2020.

The need for effective systems and software to handle and dispense huge volumes of pharmaceutical inventory has increased in India due to the growth of retail and e-pharmacies. There were 50 e-pharmacies in India and industry estimates for 2019 have it at USD 0.5 billion, or two to three percent of all pharmacy sales in India. By 2025, the industry is projected to have grown at a compound annual growth rate of 44% to reach USD 4.5 billion.