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By 2027, the automatic distribution system market is expected to reach 2.98038 billion US dollars

New York, USA, December 3, 2021/EINPresswire.com/-Based on insights from partners on "Automated Distribution System Market by 2027-Global Analysis and Forecast-New Markets by Operation, Application and End User" According to the research report, the market size is expected to increase from US$1.66578 million in 2019 to US$2.98038 billion by 2027; it is estimated that from 2020 to 2027, the compound annual growth rate is 7.6%. The report focuses on the general trend of the global automatic distribution system market, as well as the driving factors and constraints related to market growth.

Report coverage (details) Market size value (2019 US$1.66578 million) Market size value (2027 US$2.98038 billion) Growth rate (2020-2027 compound annual growth rate of 7.6%) Forecast period (2020-2027) benchmark Year (2020) Number of Pages (155) Number of Tables (46) Number of Charts (60) Market Segments Covered (By Operation, Application End User and Geography) Regional Scope (North America; Europe; Asia Pacific; Latin America); MEA ) Country coverage (United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina) Report coverage (revenue forecast, company ranking, competitive landscape, growth factors), And trends)

To obtain a sample PDF copy of the automated distribution system market, please visit: https://www.theinsightpartners.com/sample/TIPHE100000837/

Automatic medicine dispensing system, also called automatic medicine cabinet, is electronic medicine storage and dispensing equipment, mainly used in healthcare environment. These systems help track and control drug distribution; they are protected by verified passwords and biometric technology for inventory control and drug theft security. These systems have been highlighted as one of the potential tools to improve operational efficiency and patient safety. In addition, they are now widely used in clinics and nursing homes. Automated dispensing systems help transform hospitals into safer, more efficient and effective institutions.

Each year, the U.S. Food and Drug Administration (FDA) receives more than 100,000 reports of medication errors. In addition, according to the "Medication Errors" study published in StatPearls in June 2020, approximately 7,000-9,000 people die each year in the United States due to medication errors. Similarly, according to estimates published in the 2018 study on the prevalence and economic burden of medication errors in the NHS in England, there are about 237 million medication errors in the NHS each year, and avoidable adverse drug reactions (ADRs) cause hundreds of deaths.

Unreasonable, inappropriate, and ineffective dispensing of medications may cause serious medication errors and harm patients. Some common medication errors are dispensing mistakes, dispensing quantity mistakes, dispensing strength medicine mistakes, and project omissions. About 75% of medication errors are caused by distractions because healthcare professionals perform multiple tasks such as checking patients, talking with consultants, talking with patients’ families, and talking with insurance professionals.

COVID-19 first began in Wuhan (China) in December 2019, and has since spread rapidly around the world. In terms of confirmed cases and reported deaths, the United States, India, Brazil, Russia, France, the United Kingdom, Turkey, Italy and Spain are some of the most affected countries. Due to lockdowns, travel bans and business closures, COVID-19 has been affecting the economies and industries of various countries.

Download the latest COVID-19 analysis on the automated distribution system market growth research report: https://www.theinsightpartners.com/covid-analysis-sample/TIPHE100000837

According to the operation, the automatic distribution system market is divided into decentralized systems and centralized systems. Due to the continuous growth of factors such as reducing costs, ensuring drug supply and realizing the modernization of resource allocation, the centralized system part occupied a larger market share in 2019. In addition, it is expected that the decentralized system will achieve a greater compound annual growth rate in the market during the forecast period.

According to the application, the automatic dispensing system market is divided into inpatient automatic dispensing and outpatient automatic dispensing. The inpatient automatic dispensation market accounted for a larger market share in 2019; however, outpatient automatic dispensation is expected to record a higher compound annual growth rate during the forecast period.

According to end users, the automated dispensing system market is divided into hospital pharmacies, retail pharmacies, etc. The hospital pharmacy sector accounted for the largest market share in 2019; however, the retail pharmacy sector is expected to record the highest compound annual growth rate in the market during the forecast period.

Automatic distribution system market: competitive landscape and key developments

Cerner Corporation, Capsa Healthcare, Omnicell, Inc, BD, ARxIUM, Accu-Chart Plus Healthcare Systems, Inc, Innovation Associates, RxMedic Systems, Inc, Swiss log Holding Ltd and Willach Pharmacy Solutions GmbH are leading companies operating in the automated dispensing system market .

To order a copy of the 2020-2027 automatic distribution system market share, strategy and forecast research report, please visit: https://www.theinsightpartners.com/buy/TIPHE100000837/

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About us: Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients obtain solutions that meet their research needs through our joint and consulting research services. We focus on industries such as semiconductors and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare IT, manufacturing and construction, medical equipment, technology, media and telecommunications, chemicals and materials.

Press release: https://www.theinsightpartners.com/pr/automated-dispensing-systems-market More research: https://daulatguru.com/author/theinsightpartners/

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