Medical Dispenser Market Perspective, Comprehensive Analysis, Growth and Forecast 2018-2028

The practice of healthcare is dynamic in nature, and the demand for increased efficiency in drug dispensation count and the need for elimination of life-threatening human errors worldwide are anticipated to act as the primary influencing factors behind the growth of the medical dispenser market through the forecast period.

Concerns Over Medication Errors by Healthcare Professionals to Drive the Growth of the Medical Dispenser Market

According to the Institute of Medicine over 5000 deaths take place every year worldwide due to human errors in the medicine dispensation process, which arise from negligence or lack of skilled resources for the task. The growing number of patients and their individual needs of treatment make the dispensation of medicines a complex and detail oriented process. As a result of this, dispensing errors are considered as one of the leading causes of medicine related deaths globally.

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Growing concerns over the correct distribution of medication has ensured that preventive technologies such as medication dispensers are gaining ever increasing prominence in the healthcare industry. They enable error-free dispensing of medicines and ensure patient safety consistently.

The market is finding increasing application with an ever-growing geriatric population as medical dispensers enable reminders and dispense precise amounts of medications at pre-programmed times, thereby reducing the chance of an under dose or overdose that might arise from forgetfulness.

The rising number of hospitals and other healthcare facilities worldwide is having a directly proportional impact on the medical dispenser market, owing to the preference for an efficient workflow to deal with diseases and trauma cases.

Key Companies Focus on Technological Innovations in the Medical Dispenser Market

Major players in the medical dispenser market are focusing on technological innovation to improve on consumer experience and build on market share.

  • Innovation Associates has introduced advanced robotics systems, and functionality of scalability in their PharmASSIST ROBOTx dispensing system. The system allows easy expansion of dispensers ranging anywhere between 70 and 140, an intuitive user interface, and preprogrammed access protocols that eliminates cross contamination and improved accuracy through automated calibration. The system also allows reports for every individual dispenser and is also built with intelligent data mining function to create best practices and increase profitability.
  • Omnicell ® XT Automated Dispensing Cabinets have provided additional perks to healthcare providers such as in built printers for medication labels, temperature monitor, remote medication management software, superior encryption for data protection and expansive integration with healthcare record systems for faster and customized treatments for every patient.
  • Philips has released an automated medication dispensing service. This product is made for home use and is targeted towards senior patients. It allows flexibility in dispensing medicines, controlled access for safety, alerts for timely doses, easy to use interface and a rechargeable battery for improved portability.

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