Major Regions on Automatically Medication Dispenses Market include North America, Europe, Asia Pacific, Middle East and Africa, and South America.
1 Global Automatically Medication Dispenses Market Forecast by Region (US$ Million) 2023-2028
In the global automatically medication dispenses market, North America is expected to remain the largest market in the coming years, followed by Europe, which together are expected to account for more than 70% of the global automatically medication dispenses market share.
The automatically medication dispenses market in North America was valued at USD 1,208.79 million in 2023 and is expected to grow to USD 1,879.67 million by 2028. The market value in this region is expected to grow at a robust growth rate, maintaining a CAGR of around 4.19% in North America during the forecast period (2023-2028). Reflecting the continued investment and growing demand for automatically medication dispenses technology in the region. This growth is driven by the aging population, technological advancements, and the constant quest to improve healthcare efficiency and reduce medical errors.
The automatically medication dispenses market in Europe region is valued at USD 860.97 Million in 2023 and is estimated to grow to USD 975.05 Million in 2024 and maintains an even growth rate in the following years and is expected to grow to USD 1442.96 Million by 2028. The growth of the European market can be attributed to the growing focus on improving the quality of healthcare and reducing costs, as well as the increased demand for automated and intelligent healthcare solutions.
The automatically medication dispenses market in Asia Pacific is valued at USD 479.32 Million in 2023, is expected to grow to USD 547.04 Million in 2024, will be projected to grow to USD 615.65 Million in 2025, followed by surpassing USD 750 Million in 2027, and is expected to grow to USD 857.79 Million by 2028. Growth in this region is being driven by economic growth, an aging population, and an increasing focus on improving the efficiency and quality of healthcare services.
The automatically medication dispenses market in the MEA region is valued at USD 64.65 Million in 2023 and is expected to grow slowly to USD 69.93 Million in 2024 and reach a market size of close to USD 90 Million in 2027 and is expected to grow to USD 98.83 Million by 2028. Gulf Cooperation Council Countries (GCC Countries) dominated the region with the market expected to be valued at USD 41.47 Million by 2028. Africa and other regions also show growth potential and are expected to reach a market value of USD 37.19 Million and USD 20.17 Million respectively by 2028. The market growth in this region is driven by increasing investments in healthcare infrastructure and focus on improving access to healthcare services.
The automated drug dispensing market in South America is projected to be valued at US$ 114.30 Mn in 2023, is expected to be US$ 124.75 Mn in 2024, and is projected to grow to US$ 187.04 Mn by 2028. Brazil is the largest market in the region and the market is expected to be valued at USD 68.16 Million by 2028. The markets in Argentina and Chile also show growth potential and are expected to be valued at US$ 28.17 Mn and US$ 16.33 Mn respectively by 2028.
Regarding the market share by region, North America leads the world with a share of 44.31% in 2023, followed by Europe with a share of about 31.56% in 2023, Asia-Pacific, Middle East & Africa, and South America with a share of 17.57%, 2.37%, and 4.19% in 2023, respectively. It is expected that the market share of each region will not change significantly by 2028, and Asia-Pacific will become the fastest-growing region, with a market share of about 19.21% in 2028, followed by Europe with a share of about 32.31%, while North America’s market share declines slightly to 42.09%, and the Middle East and Africa and South America remain basically unchanged at 2.21% and 4.19%, respectively.
Table Global Automatically Medication Dispenses Value (M USD) by Regions (2023-2028)
|
|
2023 |
2024 |
2025 |
2026 |
2027 |
2028 |
|
North America |
1208.79 |
1342.61 |
1454.53 |
1570.39 |
1721.87 |
1879.67 |
|
Europe |
860.97 |
975.05 |
1088.36 |
1199.92 |
1308.81 |
1442.96 |
|
Asia Pacific |
479.32 |
547.04 |
615.65 |
683.81 |
764.66 |
857.79 |
|
Middle East and Africa |
64.65 |
69.93 |
76.36 |
82.19 |
89.40 |
98.83 |
|
South America |
114.30 |
124.75 |
139.18 |
152.53 |
167.94 |
187.04 |
|
Total |
2728.04 |
3059.38 |
3374.09 |
3688.84 |
4052.68 |
4466.30 |
Table Global Automatically Medication Dispenses Value Market Share by Regions (2023-2028)
|
|
2023 |
2024 |
2025 |
2026 |
2027 |
2028 |
|
North America |
44.31% |
43.89% |
43.11% |
42.57% |
42.49% |
42.09% |
|
Europe |
31.56% |
31.87% |
32.26% |
32.53% |
32.29% |
32.31% |
|
17.57% |
17.88% |
18.25% |
18.54% |
18.87% |
19.21% | |
|
Middle East and Africa |
2.37% |
2.29% |
2.26% |
2.23% |
2.21% |
2.21% |
|
South America |
4.19% |
4.08% |
4.12% |
4.13% |
4.14% |
4.19% |
|
Total |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
2 North America Automatically Medication Dispenses Market Value by Countries (US$ Million) 2023-2028
The U.S. dominated the North America market with Automatically Medication Dispenses market share of around USD 1062.77 Million in 2023 and is expected to cross USD 1200.00 Million to reach USD 1276.64 Million in 2025 and continue to grow to reach USD 1375.82 Million in 2026 in the 2027 to reach $1506.64 Million and is projected to reach a market value of $1643.77 Million by 2028, whereas Canada and Mexico are projected to reach a market value of $160.90 Million and $75.00 Million respectively by 2028.
Table North America Automatically Medication Dispenses Value (M USD) by Countries (2023-2028)
|
|
2023 |
2024 |
2025 |
2026 |
2027 |
2028 |
|
United States |
1062.77 |
1180.29 |
1276.64 |
1375.82 |
1506.64 |
1643.77 |
|
Canada |
99.85 |
109.83 |
120.00 |
130.97 |
146.01 |
160.90 |
|
Mexico |
46.18 |
52.50 |
57.89 |
63.60 |
69.22 |
75.00 |
|
Total |
1208.79 |
1342.61 |
1454.53 |
1570.39 |
1721.87 |
1879.67 |
3 Europe Automatically Medication Dispenses Market Value by Countries (US$ Million) 2023-2028
The Europe automated drug dispensing market was valued at $860.97 million in 2023 and is expected to grow to $1442.96 million by 2028. Germany, the U.K., France, Italy, and Spain are the major markets in the region, and these countries are expected to collectively drive the growth of the market.
Germany shows strong growth momentum as the market is valued at USD 180.37 Million in 2023 and is expected to grow to USD 313.84 Million by 2028. The U.K. market is closely followed by the U.K. market, which is projected to grow from US$ 151.36 Mn to US$ 264.21 Mn. The market in France is also showing positive growth and is expected to grow from USD 130.35 Million to USD 214.57 Million. The markets in Italy and Spain, though relatively small, are also expected to grow, from $97.73 Million and $77.57 Million to $159.45 Million and $124.38 Million, respectively.
Various other countries, though having a smaller share in the Europe automated drug dispensing market, are projected to grow their total market value from $223.59 million to $366.51 million by 2028, indicating a growing demand for automated drug dispensing technology across the region.
Table Europe Automatically Medication Dispenses Value (M USD) by Countries (2023-2028)
|
|
2023 |
2024 |
2025 |
2026 |
2027 |
2028 |
|
Germany |
180.37 |
207.78 |
233.45 |
258.22 |
282.97 |
313.84 |
|
UK |
151.36 |
174.92 |
196.23 |
217.31 |
238.73 |
264.21 |
|
France |
130.35 |
146.45 |
163.04 |
179.03 |
195.01 |
214.57 |
|
Italy |
97.73 |
110.18 |
122.01 |
133.91 |
144.89 |
159.45 |
|
Spain |
77.57 |
85.61 |
94.58 |
103.31 |
111.25 |
124.38 |
|
Others |
223.59 |
250.10 |
279.06 |
308.14 |
335.97 |
366.51 |
|
Total |
860.97 |
975.05 |
1088.36 |
1199.92 |
1308.81 |
1442.96 |
4 Asia Pacific Automatically Medication Dispenses Market Value by Countries (US$ Million) 2023-2028
China and Japan are the largest markets in the region, with China projected to grow from US$ 164.16 Mn in 2023 to US$ 296.28 Mn in 2028, while the Japanese market is projected to grow from US$ 157.00 Mn to US$ 289.59 Mn. Market growth in these two countries will play a key role in market expansion across Asia Pacific.
The markets in India and South Korea, though relatively small, are also showing strong growth. The Indian market is projected to grow from $27.97 million to $46.66 million, while the South Korean market is expected to grow rapidly from $57.23 million to $104.48 million, making it the fastest growing country in Asia Pacific. The market in Australia and South East Asian countries is also expected to grow, from $30.31 million and $25.14 million to $53.35 million and $41.43 million respectively. Other countries, though having a smaller share in the Asia-Pacific automated drug dispensing market, are projected to grow from US$ 17.51 Mn to US$ 25.99 Mn in terms of market value by 2028, reflecting the growing demand for automated drug dispensing technology across the region.
Table Asia Pacific Automatically Medication Dispenses Value (M USD) by Countries (2023-2028)
|
|
2023E |
2024F |
2025F |
2026F |
2027F |
2028F |
|
China |
164.16 |
188.73 |
213.02 |
236.67 |
264.42 |
296.28 |
|
Japan |
157.00 |
181.13 |
204.58 |
228.73 |
257.00 |
289.59 |
|
India |
27.97 |
31.18 |
34.78 |
38.16 |
42.13 |
46.66 |
|
South Korea |
57.23 |
65.70 |
74.25 |
82.88 |
92.91 |
104.48 |
|
Australia |
30.31 |
34.35 |
38.23 |
41.99 |
47.26 |
53.35 |
|
Southeast Asia |
25.14 |
27.46 |
30.60 |
33.57 |
37.09 |
41.43 |
|
Others |
17.51 |
18.49 |
20.19 |
21.81 |
23.86 |
25.99 |
|
Total |
479.32 |
547.04 |
615.65 |
683.81 |
764.66 |
857.79 |
