Automated Dispensing Machines Market Size To Hit USD 5.5 Billion By 2024 : Grand View Research Inc.
San Francisco, 18 September 2019: The Report Automated Dispensing Machines Market By Application (Outpatient, In-Patient), By End Use (Hospitals, Retail Drug Stores And Pharmacies), By Operation (Centralized Pharmacy, Decentralized Pharmacy), And Segment Forecasts To 2024 The global automated dispensing machine market was valued at USD 2.9 billion in 2015 and is expected to reach a value of USD 5.5 billion by 2024, according to a new report by Grand View Research, Inc. The growing pressure on the pharmaceuticals due to reimbursement reduction and rapidly growing drug prices leads to inefficient supply chain and inventory management. The growing demand for automated systems, such as RFID cabinet and barcodes, facilitates real-time inventory and stock management, which is one of the pivotal factors expected to drive the market in the coming years. Furthermore, the increase in global geriatric population and prevalence of various chronic diseases, as well as high rates of hospi