North America High Volume Dispensing Systems Market Size & Outlook
North America high volume dispensing systems market, 2018-2030 (US$M)
North America high volume dispensing systems market highlights
- The North America high volume dispensing systems market generated a revenue of USD 1,415.5 million in 2023.
- The market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, retail pharmacies was the largest revenue generating end use in 2023.
- Retail Pharmacies is the most lucrative end use segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 1,415.5 million |
| Market revenue in 2030 | USD 2,312.3 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Retail pharmacies |
| Fastest growing segment | Retail Pharmacies |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Retail Pharmacies |
| Key market players worldwide | McKesson Corp, HealthMark Group, Thornburg Small/Mid Cap Growth R4, ScriptPro, Omnicell Inc, iA Financial Corp Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 54.3% of the global high volume dispensing systems market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 850.5 million by 2030.
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High Volume Dispensing Systems Market Scope
High Volume Dispensing Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America high volume dispensing systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to high volume dispensing systems market will help companies and investors design strategic landscapes.
Retail pharmacies was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America high volume dispensing systems market based on retail pharmacies covering the revenue growth of each sub-segment from 2018 to 2030.
Technological advancements in the area of medication management in hospitals and pharmacy is expected to drive the demand for high volume automated dispensing system & software market in this region. For instance, Duke University Hospital in the U.S has adopted Omnicell’s XT series automated dispensing system in five of their hospitals.
Increasing incidence of medication errors is a threat to patient safety, which in turn may drive the demand for high volume dispensing system market in the region. Handling high-volume inventory can be a tedious and complex process for a pharmacist and medication errors may occur due to ineffective inventory management by pharmacists.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America high volume dispensing systems market , including forecasts for subscribers. This continent databook contains high-level insights into North America high volume dispensing systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America high volume dispensing systems market
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