Medical Vending Machine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Healthcare Vending Machine Market Supplies and it is segmented by Product (Benchtop Medical Vending Machine, Floor Standing Medical Vending Machine), End User, and Geography.

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Medical Vending Machine Market Size

Medical Vending Machines Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 7.10 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Medical Vending Machines Market Key Players

*Disclaimer: Major Players sorted in no particular order
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Medical Vending Machine Market Analysis

The global medical vending machines market was anticipated to grow with a CAGR of nearly 7.1% during the forecast period. The growing need of the 24/7 availability of medical necessities is boosting the product sales. The growth can also be attributed to the machines ability to deliver medicines quickly making it extremely convenient option for patients. In addition, flexibility, in terms of location with the option to operate without any manual intervention makes them ideal for use in hospitals and pharmacies. Medical vending machines are highly effective as they help save labor costs, which is also bolstering their demand.

Technological innovations, such as controlled access modules, secure drug storage, offsite control of all medications and big data integration, making the product easier and more convenient to use will also have a positive impact on the demand. With such advancements, medical vending machines can also now deliver disease specific requirements. In September 2019, Capsa Healthcare launched NexsysADC 4T Countertop Dispensing Unit, which is a countertop version of the automated dispensing cabinet.

However, lack of healthcare infrastructure in developing economies coupled with various risks associated with misuse and hacking    of medical vending machine may act as a major challenge for the industry.

Medical Vending Machine Market Trends

This section covers the major market trends shaping the Medical Vending Machines Market according to our research experts:

Pharmacies Segment is Expected to Witness a Healthy CAGR

  • Pharmacies by end user segment is expected to witness a healthy growth through the forecast period. The staffing issues where pharmacists need to attend every customer for prescription as well OTC drugs can be overcome by installation of medical vending machines. In addition, medical vending machines assist pharmacies in reducing the risk of diversions along with increased medication safety.
  • Moreover, mounting adoption of automatic medicine vending machines in pharmacies to increase medication availability through decentralized medication management acts as a major growing factor for the segment growth.
Medical Vending Machines Market Share

North America Dominates the Market and is Expected to Continue the Same during the Forecast Period

North America is leading owing to the presence of major market players. Furthermore, factors such as increasing healthcare infrastructure and technological advancements in medical vending machines are expected to drive the regional growth. Educational and community institutions in the region are making campaigns and educating individuals about various diseases and its management will boost the growth further.

Asia Pacific is projected to be a lucrative region for medical vending machines market. Increasing healthcare funding and government initiatives to promote the disease awareness are the major factors aiding regional growth. Furthermore, adoption of new technology in developing economies is also anticipated to boost the growth in near future.

Medical Vending Machines Market Growth Rate By Region

Medical Vending Machine Industry Overview

Key players operating in the market are Becton, Dickinson and Company, Capsa Healthcare, CVS Health, InstyMeds, Magex, Omnicell, Parata Systems, Pharmashop24 srl, ScriptPro LLC, Xenco Medical among others. These players are engaged in developing advanced solutions by integrating modern technologies, such as mobile payments to simplify the payment process, sensors to detect the motion of pills thereby enhancing the buying experience of customers.

Medical vending machine manufacturers are also involved in developing disease-specific solutions that can satisfy the requirement of customers with advanced features and functions. For instance, in March 2019, Xenco Medical launched surgical vending machine for spine surgery instruments and implants that ensured safe and effective dispense of spine surgery implant.

Medical Vending Machine Market Leaders

  1. Becton, Dickinson and Company

  2. Capsa Healthcare

  3. CVS Health

  4. InstyMeds

  5. Xenco Medical

*Disclaimer: Major Players sorted in no particular order

Becton, Dickinson and Company, Capsa Healthcare, CVS Health, InstyMeds, Xenco Medical
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Medical Vending Machine Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Dependency on Prescription Medicines in Remote Areas

      2. 4.2.2 Increasing Demand for Efficient Inventory Management

      3. 4.2.3 Technological Advancements In Medical Vending Systems

    3. 4.3 Market Restraints

      1. 4.3.1 Risk Associated With misuse and Hacking

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Benchtop Medical Vending Machine

      2. 5.1.2 Floor Standing Medical Vending Machine

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Retail Pharmacies

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Becton, Dickinson and Company

      2. 6.1.2 Capsa Healthcare

      3. 6.1.3 CVS Health

      4. 6.1.4 InstyMeds

      5. 6.1.5 Magex

      6. 6.1.6 Omnicell

      7. 6.1.7 Parata Systems

      8. 6.1.8 Pharmashop24 srl

      9. 6.1.9 ScriptPro LLC

      10. 6.1.10 Xenco Medical

    2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Medical Vending Machine Industry Segmentation

Medical vending machines are the automated machines used to dispense prescription drugs, medical devices and miscellaneous medical products by paying through an interface. The medical vending machines can be installed at a suitable place depending on the utility of the machine. Medical vending machines market is segmented by product type, end user and geography.

By Product Type
Benchtop Medical Vending Machine
Floor Standing Medical Vending Machine
By End User
Hospitals
Retail Pharmacies
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Medical Vending Machine Market Research FAQs

The Medical Vending Machines Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)

Becton, Dickinson and Company , Capsa Healthcare, CVS Health , InstyMeds and Xenco Medical are the major companies operating in the Medical Vending Machines Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Medical Vending Machines Market.

The report covers the Medical Vending Machines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Vending Machines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Medical Vending Machine Industry Report

Statistics for the 2024 Medical Vending Machine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medical Vending Machine analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Medical Vending Machine Market Report Snapshots

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Medical Vending Machine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)