High Volume Dispensing Systems Market To Reach $4.50 Billion By 2030

High Volume Dispensing Systems Market Growth & Trends

The global high volume dispensing systems market size is expected to reach USD 4.50 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.1% from 2023 to 2030. Increasing number of prescriptions, growing disease burden, and recent technological advancements are some of the key drivers for the market. Rising incidence of dispensing errors is boosting the need for high volume dispensing systems in order to enhance patient safety.

Increasing adoption of pharmacy automation systems in retail pharmacies for dispensing large volume medications is one of the key factors fueling the demand for high volume dispensing systems. Surging demand for faster prescription processing and increasing government funding for the installation of these systems in hospitals are also stoking the growth of the market. Moreover, the soaring need for reduction in inventory discrepancies is further bolstering the demand for these systems.

Rising number of retail and mail order pharmacies is resulting in high volume of medication inventory. This, in turn, is creating an upswing in the adoption rate of high volume dispensing systems. Growing concerns regarding patient safety and increasing investments in pharmacy automation systems are also propelling the market. In addition, increasing demand for reduction of pharmacist workload is further expected to augment the market over the forecast period.

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High Volume Dispensing Systems Market Report Highlights

• Systems/cabinets dominated the market with a significant share in 2022. Soaring demand for effective pharmacy workflow coupled with growing concerns regarding the safe dispensing of medications is expected to augur well for the sales of high volume cabinets.

• High volume dispensing systems in retail pharmacies dominated the market with a share of 80.2% in 2022 and is expected to grow at the fastest CAGR of 8.3% over the forecast period.

• In terms of geography, North America dominated the market with a revenue share of 54.8% in 2022, owing to the presence of a large number of market players that increased the availability of these systems in the region, established healthcare infrastructure, and high prevalence of chronic diseases.

High Volume Dispensing Systems Market Segmentation

Grand View Research has segmented the global high volume dispensing systems market based on product, end-use, and region:

High Volume Dispensing Systems Product Outlook (Revenue, USD Million, 2018 - 2030)

• Systems/Cabinets

• Software Solutions

High Volume Dispensing Systems End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Retail Pharmacies

• Hospital Pharmacies

High Volume Dispensing Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Sweden

  • Norway

  • Denmark

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

  • UAE

  • Kuwait

List of Key Players of High Volume Dispensing Systems Market

• McKesson Corporation

• HEALTHMARK GROUP

• TCGRx

• R/X Automation Solutions

• ScriptPro LLC

• iA

• Omnicell, Inc.