The rising pressure on the pharmaceutical companies owing to reduced reimbursement and steep rise in the prices of drugs has resulted in the inappropriate and inefficient supply chain and management of inventory. A rise in the demand for automated systems, such as RFID barcodes and cabinet, helps in the management of stock and real-time inventory. These factors are expected to support growth of the global automated dispensing cabinets market over the timeframe of analysis.
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There has been a considerable rise in the geriatric population and increased occurrences of various chronic diseases are expected to work in favor of the market. High rates of hospitalization are putting significant pressure in retail drug stores and hospital pharmacies. Rise in the number of prescriptions together with dearth of skilled pharmacists is likely to come up as another growth factor for the global automated dispensing cabinets market.
Integration of High-end Technological Innovations to Popularize ADC in the Near Future
Over the years, the demand for advanced technologies in the medication dispensing system has been on the rise to do away with long waiting hours and mismanagement of drugs. This factor is expected to drive the rate of usage of various pharmacy automation systems, such as retrieval, storage, and dispensing. Automated dispensing machines are basically the computer regulated medications storage units. These are also known as automated medication dispensing cabinets or ADC. With the implementation of this system, it is expected that patient care will be much benefitted through efficient and timely dispensing of prescriptions for several controlled substances. These machines are capable to diminishing the medication costs arising from the wastage owing to discontinued drug therapy and are likely to work in favor of the global automated dispensing cabinets market.
These systems provide more security as it integrates high-end biometric systems, such as fingerprint readers, password authentication. As such, only authorized persons can have access to such systems, thereby ensuring high security. Rise in the geriatric population is estimated to be another important growth factor for the market in the times to come.
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