Automated Drug Kiosk Market Size is valued at USD 9.4 Bn in 2023 and is predicted to reach USD 24.6 Bn by the year 2031 at a 12.9% CAGR during the forecast period for 2024-2031.
Automated drug kiosks are a novel method of updating the pharmacy experience, providing advantages in terms of accessibility, efficiency, and patient contentment. With the progression of technology, it is probable that these kiosks will become more prevalent, leading to a greater alteration of the pharmaceutical dispensing environment. The development of the global automated drug kiosk market is projected to be propelled by the compelling economics of these systems. They offer heightened efficiency in medication dispensing, significantly saving pharmacists' time and thus fostering demand for automated drug kiosks in the foreseeable future. Also, these systems are Equipped with features such as facial recognition, medication image capture, biometrics, and barcode readers. These systems offer automated functionalities like insurance verification, prescription validation, remote insurance processing, labelling, vial capping, and backend data collection.
Additionally, the incorporation of these features enhances efficiency while substantially reducing reimbursement fraud and medication errors. These advantages are anticipated to impact the global automated drug kiosk market favourably. Moreover, the proliferation of automated drug kiosks may need more support from traditional brick-and-mortar pharmacies, which view these kiosks as potential competitors. Established pharmacies may lobby against the expansion of automated drug kiosks, leading to regulatory challenges and market entry barriers for kiosk operators.
The Automated drug kiosk market is segmented on the basis of product and application. Based on product, the automated drug kiosk market is segmented as Systems and Services. By drug type, the market is segmented into prescription medication dispensing kiosks, Over-the-counter (OTC), and other applications; the market is segmented into hospitals, retail pharmacies, and others.
It is anticipated that the service sector will command a substantial portion of the global Automated Drug Kiosk market in 2022. Service providers play a significant role by offering consulting services aimed at assisting healthcare facilities in evaluating their medication dispensing requirements and tailoring automated drug kiosk solutions accordingly. This involves conducting site assessments, identifying workflow needs, and suggesting the most suitable kiosk configurations. Through close collaboration with clients, service providers customize solutions to align with operational objectives and improve efficiency. By delivering consulting and customization services, service providers distinguish themselves in the market and capture a larger portion of the revenue.
The hospital's care segment is projected to grow at a rapid rate in the global Automated drug kiosk market. Hospitals are often busy environments where healthcare professionals need to prioritize patient care. Automated drug kiosks help streamline the medication dispensing process, allowing hospital staff to focus on other critical tasks while patients can independently collect their medications. Automated drug kiosks provide a convenient way for patients to access medications without having to wait in long lines at the hospital pharmacy. This is especially beneficial for patients who are discharged and need to quickly obtain their prescribed medications before leaving the hospital.
The North American automated drug kiosk market is expected to record a large market revenue share in terms of revenue in the near future. The increasing cost of healthcare in North America has led to a growing emphasis on cost containment and efficiency improvement measures. Automated drug kiosks offer a cost-effective solution for medication dispensing, reducing the need for manual labour and streamlining the workflow process. In addition, the Asia Pacific regional market is estimated to expand at a rapid rate in the global Automated drug kiosk market. Emerging economies in Asia-Pacific, including China and India, present significant opportunities for automated drug kiosk manufacturers. These countries are witnessing the rapid development of healthcare systems and the rising adoption of digital health technologies, creating a favourable market environment for automated drug kiosk deployment.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 9.4 Bn |
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Revenue Forecast In 2031 |
USD 24.6 Bn |
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Growth Rate CAGR |
CAGR of 12.9% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, Drug Type And End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
MedAvail Technoogies Inc., MedfriendRx, Stericycle Inc., ScriptPro LLC, Howell LL, Smart RX Systems, PickPoint, MC HealthGrid Pvt Ltd., Asteres Inc., Distributed Delivery Networks Corp., TES America LLC, Amerisource Bergen Corporation, Accu Chart Plus Healthcare Systems, Inc., Omnicell, Inc. and other market players |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Automated Drug Kiosk Market Snapshot
Chapter 4. Global Automated Drug Kiosk Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:
5.2.1. Systems
5.2.2. Services
Chapter 6. Market Segmentation 2: by Drug Type Estimates & Trend Analysis
6.1. by Drug Type & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Drug Type:
6.2.1. Prescription
6.2.2. Over the Counter (OTC)
6.2.3. Others (wellness products)
Chapter 7. Market Segmentation 3: by End-User Estimates & Trend Analysis
7.1. by End-User & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-User:
7.2.1. Retail Pharmacies
7.2.2. Hospitals & Clinics
7.2.3. Others (Workplaces, Ambulatory Care, Etc.)
Chapter 8. Automated Drug Kiosk Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
8.1.2. North America Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by Drug Type, 2019-2031
8.1.3. North America Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
8.1.4. North America Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.2. Europe
8.2.1. Europe Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
8.2.2. Europe Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by Drug Type, 2019-2031
8.2.3. Europe Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
8.2.4. Europe Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
8.3.2. Asia Pacific Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by Drug Type, 2019-2031
8.3.3. Asia Pacific Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
8.3.4. Asia Pacific Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.4. Latin America
8.4.1. Latin America Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
8.4.2. Latin America Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by Drug Type, 2019-2031
8.4.3. Latin America Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
8.4.4. Latin America Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2031
8.5.2. Middle East & Africa Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by Drug Type, 2019-2031
8.5.3. Middle East & Africa Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by End-User, 2019-2031
8.5.4. Middle East & Africa Automated Drug Kiosk Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. MedAvail Technoogies Inc
9.2.2. MedfriendRx
9.2.3. Stericycle Inc
9.2.4. ScriptPro LLC
9.2.5. Howell LLC
9.2.6. Smart RX Systems
9.2.7. PickPoint.
9.2.8. MC HealthGrid Pvt Ltd.
9.2.9. Asteres Inc.
9.2.10. Distributed Delivery Networks Corp.
9.2.11. TES America LLC
9.2.12. Amerisource Bergen Corporation
9.2.13. Accu Chart Plus Healthcare Systems, Inc.
9.2.14. Omnicell, Inc.
9.2.15. Other Prominent Players
Automated Drug Kiosk Market By Product Type-
Automated Drug Kiosk Market By Drug Type
Automated Drug Kiosk Market By End-User-
Automated Drug Kiosk Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
