For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Medical Vending Machines market:
According to our latest research, the global Medical Vending Machines market looks promising in the next 5 years. As of 2022, the global Medical Vending Machines market was estimated at USD 473.9 million, and it's anticipated to reach USD 612.23 million in 2028, with a CAGR of 4.36% during the forecast years.
Medical vending machines are automated machines used to distribute Benchtop Medical Vending Machine, medical devices, and other medical products through interface payment. The medical vending machine can be installed in a suitable position according to the purpose of the machine.
With the rise of the vending machine industry, medical vending machines have gradually appeared in the sight of the public. Medical vending machines are an excellent way to sell daily medicines and related products (such as paracetamol) and products that relieve indigestion and heartburn. These products are usually small and beautifully packaged, so they can be delivered through a range of compact machines. The vending machine is simple and can be completely mechanical, battery operated, or connected to a power source. This possibility provides maximum flexibility in terms of location and space. If you need a complete retail experience (such as an NHS or pharmacy environment), you can also use floor-standing vending machines, which can provide a wider range of product vending machines at a higher price. A series of basic first aid and related items, such as plasters, disinfectant creams, eye drops, cold sores treatment agents, etc. can be delivered in this way.
Market Drivers
The growing demand for 24/7 supply of medical necessities has boosted the sales of medical vending machines. This growth can also be attributed to the ability of the machine to deliver drugs quickly, making it a very convenient option for patients. In addition, the flexibility of location and the option to operate without any manual intervention make them very suitable for use in hospitals, clinics and pharmacies. Medical vending machines make the purchase of medicines very convenient. Medical vending machines are very effective because they help save labor costs, which also promotes their demand. In addition, the improvement of people's health awareness will also promote the growth of market demand for medical vending machines.
Market Development Constraints
The use and maintenance of medical vending machines require high costs, which will limit the development of the medical vending machine industry. Especially in some developing countries, despite the lack of medical infrastructure, high investment requirements for installation and maintenance. This is expected to restrain the global medical vending machine market during the forecast period.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
TCN is one of the major players operating in the Medical Vending Machines market, holding a share of 2.8% in 2021.
TCN is a national high-tech enterprise and a national import and export enterprise specializing in providing high-quality vending machine products and self-service retail terminal system solutions. It has an independent research and development center, domestic advanced sheet metal production line, fully automatic environmentally friendly spraying line, assembly line and various precision CNC testing equipment. Committed to building a global super-large-scale vending machine production base. Provide high-quality, full-series vending machine products for the world, and provide subdivided products and professional self-service retail solutions for different customer needs to ensure the ultimate superiority of product details. The product has the characteristics of high integration, superior performance, stability and reliability, and convenient maintenance.
Videosytem produces Pharmaself24, an automatic dispenser for pharmacies capable of independently managing the delivery of the drug to the patient.
The patient thus obtains the advantage of being able to take advantage of a 24/7 service and, at the same time, the pharmacy improves the efficiency of the internal drug distribution process.
Pharmaself24 is an innovative solution that is particularly appreciated in northern European countries, such as the Netherlands and England.
Pharmaself24 is a project that arises from Videosystem's long experience in the field of automation, but also from the deep knowledge of foreign markets developed over the years, which has made it possible to identify a need in the sector that has not yet been satisfied with adequate technologies. Pharmaself24 is already in its second generation having presented "The Hexagon" in 2018.
Segmentation Overview:
Among different product types, Floor Standing Medical Vending Machine segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Clinics segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Medical Vending Machines market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Medical Vending Machines Market Report:
Market Size Estimates: Medical Vending Machines market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Medical Vending Machines market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Medical Vending Machines market
Segment Market Analysis: Medical Vending Machines market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Medical Vending Machines market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Medical Vending Machines Market: Revenue and sales volume of major countries in each region
Medical Vending Machines Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Medical Vending Machines market in major regions.
Medical Vending Machines Industry Value Chain: Medical Vending Machines market raw materials & suppliers, manufacturing process, distributors, downstream customers
Medical Vending Machines Industry News, Policies & Regulations
Key players in the global Medical Vending Machines market are covered in Chapter 12:
Guangzhou Zhongda Intelligent Technology Co., Ltd.
CVS Health
Pharmashop24 srl.
Becton, Dickinson and Company
Videosystem
MedAvail
SVA Vending
InstyMeds
TCN
Asteres Inc.
INTELLIGENT DISPENSING SOLUTIONS LLC
In Chapter 2 and Chapter 15.1, based on types, the Medical Vending Machines market from 2018 to 2028 is primarily split into:
Benchtop Medical Vending Machine
Floor Standing Medical Vending Machine
Others
In Chapter 3 and Chapter 15.2, based on applications, the Medical Vending Machines market from 2018 to 2028 covers:
Hospitals
Clinics
Retail Pharmacies
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Medical Vending Machines market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028