Global Pharmacy Repackaging Systems Market Ongoing Trends, Growth Factors, Negative Factors, Opportunities, Untapped Markets, Strategies and Developments, Product Segments, and Forecast 2019 – 2028
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"Global Pharmacy Repackaging Systems Market” is estimated to be valued at US$ X. X Billion in the current year and is projected to reach a value of US$ X. X Billion by 2028. The global pharmacy repackaging systems market report has been categorized on the basis of product type, end user, and region/ country.
Introduction on Pharmacy Repackaging
The alarming incidences of documented medical errors and high levels of associated legal liability are resulting in need for pharmaceutical vendors to adapt pharmacy repackaging solutions. These solutions include standard medical services such as de-blistering, de-bottling, relabeling, carton replacements, etc. Incidences of medical errors are also compelling pharmaceutical vendors to add an extra layer of high-tech safety to aid them in dispensing life-saving medicines with the help of advanced software, compact dispensing robots and much more.
Pharmacy Repackaging Systems Market Growth Factors
Rising number of incidences of serious illnesses globally and increasing stringent regulations associated with pharmaceutical management is anticipated to boost growth of the pharmacy repackaging market. In addition, increasing government regulations to follow the protocol and increasing awareness among patients about the side-effects of unethically handled medicines are leading to adoption of automated workflow. This can help in increasing productivity as well as reducing liability to a considerable extent. Rising number of chronic illnesses including various life-threatening diseases such as cancer, chronic kidney diseases, heart-related diseases, etc. is also expected to fuel the market growth. The pharmacy repacking system is expected to aid in smoothening the transition of pharmacies, vendors, hospitals and enhance medical experience of patients by offering required quantity of medication, relabeling packages and re-bottling liquid medicines appropriately. However, high cost involved in digitalization and automation of processes is a key factor that could challenge revenue growth of the market.
Pharmacy Repackaging Systems Market: Analysis by Segments
By Product Type:
Among the product type segments, the bottle filling/ pill counting automation systems segment is anticipated to account for higher consumption and revenue share in the target market, due to growing use of bulk amount of product and increasing packaging of solid doses on a large scale over-the-counter oral drugs. The blister card/compliance packaging systems segment is among the most preferred primary solutions in pharmacies, owing to its features such as adaptableness to unit dose with clear and high visibility of label content, and offers track-and-trace feature.
By End User:
Among the end user segments, the hospital pharmacies and retail/community pharmacies segments are anticipated to account for higher revenue shares as compared to that of other segments in the global pharmacy repackaging systems market. The mail-order pharmacies segment is expected to account for moderate share in terms of revenue in the target market.
The pharmacy repackaging systems market in North America accounted for largest share in terms of value in the global market and is anticipated to register notable growth rate over the next 10 years, which is expected to be driven by constant development of new and innovative medicines such as biologics and Nanomedicines by major players in the region, rising prevalence of acute and chronic diseases and disorders, coupled with increasing adoption of medicines, and favorable stringent regulations regarding pharmaceutical packaging and management in the region. The North America market is also expected to be propelled by well-established healthcare sector, and need to automate workflows and improve inventory management and delivery of medicines. The Asia Pacific pharmacy repackaging systems market is projected to register the highest growth rate over the 10-year forecast period, which is anticipated to be driven by developing healthcare infrastructure, rising prevalence of age- and lifestyle-related diseases and disorders, and increasing expenditure on healthcare by the population in the region.
Global Pharmacy Repackaging Systems Market Segmentation
Segmentation, by Product type:
- Blister Card/Compliance Packaging Systems
- Pouch Packaging Automation Systems
- Bottle Filling/ Pill Counting Automation Systems
- Liquid Medication Packaging Systems
Segmentation, by End User:
- Retail/Community Pharmacy
- Hospital Pharmacy
- Long-term care (LTC) pharmacies
- Mail-order Pharmacies
Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Omnicell, Inc.
- Becton Dickinson & Company
- Swisslog Holding Ltd.
- Kirby Lester, Yuyama Co., Ltd.
- TCGRx, ARxIUM
- Takazono Corporation
- Pearson Medical Technologies
- Parata Systems
- Amcor Ltd.
- Schott AG
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