DUBLIN, Jan. 21, 2023 /PRNewswire/ -- The "Pharmacy Repackaging Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030" report has been added to ResearchAndMarkets.com's offering.
This report offers strategic insights into the overall pharmacy repackaging systems market along with the market size and estimates for the duration 2020 to 2030. The research study covers in-depth analysis of market segments based on type of product, type of dosage, and different geographical regions.
Pharmaceutical repackaging is the act of transferring specified doses of a medication from a manufacturer's primary container into another primary container, usually of smaller size to use by patients and or dispensing institutions. Factors such as increase in awareness of automated systems in developed economies, significant cost saving achieve in hospital pharmacy and increase in dosage accuracy are driving the market growth of pharmacy repackaging systems market worldwide.
Pharmaceutical repackaging is perform for different type of drug form such as tablet, capsule, pills, sterile products, liquids, ointment etc. It is observed that, in the base year 2021, solid medication packaging systems is largest revenue generating segment and it is anticipated that it will show significant growth during forecast period because it improve patient adherence by clearly organizing and labeling multiple medications.
In solid medication packaging systems segment, blister card packaging systems most commonly used in market as it allows easier administration of daily doses for caregivers and elderly patients at home or in long term care facilities.
Pharmaceutical repackaging as an emerging industry, it involves transfer of medication from larger bulk containers into smaller, ready-to-dispense quantities. Many companies who repackage pharmaceuticals do a wide variety of repackaging operations such as single-to-multiple, multiple-to-single, multiple-to-multiple, unit-dose, convenience kits.
Factors such as increase in awareness of automated systems in developed economies, reduction in dispensing errors, increased patient compliance, significant reduction in cost, increased efficiency and reduction in preparation time are influencing the growth of pharmacy repackaging systems market globally.
For the purpose of study market is categorized on the basis of dosage type such as unit dose packaging and multiple unit packaging. It is observed that, in the base year 2021, unit dose packaging is largest revenue contributor as increase in safety, preferred method of drug distribution according to ASHP (American Society of Hospital Pharmacists), higher convenience and preferred method of drug distribution in many hospital are driving the growth of unit dose packaging market globally.
However, some factors such as higher cost of repackaging equipment, labor required to prepare and deliver unit dose items and additional training required to repackage drugs not available commercially in unit-dose form may hinder the growth of unit dose packaging market.
Companies Mentioned
- ARxIUM
- Becton Dickinson & Company (CareFusion Corporation)
- Kirby Lester
- Medical Packaging Inc.
- Omnicell Inc.
- Parata Systems
- Pearson Medical Technologies
- Proficient Rx
- Swisslog Holding Ltd.
- Takazono Corp.
- TCGRx
- Yuyama Co. Ltd.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
Key Questions Answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Pharmacy Repackaging Systems market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Pharmacy Repackaging Systems market?
- Which is the largest regional market for Pharmacy Repackaging Systems market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Pharmacy Repackaging Systems market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Pharmacy Repackaging Systems market worldwide?
Key Topics Covered:
1. Preface
2. Executive Summary
3. Pharmacy Repackaging Systems Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Pharmacy Repackaging Systems Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter's Five Force Model
3.7. PESTEL Analysis
4. Pharmacy Repackaging Systems Market: By Product, 2020-2030, USD (Million)
5. Pharmacy Repackaging Systems Market: By Dosage, 2020-2030, USD (Million)
6. North America Pharmacy Repackaging Systems Market, 2020-2030, USD (Million)
7. UK and European Union Pharmacy Repackaging Systems Market, 2020-2030, USD (Million)
8. Asia Pacific Pharmacy Repackaging Systems Market, 2020-2030, USD (Million)
9. Latin America Pharmacy Repackaging Systems Market, 2020-2030, USD (Million)
10. Middle East and Africa Pharmacy Repackaging Systems Market, 2020-2030, USD (Million)
11. Company Profile
For more information about this report visit https://www.researchandmarkets.com/r/wka0jp
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo - https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article