Dispensing Pharmacy Packaging Machine Market Share

Global Dispensing Pharmacy Packaging Machine Market Overview

Dispensing Pharmacy Packaging Machine Market Size was valued at USD 1.60 Billion in 2023. The dispensing pharmacy packaging machine market industry is projected to grow from USD 1.72 Billion in 2024 to USD 2.80 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.28% during the forecast period (2024 - 2032). Increased use of automation in the pharmaceutical sector, as well as technological developments and innovation are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Dispensing Pharmacy Packaging Machine Market Trends

• 
  

  Rising biopharmaceutical growth propels the market growth

  
  

The increasing expansion of biopharma is projected to drive the market CAGR of dispensing pharmacy packaging in the future. Biopharma refers to medical medications created via the use of biotechnology. Pharmaceutical packing machinery facilitates the preparation of pharmaceutical and nutraceutical products for distribution. For instance, according to HCP detection, an International organisation website for detecting host cell proteins data,  biopharmaceuticals are expanding, with a forecast of USD 341.16 billion in 2023. As a result, the dispensing pharmacy packaging machine market is being driven by the rising rise of biopharma.

The market for dispensing pharmacy packaging machines is likely to profit from the consistent economic growth predicted for many developed and emerging countries. The International Monetary Fund (IMF) forecasts  real GDP growth of 3.4% in 2022 and 2023, and 3.3% in 2025 and 2026. After a period of downturn, commodity prices are likely to recover and play an important role in fueling economic growth.  During the projection period, the US economy is expected to rise steadily. Furthermore, emerging markets are predicted to grow slightly faster than developed countries during the forecast period. For example, India's GDP is predicted to increase at a rate of 12.5% in 2021, whereas China's GDP is expected to rise at a rate of 7.8%.

For instance, ATS packaging machinery, an Italy-based firm that operates in the dispensing pharmacy packaging machines sector, will offer a new Gemini capping machine in October 2021. This innovative machine was created using Siemens machine control technology and incorporates features such as preventative maintenance, remote diagnostics, and service assistance. It is appropriate for a wide range of industrial applications, including pharmaceuticals. It is also appropriate for dispensing pumps with optimum flexibility.

Dispensing Pharmacy Packaging Machine Market Segment Insights

Dispensing Pharmacy Packaging Machine Product Type Insights

The  dispensing pharmacy packaging machine market segmentation, based on product type includes fully automatic and semi-automatic. Given the large-scale production of such machines, fully automatic category would have a dominant presence in the market. The market is oriented towards completely automated machine deployment. The linear dispensing unit is an example of a completely automated equipment since it provides precision in packaging as well as room to properly manage prescriptions. The machine validates, labels, and pre-packs the various size and shape goods. A fully automated segment aids in the retrieval, packaging, and storing of hospital pharmacy medications.

Figure1: Dispensing Pharmacy Packaging Machine Market, by Product Type, 2022 & 2032 (USD Billion)                         

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Dispensing Pharmacy Packaging Machine Speed Insights

The  dispensing pharmacy packaging machine market segmentation, based on speed, includes low speed, standard speed, high speed. In 2022, the standard speed segment accounted for a significant share of the  market. Standard speed packing machines are frequently used in pharmacies to dispense multi-dose medication while also assisting with quality control. The packaging speed of regular speed dispensing machines is between 30 and 50 packages per minute. Community pharmacies are seeing an increase in demand for standard dispensing packaging devices. During the forecast period, such factors are projected to boost the expansion of the standard size category in the  market.

Dispensing Pharmacy Packaging Machine Function Insights

The  dispensing pharmacy packaging machine market segmentation, based on function, includes filling, wrapping, mixing & split and others. Wrapping category is predicted to be the fastest-growing market, with a CAGR of 7.1% between 2022 and 2032. The wrapping machine is used in the pharmaceutical business to compress tiny pharmaceuticals into various-sized operation gloves. It is capable of wrapping products of various sizes and forms. It is also useful for packing liquid capsules in round, rectangular, or square shapes. The segment demand is predicted to be driven by the growing e-commerce business and a growth in total production output, particularly in emerging industrial economies around the world.

Dispensing Pharmacy Packaging Machine Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific region dominates the dispensing pharmacy packaging machine market and will maintain its dominance over the projected period due to the biggest number of inhabited countries such as China, Japan, and India with an abundance of inexpensive labour. Moreover, China’s dispensing pharmacy packaging machine market held the largest market share, and the Indian dispensing pharmacy packaging machine market was the fastest growing market in the Asia-Pacific region

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: DISPENSING PHARMACY PACKAGING MACHINE MARKET SHARE BY REGION 2022 (USD Billion)                         

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s dispensing pharmacy packaging machine market accounts for the second-largest market share because of government incentives to integrate automated dispensing machines in the healthcare industry, as well as technological improvements and innovation. Further, the German dispensing pharmacy packaging machine market held the largest market share, and the UK dispensing pharmacy packaging machine market was the fastest growing market in the European region

The North America Dispensing Pharmacy Packaging Machine Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the expanding pharmaceutical industry in the area. The area continues to be an important actor because it exhibits the most collaborations and partnerships in the pharmaceutical industry. The increasing number of pharmacies in the area in terms of income generated is another factor promoting the region's growth in this sector. Some of the biggest pharmacies in the USA that make a lot of money from dispensing medications are CVS Health, Cigna, Walmart, and Walgreens..

Dispensing Pharmacy Packaging Machine Key Market Players & Competitive Insights

Leading market players are investing heavily in R&D to expand their product lines, which will help the dispensing pharmacy packaging machine market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, dispensing pharmacy packaging machine industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  dispensing pharmacy packaging machine industry to benefit clients and increase the market sector. In recent years, the dispensing pharmacy packaging machine industry has offered some of the most significant advantages to medicine. Major players in the dispensing pharmacy packaging machine market, including Takazono Corporation, TOSHO Inc., Canon Lifecare Solutions Inc, Nisshin Medical Device Co. Ltd, Yung chung machinery co. Ltd. and others, are attempting to increase market demand by investing in R&D operations.

Tosoh Corporation is a multinational chemical and speciality materials conglomerate. Toyo Soda Manufacturing Co., Ltd. was formed in Yamaguchi Prefecture in 1935 and changed its name to Tosoh Corporation in 1987. Its corporate headquarters are now in Tokyo, Japan. It started out as a producer of chlor-alkali and petrochemical commodities and feedstocks. It now manufactures electrolytic manganese dioxide (EMD), speciality polymers, fine chemicals, scientific instruments, and thin-film materials, among other things. The Tosoh Group has over 130 firms worldwide, with manufacturing and marketing facilities in East Asia, Europe, and the United States. The company is a component of the Nikkei 225 stock index and is listed on the first section of the Tokyo Stock Exchange. In January 2019, TOSHO Corporation invested in and purchased a stake in Semba Biosciences Inc.

Swisslog Holding AG is a Swiss firm with a  presence that specialises in integrated automation solutions[buzzword] for warehouses, distribution centres, and hospitals. It is based in Buchs/Aarau, Switzerland. Swisslog employs 2,500 people in around 20 countries and earned 620.8 million euros in revenue in 2015. The company is a subsidiary of the KUKA Group, a Chinese provider of robotics and automation solutions. Swisslog was listed on the SIX Swiss Exchange until July 2015. Healthcare systems focuses on hospital logistics and specialises in logistics automation systems. Pneumatic tube systems, automated guided vehicle systems, electric track vehicle systems, and pharmaceutical logistics systems are examples of automated goods transport products and services. In November 2019, TheraPick, which is regulated by the Cleveland Clinic, was purchased by Swisslog Healthcare.

Key Companies in the dispensing pharmacy packaging machine market include

• Takazono Corporation


• TOSHO Inc.


• Canon Lifecare Solutions Inc.


• Nisshin Medical Device Co. Ltd.


• Yung chung machinery co. Ltd

Dispensing Pharmacy Packaging Machine Industry Developments

In October 2021, A new Gemini capping machine was introduced by ATS Packaging Machinery, an Italian business that competes in the market for dispensing pharmacy packaging devices.

In July 2022, Parata Systems was purchased by BD, a US-based provider of medical technology, for an unknown sum.The purchase of Parata Systems builds on BD's history and expertise in integrating teams smoothly to spur further development and innovation.

In June 2021, CSS Health Company has introduced three new blister cards. This high-performance packaging machine provides compliance packing.This equipment makes it easier for enterprises to package items in accordance with compliance rules. Because of these factors, the productivity and efficiency of pharmacies are expected to rise.

Dispensing Pharmacy Packaging Machine Market Segmentation

Dispensing Pharmacy Packaging Machine Market By Product Type Outlook

• Fully Automatic


• Semi-Automatic

Dispensing Pharmacy Packaging Machine Market By Speed Outlook

• Low Speed


• Standard Speed


• High Speed

Dispensing Pharmacy Packaging Machine Market By Function Outlook

• Filling


• Wrapping


• Mixing & Split


• Others

Dispensing Pharmacy Packaging Machine Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America