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The market for the pharmacy repackaging encompasses the components that impact the way the market operates. Market forces in this market are dictated by the ever evolving nature of Pharmaceutical industry, the tech fossils, shifts in regulatory environment, and the increasing demand for proper drug administration management. The product lifecycle of a pharmaceutical medicine which consist of entering the market, growing and then leaving continues to increase. This in turn promotes the need for warehouses whose key objective is to offer packaging solutions that fit well to size while being cost-effective. Pharmacy repackaging systems are becoming critical in solving drug shortages by introducing computer data-entry and accuracy planning way ahead of a recall, ensuring accurate dosages and drug safety.
There is no doubts that, technological advancement is a factor that directs the market influences of pharmacy packaging systems. Automation and robots which changed the way in which pharmaceutical packaging process operating have made it faster, more accurate and increased its total throughput. These systems include different automated dispensing technologies such as barcode and RFID (Radiofrequency Identification) to ensure that medications are properly identified and tracked at each point of the repackaging. It is not only the quality of repackaged products that is enhanced but the reliability as well. Good inventory management is a benefit to the pharmacies where the repackaged drugs are sold.
Regulatory adjustments, on the other hand, remain some of the core factors changing the dynamics of the pharmacy repackaging systems' market. Strict safety and regulatory requirements apply to drugs which necessitate pharmaceutical companies and pharmacies investment in advanced packaging technology that fulfills compliance with these standards. Along with the successful implementation of the regulatory framework leading to more imposing legal rules, the manufacturers of pharmacy repackaging devices are spurring to innovate in response to the emerging market demand.
This demand for advanced medication management in healt hcare setting as part of the market's dynamics. Healthcare entities now realize the importance of pharmacy repackaging, as this system has been demonstrated to be effective in minimizing medicine errors, regulating inventory, and streamlining workflow efficiency. These systems enable pharmacies to prepare unique medication dosages adapted to patients` needs, consequently promoting better patient compliance as well as the desirable healthcare outcomes. Not only staff members but also the healthcare institutions enlighten on the benefits of this repackaging systems through thorough professional practices which ultimately leads to the adoption of pharmacy repackaging systems.
Markets, just like everything else, are affected by economic factors and efficiency and effectiveness tops the list. Pharmacy repackaging systems is the simple technique which may aid in cutting down costs by diminishing the number of employees needed, eradicating the extra medication which would otherwise be wasted, and maximizing the efficiency of each resource utilized. The economic pros like cost-reduction which these systems offer, long-run cost-saving expectations also makes their adoption across various healthcare settings such as hospitals, long term care facilities and retail pharmacies.
Pharmacy Repackaging Systems Market Highlights:
Pharmacy Repackaging Systems Market Overview
Pharmacy Repackaging Systems Market Size was valued at USD 2,528.0 million in 2023. The Pharmacy Repackaging Systems industry is projected to grow from USD 2,701.7 million in 2024 to USD 4,766.1 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.35% during the forecast period (2024 - 2032). The pharmaceutical repackaging is act of transferring the pharmaceutical dosage from primary container (manufacturer) and introducing it into another container which is usually smaller in size.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The repackaging systems are rapidly growing owing to the factors such as significant reduction in cost and errors, advance drug inventory management, and rise in awareness of automated systems in developed economies are driving growth of market globally. Further, the increasing cases of erroneous deaths because of the improper administration of the medicines and drugs is expected to drive the growth of the market.
Moreover, the absence of awareness about the potential advantages these computerized systems can offer in a few regional markets has been a critical inhibitor. Besides, major companies in the market are involved in new product launches to strengthen their position in the market.
Segmentation
The pharmacy repackaging systems market is segmented on the basis of product type, dosage type, and end user.
The market, by product type is categorised into solid medication packaging systems, liquid medication packaging systems, bottle filling/ pill counting automation systems, and others. The solid medication packaging systems is further divided into blister card packaging systems, and pouch packaging automation systems. The blister card packaging systems is further divided into multi dose blister card packaging systems, single dose blister card packaging systems, and heat sealers. The liquid medication packaging systems is further divided into oral liquid filling system, vial filling system, and syringe filling system.
Based on dosage type, the market of pharmacy repackaging systems is segmented into unit dose packaging and multiple unit packaging.
On the basis of end user, the market is segmented into retail/community pharmacy, hospital pharmacy, Long-term Care (LTC) pharmacies, and others. The hospital pharmacy is further segmented into Outpatient Pharmacy, and Inpatient Pharmacy.
On the basis of region, the pharmacy repackaging systems market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and Latin America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific. The pharmacy repackaging systems market in the Middle East and Africa has been segmented into the Middle East and Africa.August 2023: A major pharmaceutical company partnered with a repackaging solutions provider to offer unit-dose repackaging services for specialty medications. This collaboration indicates a potential expansion of the market into the high-growth segment of specialty drugs.July 2023: A leading provider of pharmacy automation solutions announced a new line of repackaging systems designed to improve efficiency and medication adherence. This launch highlights the growing trend towards automation in the pharmacy repackaging market.
Regional Market Summary
Global Pharmacy Repackaging Systems Market Share (%), by Region, 2017
Sources: Centers for Disease Control and Prevention (CDC), US Department of Health and Human Services, National Institutes of Health
It is projected that the Americas dominated the pharmacy repackaging systems market owing to the growth of the market in the North American region. This is largely attributed to the factors such as rising number of outpatient visits that encourages pharmacists and hospitals to incorporate automated systems in order to improve their prescription-handling capacity.
Europe is expected to hold the second largest share in the market of pharmacy repackaging systems owing to growing healthcare infrastructure. Additionally, various initiatives by public and private organizations is anticipated to boost the growth of the market.
Asia-Pacific was projected to be the fastest growing region for the pharmacy repackaging systems market. This owes to the technological advancements resulting in the development of cost-effective pharmacy repackaging systems leading to high acceptance rate for the devices in the Asia-Pacific region.
The Middle East and Africa holds the least share in the pharmacy repackaging systems market due to the presence of economically diverse countries, and less initiatives taken by the government.
Pharmacy repackaging systems Market, by Product type
- Solid Medication Packaging Systems
- Blister Card Packaging Systems
- Multi Dose Blister Card Packaging Systems
- Single Dose Blister Card Packaging Systems
- Heat Sealers
- Pouch Packaging Automation Systems
- Liquid Medication Packaging Systems
- Oral Liquid Filling System
- Vial Filling System
- Syringe Filling System
- Bottle Filling/ Pill Counting Automation Systems
- Others
Pharmacy repackaging systems Market, by Dosage type
- Unit Dose Packaging
- Multiple Unit Packaging
Pharmacy repackaging systems Market, by End User
- Retail/Community Pharmacy
- Hospital Pharmacy
- Outpatient Pharmacy
- Inpatient Pharmacy
- Long-term Care (LTC) Pharmacies
- Others
Pharmacy repackaging systems Market, by Region
- Americas
- North America
- US
- Canada
- Latin America
- Europe
- Western Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- The Middle East & Africa
- Middle East
- Africa
Pharmacy repackaging systems Market, Key Players
- 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
Intended Audience
- Medical device companies
- Pharmaceutical companies
- Government institutions
- Research and Development (R&D) companies
- Medical research laboratories
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