According to the latest market report published by Credence Research, Inc. “Pharmacy Repackaging Systems Market - Growth, Future Prospects, and Competitive Analysis, 2017 - 2025” the global market for Pharmacy Repackaging Systems was valued at US$ 1,067.3 million in 2016 and is expected to reach US$ 2,038.9 million by 2025, increasing to CAGR by 7.5 percent from 2017 to 2025.
Market Insights
Pharmacy repackaging is an act of removing the Pharmacy dosage from the manufacturer's primary container and placing it in another primary container, usually smaller. Pharmacy repackaging systems are growing rapidly due to factors such as improved drug inventory management, significant cost reductions, reduced errors and increased awareness of automated systems in developed economies that drive the growth of pharmacy repackaging systems worldwide. For the purpose of the study, the global market for pharmacy repackaging systems is segmented by product types, such as solid drug packaging systems and liquid drug packaging systems.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/pharmacy-repackaging-systems-market
It is noted that, in the base year 2016, solid drug packaging systems held the largest market share in order to improve patient adherence by clearly organizing and labeling multiple medicines. Blister card packaging systems are most widely accepted on the market because they make it easier to administer different dosages and reduce dispense errors. On the basis of the dosage type Pharmacy repackaging systems market, multiple unit packaging is categorized as unit dosage packaging. Currently, unit-dose packaging is a major revenue-contributing segment, as the preferred method of distribution of drugs in many hospitals and pharmacies. The market for Pharmacy repackaging systems is currently dominated by North America, as strict drug management regulations and higher demand for pharmacy automation by hospitals and pharmacies are driving growth in North America.
Key Market Movements:
- Factors such as increased awareness about automated pharmacies in some countries, drug inventory management are improved due to the use of unit dose packaging operations and increased demand for unit-dose packaging in some hospitals, pharmacies, and long-term care facilities are driving the growth of pharmacy repackaging systems market worldwide.
- However, some factors such as additional time and training required to repackage drugs, higher cost of repackaging equipment and restricted use of automated pharmacies in some developing countries may hinder the market growth of pharmacy repackaging systems worldwide.
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58470
List of Companies Covered:
- 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.
Market Segmentation
By Product Type
- Liquid Medication Packaging Systems
- Oral Liquid Filling System
- Vial Filling System
- Syringe Filling System
- Solid Medication Packaging Systems
- Blister Card Packaging Systems
- Pouch Packaging Automation Systems
- Other
By Dosage Type
- Unit Dose Packaging
- Multiple Unit Packaging
By Geography Segment Type
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58470
Medium Blog: Pharmacy Repackaging Systems Market
