The pharmacy repackaging systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Pharmacy Repackaging Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The pharmacy repackaging systems market size has grown strongly in recent years. It will grow from $1.98 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to rising awareness of automated systems, increasing cost savings achieved in hospital pharmacies, the growing need for improved dosage accuracy, rising patient adherence to better medication, and the increasing adoption of blister card packaging systems.
The pharmacy repackaging systems market size is expected to see strong growth in the next few years. It will grow to $3.14 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to increasing adoption of pharmacy automation, the growing need to reduce medication errors, rising demand for efficient and cost-effective medication management solutions, the growing need for customized packaging solutions, and the increasing prevalence of chronic diseases. Major trends in the forecast period include the integration of hyper-automation with robotics, multi-compartment pouches for personalized regimens, a rise in ecological packaging solutions, product innovations, and collaborations between pharmacies.
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Scope Of Pharmacy Repackaging Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rising prevalence of chronic diseases is expected to propel the growth of the pharmacy repackaging systems market going forward. Chronic diseases refer to long-term medical conditions that are generally progressive and persistent, often lasting for a year or more and requiring ongoing medical attention or limiting daily activities. The rising prevalence is primarily due to an aging population, lifestyle changes such as poor diet and physical inactivity, increasing urbanization, and associated environmental factors. Pharmacy repackaging systems are essential for managing chronic diseases as they facilitate accurate medication management, improve adherence, and enhance patient safety through efficient dispensing into patient-specific doses. For instance, in January 2023, according to the National Institutes of Health, a US-based government agency, the number of individuals with at least one chronic disease is projected to rise by 99.5%, from 71.522 million in 2020 to 142.66 million by 2050. Therefore, the rising prevalence of chronic diseases is driving the growth of the pharmacy repackaging systems market.
Market Trends –
Major companies operating in the pharmacy repackaging systems market are focusing on expanding their facilities through automated repackaging systems to meet the growing demand for accurate medication management in healthcare facilities worldwide. Automated repackaging systems are advanced machines designed to efficiently and accurately package medications into various formats, reducing human error and increasing productivity. For instance, in June 2024, MEDISCA Plattsburgh, a US-based pharmaceutical compounding company, opened a new pharmaceutical repackaging facility to meet the growing demands for personalized medicine. This facility enhances Medisca’s capabilities in offering customized medication repackaging services with state-of-the-art equipment for precise dosage measurement and advanced labeling technology for accuracy and compliance. It will enable Medisca to provide high-quality, customized pharmaceutical solutions to its global customer base, ensuring timely delivery and adherence to regulatory standards. The facility is designed with custom-tailored, ISO-rated production rooms and advanced warehouse management systems for end-to-end traceability, ensuring high-quality products and personnel safety.
The pharmacy repackaging systems market covered in this report is segmented –
1) By Type: Blister Card Packaging Systems, Pouch Packaging Automation Systems, Liquid Medication Packaging Systems, Bottle Filling Automation Systems
2) By Dosage Type: Unit Dose Packaging, Multiple Unit Packaging
3) By End Use: Retail Or Community Pharmacies, Hospital Pharmacies, Long-Term Care (LTC) Pharmacies, Mail Order Pharmacies
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Regional Insights –
North America was the largest region in the pharmacy repackaging systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmacy repackaging systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are McKesson Corporation, Becton Dickinson & Company, Baxter International Inc., Syntegon Technology GmbH, Omnicell Inc., ACG Worldwide, Swisslog Holding Ltd., Scriptpro LLC, Capsa Healthcare, Dossier Systems, Healthmark, ARxIUM, Fulcrum Inc., Yuyama Co. Ltd., Kirby Lester, Medical Packaging inc. LLC, RxSafe LLC, Deenova S.r.l., Meditec, Noritsu Pharmacy Automation, Pearson Medical Technologies, Takazono Corporation
Table of Contents
1. Executive Summary
2. Pharmacy Repackaging Systems Market Report Structure
3. Pharmacy Repackaging Systems Market Trends And Strategies
4. Pharmacy Repackaging Systems Market – Macro Economic Scenario
5. Pharmacy Repackaging Systems Market Size And Growth
…..
27. Pharmacy Repackaging Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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