Pharmaceutical repackaging is the act of transferring specified doses of a medication from a manufacturer's primary container into another primary container. Factors such as increase in awareness of automated systems in developed economies, significant cost saving achieve in hospital pharmacy, and increase in patient compliance for unit dose packaging are driving the market growth of pharmacy repackaging systems market globally.
The report titled “Pharmacy Repackaging Systems Market - Growth, Future Prospects and Competitive Analysis, 2023–2030” 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.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global pharmacy repackaging systems market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global pharmacy repackaging systems market. This report concludes with company profiles section that highlights major information about the key players engaged in global Pharmacy repackaging systems market. In-depth competitive environment analysis and historical years (2020) market size data are also provided in the report.
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.
In the base year 2021, North America dominated the global pharmacy repackaging systems market it generate more than 35% of total revenue; United States is largest regional market in North America in terms of revenue due to the factors such as increase in awareness about the benefits of automated systems in hospital pharmacies, stringent regulations led to deliver accurate dosage, technological advances and higher demand for unit dose pack are driving the growth of pharmacy repackaging systems market in North America. Europe is the second largest revenue generating regional market for pharmacy repackaging systems. U.K., Germany and France are major revenue contributing countries in Europe. Currently, Middle East and Africa hold smallest market share due to the lack of awareness about the benefits of automated pharmacies also higher cost for implementation of pharmacy repackaging systems unaffordable in some Middle East and African countries may negatively impacting the growth of pharmacy repackaging systems market. It is anticipated that Asia Pacific will experience a growth during the forecast period due to continuous development in economic conditions, increasing demand for unit dose packaging and developing healthcare infrastructure would contribute the market growth in Asia Pacific during forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Pharmacy Repackaging Systems market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product
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Dosage
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
