Analysis of Pharmacy Repackaging Systems Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global pharmacy repackaging systems market is valued at US$ 1.6 billion in 2023 and is predicted to jump to US$ 3.3 billion by 2033, registering a high-value CAGR of 7.5% from 2023 to 2033.
Pharmaceutical repackaging is the process of moving specific doses of medication from the primary container of the manufacturer into a secondary container, typically of a smaller size, for use by patients and dispensing institutions. Several pharmaceutical repackaging firms perform a wide range of repackaging processes, including multiple-to-single, single-to-multiple, multiple-to-multiple, unit-dose, and convenience packages.
The pharmaceutical industry is expanding rapidly, mainly in emerging markets such as India, China, and Brazil, as well as in industrialized economies such as the United Kingdom, Germany, and the United States. The increasing population, growing healthcare awareness, rising technological innovations, adoption of sophisticated manufacturing processes, and higher spending in public healthcare systems are all key factors driving the industry growth.
Moreover, increasing demand for biological products and innovative treatments such as gene and cell therapies are likely to boost the pharmaceutical industry's growth, resulting in increased demand for pharmaceutical packaging.
Drugs are commonly available in liquid, pill, and powder forms. They are packaged in a variety of ways, including standup pouches, rigid bottles, flat pouches, blister packs, and sachets. Pharmacy packaging products are highly specialized and subject to stringent regulatory compliances, particularly in terms of sterility. As a result, packaging and pharmaceutical product manufacturers collaborate closely during the development of packaging products.
Many industries were affected as a result of the COVID-19 pandemic, resulting in a lack of raw materials and interrupted supply networks. Pharmaceutical firms, on the other hand, were spared from the lockdown limitations since their activities are essential to the community. Moreover, to meet the increased demand for packaging of COVID-related items, market leaders automated their operations.
Increasing awareness of the advantages of pharmacy automation technologies, such as automated repackaging, has encouraged small and midsized healthcare institutes and pharmacists to substitute conventional pharmacy operation methods with new technologies. Several pharmacies throughout the world are implementing pharmacy automation technologies to automate day-to-day operations to eliminate human interaction, improve operational efficiency, and reduce overstocking. Both inpatient and outpatient pharmacies employ these technologies.
Pharmacy automation systems can also measure personalized drugs, track and update customer information in a database, and monitor the overall inventory management and distribution process. The market for pharmacy repackaging systems is on a promising and healthy trajectory due to emerging breakthroughs such as 3D printing and subsequent advancements like personalized medicine.
Furthermore, increased awareness regarding the proper proportion of medication dosage and the advent of digital technologies are projected to open up various opportunities for pharmacy repackaging system manufacturers.
Pharmacy Repackaging Systems Market Size (2023)
US$ 1.6 Billion
Projected Market Value (2033)
US$ 3.3 Billion
Global Market Growth Rate (2023-2033)
North America Market Share (2022)
Bottle Filling/ Pill Counting Automation Systems Segment Growth Rate (2023-2033)
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“Rise in Number of Medication Errors”
Medication errors affect one out of every ten patients worldwide. Medication errors raise medical costs for both pharmacists and physicians. The rising number of medication error-related deaths, combined with government laws, is placing pressure on healthcare institutions and pharmacists to implement innovative technologies to decrease medication errors.
Medication errors are greatly exacerbated by poor order communication between doctors and pharmacists, unsafe pharmacy storage practices, and misunderstanding created by identical labels and drug prescriptions throughout drug manufacture, dispensing, or administration.
Increased need for patient safety and strict government laws are projected to encourage healthcare professionals to employ innovative technologies to reduce medication errors. This is expected to propel the market for pharmacy repackaging systems.
Moreover, when it comes to inventory management, hospitals and pharmacists face major hurdles. Manual and traditional methods employed in pharmacies and hospitals make inventory tracking challenging.
Automated packaging systems, including automated vial filling pumps, compliance packaging systems, automatic tablet packagers, and automated dispensing systems, give healthcare providers and pharmacists real-time access to their inventory, allowing them to keep a sufficient amount of inventory.
Demand for pharmacy repackaging systems is predicted to increase rapidly in the coming years due to a variety of factors, including technical improvements such as barcoding and the growing requirement for pharmacists and healthcare practitioners to devote more time to patient care.
North America accounted for 38% of the global market in 2022. Healthcare infrastructure in North America is well-established. North America has been focusing on the development of its drug workflow by turning toward pharmacy automation technologies, such as repackaging systems. Furthermore, favorable reimbursement plans in this region are expected to drive demand for these technologies during the projected period.
The United States is the largest market in North America. The country is aggressively pushing the boundaries of technological development while also establishing strict medication management rules. This, in turn, is anticipated to drive demand for pharmacy repackaging systems that meet the fundamental criterion of personalized dosage in a variety of end-user domains.
Growing health awareness among consumers in Asia Pacific, particularly in developing nations, combined with rising disposable income levels, is expected to drive pharmaceutical industry growth over the projection period. This is anticipated to increase demand for pharmacy repackaging systems.
Japan and South Korea are driving market growth in Asia Pacific. This is due to the growing pharmaceutical industry in these countries.
Europe is another important market, led by the United Kingdom, France, and Germany. Germany is expected to make significant contributions to the European market during the forecast period.
Germany's developing healthcare infrastructure is likely to benefit the regional market growth. Furthermore, the increased emphasis of various health facilities on improving their medication workflow via transition to pharmacy automation systems such as repackaging systems is expected to boost the market growth.
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Demand for bottle filling/ pill counting automation systems is predicted to rise at a CAGR of 6.1% during the study period. This is due to the increased packaging of solid doses on a wide scale for over-the-counter oral medications.
The blister card/compliance packaging systems are also witnessing significant demand due to features such as clear and high visibility of label text, unit dose adaptability, and track-and-trace functionality.
Moreover, blister card/compliance packaging systems are commonly used since they make medication administration easier for a variety of patients and caregivers. These packaging systems include multi-dose blister card packaging systems, single-dose blister card packaging systems, and heat sealers. Since the drugs are packaged according to the patient's needs, there is less dosage waste. Blister packs also help to increase patient compliance.
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Key players in the pharmacy repackaging systems market are implementing strategies such as new product launches and increased R&D investments. These firms are likewise working on expanding their consumer base through mergers, acquisitions, partnerships, and collaborative initiatives.
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North America held 38% share of the global market in 2022.
The global pharmacy repackaging systems market is valued at US$ 1.6 billion in 2023.
Global demand for pharmacy repackaging systems is estimated to surge at a CAGR of 7.5% from 2023 to 2033.
The global market for pharmacy repackaging systems is expected to top US$ 3.3 billion by 2033.
ARxIUM, Inc, Parata Systems, Becton, Omnicell, Inc, Dickinson and Company, Proficient Rx, Kirby Lester, LLC, Medical Packaging Inc, Takazono Corporation, Pearson Medical Technologies LLC, Swisslog Healthcare AG, YUYAMA Co., Ltd, and McKesson Canada are ma
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