Pharmacy Repackaging Systems Market Overview: Market Size, Major Drivers And Trends
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The pharmacy repackaging systems market size has grown strongly in recent years, expected to rise from $1.98 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. This growth in the historic period can be linked to rising awareness of automated systems, increasing cost savings in hospital pharmacies, the growing need for improved dosage accuracy, better patient adherence to medication, and the adoption of blister card packaging systems. Looking ahead, the pharmacy repackaging systems market size is projected to grow to $3.14 billion in 2028 at a CAGR of 9.7%. This growth in the forecast period can be attributed to the increasing adoption of pharmacy automation, the growing need to reduce medication errors, rising demand for efficient and cost-effective medication management solutions, the need for customized packaging solutions, and the increasing prevalence of chronic diseases. Key trends expected during this 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.
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.
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What Are The Key Trends That Influence Pharmacy Repackaging Systems Market Share Analysis?
Major companies in the pharmacy repackaging systems market are investing in automated repackaging systems to expand their facilities and meet the rising demand for accurate medication management in healthcare settings worldwide. Automated repackaging systems are advanced machines designed to package medications efficiently and accurately in various formats, thereby 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 address the increasing demand for personalized medicine. This facility enhances Medisca’s capabilities in providing customized medication repackaging services with state-of-the-art equipment for precise dosage measurement and advanced labeling technology for accuracy and compliance. It aims to deliver high-quality, customized pharmaceutical solutions to its global customer base, ensuring timely delivery and adherence to regulatory standards. The facility features custom-tailored, ISO-rated production rooms and advanced warehouse management systems for end-to-end traceability, ensuring product quality and personnel safety.
Which Market Players Are Driving Growth In The Pharmacy Repackaging Systems Market?
Major companies operating in the pharmacy repackaging systems 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
How Is The Global Pharmacy Repackaging Systems Market Segmented?
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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The Pharmacy Repackaging Systems Global Market Report 2024 provides an overview of the pharmacy repackaging systemsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pharmacy repackaging systems market forecast analyzes pharmacy repackaging systems market size, pharmacy repackaging systems market share, leading competitor and their market positions.
The Table Of Content For The Pharmacy Repackaging Systems Market Include
1. Pharmacy Repackaging Systems Market Executive Summary
2. Pharmacy Repackaging Systems Market Segments
3. Pharmacy Repackaging Systems Market Size And Template Market Growth Rate
4. Key Pharmacy Repackaging Systems Market Trends
5. Major Pharmacy Repackaging Systems Market Drivers
……
25. Key Mergers And Acquisitions In The Pharmacy Repackaging Systems Market
26. Top Pharmacy Repackaging Systems Companies
27. Pharmacy Repackaging Systems Market Opportunities And Strategies
28. Pharmacy Repackaging Systems Market, Conclusions And Recommendations
29. Appendix
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