Dublin, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The "Pharmacy Repackaging Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Pharmacy Repackaging Systems Market to Reach $2.8 Billion by 2030
The global market for Pharmacy Repackaging Systems estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.8 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030.
The report include historic reviews for the years 2014 through 2021, providing insights into past market performance. The 16-year perspective data breaks down the percentage distribution of value sales for Pharmacy Repackaging Systems in the years 2014, 2023, and 2030.
The analysis also segments the market into specific categories, such as Blister Card/Compliance Packaging Systems, Liquid Medication Packaging Systems, Bottle Filling/Pill Counting Automation Systems, Pouch Packaging Automation Systems, and Other Products, providing a comprehensive overview of the industry's various components and their respective growth trends.
Blister Card/Compliance Packaging Systems, one of the segments analyzed in the report, is projected to record 8.7% CAGR and reach US$990.7 Million by the end of the analysis period. Growth in the Liquid Medication Packaging Systems segment is estimated at 5.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $484.8 Million, While China is Forecast to Grow at 9.1% CAGR
The Pharmacy Repackaging Systems market in the U.S. is estimated at US$484.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$417.9 Million by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030.
The report provide an analysis of the global Pharmacy Repackaging Systems market, with a focus on annual sales in US$ thousand for the years 2022 through 2030. The data covers various geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa. It offers insights into the recent past, current trends, and future projections for Pharmacy Repackaging Systems, both in terms of sales and the percentage compound annual growth rate (% CAGR).
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.
The analysis also highlights key players like Omnicell, Inc, ARxIUM, Inc., and more.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- Pharmacy Repackaging Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of COVID-19 Pandemic and Looming Recession
- 2020 Marked as a Year of Disruption & Transformation
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Pharmaceutical Packaging Sector Remains Stable
- COVID-19 to Restructure the Pharmaceutical Supply Chain Management
- FDA Eases Rules Allowing Compounders to Repackage Propofol Drugs Amid COVID-19 Crisis
- Pharmaceutical Packaging Equipment: A Prelude
- An Introduction to Pharmacy Repackaging Systems
- Global Market Prospects & Outlook
- Blister Card/Compliance Packaging Leads Global Market
- Developed Regions Represent Largest Regional Markets
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Myriad Benefits of Repackaged Medications Ensure Growth in Pharmacy Repackaging Systems Market
- Rise in Medication Errors and Focus on Improving Patient Safety Drives Market Prospects
- Need to Reduce Inventory Wastage and Save Costs to Boost Pharmacy Repackaging Systems Market
- Growing Importance of Repackagers in the Pharmaceutical Supply Chain
- Numerous Benefits of Automated Systems among Pharmacies Propels Demand for Repackaging Systems
- Liquid Drugs Administration Risks Amidst COVID-19 Pandemic Brings Forth Importance of Unit Dose Packaging
- Pharmacies Leverage Automated Medication Packaging Technology During Pandemic
- New Guidelines on Drug Repackaging & Dispensing Bode Well for Pharmacy Repackaging Systems
- FDA Focuses Efforts on Stringent Controls over API Repackaging Operations
- FDA Issues New Guidance for Repackaging of Solid Oral Drugs into Unit Dose Containers
- Unit Dose Compliance Packaging as a Means to Inhibit Opioid Abuse
- Outsourcing of Repackaging Operations: Benefits for Healthcare Facilities with Constrained Resources
- Outsourcing of Unit-Dose Repackaging Set to Incite Demand for Pharmacy Repackaging Systems
- Key Cost-Saving Benefits of Outsourced Unit-Dose Repackaging
- Commercially Available UD Products Prove Beneficial
- Blister Card Packaging: The Mainstay of Pharmaceutical Packaging
- Newer Technologies and Advancements Enable Significant Improvements in Operational Efficiencies
- COVID-19 Pandemic Brings Forth the Importance of Reusing Old Medicines
- Insights into Clinical, Commercial & EAP Packaging and Supply
- Gaining Regulatory Insights into Semantics of Drug or Vial Repackaging
- Policy on Drug Compounding & Repackaging Focuses on Quality Medications to Patients
- Serialization Drives New Design Developments in Pharma Sector
- Rise in Pharmaceutical Sales to Propel Need for Drugs Repackaging Systems
- Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025
- Rapid Growth of Generic Drugs
- Global Generic Drugs Market Size (in $ Billion) for the Years 2016, 2019, 2022 & 2025
- Aging Population & Increasing Burden of Chronic Diseases Spurs Drug Sales, Driving Need for Pharmacy Repackaging
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Consistent Rise in Healthcare Spending Worldwide to Drive Market Opportunities
- World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
- Elderly Healthcare Expenditure as a % of GDP in the US, Europe and Japan for 1970, 2010 and 2050
FOCUS ON SELECT PLAYERS(Total 127 Featured)
- ACG Worldwide
- Accutek Packaging Equipment Companies, Inc.
- Agrado SA
- Air Process Systems & Conveyors Co., Inc.
- Al.Ma. Srl
- ARxIUM, Inc.
- Acme Vials and Glass Company, LLC
- Arab Pharmaceutical Glass Co.
- ABOX Automation Corp.
- ACIC Pharmaceuticals, Inc.
- All Packaging Machinery Corporation
- Astro Machine Works, Inc.
- b+b Automations- und Steuerungstechnik GmbH
- Arca Etichette S.p.A
- APD Algoritmos Procesos y DiseAos S.A.
For more information about this report visit https://www.researchandmarkets.com/r/x1bg15
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
