Medication Dispensing & Packaging Systems - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Medication Dispensing & Packaging Systems Market is accounted for $224.11 million in 2019 and is expected to reach $446.56 million by 2027 growing at a CAGR of 9.0% during the forecast period. Need for efficient and errorless mediation adherence systems and auditing and proper adherence of medicines are propelling the market growth. However, high competition and rapid changes in technology are hampering the market growth.
Medication dispensing and packaging processes in pharmacies will offer a highly efficient and secured supply chain. Besides, medication dispensing & packaging systems minimize errors and the required workforce.
Based on the packaging speed, the above 40 ppm segment is going to have a lucrative growth during the forecast period as the appetite for productivity increases among pharmacies and high uptake in drugs coming in from hospital pharmacies. By geography, North America is going to have a lucrative growth during the forecast period as companies are continuously working to improve the efficiency of these systems and increasing demand for high-speed systems.
Some of the key players profiled in the Medication Dispensing & Packaging Systems Market include YUYAMA Co., Ltd., Swisslog Holding AG, Omnicell, Inc., JVM Co., Ltd., Global Factories B.V., Becton, Dickinson and Co., and ARxIUM Inc.
Packaging Speeds Covered:
• Up to 20 ppm
• 20 to 40 ppm
• Above 40 ppm
Canister Capacities Covered:
• Above 300 Canisters
• 101-300 Canisters
• Up to 100 Canisters
End Users Covered:
• Hospital pharmacy
• Mail Order Pharmacy
• Long-term Care Pharmacy
• Retail Pharmacy
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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