Pharmacy Repackaging Systems Market Size & Growth Analysis to 2030

The global pharmacy repackaging systems market size is accounted to register a significant CAGR of around 7.5% during the forecast period and is expected to reach over USD 2 billion by 2027. The rising number of medication errors and stringent regulations are some major factors to drive the market growth. Furthermore, the focus on improving patient safety, the rising adoption of automated systems, and the growing importance are expected to fuel the market growth over the forecast period. Moreover, the increasing number of outpatient visits and focus on improving drug inventory management are anticipated to propel the market growth.

Market Drivers:

Increasing demand for medication adherence: Medication non-adherence is a significant concern in healthcare, leading to poor patient outcomes and increased healthcare costs. Pharmacy repackaging systems help improve medication adherence by providing customized packaging solutions, such as unit-dose blister packs or multi-dose strip packaging, which make it easier for patients to follow their prescribed medication regimens.

Rising emphasis on patient safety: Patient safety is a critical factor in healthcare. Pharmacy repackaging systems play a crucial role in enhancing patient safety by reducing medication errors, such as incorrect dosages or medication mix-ups. These systems incorporate barcode scanning, automated labeling, and verification processes to ensure accurate and safe dispensing of medications.

Growing pharmaceutical industry and drug distribution: The pharmaceutical industry is experiencing significant growth, with an increasing number of medications being developed and distributed worldwide. Pharmacy repackaging systems are necessary to handle the packaging and labeling of medications in different formats and volumes, supporting the efficient distribution of drugs to pharmacies and healthcare facilities.

Expansion of long-term care facilities and home healthcare: Long-term care facilities, such as nursing homes and assisted living centers, and home healthcare services are witnessing growth due to aging populations and the preference for home-based care. Pharmacy repackaging systems are essential in these settings to ensure the safe and organized dispensing of medications to residents or patients.

Regulatory compliance and medication traceability: Stringent regulations govern the pharmaceutical industry to ensure patient safety and product quality. Pharmacy repackaging systems help pharmacies and healthcare facilities comply with regulations related to medication labeling, traceability, and tamper-evident packaging. These systems enable accurate tracking and documentation of medication dispensing activities.

Technological advancements in packaging automation: Advancements in packaging automation technology have improved the efficiency and accuracy of pharmacy repackaging systems. Automated systems can handle high volumes of medications, perform barcode scanning and verification, and integrate with electronic health records (EHR) systems, optimizing workflow and reducing manual errors.

Cost savings and operational efficiency: Pharmacy repackaging systems contribute to cost savings and operational efficiency for pharmacies and healthcare facilities. These systems streamline medication dispensing processes, reduce labor requirements, minimize medication waste, and optimize inventory management, resulting in improved operational efficiency and financial benefits.

Increasing focus on personalized medicine: Personalized medicine, which involves tailoring medication regimens based on individual patient characteristics, is gaining prominence. Pharmacy repackaging systems can facilitate the customization of medication packaging and dosing to meet the unique needs of individual patients, supporting the advancement of personalized medicine.

Shift towards outpatient care and retail pharmacies: The shift towards outpatient care and the expansion of retail pharmacy services have increased the demand for efficient medication dispensing systems. Pharmacy repackaging systems enable retail pharmacies to handle prescription filling and dispensing efficiently, improving patient convenience and satisfaction.

Market Snapshot:

Market Insights:

The global pharmacy repackaging systems market is bifurcated into the product, dosage type, end-user, and geography. On the basis of product, the market is further segmented into blister card/compliance packaging systems, liquid medication packaging systems, and others. The blister card/compliance packaging systems segment dominated the global market and anticipated to hold the largest revenue share of around one-third percent of the market by the end of the analysis period. The segment is also accounted to grow at the highest growth rate over the forecast period. The liquid medication packaging systems segment is also estimated to hold a significant market share around one-fourth share of the market.

On the basis of end-user, the global pharmacy repackaging systems market is segmented into retail, inpatient pharmacy, long-term care (LTC) pharmacies, and others. The retail segment is accounted to grow at a significant growth rate over the forecast period. The rapid growth in large chain pharmacy stores and the increasing demand for automated systems in pharmacies are some major factors to drive the segment growth. Furthermore, the rising adoption of automated systems in pharmacies in developed economies is further anticipated to fuel the segment growth over the forecast period.

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The pharmacy repackaging systems comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The pharmacy repackaging systems market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Product:

• Blister Card/Compliance Packaging Systems
• Liquid Medication Packaging Systems
• Bottle Filling/Pill Counting Automation Systems
• Pouch Packaging Automation Systems
• Others

By Dosage Type:

• Unit Dose Packaging
• Multiple Unit Packaging

By End-User:

• Retail/Community Pharmacy
• Inpatient Pharmacy
• Long-term care (LTC) pharmacies
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage

Geographically, North America dominated the global pharmacy repackaging systems market in 2020 and estimated to hold the largest revenue share of over one-third percent of the market. The United States holds the largest market share in North America due to the increasing awareness regarding automated systems in pharmacies and stringent healthcare regulations. Furthermore, technological advancement and the rising demand for unit-dose packaging are expected to fuel the market growth in the region.

Competitive Assessment

Some of the major market players operating in the global pharmacy repackaging systems market are Omnicell, Inc., Becton Dickinson & Company, Kirby Lester, Swisslog Holding Ltd., and Yuyama Co., Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Omnicell, Inc.
• Becton Dickinson & Company
• Kirby Lester
• Swisslog Holding Ltd.
• Yuyama Co., Ltd.
• TCGRx
• ARxIUM
• Takazono Corporation
• Parata Systems
• Pearson Medical Technologies

Key Questions Answered by Pharmacy Repackaging Systems Market Report

• Global pharmacy repackaging systems market forecasts from 2021-2027
• Regional pharmacy repackaging systems market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
• Pharmacy repackaging systems submarket forecasts from 2021-2027 covering the market by product, by dosage type, by end-user, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to pharmacy repackaging systems market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level pharmacy repackaging systems markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the pharmacy repackaging systems market