Global pharmacy repackaging systems market: errors in medications prompt uptake of sophisticated sys

Global Pharmacy Repackaging Systems Market: Errors in Medications Prompt Uptake of Sophisticated Systems, observes TMR

With little or no product differentiation, players in the global pharmacy repackaging systems market are facing tough competition. Despite tough grounds, the players such as Omnicell Inc., and Swisslog Holding AG are leading with a share of about 34% in the global market in 2015.

Companies are expected to focus on expanding to different regions by meeting the specific needs of patients and health care institutes.

According to the research report, the global pharmacy repackaging systems market is expected to be worth US$1.8 bn by the end of 2024 from US$997.1 mn in 2015. Between the forecast years of 2016 and 2024, the global market is estimated to progress at a CAGR of 7.8%.

Browse Global Strategic Business Report: http://www.transparencymarketresearch.com/pharmacy-repackaging-systems-market.html Demand for Efficient Packaging Makes North America Frontrunner in Global Market In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these regions, the North America pharmacy repackaging systems market is expected to lead the global market in the coming years. This dominance is a result of soaring demand for pharmacy repackaging systems from hospitals and pharmacies. By the end of 2024, the North America market will account for a share of 35.5% in the overall market.

The end users in the global pharmacy repackaging systems market are retail/community pharmacy, hospital pharmacy, long-term care (LTC) pharmacies, and mail order pharmacies. Analysts anticipate that the blister card/compliance packaging systems segment is projected to lead the global market in the coming years. This segment is anticipated to acquire a share of 40.8% by the end of 2024 as this technique allows pharmacies to pack medications to suit customer’s requirements, which, in turn, reduces wastage of medicine dosage.

Growing Pressure to Ensure Patient Safety Boosts Global Pharmacy Repackaging Systems Market The rising incidence of erroneous deaths due to improper medications is expected to drive the growth of the global pharmacy repackaging systems market. The market is also benefiting from the

stringent regulations governing various hospitals and health care institutes and pharmacies that demand reduction of such errors, costs, and fatalities due to poor management of dosages. Growing pressure on patient safety has augmented the demand for advanced technologies that have been designed and developed to avoid medication errors. The growing awareness pertaining to the efficient management of inventory with automated technologies is also expected to give the global market a shot in the arm in the coming years.

Lack of Awareness about Benefits of Automated Systems to Dissuade Users However, the high cost of implementation of pharmacy repackaging system is expected to be a key factor responsible for restraining the growth of the global market between 2016 and 2024.

Furthermore, lack of awareness about the potential benefits these automated systems can offer in several regional markets has also been an important inhibitor in the global market. This restraining factor has been predominant in developing countries of the world, where health care institutes are cost-sensitive and lack knowledge about one-time investments that can be reap benefits for a long time.

This review is based on Transparency Market Research’s report, titled “Pharmacy Repackaging Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 2024.”

The global pharmacy repackaging systems market has been segmented as follows: Global Pharmacy repackaging systems Market, by Product type Blister Card/Compliance Packaging Systems Multi Dose Blister Card Packaging Systems Single Dose Blister Card Packaging Systems Heat Sealers Deblistering Machines Pouch Packaging Automation Systems Automatic Tablet Packager Pouch Verification System Bottle Filling/ Pill Counting Automation Systems Automated Bottle Filler Pill Counter Liquid Medication Packaging Systems Oral Liquid Filling Pump Automated Vial Filling Pump Others Global Pharmacy repackaging systems Market, by End-user Retail/Community Pharmacy Hospital Pharmacy Outpatient pharmacy Inpatient Pharmacy Long-term care (LTC) pharmacies Mail order Pharmacies Global Pharmacy repackaging systems Market, by Geography

North America U.S. Canada Europe U.K. Germany France Spain Italy Rest of Europe Asia Pacific China Japan India Rest of Asia Pacific Latin America Brazil Mexico Rest of Latin America Middle East & Africa South Africa Saudi Arabia UAE Rest of Middle East & Africa Download Exclusive Brochure of This Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19964 About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels.

With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com