Pharmacy Repackaging Systems Market to Surge at a CAGR of 7.8% by 2026

A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also provide insights into the key trends of the pharmacy repackaging systems market such as outsourcing to third party repackaging companies. The key market indicators influencing global pharmacy repackaging systems market taken into consideration including cost constraints and regulatory landscape. The report also includes market attractiveness analysis of the major segments that provides a thorough analysis of the overall competitive scenario in the global pharmacy repackaging systems market. The report also highlights key events of the global pharmacy repackaging systems industry. A value chain analysis along with list of major players, hospitals and distributors is also included in the report.

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Market value in terms of US$ Mn for the period between 2016 and 2026 along with the compound annual growth rate (CAGR %) from 2018 to 2026 are provided for all the segments, considering 2017 as the base year. The year-on-year growth of the global pharmacy repackaging systems market for each segment is also reflected. Additionally, market related factors such as increasing preference for product innovation, cost reduction for hospitals, greater affordability for patients in various geographies, and historical year-on-year growth have been taken into consideration while estimating the market size.

Pharmacy Repackaging Systems Market: Segmentation

Based on product type, the global pharmacy repackaging systems market has been segmented into blister card/compliance packaging systems, pouch packaging automation systems, bottle filling/ pill counting automation systems, liquid medication packaging systems, and others. Based on end-user, the market has been classified into retail/community pharmacy, hospital pharmacy, long-term care (ltc) pharmacies, and mail order pharmacies. The retail/community pharmacy segment is expected to dominate the market during the forecast period.

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Transparency Market Research (TMR) has published a new report titled, "Pharmacy Repackaging Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026". According to the report, the global Pharmacy Repackaging systems market was valued at US $ 1146.8 Mn in 2017. It is projected to expand at a CAGR of 7.8% from 2018 to 2026. Factors such as increasing number of medication errors that fuel the need to improve patient safety and rising focus on reducing cost and wastage of inventory are driving the global market. North America is projected to dominate the global pharmacy repackaging systems market, owing to stringent healthcare regulations to improve patient safety in the region. Asia Pacific and Latin America are highly lucrative markets. The pharmacy repackaging systems market in Asia Pacific is projected to expand at a CAGR of 8.3% during the forecast period. Rapid expansion of healthcare industry in major countries and aging population are key factors that drive the pharmacy repackaging systems market in the region.

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