Medication Dispensing & Packaging Systems Market

Posted by surendra choudhary on July 31st, 2019

According to various surveys that have taken place globally, it has been found that around 5% of the patients have to go to medical attention due to wrong consumption of medication. The automatic medication dispensing & packaging systems has provided an efficient solution for this concern by dispensing medication for one time intake in a sachet with the patient and medication details. Moreover, this adds great ease in handling a large volume of medication prescription in a much lesser time. The automatic medication dispensing & packaging systems have evolved from the tabletop unit dose medication pouch packaging systems which contain a single small canister of tablets and dispense tablets in pouch according to operator’s instructions. Pharmacy automation technology, including medication dispensing & packaging systems market, is rising at a considerable pace majorly in developed countries of North America and Western Europe due to a large number of retail pharmacy chains operating regionally and handling a large volume of prescriptions.

Medication Dispensing & Packaging Systems Market Key Developments

Majority of the players in global medication dispensing & packaging systems market are focusing on establishing a strategic partnership with end-users such as retail pharmacy chains, hospital pharmacies, long-term care pharmacies and others. Regarding technological advancements, the operating speed of medication dispensing & packaging systems has grown from 2,400 pouches to 18,000 pouches per hour. This has enabled pharmacies to minimize workforce and eliminate human errors in serving prescribed medication to the consumer. Integration of medication verification systems has added great operating accuracy and consumer satisfaction with the service provided by the pharmacy. Advanced operating systems incorporated in the medication dispensing & packaging systems has enabled usage of various application software that performs several patient and medication related analysis and stores information for future reference. These developments has propelled the medication dispensing & packaging systems market.

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Medication Dispensing & Packaging Systems Market Segmentation

The global medication dispensing & packaging systems market can be segmented on the basis of technology as

• Automatic
• Semi-Automatic

To create the medication dispensing & packaging systems market opportunity in low volume sale pharmacies and startups, some of the players in pharmacy automation technology are providing an economic, semi-automatic medication dispensing & packaging systems with lesser capabilities. The automatic medication dispensing & packaging systems are continuously advancing towards reducing machine footprint and enhance operating speed.

The global medication dispensing & packaging systems market can be segmented on the basis of maximum operating speed as

• Up to 50 ppm (pouches per minute)
• 50 to 65 ppm
• 65 to 90 ppm
• Above 90 ppm

The global medication dispensing & packaging systems market can be segmented on the basis of end-user as

• Retail pharmacy
• Independent
• Regional chain
• Long-term care pharmacy
• Hospital pharmacy
• Compounding pharmacy

The global medication dispensing & packaging systems market can be segmented on the basis of the geographical region as

• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East & Africa (MEA)
• Asia Pacific excluding Japan (APEJ)
• Japan

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Medication Dispensing & Packaging Systems Market Research Methodology

The medication dispensing & packaging systems market is dependent on the investment chttps://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=43328apability and growth of the pharmaceuticals and healthcare industry. Therefore, to arrive at the regional market share of the global medication dispensing & packaging systems market, all the countries in each region are studied with respect to the pharmaceuticals market and trade data, GDP in each country which indicates the investment capability of consumers and pharmacies, availability of raw materials and machinery manufacturing industry, and few other factors are studied and given suitable weight to arrive at the market share of each region. To arrive at the global medication dispensing & packaging systems market volume, the global or regional market share and sales of prominent market players are evaluated. Moreover, to check the estimated medication dispensing & packaging systems market size, the prominent pharmacy chains are interviewed regarding their requirement for medication dispensing & packaging systems.

According to International Pharmaceutical Federation, around half of the patients receive medication from hospital pharmacy while only around 13% of the pharmacists work at hospital pharmacies. This indicates high opportunity in hospital pharmacies for medication dispensing & packaging systems market.