About Medication Packaging Systems
Medication packaging is the packaging process for pharmaceutical preparations. It involves dispensing, dosing, and use of the pharmaceutical product. It is a highly regulated system with packaging processes, depends on the region. Medication packaging systems increase medication adherence and thereby improves health outcomes for patients on complicated medication regimens.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Medication Packaging Systems is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Systems and Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medication Packaging Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cardinal Health, Inc. (United States), Omnicell, Inc. (United States), Becton, Dickinson and Company (United States), Talyst, LLC (United States), Parata Systems LLC (United States), TCGRx (United States), McKesson Corporation (United States), KUKA AG (Germany) and Pearson Medical Technologies LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are RxSafe, LLC (United States), ARxIUM, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Medication Packaging Systems market by Type (Blister Card, Pouch and Others) and Region.
On the basis of geography, the market of Medication Packaging Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Use Verticals, the sub-segment i.e. Retail will boost the Medication Packaging Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastic will boost the Medication Packaging Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System, the sub-segment i.e. Unit-dose will boost the Medication Packaging Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Packaging Innovations across the Globe and Growing Awareness towards Easy Medications
Market Growth Drivers:
Rising Demand for Medication Packaging from mail-order pharmacies and hospitals and Medication Packaging Systems are Available in Low Prices
Challenges:
Stringent Regulations on the Medication Packaging Systems
Restraints:
Fluctuations in Raw Material Prices
Opportunities:
Growing Adoption of Medication Packaging Systems will create Opportunities for the Market Growth
Market Leaders and their expansionary development strategies
In March 2023, The acquisition of Changsung Softgel System aligns with CVC Technologies' long-term business strategies and direction, and the combination of technologies, drives, and resources will create the synergy needed to provide the best opportunities for success. This acquisition further enhances CVC Technologies' position as a global leader for packaging machinery, including a focus on being a quality softgel encapsulation process equipment supplier.
In July 2021, Cardinal Health has launched NavixRx Compliance Packaging and E-Commerce Storefront. These new launches help to change customers’ expectations and offer services.
According to World Health Organization, Special precautions are to be observed, including a careful examination of the packaging area and equipment to ascertain the line clearance before and after packaging operations.
Key Target Audience
Medication Packaging Systems, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.