Dispensing Pharmacy Packaging Machine Market to Witness High Demand During 2020-2030 with Top Key Players | Takazono Corporation, TOSHO Inc., Canon Lifecare Solutions Inc.

Global Market for Dispensing Pharmacy Packaging Machine Market – Overview

In addition, the global dispensing pharmacy packaging machine market is expected to rise at a CAGR of 7.5%, with a value of USD 2.31 billion over the estimated forecasting year of 2020-2030.

Packaging machinery refers to a device used for packing different products and components. It plays a significant role in facilitating the packaging of small sachets szto big cartons, providing tamper resistance, and ensuring the safety of the products. Different dispensing pharmacy packaging machine market are utilized to sort, count, and accumulate various items. Due to technological progress, packaging machines have become more advanced and include numerous process operations such as fabrication, filling, sealing, cleaning, combining, labeling, palletizing, and overwrapping.

Apart from extending the contents’ shelf-life and protecting them against external elements like biological contamination, degradation, physical damage, and counterfeiting, the packaging is also utilized for enhancing the appearance of fast-moving consumer goods such as over-the-counter pharmaceuticals, processed food and beverages, and cosmetics. Moreover, consumers nowadays prefer flexible, lightweight, easy-to-carry packages. This is further supported by changing lifestyles and hectic schedules, which have increased the need for convenient packaging solutions, thereby driving the demand for modern packaging machinery across the globe. Besides this, the leading packaging machinery firms are engaging in merger and acquisitions activities to expand and increase the efficiency of their existing production facilities.

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Global Dispensing Pharmacy Packaging Machine Market – Prominent Players
Takazono Corporation, TOSHO Inc., Canon Lifecare Solutions Inc., Nisshin Medical Device Co., Ltd., and Yung chung machinery co., Ltd. are some of the key players in the global dispensing pharmacy packaging machine market. Futain Industry Trading Co. and Heqian industry co., Ltd. are the other leading companies in the global dispensing pharmacy packaging machine market.

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Dispensing Pharmacy Packaging Machine Market   – Segments:

The global dispensing pharmacy packaging machine market has been segmented into product type, speed, function, and regional sectors. The market is divided into two sections: automatic and semi-automatic with the product type. By speed section, the global market is further classified into three sections low-speed, standard speed, and high-speed. The market is divided into six sections with the function sections: inspection & re-packaging, varying packaging sizes, convenient replacement, advanced networking, fast dispensing rate, and automatic canister systems. The regional sectors are divided into five parts Asia-pacific, Europe, North America, South America, and Middle East & Africa.           

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Regional Analysis:

North America is expected to dominate the overall dispensing pharmacy packaging machine market throughout the forecast period due to the huge number of geriatric patients and obese patients in the United States demanding the central fill pharmacy model owing to their advantages. For instance, the American Medical Association reported that nearly 40% of adults over the age of 20, representing about 93.3 million people in the United States, were obese, which is projected to increase in the forecast period driving the market.

Furthermore, a rise in the growing number of medication errors due to human intervention in specialty medication dispenses results in steep demand to focus on providing value-based care to patients in the United States. Also, an increase in the shift towards automated systems due to reduced labor costs for filling, packaging, and labeling coupled with enhanced compounding and dispensing has drawn attention in this market, driving the demand in the North American central fill pharmacy market and contributing to its outstanding market revenue share throughout the forecast period.

Industrial News:

The dispensing pharmacy packaging machine market is moderately competitive and consists of several major players. In terms of market share, few major players are focusing on developing new ways to enhance the services by providing a central fill pharmacy model. Prominent players are also focusing on product approvals and product launches. They are engaged in establishing strategic alliances and collaborating with other companies operating in this market across the globe.

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1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL DISPENSING PHARMACY PACKAGING MACHINE MARKET, BY PRODUCT TYPE 15

1.1.2 GLOBAL DISPENSING PHARMACY PACKAGING MACHINE MARKET, BY SPEED 16

1.1.3 GLOBAL DISPENSING PHARMACY PACKAGING MACHINE MARKET, BY FUNCTION 17

1.1.4 GLOBAL DISPENSING PHARMACY PACKAGING MACHINE MARKET, BY REGION 18

2 MARKET INTRODUCTION

2.1 DEFINITION 20

2.2 SCOPE OF THE STUDY 20

2.3 MARKET STRUCTURE 20

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 21

3.2 PRIMARY RESEARCH 22

3.3 SECONDARY RESEARCH 23

3.4 MARKET SIZE ESTIMATION 23

3.5 TOP-DOWN And BOTTOM-Up APPROACH 24

3.6 FORECAST MODEL 25

3.7 LIST OF ASSUMPTIONS 26

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 Introduction 29

5.1.1 Drivers 30

5.1.2 Growing Demand For Automation In The Pharmaceutical Industry 30

5.1.3 Growth Of The Pharmaceutical Industry 31

5.1.4 DRIVERS IMPACT ANALYSIS, 32

5.1.5 Restraints 33

5.1.6 Lack Of Skilled Labor 33

5.1.7 High Installation And Maintenance Costs 33

5.1.8 RESTRAINT IMPACT ANALYSIS, 34

5.1.9 Opportunity 35

5.1.10 Scope Of Growth In Asia-Pacific 35

6 MARKET FACTOR ANALYSIS

6.1 Supply Chain Analysis 36

6.1.1 Raw Material & Component Supply 36

6.1.2 Manufacturing & Assembly 37

6.1.3 End Use 37

6.1.4 Aftersales Service 37

7 Market Factor Analysis

7.1 Porter’s Five Forces Model 38

7.1.1 Threat Of New Entrants 39

7.1.2 Bargaining Power Of Suppliers 39

7.1.3 Bargaining Power Of Buyers 39

7.1.4 Threat Of Substitutes 39

7.1.5 Rivalry 39

8 GLOBAL DISPENSING PHARMACY PACKAGING MACHINE MARKET, BY Product Type

8.1 OVERVIEW 40

8.1.1 FULLY AUTOMATIC 41

8.1.2 Semi-Automatic 41

9 GLOBAL DISPENSING PHARMACY PACKAGING MACHINE MARKET, BY SPEED

9.1 OVERVIEW 43

9.1.1 LOW SPEED 44

9.1.2 STANDARD SPEED 44

9.1.3 HIGH SPEED 44

10 GLOBAL DISPENSING PHARMACY PACKAGING MACHINE MARKET, By FUNCTION

10.1 OVERVIEW 46

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