Albany, NY -- (SBWIRE) -- 01/14/2019 -- Pharmacy Repackaging Systems Market - Snapshot
Increase in number of medication error-related deaths and stringent health care regulations have driven health care providers and retail pharmacists to focus on improving their outpatient services. Pharmacists are constantly looking for advanced technology solutions, ranging from a tablet counter to a compact dispensing robot, in order to improve their pharmacy workflow. Rise in number of outpatient visits encourages pharmacists and hospitals to incorporate automated systems in order to improve their prescription-handling capacity.
pharmacy repackaging systems industry.
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The global pharmacy repackaging systems market continues to expand at a high growth rate. This expansion is driven by the increasing number of medication errors and rising need to improve patient safety. The global pharmacy repackaging systems market is projected to expand at a significant growth rate in the next few years due to rising awareness about benefits of automated systems among health care providers and pharmacists. Incorporating packaging operations within the facility helped hospitals (and also long-term care and retail pharmacies) decrease the costs associated with wasted medication and improve their drug inventory management. Costs are curbed by packaging bulk medication, instead of purchasing pre-packed unit doses from the manufacturer. The pharmacy repackaging systems market is also driven by technological features that allow end-users to incorporate technologies to strengthen their entire process workflow toward enhancing patient safety. High cost of implementation and lack of awareness about benefits of pharmacy repackaging technologies are key factors that are likely to restrain the market.
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Globally, the pharmacy repackaging systems market has been segmented based on product type, end-user, and region. In terms of product type, the market has been classified into blister card/compliance packaging systems, pouch packaging automation systems, bottle filling/ pill counting automation systems, liquid medication packaging systems, and others. In terms of end-user, the market has been segregated into retail/community pharmacy, hospital pharmacy, long-term care (ltc) pharmacies, and mail order pharmacies. Based on region, the market has been split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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