Overview and Scope
The dispensing pharmacy packaging machine is used in preparing medications and nutraceuticals for secure distribution. Pharmacy packaging entails properly positioning the medications in order to preserve and keep their therapeutic efficacy. Packaging improves the product’s overall appearance of quality and aids in permitting strong branding, which promotes the success of businesses.
Sizing and Forecast
The dispensing pharmacy packaging machine market size has grown strongly in recent years. It will grow from $2.03 billion in 2023 to $2.21 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increase in pharmaceutical r&d expenditure, increased healthcare expenditure, rise in disposable income, growing penetration of retail pharmacies, emerging markets growth and increasing population.
The dispensing pharmacy packaging machine market size is expected to see strong growth in the next few years. It will grow to $3.18 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to faster economic growth, growth of pharmaceutical manufacturing, rise in ageing population and increasing government initiatives. Major trends in the forecast period include increasing research and development activities, product innovation, new technology development, mergers and acquisitions, partnerships and collaborations and increasing investments.
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Segmentation & Regional Insights
The dispensing pharmacy packaging machine market covered in this report is segmented –
1) By Product Type: Fully Automatic, Semi-Automatic
2) By Speed: Low Speed, Standard Speed, High Speed
3) By Function: Filling, Wrapping, Mixing And Split, Other Functions
Asia-Pacific was the largest region in the dispensing pharmacy packaging market in 2023. The regions covered in the dispensing pharmacy packaging machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising growth of biopharma is expected to propel the growth of the dispensing pharmacy packaging going forward. Biopharma refers to medical drugs produced using biotechnology. Pharmaceutical packaging machinery provides efficient solutions for preparing pharmaceutical and nutraceutical products for distribution. For instance, according to HCP Detection, an International organizational website for detecting host cell protein data, global biopharmaceuticals are increasing, and the forecast for 2023 is estimated to reach USD 341.16 billion. Therefore, the rising growth of biopharma is driving the dispensing pharmacy packaging machine market.
Key Industry Players
Major companies operating in the dispensing pharmacy packaging machine market report are Yuyama Manufacturing Co Ltd, TOSHO Inc, Marchesini Group SPA, Canon Inc, JVM Co Ltd, Takazono Corporation, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A, Optima Packaging Group GmbH, Romaco Group, Bausch+Stroebel, Uflex Limited, Parekhplast India Limited, Essel Propack Limited, Nipro India Corporation Pvt. Ltd, Shanghai Fosun Pharmaceutical (Group) Co Ltd, Yung Chung machinery co, Jiangsu Yangtze River Pharmaceutical Group, Huhtamaki India Ltd, Vannpax, Blister Packaging Machine, Parata, SGD Pharma, Heqian Industry Co, Abnova, Brothers Pharmamach, Syntegon Technology, Robotik Technology, Constantia Flexibles Pharma, Robert Bosch GmbH, Dara Pharma, Electropak, LOG Primary Packaging, GSK, Novo Nordisk, Sanofi, Novartis, Swisslog Healthcare, Bayer Healthcare Co Ltd, Chiesi Pharmaceuticals, Actelion Pharmaceuticals UK Ltd, AstraZeneca and OMAG Srl, Alpen Pharma Group, AbbVie Ltd, MTS Medication Technologies, Pfizer, IMA Group, Masipack, Pyxis, BD, ATG Pharma, McKesson Canada, Medical Packaging Inc, ARxIUM, Talyst, Shanghai Roche Pharmaceutical Co. Ltd, Amgen, Abbott Diabetes Care, Opuspac, Naveh Pharma LTD, Frank Noe Egypt
The dispensing pharmacy packaging machine market report table of contents includes:
1. Executive Summary
2. Dispensing Pharmacy Packaging Machine Market Characteristics
3. Dispensing Pharmacy Packaging Machine Market Trends And Strategies
4. Dispensing Pharmacy Packaging Machine Market – Macro Economic Scenario
5. Global Dispensing Pharmacy Packaging Machine Market Size and Growth
…
32. Global Dispensing Pharmacy Packaging Machine Market Competitive Benchmarking
33. Global Dispensing Pharmacy Packaging Machine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dispensing Pharmacy Packaging Machine Market
35. Dispensing Pharmacy Packaging Machine Market Future Outlook and Potential Analysis
36. Appendix
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