Dispensing Pharmacy Packaging Machine Market To Reach USD 4.2 Billion By 2032 | DataHorizzon Research

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The dispensing pharmacy packaging machine market size was valued at USD 2.1 Billion in 2023 and is expected to reach a market size of USD 4.2 Billion by 2032 at a CAGR of 8.3%.

Fort Collins, Colorado, May 14, 2024 (GLOBE NEWSWIRE) —

The growing demand for automated packaging solutions in the pharmaceutical sector drives the industry growth.

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The dispensing pharmacy packaging machine market is experiencing notable growth, primarily fueled by the growing demand for automated packaging solutions within the pharmaceutical industry. These automated machines are pivotal in mitigating medication errors, enhancing patient safety, and optimizing pharmacy operations. According to a report by the World Health Organization (WHO), medication errors contribute to at least one fatality per day and injure approximately 1.3 million individuals annually in the United States alone. These errors can be significantly reduced by adopting automated packaging solutions, leading to a heightened demand for Dispensing Pharmacy Packaging Machines.

The increasing prevalence of chronic diseases globally is another significant driver for the Dispensing Pharmacy Packaging Machine market. With the global population aging and the burden of chronic diseases on the rise, there’s a concurrent surge in demand for medications and efficient packaging solutions. The World Health Organization (WHO) estimates that by 2020, chronic diseases will account for 73% of all deaths and 60% of the global disease burden. This trend is expected to persist, driving the pharmaceutical industry’s need for automated and efficient packaging solutions.

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Segmentation Overview:

The dispensing pharmacy packaging machine market has been segmented into product type, packaging type, sales channel, and region.

Blister packaging accounted for a significant market share in 2023.

  • Blister packaging is widely used for solid oral dosage forms, such as tablets and capsules, due to its ability to provide product protection, tamper-evidence, and easy dispensing. The increasing prevalence of chronic diseases and the growing geriatric population, which often require multiple medications, drive the demand for blister packaging solutions. 

Automatic dispensing pharmacy packaging machine registered a massive growth in the past few years.

  • In 2023, the automatic dispensing pharmacy packaging machine segment is expected to hold the largest market share among the three sub-segments. This can be attributed to the increasing demand for automation in the pharmaceutical industry to improve efficiency, reduce medication errors, and enhance patient safety.  

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Dispensing Pharmacy Packaging Machine Market Report Highlights:

  • The dispensing pharmacy packaging machine market growth is anticipated at a CAGR of 8.3% by 2032.
  • The dispensing pharmacy packaging machine market is expected to see a rise in automation and integration of AI and IoT technologies. There is also a growing trend towards more sustainable and eco-friendly packaging solutions.
  • North America, particularly the United States, is currently the largest regional market for dispensing pharmacy packaging machines. 
  • Some prominent players in the dispensing pharmacy packaging machine market report include Bausch + Ströbel, IMA S.p.A., Körber AG, Marchesini Group S.p.A., OPTIMA packaging group GmbH, Uhlmann Group, MULTIVAC, Romaco Pharmatechnik GmbH, ACG Worldwide, Mutual Corporation, TOSHO co. ltd, and Swiftpack Automation Pvt Ltd.

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About DataHorizzon Research:

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

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