Market Overview:
The global medication pouch inspection systems market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for medication pouch inspection systems from retail pharmacies, hospital pharmacies, long-term care pharmacies, and mail order pharmacies. Additionally, the growing awareness about counterfeit drugs is also propelling the growth of this market. However, lack of standardization across countries may restrain the growth of this market during the forecast period.
Product Definition:
A medication pouch inspection system is a device that is used to inspect medication pouches for any defects. This device helps to ensure that the medication pouches are of good quality and do not contain any defects. The importance of using a medication pouch inspection system is that it helps to ensure that the patients receive high-quality medications.
Automatic:
The global Automatic, it's usage and growth factor in Medication Pouch Inspection Systems market size was valued at USD 6.5 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing incidence of medication errors is one of the key factors driving demand for automatic identification technology in pouches & bags used for medical & healthcare products worldwide.
According to an article published by Mondaq, Inc.
Table-top:
The global table-top and it's usage in medication pouch inspection systems market size was valued at USD 6.5 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing number of product launches, technological advancements, rising healthcare expenditure, and growing awareness about hospital safety are some major factors driving the growth of this industry globally.
Application Insights:
The retail pharmacy segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to an increase in healthcare spending, particularly by individuals from developed countries such as U.S., Canada, Germany and France. According to a study published by the World Health Organization (WHO) in 2016, it was estimated that around USD 870 billion was spent on pharmaceuticals annually by individuals from developed countries like these aforementioned nations. This amount is anticipated to grow at a significant rate owing to aging population and rising incidences of chronic diseases such as cancer & heart diseases across these regions which will further boost product demand globally during the forecast period.
Regional Analysis:
North America dominated the global medication pouch inspection systems market in 2017. The presence of stringent regulatory guidelines and rising healthcare expenditure are some of the factors responsible for North America’s dominance. In addition, a high number of local players operating in this region is expected to contribute towards growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing government initiatives and investments coupled with improving healthcare infrastructure in emerging countries such as China, India, South Korea & Japan (CISSKM). Furthermore, growing awareness among patients about drug safety and security issues will drive regional demand further.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the growing preference for less-invasive procedures over traditional open surgery, which leads to shorter hospital stays, lower complication rates, and reduced costs. This is likely to drive the demand for medication pouch inspection systems as they are essential components of minimally invasive surgical procedures.
- Rising incidence of chronic diseases: The prevalence of chronic diseases such as cancer, heart disease, and diabetes is on the rise globally due to changing lifestyles and aging populations. This has led to an increase in the number of patients requiring long-term treatment with multiple medications. As a result, there is an increasing need for reliable medication pouch inspection systems that can ensure accurate dosing and reduce the risk of medication errors.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medication Pouch Inspection Systems Market Research Report
By Type
Automatic, Table-top
By Application
Retail Pharmacy, Hospital Pharmacy, Long-term Care Pharmacy, Mail Order Pharmacy
By Companies
PTI, Nireco, Global Factories, Parata Systems, ZiuZ Holding, ARxIUM, TCGRx, JVM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Medication Pouch Inspection Systems Market Report Segments:
The global Medication Pouch Inspection Systems market is segmented on the basis of:
Types
Automatic, Table-top
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Pharmacy, Hospital Pharmacy, Long-term Care Pharmacy, Mail Order Pharmacy
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PTI
- Nireco
- Global Factories
- Parata Systems
- ZiuZ Holding
- ARxIUM
- TCGRx
- JVM
Highlights of The Medication Pouch Inspection Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automatic
- Table-top
- By Application:
- Retail Pharmacy
- Hospital Pharmacy
- Long-term Care Pharmacy
- Mail Order Pharmacy
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medication Pouch Inspection Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medication pouch inspection systems are a type of medical device that help to ensure that medications are properly stored and protected from potential contamination. These systems typically use a variety of sensors to detect any potential issues with the medication, such as leaks or improper storage conditions. If there is an issue detected, the system can alert the user or healthcare provider accordingly.
Some of the major players in the medication pouch inspection systems market are PTI, Nireco, Global Factories, Parata Systems, ZiuZ Holding, ARxIUM, TCGRx, JVM.
The medication pouch inspection systems market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medication Pouch Inspection Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medication Pouch Inspection Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medication Pouch Inspection Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medication Pouch Inspection Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medication Pouch Inspection Systems Market Size & Forecast, 2018-2028
4.5.1 Medication Pouch Inspection Systems Market Size and Y-o-Y Growth
4.5.2 Medication Pouch Inspection Systems Market Absolute $ Opportunity
Chapter 5 Global Medication Pouch Inspection Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medication Pouch Inspection Systems Market Size Forecast by Type
5.2.1 Automatic
5.2.2 Table-top
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medication Pouch Inspection Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medication Pouch Inspection Systems Market Size Forecast by Applications
6.2.1 Retail Pharmacy
6.2.2 Hospital Pharmacy
6.2.3 Long-term Care Pharmacy
6.2.4 Mail Order Pharmacy
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medication Pouch Inspection Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medication Pouch Inspection Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medication Pouch Inspection Systems Analysis and Forecast
9.1 Introduction
9.2 North America Medication Pouch Inspection Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medication Pouch Inspection Systems Market Size Forecast by Type
9.6.1 Automatic
9.6.2 Table-top
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medication Pouch Inspection Systems Market Size Forecast by Applications
9.10.1 Retail Pharmacy
9.10.2 Hospital Pharmacy
9.10.3 Long-term Care Pharmacy
9.10.4 Mail Order Pharmacy
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medication Pouch Inspection Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Medication Pouch Inspection Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medication Pouch Inspection Systems Market Size Forecast by Type
10.6.1 Automatic
10.6.2 Table-top
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medication Pouch Inspection Systems Market Size Forecast by Applications
10.10.1 Retail Pharmacy
10.10.2 Hospital Pharmacy
10.10.3 Long-term Care Pharmacy
10.10.4 Mail Order Pharmacy
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medication Pouch Inspection Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medication Pouch Inspection Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medication Pouch Inspection Systems Market Size Forecast by Type
11.6.1 Automatic
11.6.2 Table-top
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medication Pouch Inspection Systems Market Size Forecast by Applications
11.10.1 Retail Pharmacy
11.10.2 Hospital Pharmacy
11.10.3 Long-term Care Pharmacy
11.10.4 Mail Order Pharmacy
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medication Pouch Inspection Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Medication Pouch Inspection Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medication Pouch Inspection Systems Market Size Forecast by Type
12.6.1 Automatic
12.6.2 Table-top
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medication Pouch Inspection Systems Market Size Forecast by Applications
12.10.1 Retail Pharmacy
12.10.2 Hospital Pharmacy
12.10.3 Long-term Care Pharmacy
12.10.4 Mail Order Pharmacy
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medication Pouch Inspection Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medication Pouch Inspection Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medication Pouch Inspection Systems Market Size Forecast by Type
13.6.1 Automatic
13.6.2 Table-top
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medication Pouch Inspection Systems Market Size Forecast by Applications
13.10.1 Retail Pharmacy
13.10.2 Hospital Pharmacy
13.10.3 Long-term Care Pharmacy
13.10.4 Mail Order Pharmacy
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medication Pouch Inspection Systems Market: Competitive Dashboard
14.2 Global Medication Pouch Inspection Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PTI
14.3.2 Nireco
14.3.3 Global Factories
14.3.4 Parata Systems
14.3.5 ZiuZ Holding
14.3.6 ARxIUM
14.3.7 TCGRx
14.3.8 JVM
