The market for medication pouch inspection systems is anticipated to reach a value of US$ 37 million in 2022 and to grow at a CAGR of 7.6% to reach US$ 59.3 million by the end of 2029.
Future Market Insights projects a comparison and review analysis of the market dynamics for medication pouch inspection systems, which are primarily influenced by a number of industry factors as well as a few clear influences, such as high capital expenditures for installing and maintaining medication pouch inspection systems, which are anticipated to restrain market growth.
The creation of new pharmaceutical pouch inspection systems, which contain features such control mechanisms for inspecting new drugs, is one of the most recent breakthroughs in the sector. In order to penetrate the growing market for pharmacy automation systems, Becton, Dickinson and Company purchased Parata Systems in June 2022.
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The demand for vision inspection systems, a recent development in the automation sector, is driven by the need for medication pouch distribution machines to operate without error. The information is presented in a brand-new research study from Future Market Insights titled “Medication Pouch Inspection Systems Market Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028.” The convenience of the process it offers, which is carried out at a high rate of speed and precision, is expected to make these pouch inspection systems very profitable in the future.
One of the most recent innovations on the market involves new medication pouch inspection systems, which have features like control processes to inspect new pharmaceuticals. In order to enter the market for pharmacy automation systems, Becton, Dickinson and Company acquired Parata Systems in June 2022.
The main reason for this change in growth rate is that business owners are being discouraged from installing pharmaceutical pouch inspection systems in their packaging plants as a result of the shortcomings of the current strategy. Despite these reservations, market growth for pharmaceutical pouch inspection systems is anticipated to be fueled by e-commerce and rising packaged tablet demand.
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Increasing Demand for Accuracy in Medication Dispensing to Boost Sales
Most of the medication pouch inspection systems are capable of performing inspection with around 98% accuracy, which means that only around 2 out of 100 pouches are needed to be inspected by pharmacists. In addition to reducing the probability of error in medication dispensing, medication pouch inspection systems accelerate the productivity at pharmacies, eventually cutting down on the requirement of additional workforce. With growing demand due to such attributes, the market is likely to reach a value of over US$ 55 Mn by the end of 2028ion pouch inspection systems market is estimated to observe a healthy CAGR of 7.6%.
Technological Innovation Remains on Market Players‘ Agenda; Integration of Inspection Systems with Dispensing Machines
Consistent advancements in the industry have been introducing innovative machines to the marketplace. TCGRx has come up with a new machine that inspects medication pouches at 12 parameters, including surface of tablet, length, width, distance to center, length, width, contour, roundness, standard color deviation, sequence, and more.
A number of leading companies are working on the integration of inspection systems with dispensing machines in order to reduce additional costs of individual units. Companies such as Rowa, RxSafe LLC have brought in their own integrated versions of the machines. The medication pouch inspection system provided by JVM Co., Ltd. are integrated with medication registering systems which store data about medication pouches that have been inspected by the machine.
Strategic collaborations and partnerships with pharmacy automation companies are among the top strategies adopted by leading players competing in the global medication pouch inspection systems market.
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Market Taxonomy for Medication Pouch Inspection Systems
The global medication pouch inspection systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Machine Type
- Automatic
- Table Top
By Maximum Operating Speed
- Up to 50 ppm
- 50-75 ppm
- Above 75 ppm
By End User
- Retail Pharmacy
- Hospital Pharmacy
- Long-Term Care Pharmacy
- Mail Order Pharmacy
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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