According to the report published by Zion Market Research, global demand for the medication pouch inspection systems market was valued at approximately USD 29.00 Million in 2019 and is expected to generate revenue of around USD 49.70 Million by end of 2026, growing at a CAGR of around 8.0% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for the medication pouch inspection systems market was valued at approximately USD 29.00 Million in 2019 and is expected to generate revenue of around USD 49.70 Million by end of 2026, growing at a CAGR of around 8.0% between 2020 and 2026.
Global Medication Pouch Inspection Systems Market: Overview
Medication pouch inspection systems can inspect pouches rapidly with extremely high precision. The number of pouches that can be inspected every minute can go up to 300. The precision rate is estimated to be close to 98%, which translates to re-inspection of only about 2% of medication pouches manually. The demand and popularity of the medication pouch inspection systems market across the globe can be attributed to the rising automation trends due to the limited availability of skilled workforce and highly automated work requirements.
Global Medication Pouch Inspection Systems Market: Growth Factors
The major growth driver of the global medication pouch inspection systems market in the future is the growing automation trends due to the limited availability of skilled workforce and highly automated work requirements. Another factor anticipated to contribute notably toward the expansion of the medication pouch inspection systems market globally over the estimated timeframe is the various benefits of these systems, such as dispensing packaged tablets, spotting some errors while dispensing tablets for patients. Furthermore, medication pouch inspection systems reduce substantial amounts of manual inspection, which, in turn, reduces manual labor time along with lowering the chances of errors. This is projected to positively impact the market for medication pouch inspection systems in the years ahead.
However, huge capital investments for medication pouch inspection systems’ installation and the availability of cheaper labor options may hinder the growth of the medication pouch inspection systems market on a global scale over the estimated timeframe.
Global Medication Pouch Inspection Systems Market: Segmentation
The global medication pouch inspection systems market is categorized into type, operating speed, and application. By type, the medication pouch inspection systems market includes table-top and automatic. The table-top segment is estimated to grow considerably in the global market over the forecast timespan, owing to their ease to use apart from being more economical and compact in comparison to their automatic counterparts. The operating speed segment of the market includes more than 75 ppm, between 50 and 75 ppm, and below 50 ppm. On the basis of application, the market for medication pouch inspection systems is classified into mail-order pharmacy, long-term care pharmacy, hospital pharmacy, and retail pharmacy.
Global Medication Pouch Inspection Systems Market: Regional Analysis
By region, this global market is primarily divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. The North American and European regions are projected to dominate the global medication pouch inspection systems market over the estimated time period. This regional growth can be attributed to the rising technological advancements and ease in operations provided by these medication pouch inspection systems. Moreover, the presence of well-developed healthcare facilities and infrastructure makes both the regions able to afford the huge capital investments needed for adopting these medication pouch inspection systems. The Asia Pacific medication pouch inspection systems market is likely to grow rapidly in the years ahead, owing to the availability of cheaper labor options, particularly in the developing nations, such as India and China.
Global Medication Pouch Inspection Systems Market: Competitive Players
Some important players of the medication pouch inspection systems market are PTI, Nireco, Global Factories, Parata Systems, ZiuZ Holding, ARxIUM, TCGRx, and JVM, among others.
Medication Pouch Inspection Systems Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Medication Pouch Inspection Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Medication Pouch Inspection Systems Market
FIG. 6 Global Medication Pouch Inspection Systems Market Attractiveness, By Type
FIG. 7 Global Medication Pouch Inspection Systems Market Attractiveness, By Operating Speed
FIG. 8 Global Medication Pouch Inspection Systems Market Attractiveness, By Application
FIG. 9 Global Medication Pouch Inspection Systems Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global Medication Pouch Inspection Systems Market Revenue Share, by Type, 2019 & 2026
FIG. 12 Global Medication Pouch Inspection Systems Market for Table-Top, Revenue (USD Million) 2016 - 2026
FIG. 13 Global Medication Pouch Inspection Systems Market for Automatic, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Medication Pouch Inspection Systems Market Revenue Share, by Operating Speed, 2019 & 2026
FIG. 15 Global Medication Pouch Inspection Systems Market for more than 75 ppm, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Medication Pouch Inspection Systems Market for between 50 and 75 ppm, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Medication Pouch Inspection Systems Market for below 50 ppm, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Medication Pouch Inspection Systems Market Revenue Share, by Application, 2019 & 2026
FIG. 19 Global Medication Pouch Inspection Systems Market for Mail Order Pharmacy, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Medication Pouch Inspection Systems Market for Long-Term Care Pharmacy, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Medication Pouch Inspection Systems Market for Hospital Pharmacy, Revenue (USD Million) 2016 - 2026
FIG. 22 Global Medication Pouch Inspection Systems Market for Retail Pharmacy, Revenue (USD Million) 2016 - 2026
FIG. 23 Global Medication Pouch Inspection Systems Market Revenue Share, by Region, 2019 & 2026
FIG. 24 North America Medication Pouch Inspection Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 25 Europe Medication Pouch Inspection Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 26 Asia Pacific Medication Pouch Inspection Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 27 Latin America Medication Pouch Inspection Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 28 The Middle-East and Africa Medication Pouch Inspection Systems Market Revenue, 2016 - 2026 (USD Million)
FIG. 29 PTI Business Segment Revenue Share, 2018 (%)
FIG. 30 PTI Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global Medication Pouch Inspection Systems Market: Snapshot
TABLE 2 Drivers of the Medication Pouch Inspection Systems Market: Impact Analysis
TABLE 3 Restraints for the Medication Pouch Inspection Systems Market: Impact Analysis
TABLE 4 Global Medication Pouch Inspection Systems Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Medication Pouch Inspection Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Medication Pouch Inspection Systems Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 7 North America Medication Pouch Inspection Systems Market Revenue, by Operating Speed, 2016 – 2026 (USD Million)
TABLE 8 North America Medication Pouch Inspection Systems Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 9 Europe Medication Pouch Inspection Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 10 Europe Medication Pouch Inspection Systems Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 11 Europe Medication Pouch Inspection Systems Market Revenue, by Operating Speed, 2016 – 2026 (USD Million)
TABLE 12 Europe Medication Pouch Inspection Systems Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 13 Asia Pacific Medication Pouch Inspection Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 14 Asia Pacific Medication Pouch Inspection Systems Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific Medication Pouch Inspection Systems Market Revenue, by Operating Speed, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific Medication Pouch Inspection Systems Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 17 Latin America Medication Pouch Inspection Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 18 Latin America Medication Pouch Inspection Systems Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 19 Latin America Medication Pouch Inspection Systems Market Revenue, by Operating Speed, 2016 – 2026 (USD Million)
TABLE 20 Latin America Medication Pouch Inspection Systems Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 21 The Middle-East and Africa Medication Pouch Inspection Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 22 The Middle-East and Africa Medication Pouch Inspection Systems Market Revenue, by Type, 2016 – 2026 (USD Million)
TABLE 23 The Middle-East and Africa Medication Pouch Inspection Systems Market Revenue, by Operating Speed, 2016 – 2026 (USD Million)
TABLE 24 The Middle-East and Africa Medication Pouch Inspection Systems Market Revenue, by Application, 2016 – 2026 (USD Million)
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The medication pouch inspection system can inspect pouches rapidly with extremely high precision. The number of pouches that can be inspected every minute can go up to 300. The precision rate is estimated to be close to 98%, which translates to re-inspection of only about 2% of medication pouches manually
The major growth driver of the global medication pouch inspection systems market in the future is the growing automation trends due to the limited availability of skilled workforce and highly automated work requirements.
According to Zion Market Research, the global demand for the medication pouch inspection systems market is expected to generate revenue of around USD 49.70 Million by end of 2026, growing at a CAGR of around 8.0% between 2020 and 2026.
Some main participants of the medication pouch inspection systems market are PTI, Nireco, Global Factories, Parata Systems, ZiuZ Holding, ARxIUM, TCGRx, and JVM, among others.
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