Though dispensing errors are not frequent, it is the primary causes of preventable adverse drug events. When it comes to optimizing patient safety, lessening dispensing errors becomes paramount. The packaging of any retail product affects the way product is used, but health and safety can be affected by prescription packaging. In order to reduce the administration error, unit dose packaging (UDP) is normally employed in institutional settings. The significance of UD drug distribution systems has been augmented by the embracement and deployment of automated dispensing cabinets (ADCs). These devices are have been pivotal in reducing medication administration errors.
These aforementioned actionable insights are in line with the report titled, “Pharmacy Repackaging Systems Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been recently added to the extensive repository of Market Research Reports Search Engine (MRRSE). Assessing a host of factors in terms of market revenue, the market for repackaging systems is estimated to grow at a compound annual growth rate of over 7% during the assessment period.
Barcode-assisted medication administration systems have been instrumental in reducing medication-administration-errors. Several studies have revealed that application of barcode product verification in the course of preparation, selection and dispensing of electronically ordered pharmaceuticals has led to significant reduction in medication errors. Ergo, the use of barcode technology has received overwhelming support of enthusiastic professional.
Pharmacy Repackaging Systems Market: Report Content
The report limns a comprehensive analysis on pharmacy repackaging systems market for the assessment period 2018-2026 through qualitative and quantitative analysis. The report further states the dynamics including drivers, trends, opportunities and restraints that have significant impact in the growth of the market. Furthermore, the report offers an apt segregation to provide a holistic view of the pharmacy repackaging systems market. The report is segregated on the basis of product type, end-user and region.
The report begins with preface followed by executive summary and market overview section. The market overview section elucidates regulatory landscape, repackaging systems with demand and supply scenario, value chain analysis and Porters’ Five Force Analysis. The value chain analysis focuses on supply chain and profit margin analysis while Porters’ five Force analysis focuses on the competitive landscape of the market.
The last section provides coherent analysis on the competitive scenario of the pharmacy repackaging systems market, including dashboard view, company share analysis, competition position index, competition development—mergers, acquisitions and expansion— and competition deep dive. The last section embodies company overview, strategies, product portfolio, and recent developments. Competitors of the market included in the report are Becton Dickinson & Company (CareFusion Corporation), Swisslog Holding Ltd., Takazono Corporation, Pearson Medical Technologies and Kirby Lester, among others.
Pharmacy Repackaging Systems Market: Research Methodology
Coherent primary and secondary sources substantiate the report on pharmacy repackaging systems market. Primary sources have provided first-hand information on factors such as market size, competitive landscape, growth trends, and market size. These aspects have been instrumental in bolstering and validating secondary research findings. The data collated are discerned and analyzed succinctly by panel of expert.
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