Medication Pouch Inspection Systems Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Medication Pouch Inspection Systems Market is segmented By Machine Type (Automatic, Table Top, Others), By Capacity (Up to 150 Pouches, 150-350 Pouches, 350-750 Pouches, Above 750 Pouches), By 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, Hospital Inpatient, Hospital Outpatient, Nutraceutical, Others), By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Medication Pouch Inspection Systems Market Overview

The Global Medication Pouch Inspection Systems Market is predicted to reach a CAGR of 7.6% during the forecast period (2024-2031).

Medical pouch inspection systems help verify packaging accuracy in several industries—some typical end-user industry in a pouch. Moreover, due to immense R&D activities in the field, these systems can be readily integrated with the existing infrastructure, reducing the need for extra space and machinery. In addition, the players aim to introduce highly advanced medication pouch inspection systems with attributes such as a control process that examines several medications. This will aid in analyzing various packaging at once, therefore boosting the medication pouch inspection system market.

Furthermore, medication pouch inspection systems can examine pouches rapidly with extremely high precision. The number of pouches that can be examined every minute can go up to 300. The precision rate is expected to be close to 98%, turning to re-inspection of only about 1.89% of medication pouches physically. The popularity and demand of the medication pouch inspection systems market across the globe can be attributed to the growing automation trends due to the limited availability of a proficient workforce and highly automated work requirements.

Medication Pouch Inspection Systems Market Scope and Summary

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Medication Pouch Inspection Systems Market Dynamics and Trends

The increasing inclination of consumers towards the pharmaceutical industry is triggering the demand for medication pouch inspection systems in recent times. Growing demand for packaged tablets creates a strong opportunity for the medication pouch inspection systems market growth.

Increasing demand for medical pouch inspection systems from various end-users is expected to boost the market growth

The medication pouch inspection systems market is anticipated to grow significantly during the forecast period due to the well-organized packing in many industries like food and beverages, pharmaceuticals and e-commerce. In 2015, the global market value of pharmaceutical packaging was about US$ 68.74 billion and was expected to reach US$ 104.87 billion by 2022 is one of the chief growth drivers in the market is expanding automation trends. Moreover, in 2019, the global market value of food packaging was expected to be worth about US$ 304.87 billion. In addition, packaged food sales of Nestlé S.A. amounted to about US$ 93.24 billion, while Farmer Bros. Co. generated sales amounting to about US$ 602.89 million from packaged foods.

Growing demand for medication pouch inspection systems from e-commerce and packaged tablets are expected to drive the market growth

The eCommerce market revenue is expected to reach US$ 2,723,990 million in 2021 and is expected to grow at a CAGR of 6.28% during the forecast period. Also, in 2018, the global market value of healthcare packaging was about US$ 101.18 billion and was expected to reach US$ 145.89 billion by 2024. Apart from this, another factor anticipated to boost the growth of the medication pouch inspection systems market is eliminating human error.

Pouch Inspection is a repetitive task, and a person is supposed to inspect hundreds of pouches at a time. This increases the chances of error, and however, the ability of these systems to dispense packaged tablets, spotting minute errors, increases the demand for medication pouch inspection systems in the market. Thus, providing a substantial boost to the medication pouch inspection systems. On the other hand, the advancement of technology will further create various opportunities for the growth of the medication pouch inspection systems market during the forecast period.

Moreover, around 5% of the patients in the world need to get medical attention due to the wrong intake of medication. This has grown the importance of pharmacy automation technologies such as medication pouch inspection systems and medication dispensing systems to reduce the probability of error in medication received by the patient. For example, most medical pouch inspection systems can perform an inspection with around 98% accuracy, which means that only around 2 out of 100 pouches need to be inspected by pharmacists. Therefore, medical pouch inspection systems reduce the probability of error in medication dispensing and reduce the workforce's requirement by increasing the pace and productivity at a pharmacy.

High capital investments for installing and maintaining the system is expected to hinder the market growth

However, the high capital investments for installing and maintaining medication pouch inspection systems are expected to hinder market growth. Due to this, small-scale industries are continuing with a manual system. Moreover, rising investment by the key players for the research and development of flexible and easy-to-integrate medication pouch inspection systems is expected to create an opportunity for the growth of the global market.

Medication Pouch Inspection Systems Market Segmentation Analysis

By operating speed, the market is segmented into up to 50 ppm, 50-75 ppm and above 75 ppm.

The 50 to 75 ppm working speed segment is expected to witness a tremendous growth rate during the forecast period due to the growing demand for medical pouches for the packaging of prescription drugs. Moreover, the usage of medical pouches has increased due to the growth of the pharmaceutical industry. The pharmaceutical industry is accountable for the research, development, production, and distribution of medications. As a result, the market has experienced significant growth during the past two decades, and pharma revenues globally totaled US$ 1.24 trillion in 2019. As a result, consumers prefer medical packaging & pouches as they offer essential information about the drug, for instance, expiry date of the medicine, prescription, time & date of intake of medicines, name of the patient, and other details.

Furthermore, the demand and supply analysis indicates that the growth of the pharmaceutical market boosts the medical pouch inspection systems market. Value chain participants in the global medical pouch inspection systems market focus on adopting business models and growth strategies in synchronization with the automation of medical pouch inspection systems. As a result, the retail pharmacy segment in the medical pouch inspection systems market is expected to create a high incremental opportunity during the forecast period.

Global Medication Pouch Inspection Systems Market Geographical Analysis

Based on the geography, the medication pouch inspection systems market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa. The demand for medication pouch inspection systems in the North American market is expected to remain at the dominant position in sales and value generation due to the growing volume of trade and e-commerce in countries such as the U.S.

North America is witnessing significant market growth during the forecast period

North America is anticipated to attain the highest total revenue for the medication pouch inspection systems market due to the rising demand for medication pouch in the region attributed to increasing geriatric populations, availability of advanced health care units and increasing disposable income in the region. Moreover, European regions are expected to dominate the global medication pouch inspection systems market during the forecast period due to the growing technological advancements and ease in operations provided by these medication pouch inspection systems. In addition, the presence of well-developed healthcare facilities and infrastructure makes this region able to afford the huge capital investments needed for adopting these medication pouch inspection systems.

The APAC medication pouch inspection systems market is expected to grow rapidly during the forecast period due to cheaper labor options, particularly in developing nations like China and India. However, developing countries in East & South Asia will lead to the growth rate during the forecast period. Moreover, key players are strategically expanding their sales through acquisitions and expansions in the Asian region are expected to boost the growth of the medical pouch inspection systems market and grow the value share of medical pouch inspection systems in the region.

Medication Pouch Inspection Systems Market Companies and Competitive Landscape

The medication pouch inspection systems market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. Global Factories, JVM CO. Ltd., ARxIUM, ZiuZ Holding B.V., Parata Systems LLC, Syntegon Technology GmbH, Thermo Fisher Scientific Inc., Best Health Solutions, Nipro Pharma Packaging, CSECO are the major player in the packaging market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the medication pouch inspection systems market globally.

Global Factories

Overview: Global Factories is a growing organization in pharmacy automation. High-quality and state-of-the-art products offer innovative solutions for the safer distribution of medicines. The company challenged itself to combine its creativity, technique and insights into forward-thinking, unique and efficient systems to improve patients’ lives. Through smart partnerships, they can build a strong brand and travel worldwide to learn from, understand and listen to its customers and exchange knowledge with its business partners.

Product Portfolio: MDM Series were the primary medicine detection machines on the market, streamlining pouch verification for pharmacists around the globe ever since. MDM Series individually verifies pouches' content from dispensing machines based on the directions to detect any dispensing error. They are safe, reliable and cost-efficient, improving the life of pharmacists and patients.

• MDM Pro: For efficient and professional pouch verification, we present the MDM Pro, which offers fully automated cutting, winding and sorting of large batches of pouch rolls. The integrated winder collects the pouches after verification and automatically separates the patient rolls that need a visual inspection.
  • Integrated unwinder and winder
  • Different pouch lengths are selectable within a batch
  • Easy preload for sticker tool replacements
  • Conveyor belt for integration in existing logistic process automation
  • Interfaces with all main pouch packing machines and accepts all primary pouch materials
  • End-User focus: hospital pharmacy, dose dispensing facilities, GDS, LTC operations
• MDM 1 Series: The MDM 1 series is the most miniature all-in-one model that automatically checks patient pouches accurately and efficiently. It uses the full suite of the Global Factory detection algorithms, equal to the other MDM series.
  • Small footprint
  • Turn-key standalone process flow solution includes building pill library, verification, logistic and check out
  • Interfaces with all main pouch packing machines and accepts all primary pouch materials
  • Installed-base includes Asia – Pacific, Europe and North America
  • End-User focus: retail pharmacies, hospital pharmacy
• MDM 2 Series: The MDM 2 series is a highly innovative pharmaceutical machine perfect for semi-automated verification of larger pouch strings.
  • Mid-size footprint
  • Available with free standing cabinet
  • Standalone – integrated system with extended workstations
  • Interfaces with all main pouch packing machines and accepts all primary pouch materials
  • Installed-base includes Asia – Pacific, Europe and North America
  • End-User focus: retail pharmacy, hospital pharmacy, Dose dispensing pharmacies

The global medication pouch inspection systems market report would provide access to an approx. 69 market data table, 68 figures and 180 pages.