Sarasota, FL -- (SBWire) -- 03/18/2019 --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.
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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.
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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 time span, 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.
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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.
Global Medication Pouch Inspection Systems Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
Medication Pouch Inspection Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026