New FMI Report Explores Impact of COVID-19 Outbreak on Medication Pouch Inspection Systems Market - PowerPoint PPT Presentation

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New FMI Report Explores Impact of COVID-19 Outbreak on Medication Pouch Inspection Systems Market

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Growth of the medical pouch inspection systems market is highly proportional to the growth of the pharmaceutical industry. As per FMI analysis, at a global level, the medical pouch inspection systems market is expected to remain at a strong position. – PowerPoint PPT presentation

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Title: New FMI Report Explores Impact of COVID-19 Outbreak on Medication Pouch Inspection Systems Market


1
Medication Pouch Inspection Systems Market
Expected to Grow at a CAGR of 10.7 by 2029 
  • April 2020

Report Id REP-GB-6746 Published On May
27,2019 Category Packaging
2
AboutFuture Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage
  • Customized Research
  • Syndicated Research
  • Investment Research
  • Social Media Research

  • Automotive and Transportation
  • Electronics, Semiconductor, and ICT
  • Retail and Consumer Products
  • Industrial Automation and Equipment
  • Chemicals Materials
  • Food and Beverages
  • Services and Utilities
  • Energy, Mining, Oil, and Gas

Subscription Information

For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Medication Pouch Inspection Systems Market
Analysis
Future Market Insights (FMI) delivers key
insights on the global medical pouch inspection
systems market in its published report titled
Global Medical Pouch Inspection Systems Market
Forecast, Global Industry Analysis 2014-2018 and
Opportunity Assessment 2019-2029. In terms of
revenue, the global medical pouch inspection
systems market is estimated to expand at an
approximate CAGR of 8 during the forecast
period, owing to numerous factors, which FMI
highlights in this research report. Incorporation
of Medication Pouch Inspection Systems Reduces
the Requirement of Workforce at a
Pharmacy Growth of the medical pouch inspection
systems market is highly proportional to the
growth of the pharmaceutical industry. As per FMI
analysis, at a global level, the medical pouch
inspection systems market is expected to remain
at a strong position. Medical pouch inspection
systems inspect medicines packaged in the
medication pouch, dispensed by medication
dispensing machines. However, the high cost of
medication pouch dispensing systems restrains the
growth of the medical pouch inspection systems
market.
5
Medication Pouch Inspection Systems Market
Analysis
Around 5 of the patients in the world need to
get medical attention due to wrong intake of
medication. This has increased the importance of
pharmacy automation technologies such as
medication dispensing systems and medication
pouch inspection systems, to minimize the
probability of error in medication received by
the patient. Most of the medical pouch inspection
systems are capable of performing 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 not only reduce the probability of error
in medication dispensing but also reduce the
requirement of workforce by increasing the pace
and productivity at a pharmacy. Increased
Consumer Convenience, with Adherence to Flexible
Packaging of Drugs, Makes Medical Pouch
Inspection Systems a Compelling Option Machines
dispensing medication in pouches are highly
preferred by consumers as medical pouches provide
vital information about the drug such as
prescription, expiry date of the medicine, name
of the patient, time date of intake of
medicines, and some other details. As the pouch
already contains all the information, the patient
does not need to remember the medicine he/she has
to take at a particular time. Therefore, the
medical pouch inspection systems have enhanced
consumer experience.
6
Medication Pouch Inspection Systems Market
Analysis
Medical Pouch Inspection Systems Manufacturers
Prioritizing New Launches Joint Ventures Most
of the medical pouch inspection systems detect
tablets on four general parameters such as color,
shape, size, and number of tablets. The global
market leader, TCGRx, has developed medical pouch
inspection systems that inspect tablets in
medication pouches on 12 parameters, which
include surface of the tablet, distance to
center, length, width, contour, roundness,
standard color deviation, sequence, and others.
The accuracy in the inspection of medication is
thus highly increased with the increase in the
number of parameters and probability of error in
medication dispensing is greatly reduced. Medical
pouch inspection systems provided by JVM Co.,
Ltd. are integrated with medication registering
systems, which store the data about the
medication pouches inspected by the
machine. Manufacturers in the medical pouch
inspection systems market are adopting
collaboration strategies to expand their global
reach. Leading players are offering wide range of
options for pharmaceutical end users such as
medical pouch inspection systems with capacities
including up to 50 ppm, 50-75 ppm, and above 75
ppm for enhanced efficiency.
7
Medication Pouch Inspection Systems Market
Analysis
Collaborations Joint Ventures TCGRx announced
the acquisition of ARxIUMs Fastpak Exp and
Fastpak 71, medical pouch inspection systems
business to enhance the existing pharmacy
technology product portfolio of the
company. Parata Systems, Inc. has entered group
purchasing agreement with American Associated
Pharmacies consisting of more than 2,200
independent pharmacies. Product Launches Ziuz
Holding B.V launched Ziuz Iris medical pouch
inspection systems with low footprint and
economic prices, targeting the requirement of
small pharmacies. JVM Co., Ltd., TCGRx, Arxium
Inc., Ziuz Holding B.V., Parata Systems, Inc.,
and Global Electronics B.V. are some of the key
companies actively operating in the global
medication pouch inspection systems market
landscape.
8
Medication Pouch Inspection Systems Market
Analysis
  • Request for covid19 Impact Analysis
    https//www.futuremarketinsights.com/covid19/REP-G
    B-6746
  • Press Release Source https//www.globenewswire.co
    m/news-release/2019/06/14/1868895/0/en/Medication-
    Pouch-Inspection-Systems-Market-Size-to-Grow-at-a-
    CAGR-of-Nearly-8-by-2029-Future-Market-Insight.htm
    l
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9
Medication Pouch Inspection Systems Market
Analysis
About Future Market Insights (FMI) Future Market
Insights (FMI) is a leading provider of market
intelligence and consulting services, serving
clients in over 150 countries. FMI is
headquartered in London, the global financial
capital, and has delivery centers in the U.S. and
India. FMIs largest market research reports and
industry analysis help businesses navigate
challenges and take critical decisions with
confidence and clarity amidst breakneck
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Insights 3rd Floor,207 Regent Street, London
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Thank You
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Private Limited (FMI)
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