Dispensing Pharmacy Packaging Machine Global Market Opportunities and Strategies to 2033

This report describes and explains the dispensing pharmacy packaging machine market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global dispensing pharmacy packaging machine market reached a value of nearly $2.03 billion in 2023, having grown at a compound annual growth rate (CAGR) of 7.85% since 2018. The market is expected to grow from $2.03 billion in 2023 to $ 3.17 billion in 2028 at a rate of 9.34%. The market is then expected to grow at a CAGR of 10.04% from 2028 and reach $5.12 billion in 2033.

Growth in the historic period resulted from the growing prevalence of obesity and diabetes, increased healthcare expenditure, growing penetration of retail pharmacies and increasing government initiatives. Factors that negatively affected growth in the historic period were uncertainties in serializing standards and regulations and stringent regulations.

Going forward, the growth of the pharmaceutical manufacturing industry, an aging population, the rise of e-commerce in pharmaceutical retail, the rise in telemedicine and remote pharmacy services and an increase in the number of pharmacies and healthcare facilities will drive the market. Factors that could hinder the growth of the dispensing pharmacy packaging machine market in the future include high initial investment and operational costs and a lack of skilled personnel to operate advanced dispensing pharmacy packaging machines.

The dispensing pharmacy packaging machine market is segmented by product type into fully automatic and semi-automatic. The fully automatic market was the largest segment of the dispensing pharmacy packaging machine market segmented by product type, accounting for 64.4% or $1.3 billion of the total in 2023. Going forward, the fully automatic segment is expected to be the fastest growing segment in the dispensing pharmacy packaging machine market segmented by product type at a CAGR of 9.84% during 2023-2028.

The dispensing pharmacy packaging machine market is segmented by function into filling, wrapping, mixing and split and other functions. The filling market was the largest segment of the dispensing pharmacy packaging machine market segmented by function, accounting for 35.9% or $731.09 million of the total in 2023. Going forward, the filling segment is expected to be the fastest growing segment in the dispensing pharmacy packaging machine market segmented by function, at a CAGR of 9.71% during 2023-2028.

The dispensing pharmacy packaging machine market is segmented by speed into low speed, standard speed and high speed. The high speed market was the largest segment of the dispensing pharmacy packaging machine market segmented by speed, accounting for 48.4% or $983.96 million of the total in 2023. Going forward, the high speed segment is expected to be the fastest growing segment in the dispensing pharmacy packaging machine market segmented by speed, at a CAGR of 9.72% during 2023-2028.

North America was the largest region in the dispensing pharmacy packaging machine market, accounting for 36.1% or $734.9 million of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the dispensing pharmacy packaging machine market will be Asia-Pacific and North America, where growth will be at CAGRs of 10.1% and 9.4% respectively. These will be followed by Western Europe and South America, where the markets are expected to grow at CAGRs of 9.1% and 8.4% respectively.

The global dispensing pharmacy packaging machine market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 38.25% of the total market in 2022. The market fragmentation can be attributed to the presence of large players in different geographies. Yuyama Manufacturing Co., Ltd. was the largest competitor with a 6.31% share of the market, followed by TOSHO Inc with 5.50%, Canon Inc with 4.93%, JVM Co., Ltd. with 4.66%, Marchesini Group S.p.A. with 4.04%, Optima Packaging Group GmbH with 3.96%, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A with 3.48%, Takazono Corporation with 3.16%, Romaco Group with 1.89% and Bausch+Ströbel SE + Co. KG with 0.32%.

The top opportunities in the dispensing pharmacy packaging machine market segmented by product type will arise in the fully automatic segment, which will gain $784 million of global annual sales by 2028. The top opportunities in the dispensing pharmacy packaging machine market segmented by speed will arise in the high-speed segment, which will gain $580.7 million of global annual sales by 2028. The top opportunities in the dispensing pharmacy packaging machine market segmented by function will arise in the filling segment, which will gain $431 million of global annual sales by 2028. The dispensing pharmacy packaging machine market size will gain the most in the USA at $364.3 million.

Market-trend-based strategies for the dispensing pharmacy packaging machine market include focusing on the development of new technological solutions, partnerships and collaborations to improve financial strength and geographic presence, new solutions that are aimed at digital transformation for better efficiency, integration of advanced automated dosing systems that accurately measure and dispense medications, reducing the risk of human error and the introduction of advanced robotics systems.

Player-adopted strategies in the dispensing pharmacy packaging machine market include focus on new product developments to expand geographical reach, focus on expanding geographical footprint through enhancing business operations and focus on enhancing business operations through strategic acquisitions.

To take advantage of the opportunities, the analyst recommends the dispensing pharmacy packaging machine companies to focus on technological innovation to elevate market presence, focus on advanced automated dosing systems, focus on strategic investments for technological advancements, focus on advanced automated dosing systems, focus on advanced robotics for enhanced pharmacy packaging, expand in emerging markets, continue to focus on developed markets, focus on strategic collaborations for market expansion, focus on strategic distribution channels, provide competitively priced offerings, focus on strategic pricing strategies, participate in trade shows and events, continue to use B2B promotions and focus on customer-centric approach to target end-users of dispensing pharmacy packaging machines.