Medication Pouch Inspection Systems Market Estimated to Exhibit 8.0% CAGR through 2029

1. Medication Pouch Inspection Systems Market April 2020 Report Id : REP-GB-6746 Published On : May-2019 Category : Packaging www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved

2. About Future 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 Customized Research Syndicated Research Investment Research Social Media Research 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@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Developing list of respondents Channel study B Developments 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Market dynamics Data collection Products      Market participants C Conclusions Key strengths Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Product portfolio Data validation Mapping as per value chain Key focus segments 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research # Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

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. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

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. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

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. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

7. Medication Pouch Inspection Systems Market Analysis Collaborations & Joint Ventures • TCGRx announced the acquisition of ARxIUM’s 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. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

8. Medication Pouch Inspection Systems Market Analysis Press Release Source: https://www.globenewswire.com/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.html More from FMI’s Packaging Market Intelligence: • Digital Textile Printing Market • Packaging Testing Services Market • Paper Core Market Request for covid19 Impact Analysis: https://www.futuremarketinsights.com/covid19/rep-gb-6746 www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

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. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 9 © 2019 Future Market Insights, All Rights Reserved

10. Medication Pouch Inspection Systems Market Analysis Contact Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Future Market Insights Click here to Order a free sample For more insights on the Medication Pouch Inspection Systems Market, you can request a report sample with full TOC at https://www.futuremarketinsights.com/reports/sample/rep-gb-6746 www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 10 © 2019 Future Market Insights, All Rights Reserved

11. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 11 © 2019 Future Market Insights, All Rights Reserved