From $116.92 million in 2020, the global Deblistering Machines market is projected to reach $174.06 million by 2028. Based on our analysis the market is expected to grow at a CAGR of 5.1% from 2020 - 2028 timeframe.
Some of the prominent trends that the market is witnessing include, large amount of medication being used on a daily basis, minimizing the waste generated by pharma industries and prevalence of improved infrastructure.
Global Deblistering Machines Market: Market Dynamics
Deblistering machine recovers valuable products efficiently from all types of rejected blister packs. The easy process of changeover ensures greater reliability on the machine, and the sophistication allows for the modification to the blister pack while maintaining utmost hygiene. Pharmaceutical companies generate a huge amount of waste, with blister packaging accounting for a substantial portion of that waste. Moreover, healthcare industries generate a huge amount of biological waste every year, mandating the implementation of medical solid waste management.
For example, in 2020, Roche generated more than 13,000 metric tonnes of chemical waste. The Patient Safety and Quality Healthcare in the US, suggests that US healthcare facilities generate about 84 metric tons of toxic narcotic waste each year. A substantial amount of dismissed blister packaging is also included in the waste. Deblistering machines allow the manufacturing company to remove narcotics from blister packages easily so that they can be repackaged into other blister packs.
On the other hand, the high costs associated with procurement of deblistering equipment is likely to obstruct the profit boundaries. In addition, growing investment in technical research and development (R&D) and rising demand of proper medicines will further boost for the deblistering machines market.
Impact of COVID-19 on Deblistering Machines
The outbreak of COVID-19 and its rapid spread across the globe has led to an economic disruption. The increasing outbreak of various infectious and communicable diseases and viruses such as COVID-19, flu, tuberculosis, and SARS has led to an increased as well as improved medication in patients across the globe. This leads to a rise in the demand for deblistering machines. The demand for medical supplies, masks, devices, syringes, etc. is rising, leading to an increased demand for the market.
By Automation Type
Automatic Segment Dominate the Market in 2020
The automatic segment made huge revenue in 2020 and growing its prominence during the forecast period. This can be attributed to their wide-ranging use by large-scale pharmaceutical manufacturers and medical waste recyclers. Huge amount of waste is generated by pharmaceutical companies in which blisters packaging has a substantial amount.
North America Region is Leading in the Global Market Place
North America is likely to have a huge demand in the forecast period owing to good healthcare infrastructure coupled with rising demand for appropriate pharmaceutical product packaging in the region. The market growth is driven by the rapidly growing pharmaceutical and generic markets, growth in over the counter (OTC) drug sales, rising need for flexible and integrated packaging equipment and the introduction of regulatory standards on packaging and stringent norms against counterfeiting.
List of the Key Players Profiled in the Market Include:
List of the Regions/Countries Profiled in the Market Include:
North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others
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Gross Domestic Product
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