Pharmacies and Drug Stores Global Market Report 2023 – By Drug Type (Prescription Drugs, OTC drugs), By Type (Community Pharmacy, Hospital Pharmacy, Clinical Pharmacy, Industrial Pharmacy, Compounding Pharmacy, Consulting Pharmacy, Ambulatory Care Pharmacy, Regulatory Pharmacy, Home Care Pharmacy), By Product Type (Skin Care, Cold and Flu, Dental, Weight Loss, Vitamins, Other Product Types) – Market Size, Trends, And Global Forecast 2023-2032

Pharmaceutical active pharmaceutical ingredients (API) manufacturing refers to the production of the active substances that give a pharmaceutical medicine its desired impact on the body to treat a condition. Chemical components must be processed in order to make APIs. A biologic drug's active component is referred to as a bulk process intermediate. The main therapy areas of pharmaceutical API manufacturing are cardiovascular disorders, metabolic disorders, neurological disorders, oncology, musculoskeletal disorders, NSAIDs, and other therapeutics uses. Cardiovascular diseases are a group of heart and blood vessel disorders. The various API type include chemical API and biological API that are used to produce innovative drugs, generic prescription drugs, and over-the-counter (OTC) drugs. The global pharmaceutical api manufacturing market is segmented - 1) By Therapy Area: Cardiovascular disorders, Metabolic disorders, Neurological disorders, Oncology, Musculoskeletal disorders, NSAIDs, Other therapeutics uses 2) By API Type: Chemical API, Biological API 3) By Drug Type: Innovative Drugs, Generic Prescription, Over-the-counter (OTC) Drugs The global pharmaceutical api manufacturing market size grew from $195.29 billion in 2022 to $209.93 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global pharmaceutical api manufacturing is expected to grow from $266.72 billion in 2027 at a CAGR of 6.2%. The rise in the aging population is one of the major drivers of the pharmaceutical API manufacturing market. As the aging population increases, the demand for pharmaceutical drugs also increases. API acts as a specialty drug in these medicines to cure a particular disease. For instance, in October 2022, according to an article shared by WHO, a Switzerland-based specialized agency of the United Nations responsible for international public health, 80% of senior citizens will reside in low- and middle-income nations by 2050. The population is aging considerably more quickly than in the past. In 2020, there will be more persons over the age of 60 than under five-year-olds. Therefore, rise in aging population is driving the growth of the pharmaceutical API manufacturing market. Major players in the pharmaceutical API manufacturing market report are Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Boehringer Ingelheim, PfizerInc., Aurobindo Pharma, Novartis AG, Dr. Reddy's Laboratories, Merck & Co.Inc., BASF SE., Bayer Healthcare, Mylan N.V., Albemarle Corporation, Actavis PLC., Hospira Inc., Ranbaxy Laboratories, Virbac, Zoetis, Heska Co., AbbVie Inc., AstraZeneca PLC., Eli Lilly and Company, GlaxoSmithKline PLC., Sanofi, Bristol-Myers Squibb, CiplaInc., and F. Hoffmann-La Roche Ltd. Stringent regulations for approval of pharmaceutical drugs act as a restraint on the pharmaceutical API manufacturing market. Various regions have their own set of rules, guidelines, and regulations set by their respective drug regulatory bodies. For example, in Japan, the manufacturers have to register an API with Japan’s Pharmaceuticals and Medical Devices Agency (PMDA) through the country’s Drug Master File (DMF) system. Products like APIs and new excipients i.e. inactive substances used in a drug should be registered compulsorily. The API manufacturer is also responsible for DMF registration, even if they don't have their office in Japan. They should appoint an in-country caretaker (ICC) to apply on their behalf. Also, if there are any changes to be made to DMF products, either an application for change in registration or a minor change notification should be submitted by the ICC to the PMDA. This whole process delays the drug approvals, thereby negatively affecting the pharmaceuticals API manufacturing market. Many companies use modern technologies such as process control, and powder handling to optimize API manufacturing. These technologies include advances in Lyophilization i.e. freeze-drying process. It is a low-temperature dehydration process that involves freezing the product, lowering pressure, and then removing the ice formed. For instance, Telstar, a company that manufactures efficient integrated systems for pharmaceutical and manufacturing processes, developed LyoGistics Zero, automatic loading and unloading system for freeze dryers to manufacture hazardous products. The system uses a linear magnetic driving mechanism that functions without racks and belts to reduce particle generation and this improves the hygiene in API manufacturing. Also, ILC Dover, a pharmaceutical company, developed the JetBreaker system, a semi-automatic powder handling system that separates powdered media and buffers powders so that they can be mixed better in a solution. In March 2021, Piramal Pharma Ltd., an India-based healthcare solutions company, acquired Hemmo Pharmaceuticals for an amount of $105.8 million. This acquisition is expected to expand PPS’s capacity to provide integrated services to its clients globally by gaining access to the expanding peptide API industry. The deal would also increase peptide API manufacturing and development capabilities. Hemmo Pharmaceuticals is an India-based developer and manufacturer of peptide APIs. North America was the largest region in the pharmaceutical API manufacturing market in 2022. The Middle East is expected to be the fastest growing region in the global pharmaceutical API manufacturing market share during the forecast period. The regions covered in the pharmaceutical API manufacturing industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the pharmaceutical API manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The pharmaceutical active pharmaceutical ingredients (API) manufacturing market includes tablet, capsule, cream, and injectable sales.Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products. The pharmaceutical active pharmaceutical ingredients (API) manufacturing market research report is one of a series of new reports from The Business Research Company that provides pharmaceutical active pharmaceutical ingredients (API) manufacturing market statistics, including pharmaceutical active pharmaceutical ingredients (API) manufacturing industry global market size, regional shares, competitors with a pharmaceutical active pharmaceutical ingredient (API) manufacturing market share, detailed pharmaceutical active pharmaceutical ingredients (API) manufacturing market segments, pharmaceutical active pharmaceutical ingredients (API) manufacturing market trends and opportunities, and any further data you may need to thrive in the pharmaceutical active pharmaceutical ingredients (API) manufacturing industry. The pharmaceutical active pharmaceutical ingredients (API) manufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The hospital-acquired infection testing kits are tools used to check the infections people get while in a healthcare facility. Hospital-acquired infections testing kits are used to check the infections associated with pathogens such as vancomycin-resistant enterococci (VRE), methicillin-resistant staphylococcus aureus (MRSA), multi-resistant gram-negative bacilli, norovirus, and Clostridium difficile. The main products of hospital-acquired infection testing kits are instruments, reagents, and consumables. The hospital-acquired infections testing kit instruments involve the various instruments that are required for hospital-acquired infections testing to aid scientists in growing new cells in the culture media for drug development, tissue culture, engineering, gene therapy, vaccine production, and toxicity testing. Pathogens tested using hospital-acquired infections testing kits include viral, bacterial, and fungal pathogens using sterilization, chemical, and radiation methods of treatment to test for pneumonia infection, urinary tract infection, bloodstream infection, surgical site infection, MRSA infection, and others.The various applications include drug-resistance testing and disease testing. The global hospital acquired infections testing kits market is segmented - 1) By Product: Instrument & Reagents, Consumables 2) By Test Type: Pneumonia Infection, Urinary Tract Infection, Blood Stream Associated Infection, Surgical Site Infection, MRSA Infection, Other Test Types 3) By Application: Drug-resistance Testing, Disease Testing 4) By Pathogen Type: Viral, Bacterial, Fungal 5) By Method of Treatment: Sterilization, Chemical, Radiation The global hospital acquired infections testing kits market size grew from $1.27 billion in 2022 to $1.4 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global hospital acquired infections testing kits is expected to grow from $2 billion in 2027 at a CAGR of 9.4%. The hospital-acquired infections (HAIs) are on the rise, affecting both the inpatients and outpatients. Hospital-acquired infections or nosocomial infections are diseases that are acquired in hospitals and medical clinics. For example, according to the findings by the Center for Disease Control and Prevention, around 1.7 million people in the USA acquire hospital-acquired infections caused while being admitted for other health issues and more than 98,000 (around 5%) patients die due to these infections. The increasing incidence of hospital-acquired infections leads to an increase in the demand for hospital-acquired infections testing kits market. Major players in the hospital-acquired infections testing kits market are Becton, Dickinson and Company, Abott Laboratories, Cepheid, F. Hoffmann-La Roche Ltd., Hologic, Roche, Bayer AG, Cantel Medical Corporation, and Meridian Bioscience. Most of the underdeveloped and developing nations lack proper health insurance that covers essential health services. According to a report by the World Bank and the World Health Organization, more than 50% of the world’s population cannot avail of essential health services due to expensive healthcare services that push them to poverty. For instance, 800 million people spend more than 10% of their household budgets on health expenses for themselves, a sick child, or other family members, and for almost 100 million people these expenses are high enough to push them into extreme poverty. This lack of financially affordable healthcare hinders the market growth for diagnostic services including hospital-acquired infection testing. The diagnostic tests involved in diagnosing HAIs such as flow cytometry, mass spectrometry, near-infrared spectroscopy, and nucleic acid-based technologies are advancing in technologies, providing more accurate data. There has been a significant advancement in mass spectrometers, which quantifies known materials, and identifies unknown compounds within a sample. For instance, SCIEX’s X500 QTOF solves the challenge of contamination and is a compact device that does not compromise on resolution and accuracy. It gives results sooner and allows the operator to make data-driven decisions sooner. The hospital-acquired infections testing kits are regulated by government agencies such as US FDA (Food and Drug Administration) in the USA, and the European Medicines Agency/Committee in European Region. The regulatory body lays down a set of guidelines pertaining to the safety, efficiency, and efficacy of the instruments that form part of the hospital-acquired infection testing kits market. The manufacturers and service providers must comply with the CBER Regulations that have been published in the first chapter of Title 21 of CFR. Part 600 of CFR 21 primarily focuses on the established standards like sample retention conditions, temperature to be maintained during shipment, sterilisation of equipment, and the role and duties of the inspector to inspect the laboratories. The regulation also allows the manufacturer to report any kind of deviation of their product from their intended purpose. CBER comes under the FDA (Food and Drug Administration). Also, the Code of Federal Regulations, Title 21, Part 866, states regulations pertaining to immunology and microbiology devices. These devices are used to identify infections caused by bacteria and various viruses. North America was the largest region in the hospital-acquired infections testing kits market in 2022. Western Europe was the second largest region in the global hospital-acquired infections testing kits market share. The regions covered in the global hospital-acquired infections testing kits market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hospital-acquired infections testing kits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The hospital-acquired infections testing kits market consist of sales of testing kits and devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products. The hospital-acquired infections testing kits market research report is one of a series of new reports from The Business Research Company that provides hospital-acquired infections testing kits market statistics, including hospital-acquired infections testing kits industry global market size, regional shares, competitors with a hospital-acquired infections testing kits market share, detailed hospital-acquired infections testing kits market segments, hospital-acquired infections testing kits market trends and opportunities, and any further data you may need to thrive in the hospital-acquired infections testing kits industry. This hospital-acquired infections testing kits market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Rapid microbiology testing has high sensitivity and less turnover time compared to traditional methods and is used to diagnose infectious diseases or target products by examining pathogens within a short period. The main product types of rapid microbiology testing kits are instruments, reagents, kits, consumables. The various testing types included are growth-based rapid microbiology testing kits, cellular component-based rapid microbiology testing kits, nucleic acid-based rapid microbiology testing kits, viability-based rapid microbiology testing kits, and other rapid microbiology testing kits methods that are used for applications such as clinical disease diagnosis, food, and beverage testing, pharmaceutical and biological drug testing, cosmetics and personal care products testing, environmental testing, research applications, and others. The global rapid microbiology testing kits market is segmented - 1) By Product Type: Instruments, Reagents And Kits, Consumables 2) By Application: Clinical Disease Diagnosis, Food And Beverage Testing, Pharmaceutical And Biological Drug Testing, Cosmetics And Personal Care Products Testing, Environmental Testing, Research Applications, Other Applications 3) By Testing Type: Growth-Based Rapid Microbiology Testing Kits, Cellular Component-Based Rapid Microbiology Testing Kits, Nucleic Acid-Based Rapid Microbiology Testing Kits, Viability-Based Rapid Microbiology Testing Kits, Other Rapid Microbiology Testing Kits Methods The global rapid microbiology testing kits market size will grow from $4.36 billion in 2022 to $4.61 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global rapid microbiology testing kits is expected to grow from $5.78 billion in 2027 at a CAGR of 5.8%. The rising number of infectious diseases is one of the major drivers for the rapid microbiology testing kits market. Rapid diagnostic tests are faster, more reliable, and more widely available than traditional tests. As the number of infectious disease cases increases, the need for tests to confirm these diseases also increases. With the increasing demand for microbiology tests, the need for rapid microbiology tests is increasing as it gives quicker results than normal microbiology tests. For example, according to the Centers for Disease Control and Prevention (CDC) Trusted Source, the number of visits to physician offices with infectious and parasitic diseases as the primary diagnosis was 15.5 million and the number of emergency department visits with infectious and parasitic diseases as the primary diagnosis was 3.7 million per year. Major players in the rapid microbiology testing kits market are Abbott Laboratories, Becton, Dickinson and Company, Bruker Corporation, Charles River Laboratories International Inc., Danaher Corporation, Don Whitley Scientific Limited, Merck KGaA, Neogen Corporation, Quidel Corporation, and Rapid Micro Biosystems Inc. The stringent regulations related to rapid microbiology testing kits are a major restraint for the market. This is because scientific validation is a critical part of obtaining regulatory approval for a rapid microbiology testing method. In this regard, various tests such as a test for accuracy, specificity, precision, range, and robustness are mandatory. The processes for evaluating, validating, and implementing rapid microbiology test methods are expensive and time-consuming. This often leads to a delay in the launch of a testing method and adds up to the final cost of the test. For example, the process for approval by the FDA for rapid microbiology testing methods is very time-consuming which alters the normal operating cycle for manufacturers and causes a delay in the commercial launch of the test devices in the market. Technological advancements are an emerging trend in the rapid microbiology testing kits market. This is mainly because these technological advancements improve the reliability and efficiency of tests and testing methods. Automation in rapid microbial detection enables higher throughputs and greater accuracy in results. Similarly, robotic cassette handling, incubation, and imaging reduce the risks of miscounts, mid-test contamination, and incorrect data entry, which leads to fewer false positives and out-of-specification investigations. Fewer investigations then ultimately improve uptime and reduce delay and recall of tests. For example, Abbott Laboratories announced the next generation Alinity HQ Hematology Analyzer that is aimed to minimize errors and reduce manual steps in testing. The FDA regulates rapid microbiology testing through its process analytical technology (PAT) regulatory framework initiative. PAT is a system that evaluates the designing, controlling, and timely measuring of critical quality of raw and processed materials. It seems that manufacturers have built-in quality into products rather than testing quality in products. This ensures final product quality and improves manufacturing efficiencies. Hence, regulations such as these would keep a check on the companies in the rapid microbiology testing market. North America was the largest region in the rapid microbiology testing kits market in 2022. Western Europe was the second largest region in the global rapid microbiology testing kits market report. The regions covered in global rapid microbiology testing kits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rapid microbiology testing kits market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The rapid microbiology testing market includes revenues earned by entities by qualitative, quantitative, and identification methods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The rapid microbiology testing kits market research report is one of a series of new reports from The Business Research Company that provides rapid microbiology testing kits market statistics, including rapid microbiology testing kits industry global market size, regional shares, competitors with a rapid microbiology testing kits market share, detailed rapid microbiology testing kits market segments, market trends and opportunities, and any further data you may need to thrive in the rapid microbiology testing kits industry. This rapid microbiology testing kits market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

E-pharmacy refers to a business model that operates similarly to traditional pharmacies in that it deals with the preparation and sale of prescription and over-the-counter medications. On the other hand, internet pharmacies accept online orders and mail the medications to the customer. E-pharmacy allows patients to refill prescriptions and receive over-the-counter and specialized medications. The main types of drugs in e-pharmacy are prescription drugs and over-the-counter (OTC) drugs. Prescription drugs are used in the diagnosis, cure, mitigation, treatment, or prevention of disease. The prescription drug can only be used under the supervision of a medical professional who is legally permitted to do so. The different product types include skin care, dental, cold and flu, vitamins, weight loss, and others. The various payment methods include cash on delivery, and online payment, and involve several platforms such as app-based, and web-based. The global e pharmacy market is segmented – 1) By Drug Type: Prescription Drugs, Over-the-Counter (OTC) Drugs 2) By Product Type: Skin Care, Dental, Cold and Flu, Vitamins, Weight Loss, Other Product Types 3) By Payment Method: Cash on Delivery, Online Payment 4) By Platform: App-Based, Web-Based The global e-pharmacy market size will grow from $75.04 billion in 2022 to $91.33 billion in 2023 at a compound annual growth rate (CAGR) of 21.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the e-pharmacy is expected to grow to $193.73 billion in 2027 at a CAGR of 20.7%. The booming digital health is expected to propel the growth of the e-pharmacy market going forward. Digital health technologies and e-pharmacy services make use of computing platforms, networking, software, and sensors for health care and related applications that include mobile health (mHealth), health information technology (IT), wearable devices, telehealth, telemedicine, and personalized medicine. These technologies can be used for a variety of things, from general wellness to medical equipment. For instance, in June 2021, according to the Federation of Indian Chambers of Commerce & Industry (FICCI), an India-based non-governmental trade association, before the COVID-19 pandemic, 3.5 million families purchased online pharmaceuticals and during the pandemic, the figure increased to 9 million, and by 2025, it is expected to reach 70 million. Therefore, booming digital health is driving the e-pharmacy market growth. Major players in the e-pharmacy market are Walgreen Company, Express Scripts Holding Company, CVS Health Corporation, DocMorris N.V, OptumRx, PharmEasy, Tata 1mg, Netmeds, Amazon Inc., Axelia Solutions Pvt Ltd., Apex Healthcare Berhad (Apex Pharmacy), Apollo Pharmacy, Doctors Rowlands Phamacy, Optus Rx Inc., and Healthkart. Product innovation is the key trend gaining popularity in the e-Pharmacy market. Major players operating in the e-pharmacy market are focused on developing an innovative platform to strengthen their market position. For instance, in December 2021, HealthPlus, a Nigeria-based integrative pharmacy company launched West Africa’s first pharmacy and digital prescription platform that would make it easier for patients (customers) and healthcare professionals to communicate throughout the country. The launch also marks a significant step forward in Nigeria's health democratization, delivering unparalleled healthcare access to Nigerians across the country. Customers can now use mobile devices to consult with experienced pharmacists from the comfort of their own homes. In May 2021, PharmEasy, an India-based health-tech start-up acquired MedLife for an undisclosed amount. With this acquisition, PharmEasy would become the leading participant in the domestic online pharmacy business, with the aim to service 2 million users each month. MedLife is an India-based company that provides online pharmacy, diagnostics, and e-consultation. North America was the largest region in the e-pharmacy market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the e-pharmacy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the e-pharmacy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The E-pharmacy market includes revenues earned by entities by taking orders online and sending the drugs to their destination by post. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The e-pharmacy market research report is one of a series of new reports from The Business Research Company that provides e-pharmacy market statistics, including e-pharmacy industry global market size, regional shares, competitors with an e-pharmacy market share, detailed e-pharmacy market segments, market trends and opportunities, and any further data you may need to thrive in the e-pharmacy industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Pharmacogenomics is a field of research that studies how a patient's genes affect and how they respond to medications. The long-term aim of pharmacogenomics is to help doctors select the drugs and doses best suited for each person. Pharmacogenomics is used to create customized drugs to treat a variety of health issues, including cardiovascular disease, Alzheimer's disease, cancer, and asthma. The pharmacogenomics marker refers to precise medical treatment to each person or a group of people. The main technology used in pharmacogenomics market is next-generation sequencing (NGS), polymerase chain reaction, gel electrophoresis, mass spectrometry, microarray and other technologies. NGS is a massively parallel sequencing technology that provides ultra-high throughput, scalability, and speed. The technology is used to determine the nucleotide order in entire genomes or specific regions of DNA or RNA. The application of pharmacogenomics includes neurology, drug discovery, oncology, cardiology, pain management and other application. The end-user included hospitals and clinics, research institutions, and academic institutes. The global pharmacogenomics market is segmented - 1) By Technology: Next Generation Sequencing, Polymerase Chain Reaction, Gel Electrophoresis, Mass Spectrometry, Microarray, Other Technologies 2) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy 3) By Applications: Neurology, Drug Discovery, Oncology, Cardiology, Pain Management, Other Applications 4) By End User: Hospitals And Clinics, Research Institutions, Academic Institutes The global pharmacogenomics market size grew from $7.26 billion in 2022 to $7.97 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the pharmacogenomics market is expected to grow to $11.67 billion in 2027 at a CAGR of 10.0%. The rising demand for precision medicine is driving the demand for the pharmacogenomics market. Precision medicine is a medical model that proposes healthcare customization, with medical decisions, treatments, practices, or products tailored to a subset of patients rather than a one drug fits all model. There is rising demand for precision medicine as it is the most advanced in oncology, having wider, exciting applications beyond oncology and late-stage disease such as rare and genetic diseases. The main aim of precision medicine is to integrate genetic and environmental information about particular diseases and/or their responses to particular treatments. For instance, according to the article published on Linchpinseo in March 2022, the increasing demand for precision medicine investment from leading pharmaceutical companies is experiencing a 1/3 increase in the next five years. Furthermore, in the USA, 30 million people with type 2 diabetes get diagnosed and treated where precision medicine provides individualized treatment and will re-calibrate current treatment practices. Hence, the increasing demand for precision medicine will drive the pharmacogenomics market. Major players in the pharmacogenomics market are Abbott Laboratories, AstraZeneca plc, Becton Dickinson and Company, Bayer AG, F Hoffmann-La Roche AG, Illumina Inc., GlaxoSmithKline plc, Merck KGaA, Myriad Genetics Inc., Thermo Fisher Scientific Inc., OPKO Health Inc., Assurex Health Inc., Empire Genomics LLC, Future Science Group and Pathway Genomics Corporation. Technological advancement is a key trend gaining the popularity in pharmacogenomics market. Medicine manufacturers are focusing on various approaches to pharmacogenomics analysis to provide cost-effective solutions for screening known polymorphisms and the discovery of novel variants. For instance, in May 2021, Integrated Prescription Management (IPM), a USA-based pharmacy benefits management (PBM) company, and Myriad Genetics Inc., a genetic testing and precision medicine, launched GeneSight® test, a pharmacogenomics testing for patients suffering from depression or anxiety. In April 2020, Castle Biosciences, Inc. a US-based company that offers diagnostic tests and tumor-specific information, acquired AltheaDx for an undisclosed amount. With this acquisition, AltheaDx to perhaps create a mental health franchise beginning with a test that is now covered by Medicare for depression. AltheaDx is a US-based commercial-stage molecular diagnostics company specializing in the field of pharmacogenomics (PGx) testing services focused on mental health. North America was the largest region in the pharmacogenomics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmacogenomics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pharmacogenomics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The pharmacogenomics market includes revenues earned by entities by PennCNV,QuantiSNP, GenoCN and Nexus.The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The pharmacogenomics market research report is one of a series of new reports from The Business Research Company that provides pharmacogenomics market statistics, including pharmacogenomics industry global market size, regional shares, competitors with a pharmacogenomics market share, detailed pharmacogenomics market segments, market trends and opportunities, and any further data you may need to thrive in the pharmacogenomics industry. This pharmacogenomics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Pharmacy inventory management software solutions and cabinets refer to the practise of successfully managing a pharmacy's inventory, whereby a method or system aids the manager or owner in lowering expenses, enhancing operational effectiveness, and minimising overstocking and lost opportunity. Pharmacy inventory management software with a powerfully integrated inventory management and ordering system optimizes business efficiency and dramatically improves pharmacy profits. The main types of pharmacy inventory management software solutions and cabinets market are decentralized dispensing systems and centralized dispensing systems. Independent pharmacies are used to provide prescription drugs and medications to the customers. It refers to an independent pharmacy owned and operated by a sole proprietor or a small group of business owners. The various end users include independent pharmacies, hospital pharmacies, and long-term care centers. The global pharmacy inventory management software solutions and cabinets market is segmented – 1) By Product: Decentralized Dispensing Systems, Centralized Dispensing Systems 2) By End-Use: Independent Pharmacies, Hospital Pharmacies, Long-Term Care Centers The global pharmacy inventory management software solutions and cabinets market size will grow from $4.66 billion in 2022 to $5.15 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the pharmacy inventory management software solutions and cabinets is expected to grow to $7.28 billion in 2027 at a CAGR of 9.0%. The rising number of long-term care (LTC) pharmacies are expected to propel the growth of the pharmacy inventory management software solutions and cabinets market going forward. Long-term care pharmacies manage the medication and clinical needs of elderly patients with complex medical conditions. The increasing demand for long-term care has led to an increase in the number of long-term care pharmacies. For instance, according to a report by Computertalk, a US-based pharmacist publication company, in 2020, about 14 million Americans needed long-term care, and on the contrary, there were only 3 million beds in facilities. As a result, the increasing number of long-term care (LTC) pharmacies is driving the pharmacy inventory management software solutions and cabinets market. Major players in the pharmacy inventory management software solutions and cabinets market are ARxIUM, Becton Dickinson and Company (BD), Clanwilliam Health, DATASCAN (DCS Pharmacy Inc.,), Epicor Software Corporation, GlobeMed Ltd., Health Business Systems Inc., Logic ERP Solutions Pvt Ltd., Liberty Software Inc., JVM Co. Ltd., McKesson Corporation, Omnicell Inc., Oracle, Supplylogix LLC, and Talyst LLC. Technological advancements have emerged as a key trend gaining popularity in the pharmacy inventory management software solutions and cabinets market. Major companies operating in the pharmacy inventory management software solutions and cabinets sector are adopting new technological solutions to reinforce their position. For instance, in October 2021, Palex Medical, a Spain-based company that specialized in providing healthcare equipment and advanced hospital solutions, launched a new generation Omnicell Medimat robot for dispensing medicines to outpatients. Medimat solution makes the transition from manual to automated processes easy, flawless, and rewarding. In December 2021, Omnicell Inc., a US-based healthcare technology company, acquired ReCept Holdings Inc., for $100 million. With this acquisition, Omnicell Inc., expands its advanced services portfolio to address the growing and complex specialty pharmacy market, while ReCept would maximize its benefits by gaining a broader infrastructure to deliver value to the pharmacy partners. ReCept Holdings Inc., is a US-based specialty healthcare service provider. North America was the largest region in the pharmacy inventory management software solutions and cabinets market in 2022. Asia-Pacific is expected to be the fastest growing region during the forecast period. The regions covered in the pharmacy inventory management software solutions and cabinets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the pharmacy inventory management software solutions and cabinets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The pharmacy inventory management software solutions and cabinets market includes revenues earned by entities by enhancing gross profits and net profits by reducing the cost of procured pharmaceutical products. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The pharmacy inventory management software solutions and cabinets market research report is one of a series of new reports from The Business Research Company that provides pharmacy inventory management software solutions and cabinets market statistics, including pharmacy inventory management software solutions and cabinets industry global market size, regional shares, competitors with a pharmacy inventory management software solutions and cabinets market share, detailed pharmacy inventory management software solutions and cabinets market segments, market trends and opportunities, and any further data you may need to thrive in the pharmacy inventory management software solutions and cabinets industry. This pharmacy inventory management software solutions and cabinets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The dispensing pharmacy packaging machine are used in preparing medications and nutraceuticals for secure distribution. Pharmacy packaging entails properly positioning the medications in order to preserve and keep their therapeutic efficacy. Packaging improves the product's overall appearance of quality and aids in permitting strong branding, which promotes the success of businesses. The main types of dispensing pharmacy packaging machines are fully automatic and semi-automatic. Fully Automatic is designating a system, device, or machine whose function is completely automatic. The speeds used is a low speed, standard speed, and high speed. The functions are filling, wrapping, mixing, and split, and other functions. The global dispensing pharmacy packaging machine market is segmented - 1) By Product Type: Fully Automatic, Semi-Automatic 2) By Speed: Low Speed, Standard Speed, High Speed 3) By Function: Filling, Wrapping, Mixing And Split, Other Functions The global dispensing pharmacy packaging machine market size grew from $1.87 billion in 2022 to $2.03 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the dispensing pharmacy packaging machine market is expected to grow to $2.81 billion in 2027 at a CAGR of 8.5%. The rising growth of biopharma is expected to propel the growth of the dispensing pharmacy packaging going forward. Biopharma refers to medical drugs produced using biotechnology. Pharmaceutical packaging machinery provides efficient solutions for preparing pharmaceutical and nutraceutical products for distribution. For instance, according to HCP detection, an International organizational website for detecting host cell proteins data, The global biopharmaceuticals are increasing, and the forecast for 2023 is estimated to reach USD 341.16 billion. Therefore, the rising growth of biopharma is driving the dispensing pharmacy packaging machine market. Major players in the dispensing pharmacy packaging machine market are TOSHO Corporation, JVM, Yuyama Manufacturing Co Ltd., Canon Lifecare Solutions Inc., Takazono Corporation, Nisshin Medical Device Co Ltd., Yung Chung Machinery Co, Heqian Industry Co, Swisslog Healthcare, Futain Industry Trading Co, MTS Medication Technologies, Robotik Technology, Talyst, Bausch+Strobel and Robert Bosch GmbH. Technological advancements are a key trend gaining popularity in dispensing pharmacy packaging machines market. Major companies operating in dispensing pharmacy packaging machines to strengthen their position in the market. For instance, in October 2021, ATS packaging machinery, an Italy-based company operating in dispensing pharmacy packaging machines market launched a new Gemini capping machine. This new machine has been developed with Siemens machine control technology and includes features such as providing preventative maintenance and remote diagnostics and service support and is suitable across a wide range of industrial applications including pharmaceuticals. It is also suitable for dispensing pumps that work with maximum flexibility. In July 2022, BD, a US-based medical technology company acquired Parata Systems for an undisclosed amount. This acquisition of Parata systems builds on BD's legacy and experience of seamlessly integrating teams to drive future growth and innovation. Parata Systems is a US-based company operating in dispensing pharmacy packaging machines. Asia-Pacific was the largest region in the dispensing pharmacy packaging market in 2022. The regions covered in the dispensing pharmacy packaging market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the dispensing pharmacy packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The dispensing pharmacy packaging machine market consists of sales of pharmaceutical sachets, polybags, and blister packs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The dispensing pharmacy packaging machine market research report is one of a series of new reports from The Business Research Company that provides dispensing pharmacy packaging machine market statistics, including dispensing pharmacy packaging machine industry global market size, regional shares, competitors with a dispensing pharmacy packaging machine market share, detailed dispensing pharmacy packaging machine market segments, market trends and opportunities, and any further data you may need to thrive in the dispensing pharmacy packaging machine industry. This dispensing pharmacy packaging machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Antibacterial products refer to a material that can destroy bacteria or suppress their growth or ability to reproduce. Antibacterial compounds inhibit bacterial metabolic activity and pathogenicity in biological settings. These are mostly found in detergents, health and skincare products, and home cleansers. The antibacterial products are used to disinfect surfaces and eliminate potentially harmful bacteria. The main types of antibacterial products are body wash, body moisturizer, hand cream and lotion, hand soaps, hand sanitizers, facial cleansers, and facial masks. Body wash antibacterial products refer to a cleansing product designed to kill germs on the surface of the hands or body. These soaps are made in either liquid form or bar form by combining blending detergents or detergent additives with ingredients that have antimicrobial properties. The various forms include bars, powder, and liquid, which are available on numerous distribution channels including hypermarkets and supermarkets, pharmacy and drug stores, specialty stores, online, and others. The global antibacterial products market is segmented - 1) By Product: Body Wash, Body Moisturizer, Hand Cream and Lotion, Hand Soaps, Hand Sanitizers, Facial Cleansers, Facial Mask 2) By Form: Bar, Powder, Liquid 3) By Distribution Channel: Hypermarkets and Supermarkets, Pharmacy and Drug Stores, Specialty Stores, Online, Other Distribution Channels The global antibacterial products market size grew from $40.72 billion in 2022 to $42.65 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The antibacterial products market size is expected to grow to $51.14 billion in 2027 at a CAGR of 4.6%. The increasing demand for germ protection products is expected to propel the growth of the antibacterial products market going forward. Germ protection goods refer to goods that generally contain active substances that help to minimize and prevent bacterial infections, such as triclosan hand sanitizers, disinfectants, and other bacterial resistance medications. These germ protection products come under the category of antibacterial products, which help in controlling skin infections. For instance, according to the press information bureau, an India-based government agency, in March 2020, due to the COVID pandemic, in India, 50,000 liters of hand sanitizers and disinfectants were produced in the laboratories of CSIR (Council of Scientific and Industrial Research) and distributed to more than 1,00,000 people belonging to various sections of society. In addition, hand sanitizer sales in Italy increased by 1,807%, while sales in the United States increased by 1,400%. Therefore, the rising demand for germ-protection products is driving the growth of the antibacterial products market. Major players in the antibacterial products market are Reckitt Benckiser Group PLC, Unilever plc, GOJO Industries Inc., The Himalaya Drug Company, Sebapharma GmbH & Co. KG, Bielenda, Colgate-Palmolive Company, Henkel Corporation, Johnson & Johnson, Farouk Systems Inc., Rockline Industries, Tufco LP, Guardpack, Nice-Pak Products Inc., and Usp Life Sciences. New product innovations have emerged as the key trend gaining popularity in the antibacterial products market. Major companies operating in the antibacterial products sector are focused on introducing new products to sustain their position in the market. For instance, in March 2021, ITC, an India-based manufacturer of fast-moving consumer goods (FMCG) and sanitary products, launched Savlon moisturizing sanitizer, which contains a unique formulation of five moisturizing ingredients. This product is non-drying and non-sticky. This product helps to kill 99.9% of germs without using soap or water. Using five types of moisturizers helps to keep the skin dry, gentle, and smooth. This was the first sanitizer that contained moisturizers in it. In February 2022, Binnopharm Group, a Russia-based pharmaceutical manufacturing group, acquired the Ciprolet and Levolet antibacterial medicine brands from Dr. Reddy’s Laboratories for an undisclosed amount. With this acquisition, Binnopharm Group increases its production of medicines in the antibacterial sector and also increases its production capacity in Russia. Dr. Reddy’s Laboratories is an India-based company that manufactures antibacterial products, medicines, and related products. Asia-Pacific was the largest region in the antibacterial products market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the antibacterial products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the antibacterial products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The antibacterial products market consists of sales of antivirals, antibiotics and antifungals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The antibacterial products market research report is one of a series of new reports from The Business Research Company that provides antibacterial products market statistics, including antibacterial products industry global market size, regional shares, competitors with an antibacterial products market share, detailed antibacterial products market segments, market trends and opportunities, and any further data you may need to thrive in the antibacterial products industry. This antibacterial products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.