What is Pharmacy Safes Market?
Pharmacy safes is an effective way to store the thousands of valuable substances that a pharmacy handles each and every day. The safes are really good option to keep the essentials and delicate and medicine and other things related to Pharmacy. These safes will help to reduce pharmacy robbery incidents and the diversion of controlled narcotic medication substances.
Highlights from Pharmacy Safes Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Phoenix Safe (United States), American safety (United States), MESA Safe (United States), Wilson Safe (United States), Fireking Security (United States), Cennox Safes (United States), MGM securities (India), Access Security Products (Canada), Junba Safe (China) and Gurdall PTY (Australia)|
The companies in this field are investing in growing the advanced securities of the product so that customers will benefit from that. And To meet the high development socially responsible business companies are identifying various strategic pillars such as mergers & acquisitions, new product launches, product enhancements, and others. Phoenix Safe (United States), American safety (United States), MESA Safe (United States), Wilson Safe (United States), Fireking Security (United States), Cennox Safes (United States), MGM securities (India), Access Security Products (Canada), Junba Safe (China) and Gurdall PTY (Australia) are some of the key players profiled in the study.
Pharmacy Safes Market Segmentation:
|Application / End User||Hospital, Clinic and Others|
|Type||Fire Rated, High Securities Safes, Burglary Safes and Others|
On the basis of geography, the market of Pharmacy Safes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Australia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Pharmacy Safes Market Dynamics:
- Increase Preference towards Pharmacy Safes for all the Hospitals for High Demand of Security
- Increasing Innovation in the Fire Rate and Development of Safes
- Growing Demand for High-Efficiency Safety
- Low Awareness of Pharmacy Safes in some of the Clinic
|Road Blocks / Challenges|
- Slow Adoption of Pharmacy Safes with Less Dispensing Capacity Among the Users
|Gaps & Opportunities|
- Increased Installation of Pharmacy Safes in the Rural Areas
Market Leaders & Development Strategies
On 1st December 2021, Cennox a portfolio company of York Capital Management's private equity group today announced the acquisition of FireKing Safety and Security a leading U.S.-based financial safe and services business previously owned by Pfingsten Partners, L.L.C. The deal enables Cennox to enter the traditional and smart safe manufacturing business, and further expands its deployment and maintenance services across FireKing's 1,000 customers. The terms of the transaction were not disclosed.
On 16th October 2020, Wilson James announced the acquisition of The Security Group (TSG) as part of a long-term strategy to provide clients with holistic solutions to their security and guarding needs. The acquisition will allow Wilson James to meet increasing demand from customers for information-led solutions they require to address security challenges across a range of sectors. Customers will now benefit from advanced security technology through a new Technology Services business unit at Wilson James.
Key Target AudiencePharmacy Safes Healthcare, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others