This Medication Adherence Packaging market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Medication Adherence Packaging market.
Global Medication Adherence Packaging - Market Introduction:
Medical non adherence is a common issue reported in every region, as per a report by IMS health, U.S. alone incurred avoidable costs of more than US$ 200 billion due to medication non adherence by patients. Due to the wide spread effect of medical non adherence, healthcare systems and government agencies all across the globe are working on packaging types that help in curbing the issue. The advent of the single dose formats is one of the initial step taken by the government to improve the patient compliance towards medications. Medical adherence packaging involves labelling and packaging of the pharmaceutical products in such a manner that ensures that the patient is taking the medicine as directed. The global medication adherence packaging market is expected to expand at a healthy CAGR due to advancement in the pharmaceutical market.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Initiatives by the governmental agencies across all regions for packaging types that improve the medicine intake regime of patients is one of the prime factor driving the growth of the global medication adherence packaging market. There has been increasing demand for packaging types that allows the patients keep a tab on their medicine intake, further fuelling the growth of the medication adherence packaging market. Financial implications of the medication adherence packaging as compared to the conventional packaging types is a restraining factor as not only the patients, even the manufacturers are reluctant to switch to the medication adherence packaging. Moreover, macroeconomic conditions in certain regions do not allow a steady growth for the medication adherence packaging market. Introduction of smart features in the medication adherence packaging types is a key trend prevailing in the global medication adherence packaging market. Manufacturers have introduced calendar blisters and smart caps to improve the medical non adherence issues in patients. Use of bio based raw materials for the production of medication adherence packaging is expected to create ample opportunities for the global medication adherence packaging market. Customization for brand differentiation is also expected to create growth opportunities for the global medication adherence packaging market.
Global Medication Adherence Packaging - Market Segmentation:
The global medication adherence packaging market is segmented on the basis of packaging type, material type, end use, and geography.
Global Medication Adherence Packaging Market - Regional Outlook:
On the basis of geography, the global medication adherence packaging market is segmented into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. North America is currently leading the global medication adherence packaging market due to the high expenditure on healthcare by the government in the region. In Europe, especially in Western Europe are marked by the highly advanced pharmaceutical market, thus the medication adherence packaging market is anticipated to experience steady growth over the forecast period. Asia Pacific medication adherence packaging market is expected to grow steadily due to increasing preference by consumers. The Middle East & Africa and Latin America region are expected to witness sluggish growth over the forecast period due to slowly developing economies and pharmaceutical market.
Global Medication Adherence Packaging Market - Key players:
Some of the key players operating in the global medication adherence packaging market are McKesson Corporation, WestRock Company, Manrex Limited, Genoa Healthcare, LLC, Omnicell UK, MTS Medication Technologies, and Catalyst Healthcare Ltd.
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On the basis of packaging type, the global medication adherence packaging market is segmented into
- Prefilled Syringes & Injectable
On the basis of material type, the global medication adherence packaging market is segmented into
- Paper & Paperboard
On the basis of end user, the global medication adherence packaging market is segmented into
- Retail Outlets
The report covers exhaustive analysis on:
- Global Medication Adherence Packaging Market Segments
- Global Medication Adherence Packaging Market Dynamics
- Historical Actual Market Size, 2012 - 2016
- Global Medication Adherence Packaging Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain for Medication Adherence Packaging Market
- Global Medication Adherence Packaging Market Current Trends/Issues/Challenges
- Competition & Companies involved in Medication Adherence Packaging Market
- High Altitude Aeronautical Platform Stations Technology
- Value Chain of High Altitude Aeronautical Platform Stations
- Global Medication Adherence Packaging Market Drivers and Restraints
Regional analysis for Global Medication Adherence Packaging Market includes
- North America Medication Adherence Packaging Market
- Latin America Medication Adherence Packaging Market
- Rest of Latin America
- Western Europe Medication Adherence Packaging Market
- Rest of Western Europe
- Eastern Europe Medication Adherence Packaging Market
- Asia Pacific Medication Adherence Packaging Market
- Australia and New Zealand (A&NZ)
- Rest of Asia Pacific
- Japan Medication Adherence Packaging Market
- Middle East and Africa Medication Adherence Packaging Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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- The current and future market size, covering each aspect and nuanced trends across key national and geographic markets
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Which framework has been used to develop the Medication Adherence Packaging Market report?
- Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
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