According to a recent report by Reports and Data, the global Medication Adherence Packaging Market is anticipated to reach USD 1.25 billion by 2027, with a revenue CAGR of 6.5% during the forecast period. Proper medication administration continues to be a challenge for both patients and physicians, resulting in suboptimal clinical outcomes, increased medical expenses, and negative consequences on workplace efficiency and public health. Medication adherence packaging can address this issue by providing appropriate medication scheduling, which reduces the danger of patients being over- or under-medicated.

Adherence packaging can also be used to package patients' prescriptions for homebound consumers and delivered directly to their door. Pharmacies can use adherence packaging systems for oral-solid drugs to increase productivity, as research can be prepared for days with higher monthly refill levels, and consistency will be significantly improved.

Get a sample copy of the Medication Adherence Packaging market report: https://www.reportsanddata.com/download-free-sample/3514

The market for adherence systems was dominated by multi-dose packaging systems in 2019. The plastic film segment is expected to grow at the fastest rate during the projected period due to its transparency, malleability, lightweight nature, and cost-effectiveness. Long-term care homes are expected to be the fastest expanding end-user sector in the medication adherence packaging market during the projection period.

North America led the market in 2019 due to the increasing prevalence of chronic diseases, a rapidly growing ageing population, increasing healthcare expenditure, a growing pharmaceutical market, high medication non-adherence, and increasing government financing.

Key players in the medication adherence packaging market include:  

1.      Becton

2.      Dickinson, and Company

3.      Omnicell, Inc.

4.      Cardinal Health, Inc.

5.      McKesson Corporation

6.      Parata Systems LLC

7.      TCGRx, RxSafe, LLC

8.      Pearson Medical Technologies, LLC

9.      Talyst, LLC.

10. Parata Systems LLC

11. ARxIUM, Inc.

12. KUKA AG.

The global adherence packaging market is categorized into segments and sub-segments based on type, material, end-user, and region.

Medication Adherence Packaging Market: Drive factors

The Medication Adherence Packaging Market is expected to grow significantly over the forecast period, with a projected revenue CAGR of 6.5% and a market size of USD 1.25 billion in 2027. The main drivers of this growth are the challenges faced by both patients and physicians in ensuring proper medication administration, which results in suboptimal clinical outcomes, increased medical expenses, and negative consequences on workplace efficiency and general public health.

Medication adherence packaging can help overcome these challenges by providing proper medication scheduling and reducing the danger of patients being over- or under-medicated. This can be particularly beneficial for homebound consumers, who can have their prescriptions packaged and delivered directly to their door.

Pharmacies are also increasingly using adherence packaging systems for oral-solid drugs, which can improve productivity and consistency, as the entire adherence packaging process uses barcoding, standardised trays, and even barcoding for medical-to-bed services in hospital outpatient pharmacies or clinics.

Additionally, multi-dose packaging systems have dominated the market for adherence systems in 2019 due to the benefits they offer in supporting patients with complicated prescription regimens, enhancing patient safety, and eliminating pharmaceutical waste.

The market for medication adherence packaging is segmented by material into plastic film, paper & paperboard, and aluminium, with the plastic film segment expected to grow at the fastest rate during the projected period due to its transparency, malleability, lightweight nature, and cost-effectiveness.

Finally, the primary end consumers of adherence packaging are retail pharmacies, long-term care homes, hospitals, and mail-order pharmacies, with long-term care expected to be the fastest expanding end user sector in the medication adherence packaging market.

Explore Trending Reports:

http://webservices.icodes-us.com/transfer2.php?location=https://www.reportsanddata.com/

https://joomlinks.org/?url=https://www.reportsanddata.com/

http://www.lotus-europa.com/siteview.asp?page=https://www.reportsanddata.com/

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/3514

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data    

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs