Market Overview:
Adherence packaging is packaging systems used primarily for unit-dose packaged solid oral drugs and liquid medications. These pre-filled and sealed packaging systems help patients in consuming the right dose of medication at appropriate time intervals. Adherence packaging is widely used by hospitals, long-term care facilities, and home care settings to minimize medication errors. The growing prevale         nce of chronic diseases such as diabetes, cancer, cardiovascular diseases and respiratory diseases positively impacts market growth.

The global Adherence Packaging Market is estimated to be valued at US$ 993.89 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Increasing prevalence of chronic diseases is the key factor driving growth of the adherence packaging market. According to the Centers for Disease Control and Prevention (CDC), around 6 in 10 adults in the U.S. suffer from at least one chronic disease, and 4 in 10 adults have two or more chronic diseases. Pharmaceutical companies and healthcare providers are increasingly adopting adherence packaging solutions to improve medication adherence among patients suffering from chronic diseases. For instance, blister cards or bubble packs for diabetes, blood pressure, and asthma patients help them consume medicines on time. Moreover, rising geriatric population also fuels the demand for adherence packaging. Older patients suffering from multiple chronic conditions require assistance to maintain prescribed medication routines. Adherence packaging provides visual cues and organization of multi-drug regimens for senior citizens, thereby driving its adoption.

SWOT Analysis

Strength: Adherence packaging helps the overall healthcare system by increasing medication adherence levels. This helps improve patient health outcomes and lowers overall healthcare spending. It provides easy access to medication and alerts patients to take their medication on time through effective packaging design and information. Customized labelling and packaging as per patients' needs and conditions enhance convenience.

Weakness: Adherence packaging increases healthcare costs in the short term due to additional material and labor costs involved in specialized packaging solutions. It also generates more non-recyclable plastic waste compared to traditional packaging. The effective implementation of adherence packaging requires collaboration between different stakeholders in the healthcare system including doctors, pharmacists, and patients.

Opportunity: Rising cases of chronic diseases and increasing elderly population prone to taking multiple medications daily present a huge market opportunity. Growing need to reduce medication non-adherence rates and prevent wastage of unused medications will drive demand. Adoption of digital solutions and integration of adherence packaging with digital monitoring systems allows for remote tracking of medication intake patterns.

Threats: Strict regulatory compliance and quality standards for medical packaging add to operational challenges and costs. Substitution threat from alternative dosage forms and drug delivery technologies that do not require adherence to a strict daily schedule. Economic slowdowns can negatively impact disposable healthcare budgets and investments in adherence-enhancing solutions.

Key Takeaways

The global Adherence Packaging Market Share is expected to witness high growth, exhibiting CAGR of 7.2% over the forecast period, due to increasing prevalence of chronic diseases requiring long-term medication therapy.

Regional analysis
North America currently dominates the global adherence packaging market, accounting for over 35% of the total market share in 2023, led by the US. This is attributed to supportive health insurer coverage and emphasis on reducing health costs through improved medication adherence. Asia Pacific is expected to be the fastest growing regional market exhibiting a CAGR of around 9% during the forecast period due to rising healthcare infrastructure, awareness, and affordability in major country markets like India and China.

Key players

Key players operating in the adherence packaging market are Westrock Company, Keystone Folding Box Co, Cardinal Health Inc, Omnicell Inc., Jones Healthcare Group, Drug Package LLC, Manrex Limited, Medicine-on-time LLC, and Rx Systems Inc. Most leading players are focusing on new product development, partnerships, and mergers and acquisitions to strengthen their market positions. For instance, in 2021, Westrock Company acquired Automated Packaging Systems to expand product offerings across adherence packaging space.

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