Global Adherence Packaging Market growth can be attributed to the growing need to minimize medication wastage, high rate of medication nonadherence, and technological advancements such as remote dispensing systems. On the other hand, high installation and maintenance costs of automated systems are expected to restrain the overall market growth during the forecast period.
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Complete report on Adherence Packaging Market spread across 199 pages, Profiling 14 Companies and Supported with 174 Tables and 31 Figures is now available at www.rnrmarketresearch.com/adherence-packaging-market-by-system-unit-dose-multi-dose-type-blister-card-pouch-material-plastic-paper-paperboard-aluminum-end-user-retail-long-term-care-facility-hospital-mail-order-pharmacies-st-to-2022-market-report.html .
The global adherence packaging market is projected to reach USD 917.7 million by 2022 from an estimated USD 679.1 million in 2017, at a CAGR of 6.2%. The multi-dose packaging systems segment is further segmented into blister cards packaging systems, pouches/strips packaging systems.
On the basis of systems, the adherence packaging market is categorized into multi-dose packaging systems and unit-dose packaging systems.
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- Healthcare institutions (hospitals, medical schools, and outpatient clinics)
- Pharmacy chains
- Long-term care facilities
- Corporate entities
- Market research and consulting firms
- Venture capitalists and investors
In this report, the global medication adherence packaging market is segmented on the basis of systems type, packaging type & material, and end users. This report also provides market information on major regional segments, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
In 2016, the multi-dose packaging systems dominated the adherence systems market.
The large share and high growth of this segment can be attributed to enhanced medication shelf life, better tamper resistance, easy storage & transport, reduced medicine dispensing time, and improved medication adherence. By material, the adherence packaging market is classified into plastic film, paper & paperboard, and aluminum.
The plastic film segment is expected to register the highest CAGR during the forecast period. The growth can be attributed to its transparency, malleability, lightweight, and cost-effectiveness.
Break of primary participants was as mentioned below:
- By Company Type – Tier 1–45%, Tier 2–40% and Tier 3–15%
- By Designation – C-level–45.5%, Director Level–32.0%, Others–22.5%
- By Region – North America–43.7%, Europe–24.8%, Asia-Pacific–26.7%, Latin America–1.9%, Middle East & Africa- 2.9%
The major players in the adherence packaging market are Becton, Dickinson, and Company (U.S.), Omnicell, Inc. (U.S.), Cardinal Health, Inc. (U.S.), McKesson Corporation (U.S.), Parata Systems LLC (U.S), TCGRx (U.S.), RxSafe, LLC (U.S.), Pearson Medical Technologies, LLC (U.S.), Talyst, LLC.
(U.S.), Parata Systems LLC (U.S.), ARxIUM, Inc. (Canada), and KUKA AG (Germany).
2 Market Share Analysis
3 Competitive Leadership Mapping
4 Visionary Leaders
6 Emerging Companies
7 Dynamic Differentiators
8 Competitive Benchmarking
9 Strength of Product Portfolio
10 Business Strategy Excellence
European market shows significant growth potential for the adherence packaging market. Europe is also the fastest-growing market for adherence packaging.
The growth of the adherence packaging market across Europe is primarily driven by the availability of significant government funding for R&D, presence of prominent adherence packaging companies, increasing prevalence of cardiovascular disease, and growth in aging population, which significantly increases the burden on European healthcare systems and boost the demand for effective and efficient solutions.
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