Adherence Packaging Market By Material (Plastic (PE, PET, PVC, and PP), Paper and Paperboard, Aluminum), By Type (Unit-dose Packaging, Multi-dose Packaging), By Packaging Type (Blisters, Pouches, Other Packaging Types), By End-User Industry (Retail Pharmaceuticals, Clinics & Pathology Labs, Others), Global Analysis to 2023
Published on: 2024-07-07 | No of Pages : 240 | Industry : Media and IT
Publisher : MRA | Format : PDF&Excel
Adherence Packaging Market By Material (Plastic (PE, PET, PVC, and PP), Paper and Paperboard, Aluminum), By Type (Unit-dose Packaging, Multi-dose Packaging), By Packaging Type (Blisters, Pouches, Other Packaging Types), By End-User Industry (Retail Pharmaceuticals, Clinics & Pathology Labs, Others), Global Analysis to 2023
Adherence Packaging Market By Material (Plastic (PE, PET, PVC, and PP), Paper and Paperboard, Aluminum), By Type (Unit-dose Packaging, Multi-dose Packaging), By Packaging Type (Blisters, Pouches, Other Packaging Types), By End-User Industry (Retail Pharmaceuticals, Clinics & Pathology Labs, Others), Global Analysis to 2023
Adherence Packaging Market Size And Forecast
According to the new report titled " Adherence Packaging Market By Material (Plastic (PE, PET, PVC, and PP), Paper and Paperboard, Aluminum), By Type (Unit-dose Packaging, Multi-dose Packaging), By Packaging Type (Blisters, Pouches, Other Packaging Types), By End-User Industry (Retail Pharmaceuticals, Clinics & Pathology Labs, Others), Global Analysis to 2023"
The valuation of the Adherence Packaging market was $972 Million in 2023 and is projected to reach $1892 Million by 2032, at a CAGR of 6.82% from 2021 to 2032.
The Adherence Packaging Market was valued at $972 Million by 2023 and expected to grow at CAGR of 6.82% over forecast period. Adherence packaging, also known as compliance packaging or medication adherence packaging, refers to specialized packaging designed to help patients adhere to their medication regimen. This packaging aims to simplify the process of taking medications correctly and on time, thereby improving patient adherence and health outcomes. As the population ages, the prevalence of chronic conditions and the need for long-term medication management rises.
Adherence packaging provides a solution for older adults who may have difficulty managing multiple medications and complex dosing schedules. With the advancement of medical treatments, the complexity of medication regimens has increased. Adherence packaging simplifies the process of taking multiple medications by organizing them into easy-to-follow schedules, reducing the risk of errors and missed doses. Technological advancements have led to the development of innovative adherence packaging solutions, such as smart pillboxes and medication reminder apps. These technologies further enhance the effectiveness of adherence packaging by providing additional features such as automated reminders and remote monitoring. Adherence packaging offers convenience to patients by simplifying the medication management process. Patients appreciate the ease of use and portability of adherence packaging, which can improve their overall medication experience and quality of life.
Plastic held the largest share in the Adherence Packaging market
By Material (Plastic (PE, PET, PVC, and PP), Paper and Paperboard, Aluminum) where Plastic plays a crucial role in the Adherence Packaging market. Plastic adherence packaging offers durability and protection for medications, safeguarding them from environmental factors such as moisture, light, and air, which can affect their efficacy. This ensures that medications remain potent and effective throughout their shelf life. Plastic adherence packaging can be easily customized to accommodate various types of medications, dosages, and dosing schedules. This flexibility allows healthcare providers to tailor packaging solutions to meet the specific needs of individual patients, improving medication adherence and patient outcomes. Plastic adherence packaging may be required or recommended by regulatory authorities for certain medications, especially those with specific storage and handling requirements or those at risk of diversion or misuse. Compliance with these regulations drives the demand for plastic adherence packaging in healthcare settings.
Plastic adherence packaging can be cost-effective compared to other packaging materials, such as glass or metal, while still providing the necessary protection and functionality for medications. This cost-effectiveness makes plastic adherence packaging an attractive option for healthcare providers and patients alike.
North America headed the Adherence Packaging market in 2023
North America has a significant aging population, with a large number of seniors requiring chronicdisease management and multiple medications. Adherence packaging helps older adults manage their medications more effectively, reducing the risk of medication errors and improving health outcomes. Chronic diseases such as diabetes, hypertension, and cardiovascular diseases are widespread in North America. Patients with chronic conditions often require complex medication regimens, making adherence packaging essential for simplifying medication management and improving adherence rates. Healthcare systems in North America are increasingly shifting towards value-based care models, which prioritize patient outcomes and cost-effectiveness. Adherence packaging supports these initiatives by promoting medication adherence, thereby improving patient health outcomes and reducing the overall cost of care. Technological innovations such as smart packaging and medication reminder apps are gaining popularity in North America. These advanced adherence packaging solutions offer features such as automated reminders, dose tracking, and remote monitoring, further enhancing medication adherence and patient engagement. There is a growing emphasis on patient-centered care in North America, with healthcare providers striving to meet the unique needs and preferences of individual patients. Adherence packaging enhances the patient experience by providing convenient, user-friendly medication management solutions tailored to each patient's specific requirements.
Key market players operating in the market that are profiled in the report are
Cardinal Health Inc. , Drug Package LLC, Jones Healthcare Group, Keystone Folding Box Co. , Manrex Limited, Medicine-On-Time LLC, Omnicell Inc. , Parata Systems LLC , Rx Systems Inc. and Westrock Company etc.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD |
2020-2030 |
BASE YEAR |
2023 |
FORECAST PERIOD |
2024-2030 |
HISTORICAL PERIOD |
2020-2022 |
UNIT |
Value (USD Billion) |
KEY COMPANIES PROFILED |
Cardinal Health, Omnicell, Becton, Dickinson and Company, McKesson Corporation, Parata Systems, TCGRx, RxSafe, Pearson Medical Technologies, Talyst |
SEGMENTS COVERED |
By Packaging Type, By Technology, By End-User, and By Geography |
CUSTOMIZATION SCOPE |
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment sco |
Key Players
The major players in the Adherence Packaging Market are
- Cardinal Health
- Omnicell
- Becton, Dickinson and Company
- McKesson Corporation
- Parata Systems
- TCGRx
- RxSafe
- Pearson Medical Technologies
- Talyst
Global Adherence Packaging Market Segmentation Analysis
Global Adherence Packaging Market is segmented based on Packaging Type, Technology, End-User, And Geography.
Adherence Packaging Market, By Packaging Type
- Blister CardsPre-formed plastic sheets with compartments for individual doses.
- Multi-dose PackagingContains multiple doses in one container, organized by day and time.
- Unit-dose PackagingIndividual doses pre-packaged in separate containers.
- Pouch PackagingMedications in tear-off pouches, often with labeling.
- Bottles and VialsTraditional containers with dosage instructions.
Adherence Packaging Market, By Technology
- Manual PackagingTraditional method involving manual assembly and labeling.
- Automated Packaging SystemsStreamline the packaging process, increase efficiency, and reduce errors.
- Electronic Adherence MonitoringIncorporate monitoring devices or sensors to track medication usage and provide reminders.
- Smart PackagingUtilize features like RFID tags, QR codes, or NFC chips for enhanced tracking and patient engagement.
Adherence Packaging Market, By End-User
- Retail PharmaciesProvide adherence packaging for patient medication management.
- Long-term Care FacilitiesUse adherence packaging to simplify medication administration for residents.
- Hospitals and ClinicsAdopt adherence packaging to improve medication adherence for inpatient and outpatient care.
- Home HealthcarePatients receiving home healthcare benefit from adherence packaging for compliance.
Adherence Packaging Market, By Geography
- North America Market conditions and demand in the United States, Canada, and Mexico.
- Europe Analysis of the Adherence Packaging Market in European countries.
- Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa Examining market dynamics in the Middle East and African regions.
- Latin America Covering market trends and developments in countries across Latin America.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Table of Content
1. Introduction
· Market Definition
· Market Segmentation
· Research Methodology
2. Executive Summary
· Key Findings
· Market Overview
· Market Highlights
3. Market Overview
· Market Size and Growth Potential
· Market Trends
· Market Drivers
· Market Restraints
· Market Opportunities
· Porter's Five Forces Analysis
4. Adherence Packaging Market, By Packaging Type
• Blister Cards
• Multi-dose Packaging
• Unit-dose Packaging
• Pouch Packaging
• Bottles and Vials
5. Adherence Packaging Market, By Technology
• Manual Packaging
• Automated Packaging Systems
• Electronic Adherence Monitoring
• Smart Packaging
6. Adherence Packaging Market, By End-User
• Retail Pharmacies
• Long-term Care Facilities
• Hospitals and Clinics
• Home Healthcare
7. Regional Analysis
· North America
· United States
· Canada
· Mexico
· Europe
· United Kingdom
· Germany
· France
· Italy
· Asia-Pacific
· China
· Japan
· India
· Australia
· Latin America
· Brazil
· Argentina
· Chile
· Middle East and Africa
· South Africa
· Saudi Arabia
· UAE
8. Market Dynamics
· Market Drivers
· Market Restraints
· Market Opportunities
· Impact of COVID-19 on the Market
9. Competitive Landscape
· Key Players
· Market Share Analysis
10. Company Profiles
• Cardinal Health
• Omnicell
• Becton, Dickinson and Company
• McKesson Corporation
• Parata Systems
• TCGRx
• RxSafe
• Pearson Medical Technologies
• Talyst
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Key Players
The major players in the Adherence Packaging Market are
- Cardinal Health
- Omnicell
- Becton, Dickinson and Company
- McKesson Corporation
- Parata Systems
- TCGRx
- RxSafe
- Pearson Medical Technologies
- Talyst