Adherence Packaging Market is projected to reach USD 917.7 Million by 2022
© Liam Jacob
Global Adherence Packaging Market Overview:
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%.
Medical non-adherence is a common problem reported in each region, according to a report published by IMS Health, since in the United States alone there are avoidable costs of more than $ 200 billion due to the patient's failure to comply. Due to the widespread effect of non-adherence with medical standards, health systems and government agencies around the world are working on the types of packaging that help reduce the problem. The advent of single-dose formats is one of the initial steps that the government has taken to improve adherence to treatment by patients. Medical adherence packaging Market involves the labeling and packaging of pharmaceutical products for the patient to take the medication according to the instructions. It is expected that the global drug packaging market will experience a high average annual growth rate because of advances in the pharmaceutical market.
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Drivers and Restraints:
The initiatives of government agencies in all regions regarding the types of packaging that improve patients' drug intake regimes is one of the main drivers of growth in the global drug packaging market. There has been a growing demand for types of packaging that allow patients to monitor their drug use, driving the growth of the drug packaging market. The financial implications of the containers for the adherence to the medicines on the types of conventional containers is a limiting factor, since not only the patients, even the manufacturers, are reluctant to opt for a container based on medicines. In addition, macroeconomic conditions in some regions do not allow for a steady growth in the drug compliance packaging market. The introduction of intelligent characteristics in the types of medicine delivery containers is a key trend in the global market of medicine adhesion containers. Manufacturers have introduced calendar blisters and smart caps to improve patient compliance problems. It is expected that the use of raw materials of biological origin to produce medicine containers creates many opportunities for the global market of drug-resistant packaging. It is also expected that customization for brand differentiation creates growth opportunities for the global drug-based packaging market.
Geographical Segmentation:
Geographically, the global adherence packaging market is segmented in North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2016, North America dominated the global access packaging market owing to factors such as the increase in the prevalence of chronic diseases, the rising costs of medical care, the rapid growth of the aging population, the growth in the pharmaceutical market, the high rate of non-compliance and increased funding. Europe is the fastest growing market for the member packaging market. The growth of the adhesion packaging market in Europe is mainly due to the availability of significant public funds for R & D, the presence of the main packaging companies, the growing prevalence of cardiovascular diseases and the aging of the population.
The major players in the medication 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).
Browse report brief and TOC @ https://www.researchcosmos.com/reports/global-adherence-packaging-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/2089218
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Inquire before Buying @ https://www.researchcosmos.com/inquire/global-adherence-packaging-market-analysis-and-forecast-to-2/2089218
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact Us:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: acutemarketinsights.com
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kevin@researchcosmos.com
+1 888 709 8757
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%.
Medical non-adherence is a common problem reported in each region, according to a report published by IMS Health, since in the United States alone there are avoidable costs of more than $ 200 billion due to the patient's failure to comply. Due to the widespread effect of non-adherence with medical standards, health systems and government agencies around the world are working on the types of packaging that help reduce the problem. The advent of single-dose formats is one of the initial steps that the government has taken to improve adherence to treatment by patients. Medical adherence packaging Market involves the labeling and packaging of pharmaceutical products for the patient to take the medication according to the instructions. It is expected that the global drug packaging market will experience a high average annual growth rate because of advances in the pharmaceutical market.
Get Sample Brochure of the Report @ https://www.researchcosmos.com/request/global-adherence-packaging-market-analysis-and-forecast-to-2/2089218
Drivers and Restraints:
The initiatives of government agencies in all regions regarding the types of packaging that improve patients' drug intake regimes is one of the main drivers of growth in the global drug packaging market. There has been a growing demand for types of packaging that allow patients to monitor their drug use, driving the growth of the drug packaging market. The financial implications of the containers for the adherence to the medicines on the types of conventional containers is a limiting factor, since not only the patients, even the manufacturers, are reluctant to opt for a container based on medicines. In addition, macroeconomic conditions in some regions do not allow for a steady growth in the drug compliance packaging market. The introduction of intelligent characteristics in the types of medicine delivery containers is a key trend in the global market of medicine adhesion containers. Manufacturers have introduced calendar blisters and smart caps to improve patient compliance problems. It is expected that the use of raw materials of biological origin to produce medicine containers creates many opportunities for the global market of drug-resistant packaging. It is also expected that customization for brand differentiation creates growth opportunities for the global drug-based packaging market.
Geographical Segmentation:
Geographically, the global adherence packaging market is segmented in North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2016, North America dominated the global access packaging market owing to factors such as the increase in the prevalence of chronic diseases, the rising costs of medical care, the rapid growth of the aging population, the growth in the pharmaceutical market, the high rate of non-compliance and increased funding. Europe is the fastest growing market for the member packaging market. The growth of the adhesion packaging market in Europe is mainly due to the availability of significant public funds for R & D, the presence of the main packaging companies, the growing prevalence of cardiovascular diseases and the aging of the population.
The major players in the medication 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).
Browse report brief and TOC @ https://www.researchcosmos.com/reports/global-adherence-packaging-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/2089218
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Inquire before Buying @ https://www.researchcosmos.com/inquire/global-adherence-packaging-market-analysis-and-forecast-to-2/2089218
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact Us:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: acutemarketinsights.com
Blog: marketreportsweb.com/
kevin@researchcosmos.com
+1 888 709 8757