Drug Adherence Packaging Market is expected to grow at a CAGR of 6.5% from 2022 to 2027

Drug Adherence Packaging Market

Growing need to minimize medication wastage and high rate of medication non-adherence are key factors driving the market revenue growth

NEW YORK CITY, NEW YORK, USA, May 17, 2022 /EINPresswire.com/ — The Global Drug Adherence Packaging Market The size is expected to reach USD 1.25 billion in 2027 and register a CAGR of 6.5% over the forecast period, according to the latest report from Reports and Data. Medicines are essential tools to effectively prevent and treat chronic diseases; However, despite their high value and established efficacy, the proper administration of the drugs continues to be a challenge for both patients and physicians.
Additionally, patients are not adhering to prescribed medications, leading to suboptimal clinical outcomes, increased medical expenses, and negative consequences on work efficiency and overall public health. Proper medication planning reduces the risk of patients being over- or under-medicated. Patient prescriptions will be packaged for consumers at home and delivered directly to their doorstep.

Medication adherence packages in pharmacies may also include a card for the patient to present to their treating physician, which includes a full list of medications, their dosages and required dosage instructions, to provide all prescribing physicians a complete summary of the patient’s clinical regimen. Both of these benefits of membership are expected to drive increased demand throughout the projection period.
Retail pharmacies are currently focusing on the potential impact on their day-to-day operations, expenses, software interface design, staff training, and compliance with state and federal regulations.

Pharmacies will also increase their productivity using adhesion packaging systems for oral solid medications, as research can be prepared for days with higher monthly turnover levels, and consistency will be significantly improved, as the The entire adhesion packaging process uses barcodes, standardized trays, and even barcoding for bedside medical services in pharmacies or hospital outpatient clinics.

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Some highlights of the report
• In 2019, the adhesion systems market was dominated by multi-dose packaging systems. The substantial market share and rapid expansion of this segment can be attributed primarily to the benefits of multi-dose packaging, which include supporting patients with complicated prescription regimens, improving patient safety, and eliminating waste. pharmaceuticals.
• The medication compliance packaging market is segmented by material into three segments: plastic film, paper & cardboard and aluminum. During the projected period, the plastic films segment is expected to grow at the fastest rate. This increase is due to the transparency, malleability, lightness and cost-effectiveness of the material.
• Retail pharmacies, long-term care homes and hospitals are the primary end consumers of compliance packaging. Over the projection period, long-term care would be the fastest growing end-user sector in the medication compliance packaging market.
• In 2019, retail drugstores dominated the adhesive packaging market. The growing need to eliminate dispensing errors and therefore increase operational capacity is driving the adoption of clamshell packaging in retail pharmacies.
• North America led the market in 2019. The prevalence of chronic diseases is increasing, the aging population is increasing rapidly, healthcare expenditure is increasing, the pharmaceutical market is growing, medication non-adherence is increasing. high and increasing public funding, all of which are supporting the expansion of the industry in the region.
• Key players in the drug adherence packaging market are Becton, Dickinson, and Company (US), Omnicell, Inc. (US), Cardinal Health, Inc. (US), McKesson Corporation ( USA), Parata Systems LLC (USA), TCGRx (USA), RxSafe, LLC (USA), Pearson Medical Technologies, LLC (USA), Talyst, LLC. (USA), Parata Systems LLC (USA), ARxIUM, Inc. (Canada) and KUKA AG (Germany).

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The research report categorizes the global adhesion packaging market into the following segments and sub-segments:
Type Outlook (Revenue, USD Billion; 2018-2028)

• Unit dose packaging systems
o Blister card
o Pouch/band
• Multi-dose packaging systems
o Blister card
o Pouch/band

Material Outlook (Revenue, USD Billion; 2018-2028)
• Plastic
• PVC
• Rigid PVC
• PET
• PE
• PP
• Others
• Paper and cardboard
• Aluminum

End User Outlook (Revenue, USD Billion; 2018-2028)
• Retail pharmacies
• Long-term care facilities
• Hospital
• Mail-order pharmacies

Region Outlook (Revenue, USD Billion; 2018-2028)
• North America
• Europe
• Asia Pacific
• Latin America

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Contents:
• Global Drug Adherence Packaging Market Overview
• Economic impact on the industry
• Market competition by manufacturers
• Production, revenue (value) by region
• Analysis of market effect factors
• Industrial chain, supply strategy and downstream buyers
• Supply (production), consumption, export, import by regions
• Production, revenue (value), price trend by type
• Global Drug Adherence Packaging Market Forecast
• Global Drug Adherence Packaging Market Analysis by Application
• Analysis of manufacturing costs
• Analysis of the marketing strategy, distributors/traders
• Research Result/Conclusion
• Annex

Finally, all aspects of the Drug Adherence Packaging Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market based on market drivers, limitations and its future prospects.

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Tushar Rajput
Reports and data
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