The global adherence packaging industry is poised for significant growth, with an anticipated market value of US$ 988 million in 2023. This growth trend is expected to continue, resulting in a compelling valuation of US$ 1,870 million by the conclusion of the forecast period in 2033. This impressive surge in the market is underpinned by a notable Compound Annual Growth Rate (CAGR) of 6.59% over the decade from 2023 to 2033. The adherence packaging market exhibited substantial progress in the historical period from 2018 to 2022, achieving a CAGR of 5%.
Adherence packaging, also known as compliance packaging or medication adherence packaging, refers to specialized packaging solutions designed to help patients adhere to their prescribed medication regimens. These packaging systems are intended to organize and facilitate the correct and timely administration of medications, particularly for individuals managing chronic conditions or complex medication schedules.
Furthermore, the market’s expansion is being fueled by a heightened focus on reducing drug wastage. Medication waste not only has a substantial financial impact on the healthcare system but also leads to negative environmental consequences. The imperative to minimize medicine wastage is becoming increasingly vital, presenting new avenues for market growth as healthcare systems seek more efficient and eco-friendly solutions.
Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-12520
In-depth analysis of Adherence Packaging:
- Purpose and Importance: Adherence packaging plays a crucial role in improving medication adherence, which refers to the extent to which patients take medications as prescribed by their healthcare providers. Poor medication adherence is a significant healthcare challenge associated with adverse health outcomes, increased healthcare costs, and reduced quality of life. Adherence packaging aims to address barriers to medication adherence by simplifying medication management and promoting proper dosage administration.
- Features and Design: Adherence packaging comes in various forms and configurations tailored to meet the diverse needs of patients and healthcare settings. Common features of adherence packaging include:
- Individualized compartments or blisters for each dose of medication, organized by date and time of administration.
- Clear labeling with instructions, dosage information, and medication details to enhance readability and comprehension.
- Color-coded or visual cues to differentiate between different medications or dosages and minimize the risk of errors.
- Child-resistant or tamper-evident packaging to ensure medication safety and prevent unauthorized access.
- Customizable options such as multi-dose packs, unit-of-use packaging, or medication synchronization services to streamline medication management and refills.
- Types of Adherence Packaging: Adherence packaging encompasses a range of packaging formats designed to accommodate various medication regimens and patient preferences. Some common types of adherence packaging include:
- Blister packs: Pre-formed plastic blisters containing individual doses of medication, sealed with foil or plastic backing.
- Pill organizers: Weekly or monthly organizers with compartments for each day or time of day, allowing patients to pre-sort their medications.
- Unit-dose packaging: Single-dose packets or pouches containing a specific medication dose, often used in institutional settings or for travel.
- Smart packaging: Innovative packaging solutions integrated with technology, such as electronic pill dispensers or medication reminder systems, to enhance adherence monitoring and support.
Regional Analysis
The economic impact of non-adherence packaging in the United States healthcare system is a substantial concern due to its significant direct costs. The STOMPP (Study to Assess the Effect of Pharmacists and Pharmacy Facilities on Drug Non-Adherence) identified hyperlipidemia, hypertension, and/or type 2 diabetes as prevalent conditions among individuals studied. Notably, the participants exhibited a body mass index exceeding 30, were on an average of 10 medications, and showcased uncontrolled HbA1c diabetes levels surpassing 7%.
In addition to these health implications, the research delved into measures of clinical performance, quality of life, and comprehensive data on costs and utilization. Correspondingly, an article from 2018 titled “Medication Adherence: The Elephant in the House” highlighted that non-adherence packaging could contribute to up to 50% of care delays, an estimated 125,000 deaths, and up to 25% of annual hospitalizations in the United States. This revelation underscores the pressing need for adherence packaging solutions, leading to a discernible surge in demand within the healthcare sector.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12520
Key Players
- Accu-Chart Plus Healthcare Systems, Inc.
- Arxium, Inc.
- Becton
- Dickinson and Company
- Cardinal Health, Inc.
- Manrex Limited
- Mckesson Corporation
- Medicine-On-Time
- Omnicell
- Pearson Medical Technologies LLC
- TCGRx
- WestRock Company
Segmentation
Material type:
- Plastic Film
- Paper & Paperboard
- Aluminum
- Others
Packaging Type:
- Strip/Pouch
- Blister Card
- Others
End-Use:
- Retail Pharmaceuticals
- Clinics & Pathology Labs
- Others
Buy this Exclusive Report: https://www.futuremarketinsights.com/checkout/12520
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube