AndeanWire

Geographic Snapshot of Medication Adherence Packaging Market

Written by admin

The report 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) – Global Forecast to 2022″, The adherence packaging market witnessed healthy growth rate during the last decade and is expected to grow at a CAGR of 6.2% between 2017 and 2022 to reach USD 917.7 Million by 2022.

Get 10% Customization Free on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=211268724

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 adherence packaging market is consolidated in nature with the top five players commanding a major share of the market. In 2016, Cardinal Health, Inc. (U.S.), Omnicell, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Talyst, LLC (U.S.), and Parata Systems LLC (U.S.) dominated the adherence packaging market and accounted for approximately 55 to 60% share of the global adherence packaging market.

Browse and in-depth TOC on “Adherence Packaging Market

174 – Tables

31 – Figures

193 – Pages

View TOC Details @ https://www.marketsandmarkets.com/Market-Reports/adherence-packaging-market-211268724.html

Based on packaging type, the blister cards segment dominated the adherence packaging 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.

Adherence Packaging Market

The major end users of adherence packaging market are retail pharmacies, long-term care facilities, and hospitals. Long-term care is the fastest growing end user segment in the medication adherence packaging market during the forecast period. In 2016, the retail pharmacies dominated the adherence packaging market. Growing need to prevent dispensing errors and thereby improving the operational capacity are the factors driving the adoption of adherence packaging in retail pharmacies.

To know more Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=211268724

Cardinal Health, Inc. dominated the global adherence packaging market in 2016. The company offers Dispill multi-dose Packaging, which is a safer and easier way to help patients adhere to their medication schedules. The company has a strong presence in the U.S. and earns the majority of its revenue from sales in the U.S. The company is focusing on developing products. For instance, in 2014, Cardinal Health launched medication therapy management solution to make it easier for retail pharmacies to improve patient medication adherence. Cardinal Health also focuses on acquisitions to strengthen its position in the market. For instance, in 2015 Cardinal health acquired Medication Therapy Management. This acquisition helped the company to help payers, retail pharmacies, hospitals, and IDNs deliver medication therapy management (MTM) services to eligible patients.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

Visit Our Website: https://www.marketsandmarkets.com

Tags:

See Website: https://www.marketsandmarkets.com/Market-Reports/adherence-packaging-market-211268724.html
Contact Information:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

Tags:
Wire, Research Newswire, Press Release, South America, North America, United States, Latin America, United Kingdom, Europe, Africa, Asia, Middle East, English

image

Source: IcrowdNewsWire

About the author

admin