Cardinal Health, Inc. (U.S.), Omnicell, Inc. (U.S.), Baxter International, Inc. (U.S.), Becton, Dickinson and Company (U.S.), and Parata Systems LLC (U.S.) Dominate the Global Adherence Packaging Market

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.


Market growth can be attributed to the growing need to minimize medication wastage, high rate of medication nonadherence, and technological advancements such as remote dispensing systems. On the other hand, high installation and maintenance costs of automated systems are expected to restrain the overall market growth during the forecast period.
In this report, the global medication adherence packaging market is segmented on the basis of systems type, packaging type & material, and end users. This report also provides market information on major regional segments, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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.
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.
Adherence Packaging Market


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).
Location: Dundee Rd, Illinois, USA

Comments

Post a Comment

Popular posts from this blog

Emerging Economies in Asia Will Offer Growth Opportunities for Players in the Glycomics/Glycobiology Market

Image
The  glycomics/glycobiology  market across the globe is witnessing high growth. Factors such as increasing government and private funding for glycomics and proteomics research and growing R&D expenditure by pharmaceutical and biotechnology companies are the key drivers for the growth of this market. The global glycomics/glycobiology market is poised to reach USD 1,211.4 million by 2021 from USD 649.5 million in 2016, at a CAGR of 13.3%. Factors such as increasing government and private funding for glycomics and proteomics research and growing R&D expenditure by pharmaceutical and biotechnology companies are the key drivers for the growth of the market. Whereas, the high degree of consolidation is expected to restrict the entry of new players in the market, and thereby hinder its growth. On the other hand, high degree of consolidation hinders entry of new players to the market and stringent regulatory frameworks and time-consuming approval processes are restrainin...
Read more