Global Medication Adherence Packaging Systems Market Size, Share, and COVID-19 Impact Analysis, By Packaging Type (Blister Packaging, Pouch Packaging, Strip Packaging, Multi-Dose Packaging, Others), By Material Type (Plastic, Paper, Aluminum, Others), By Application (Oral Medications, Topical Medications, Injectable Medications, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Industry: Healthcare

RELEASE DATE Sep 2024
REPORT ID SI6154
PAGES 230
REPORT FORMAT PathSoft

Global Medication Adherence Packaging Systems Market Insights Forecasts to 2033

  • The Global Medication Adherence Packaging Systems Market Size was Valued at USD 854.10 Million in 2023
  • The Market Size is Growing at a CAGR of 8.90% from 2023 to 2033
  • The Worldwide Medication Adherence Packaging Systems Market Size is Expected to Reach USD 2003.40 Million by 2033
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

Global Medication Adherence Packaging Systems Market

Get more details on this report -

Request Free Sample PDF

The Global Medication Adherence Packaging Systems Market Size is Anticipated to Exceed USD 2003.40 Million by 2033, Growing at a CAGR of 8.90% from 2023 to 2033.

 

Market Overview

Medication adherence packaging systems, also known as compliance or medication convenience packaging. Medication adherence packaging systems are systems designed to help patients take their medications as prescribed. These systems aim to improve adherence by organizing and simplifying the medication-taking process.   

 

Medication adherence packaging systems are designed to simplify and improve the management of complex medication regimens, especially for patients with chronic conditions or multiple prescriptions. Key drivers include the complexity of medication schedules, the needs of an aging population, advancements in technology, and the goal of improving patient outcomes while reducing healthcare costs. By enhancing convenience, safety, and clarity, these systems aim to reduce medication errors and ensure that patients adhere to their prescribed treatments more effectively.

 

For Instance, In February 2024, Capsa Healthcare, a leader in advanced healthcare workflow solutions, launched the NexPak Automated Packaging System. NexPak provides pharmacies with the most direct way to implement automated medication packing for an efficient staging process and structured medication administration to patients.

 

Report Coverage

This research report categorizes the market for medication adherence packaging systems based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the medication adherence packaging systems market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the medication adherence packaging systems market.

 

Global Medication Adherence Packaging Systems Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 854.10 Million
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :8.90%
2033 Value Projection:USD 2003.40 Million
Historical Data for:2019-2022
No. of Pages:230
Tables, Charts & Figures:110
Segments covered:By Packaging Type, By Material Type, By Application, By Region and COVID-19 Impact Analysis
Companies covered:: Cardinal Health, Omnicell, WestRock, Parata Systems, McKesson Corporation, TCGRx, RxSafe, Pearson Medical Technologies, Talyst, LLC, ARxIUM, KUKA AG, and Others Key Vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

Get more details on this report -

Request Free Sample PDF
 

Driving Factors

The growth of the medication adherence packaging systems market is propelled by several factors including the aging population, growing chronic illness burden, technological advancements, government initiatives, increasing recognition of the importance of adherence, rising healthcare expenditure, and a patient-centric approach. The aging population faces complicated drug schedules, and the growing chronic illness burden necessitates solutions to enhance drug adherence and health outcomes. Technological advancements enable new packaging techniques, such as electronic reminders and dose tracking, to improve patient involvement. Governments are also promoting adherence packaging systems to save healthcare costs and improve patient outcomes.

 

Restraining Factors

The medication adherence packaging systems market is constrained by several factors including cost, lack of knowledge, resistance to change, regulatory obstacles, technological restrictions, and concerns about confidentiality and privacy. Patients might be hesitant to adopt these systems due to lower income or inadequate healthcare access. Integration with existing systems can be difficult and expensive, and dependability and accuracy constrain the market growth.

 

Market Segmentation

The medication adherence packaging systems market share is classified into packaging type, material type, and application.

 

  • The blister packaging segment is estimated to hold the highest market revenue share through the projected period.

Based on the packaging type, the medication adherence packaging systems market is classified into blister packaging, pouch packaging, strip packaging, multi-dose packaging, and others. Among these, the blister packaging segment is estimated to hold the highest market revenue share through the projected period. Blister packaging is poised to dominate the medication adherence packaging systems market due to its superior protection, convenience, and tamper-evidence. It effectively safeguards medications from environmental factors like moisture and light, while its dose compartments make it easy for patients to manage their prescriptions. Furthermore, blister packs often include features that meet regulatory standards and enhance patient safety.

 

  • The plastic segment is anticipated to hold the largest market share through the forecast period.

Based on the material type, the medication adherence packaging systems market is divided into plastic, paper, aluminum, and others. Among these, the plastic segment is anticipated to hold the largest market share through the forecast period. Plastic's widespread use is attributed to its versatility, cost-effectiveness, and excellent protective qualities. It offers durability and flexibility in design, allowing for a range of packaging options that can be tailored to specific medication demands. Furthermore, plastic materials are lightweight and can be produced in various forms, such as blister packs and pouches, enhancing their suitability for different packaging applications.

 

  • The oral medications segment dominates the market with the largest market share through the forecast period.

Based on the application, the medication adherence packaging systems market is categorized into oral medications, topical medications, injectable medications, and others. Among these, the oral medications segment dominates the market with the largest market share through the forecast period. The segment prominence is propelled by the high prevalence and convenience of oral medications, which are widely prescribed for a variety of conditions. Packaging systems designed for oral medications, such as blister packs and pill bottles, enhance adherence by facilitating easy access to individual doses and often include features like dose reminders. The focus on improving patient compliance and the broad application of oral medications across different therapeutic areas contribute to the segment's leading position in the market.

 

Regional Segment Analysis of the Medication Adherence Packaging Systems Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the medication adherence packaging systems market over the predicted timeframe.

Global Medication Adherence Packaging Systems Market

Get more details on this report -

Request Free Sample PDF

North America is anticipated to hold the largest share of the medication adherence packaging systems market over the predicted timeframe. The North American region is dominated due to a well-established healthcare infrastructure, high levels of healthcare expenditure, and a strong emphasis on improving medication adherence and patient safety. Furthermore, the region benefits from advanced technology adoption and innovation in packaging solutions, as well as a robust regulatory framework that supports the development and implementation of effective adherence packaging systems.

 

Asia Pacific is expected to grow at the fastest CAGR growth of the medication adherence packaging systems market during the forecast period. The rapid growth can be attributed to expanding healthcare infrastructure, increasing healthcare awareness, and rising investments in the pharmaceutical and medical packaging industries. Furthermore, the growing population and the prevalence of chronic diseases in the region drive the demand for effective medication adherence solutions. Emerging economies within Asia Pacific are also adopting advanced packaging technologies to enhance patient compliance and manage healthcare costs, further fueling the market's growth in the region.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the medication adherence packaging systems market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Cardinal Health
  • Omnicell
  • WestRock
  • Parata Systems
  • McKesson Corporation
  • TCGRx
  • RxSafe
  • Pearson Medical Technologies
  • Talyst, LLC
  • ARxIUM
  • KUKA AG
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In November 2023, Amcor, a worldwide leader in creating and producing responsible packaging solutions, announced the debut of the next generation of medical laminate products.
  • In March 2023, Berry Global announced a child-resistant closing that incorporates cutting-edge digital technology to boost medication adherence.  
  • In July 2022, BD stated that it completed the previously announced acquisition of pharmacy automation startup Parata Systems. Parata Systems offers medication adherence packaging technology and perpetual inventory management, including automation technology and software designed to allow pharmacists to focus more on clinical work and patient contacts.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the medication adherence packaging systems market based on the below-mentioned segments: 

 

Global Medication Adherence Packaging Systems Market, By Packaging Type

  • Blister Packaging
  • Pouch Packaging
  • Strip Packaging
  • Multi-Dose Packaging
  • Others

 

Global Medication Adherence Packaging Systems Market, By Material Type

  • Plastic
  • Paper
  • Aluminum
  • Others

 

Global Medication Adherence Packaging Systems Market, By Application

  • Oral Medications
  • Topical Medications
  • Injectable Medications
  • Others

 

Global Medication Adherence Packaging Systems Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the medication adherence packaging systems market over the forecast period?
    The medication adherence packaging systems market is projected to expand at a CAGR of 8.90% during the forecast period.
  • 2. What is the market size of the medication adherence packaging systems market?
    The Global Medication Adherence Packaging Systems Market Size is Expected to Grow from USD 854.10 Million in 2023 to USD 2003.40 Million by 2033, at a CAGR of 8.90% during the forecast period 2023-2033.
  • 3. Which region holds the largest share of the medication adherence packaging systems market?
    North America is anticipated to hold the largest share of the medication adherence packaging systems market over the predicted timeframe.

Need help to buy this report?

Inquiry Before Buy
We'll use cookies to improve and customize your experience if you continue to browse. Is it OK if we also use cookies to show you personalized ads?
Learn more and manage your cookies
Yes, Accept Cookies