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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Medication Adherence Market: By Product, By Medication and Region Forecast 2019-2030
Medication Adherence Market: By Product, By Medication and Region Forecast 2019-2030
Medication Adherence Market size was valued US$ 2.1 Bn in 2023 and poised to grow at significant CAGR of 13.2% from 2024-2030. Rapid growth in the older population, strong economic growth in emerging economies, an increase in healthcare expenditure, an increase in pharmaceutical usage, and an increase in the prevalence of cardiovascular diseases all contributed to the historic period's growth. Lack of healthcare infrastructure was one of the factors that hampered expansion in the past. Increased prevalence of chronic diseases, increased smartphone adoption, increased demand for personalised healthcare technology, and advancements in medicine will all contribute to future growth. Privacy issues, home healthcare services, non-medical apps and reminders, and expensive pharmaceuticals are all factors that could slow the growth of the medication adherence industry in the future. Some of the key factors fueling the market growth include rising geriatric population together with increasing occurrence of chronic disease, expanding demand for personalized healthcare, rising demand for advanced medication adherence systems and increasing use of smartphone medication adherence apps. However, inadequate healthcare infrastructure in emerging economies and privacy and security concerns in the EHR are restricting the market growth. In addition, rising awareness for medication adherence through patient saving programs provides huge growth opportunity for the market growth.
Study Period
2024-2030Base Year
2023CAGR
13.2%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Over the past half century, rapid advances have been made in the management of many chronic and acute health problems that require medication therapy, including diabetes, hypertension, high cholesterol, tuberculosis (TB), and human immunodeficiency virus (HIV). With introduction of smartphones, their progress, and applications, mobile apps turn out to be one of substantial ways to implement medication adherence. These systems either be individual or integrated into other healthcare applications. Medication adherence can be of use to provider organizations, population health management programs, pharmaceutical companies, clinical trials, or retail pharmacies. Recent improvements in the conceptualization, measurement, and support of medication adherence offer fresh opportunities to make a meaningful influence on adherence-related behavior and outcomes.
North America accounted for larger revenue share in the market with considerable CAGR. The growth in this region is due to huge spending on R&D, various government guidelines giving prominence to adherence and the existence of well-established healthcare infrastructure. Asia Pacific held steady growth during the estimated period owing to rising implementation of advanced systems featured with medication reminder and increasing geriatric population. Japan is the major contributor for the growth of the market in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
13.2% |
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By Product |
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By Medication |
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By Region |
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Medication adherence market size was valued US$ 2.1 Bn in 2023 and poised to grow at significant CAGR of 13.2% from 2024-2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1.Executive Summary |
| 2.Global Medication Adherence Market Introduction |
| 2.1.Global Medication Adherence Market - Taxonomy |
| 2.2.Global Medication Adherence Market - Definitions |
| 2.2.1.Product |
| 2.2.2.Medication |
| 2.2.3.Region |
| 3.Global Medication Adherence Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Medication Adherence Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Medication Adherence Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Software Centric Product |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Mobile Based Apps |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Hardware Centric Product |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Device |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Packaging |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Medication Adherence Market By Medication, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Cardiovascular |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. CNS |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Diabetes |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Oncology |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Gastrointestinal |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Rheumatology |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7.Global Medication Adherence Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Medication Adherence Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Software Centric Product |
| 8.1.2.Mobile Based Apps |
| 8.1.3.Others |
| 8.1.4.Hardware Centric Product |
| 8.1.5.Device |
| 8.1.6.Packaging |
| 8.2. Medication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Cardiovascular |
| 8.2.2.CNS |
| 8.2.3.Diabetes |
| 8.2.4.Oncology |
| 8.2.5.Gastrointestinal |
| 8.2.6.Rheumatology |
| 8.2.7.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Medication Adherence Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Software Centric Product |
| 9.1.2.Mobile Based Apps |
| 9.1.3.Others |
| 9.1.4.Hardware Centric Product |
| 9.1.5.Device |
| 9.1.6.Packaging |
| 9.2. Medication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Cardiovascular |
| 9.2.2.CNS |
| 9.2.3.Diabetes |
| 9.2.4.Oncology |
| 9.2.5.Gastrointestinal |
| 9.2.6.Rheumatology |
| 9.2.7.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Medication Adherence Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Software Centric Product |
| 10.1.2.Mobile Based Apps |
| 10.1.3.Others |
| 10.1.4.Hardware Centric Product |
| 10.1.5.Device |
| 10.1.6.Packaging |
| 10.2. Medication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Cardiovascular |
| 10.2.2.CNS |
| 10.2.3.Diabetes |
| 10.2.4.Oncology |
| 10.2.5.Gastrointestinal |
| 10.2.6.Rheumatology |
| 10.2.7.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Medication Adherence Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Software Centric Product |
| 11.1.2.Mobile Based Apps |
| 11.1.3.Others |
| 11.1.4.Hardware Centric Product |
| 11.1.5.Device |
| 11.1.6.Packaging |
| 11.2. Medication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Cardiovascular |
| 11.2.2.CNS |
| 11.2.3.Diabetes |
| 11.2.4.Oncology |
| 11.2.5.Gastrointestinal |
| 11.2.6.Rheumatology |
| 11.2.7.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Medication Adherence Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Software Centric Product |
| 12.1.2.Mobile Based Apps |
| 12.1.3.Others |
| 12.1.4.Hardware Centric Product |
| 12.1.5.Device |
| 12.1.6.Packaging |
| 12.2. Medication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Cardiovascular |
| 12.2.2.CNS |
| 12.2.3.Diabetes |
| 12.2.4.Oncology |
| 12.2.5.Gastrointestinal |
| 12.2.6.Rheumatology |
| 12.2.7.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Akzo Nobel N.V. |
| 13.2.2.Alamanda Polymers Inc. |
| 13.2.3.Arkema France S.A |
| 13.2.4.Ashland Global Holding Incorporation |
| 13.2.5.Basf Se |
| 13.2.6.Bastech, Llc |
| 13.2.7.Beijing Hengju Chemical Group Corporation |
| 13.2.8.China National Petroleum Corporation |
| 13.2.9.Colorcon Inc. |
| 13.2.10.Cp Kelco |
| 13.2.11.Omnicell Inc. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.