Medication Adherence Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Medication Adherence Market: By Product (Software Centric Product and Hardware Centric Product), By Medication (Cardiovascular, CNS, Diabetes, Oncology, Gastrointestinal, Rheumatology and Others) and Geography

 

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Report

Description

The global medication adherence market was valued US$ 2.1 Bn in 2020 and poised to grow at significant CAGR of 13.2% over 2021-2027. 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.

Medication Adherence Market

MARKET SUMMARY
-
13.2%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 13.2%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Medication Adherence Market

  • The report on global medication adherence market gives historical, current and future market sizes (US$ Bn) based on by Product, by Medication and region.
  • This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Medication Adherence Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Market Key Players
  • Akzo Nobel N.V.
  • Alamanda Polymers Inc.
  • Arkema France S.A
  • Ashland Global Holding Incorporation
  • Basf Se
  • Bastech, Llc
  • Colorcon Inc.
  • Cp Kelco
  • Omnicell Inc.
Growth

Medication Adherence Market

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 Got Significant Share

Medication Adherence Market

North America accounted for larger revenue share in global medication adherence market with considerable CAGR. The growth in this region is due to huge spending’s 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global medication adherence market expanding at significant CAGR over 2021 to 2027 due to rising demand for advanced medication adherence systems
  • Based on product, software centric product segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global medication adherence market

Key

Key Features of the Report

Medication Adherence Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Medication Adherence Market Introduction
    • Global Medication Adherence Market – Taxonomy
    • Global Medication Adherence Market –Definitions
      • Product
      • Medication
  1. Global Medication Adherence Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Medication Adherence Market Dynamic Factors – Impact Analysis
    • Global Medication Adherence Market – Competition Landscape
  2. Global Medication Adherence Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Medication Adherence Market, By Product, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Software Centric Product
      • Mobile Based Apps
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Others
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Hardware Centric Product
        • Device
          • Automated dispensing systems
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Smart pill bottles
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Electronic trays
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Other devices
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Packaging
            • Unit dose
              • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
              • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
              • Market Opportunity Analysis
            • Multi dose
              • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
              • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
              • Market Opportunity Analysis
  1. Global Medication Adherence Market Forecast, By Medication, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Cardiovascular
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • CNS
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Diabetes
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Oncology
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Gastrointestinal
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rheumatology
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Medication Adherence Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Medication Adherence Market – Opportunity Analysis Index, By Product, Medication and Region, 2019 – 2025
  2. North America Medication Adherence Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Software Centric Product
        • Mobile Based Apps
        • Others
      • Hardware Centric Product
        • Device
          • Automated dispensing systems
          • Smart pill bottles
          • Electronic trays
          • Other devices
        • Packaging
          • Unit dose
          • Multi dose
        • Medication Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
          • Cardiovascular
          • CNS
          • Diabetes
          • Oncology
          • Gastrointestinal
          • Rheumatology
          • Others
        • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • US
          • Canada
        • North America Medication Adherence Market – Opportunity Analysis Index, By Product, Medication and Country, 2019 – 2025
        • North America Medication Adherence Market Dynamics – Trends
  1. Europe Medication Adherence Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Software Centric Product
        • Mobile Based Apps
        • Others
      • Hardware Centric Product
        • Device
          • Automated dispensing systems
          • Smart pill bottles
          • Electronic trays
          • Other devices
        • Packaging
          • Unit dose
          • Multi dose
        • Medication Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
          • Cardiovascular
          • CNS
          • Diabetes
          • Oncology
          • Gastrointestinal
          • Rheumatology
          • Others
        • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Germany
          • UK
          • France
          • Spain
          • Italy
          • Russia
          • Poland
          • Rest of Europe
        • Europe Medication Adherence Market – Opportunity Analysis Index, By Product, Medication and Country, 2019 – 2025
        • Europe Medication Adherence Market Dynamics – Trends
  1. Asia-Pacific Medication Adherence Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Software Centric Product
        • Mobile Based Apps
        • Others
      • Hardware Centric Product
        • Device
          • Automated dispensing systems
          • Smart pill bottles
          • Electronic trays
          • Other devices
        • Packaging
          • Unit dose
          • Multi dose
        • Medication Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
          • Cardiovascular
          • CNS
          • Diabetes
          • Oncology
          • Gastrointestinal
          • Rheumatology
          • Others
        • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Japan
          • China
          • India
          • ASEAN
          • Australia & New Zealand
          • Rest of Asia-Pacific
        • Asia-Pacific Medication Adherence Market – Opportunity Analysis Index, By Product, Medication and Country, 2019 – 2025
        • Asia-Pacific Medication Adherence Market Dynamics – Trends
  1. Latin America Medication Adherence Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Software Centric Product
        • Mobile Based Apps
        • Others
      • Hardware Centric Product
        • Device
          • Automated dispensing systems
          • Smart pill bottles
          • Electronic trays
          • Other devices
        • Packaging
          • Unit dose
          • Multi dose
        • Medication Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
          • Cardiovascular
          • CNS
          • Diabetes
          • Oncology
          • Gastrointestinal
          • Rheumatology
          • Others
        • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Brazil
          • Mexico
          • Argentina
          • Rest of Latin America
        • Latin America Medication Adherence Market – Opportunity Analysis Index, By Product, Medication and Country, 2019 – 2025
        • Latin America Medication Adherence Market Dynamics – Trends
  1. Middle East and Africa Medication Adherence Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Product Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Software Centric Product
        • Mobile Based Apps
        • Others
      • Hardware Centric Product
        • Device
          • Automated dispensing systems
          • Smart pill bottles
          • Electronic trays
          • Other devices
        • Packaging
          • Unit dose
          • Multi dose
        • Medication Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
          • Cardiovascular
          • CNS
          • Diabetes
          • Oncology
          • Gastrointestinal
          • Rheumatology
          • Others
        • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
          • Gulf Cooperation Council (GCC) Countries
          • Israel
          • South Africa
          • Rest of MEA
        • MEA Medication Adherence Market – Opportunity Analysis Index, By Product, Medication and Country, 2019 – 2025
        • MEA Medication Adherence Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Akzo Nobel N.V.
      • Alamanda Polymers Inc.
      • Arkema France S.A
      • Ashland Global Holding Incorporation
      • Basf Se
      • Bastech, Llc
      • Beijing Hengju Chemical Group Corporation
      • China National Petroleum Corporation
      • Colorcon Inc.
      • Cp Kelco
      • Omnicell Inc.
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Akzo Nobel N.V.
  • Alamanda Polymers Inc.
  • Arkema France S.A
  • Ashland Global Holding Incorporation
  • Basf Se
  • Bastech, Llc
  • Beijing Hengju Chemical Group Corporation
  • China National Petroleum Corporation
  • Colorcon Inc.
  • Cp Kelco
  • Omnicell Inc.

Description

The global medication adherence market was valued US$ 2.1 Bn in 2020 and poised to grow at significant CAGR of 13.2% over 2021-2027. 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.

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