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.