The adherence packaging market is consolidated in nature with the top five players commanding a major share of the market. In 2016, Cardinal Health, Inc. (U.S.), Omnicell, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Talyst, LLC (U.S.), and Parata Systems LLC (U.S.) dominated the adherence packaging market and accounted for approximately 55 to 60% share of the global adherence packaging market.
The global adherence packaging market is projected to reach USD 917.7 Million by 2022 from an estimated USD 679.1 Million in 2017, at a CAGR of 6.2%.
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Target Audience:
- Healthcare institutions (hospitals, medical schools, and outpatient clinics)
- Pharmacy chains
- Long-term care facilities
- Corporate entities
- Market research and consulting firms
- Venture capitalists and investors
Cardinal Health, Inc. dominated the global adherence packaging market in 2016. The company offers Dispill multi-dose Packaging, which is a safer and easier way to help patients adhere to their medication schedules. The company has a strong presence in the U.S. and earns the majority of its revenue from sales in the U.S. The company is focusing on developing products.
For instance, in 2014, Cardinal Health launched medication therapy management solution to make it easier for retail pharmacies to improve patient medication adherence. Cardinal Health also focuses on acquisitions to strengthen its position in the market. For instance, in 2015 Cardinal health acquired Medication Therapy Management. This acquisition helped the company to help payers, retail pharmacies, hospitals, and IDNs deliver medication therapy management (MTM) services to eligible patients.
Objectives of the Study
- To define, describe, and forecast the adherence packaging market on the basis of systems type, packaging type & material, end user, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of the market segments with respect to five main regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa
- To profile key players and comprehensively analyze their market shares and core competencies in the global adherence packaging market
- To track and analyze competitive developments such as partnerships, agreements, & collaborations; mergers & acquisitions; product developments; and geographical expansions in the global adherence packaging market
Europe is the fastest-growing market for adherence packaging market. The growth of the adherence packaging market across the European region is primarily driven by the availability of significant government funding for R&D, presence of leading adherence packaging companies, increasing prevalence of cardiovascular diseases, and growth in aging population drives the demand for effective solutions.
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