Adherence Packaging Market growth can be attributed to the growing need to minimize medication wastage, high rate of medication nonadherence, and technological advancements such as remote dispensing systems. On the other hand, high installation and maintenance costs of automated systems are expected to restrain the overall market growth during the forecast period.
The global adherence packaging market is projected to reach USD 917.7 Million by 2022 from a base USD 646.0 Million in 2016, at a CAGR of 6.2%.
By type, the global adherence packaging market is segmented into blister cards and pouches/strips. By material, the global adherence packaging market is segmented into plastic film, paper & paperboard, and aluminum. In 2016, the blister cards segment dominated the adherence packaging market. Plastic film segment dominated the adherence packaging material market. Transparency, malleability, lightweight, and cost-effectiveness of plastic films are few of the factors driving the growth of this segment.
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The major end users of adherence packaging market are retail pharmacies, long-term care facilities, hospitals, and mail-order pharmacies. In 2016, the retail pharmacies segment accounted for the largest share of the global adherence packaging market.
On the basis of packaging systems, the market is categorized into multi-dose packaging systems and unit-dose packaging systems. The multi-dose packaging systems segment is further segmented into blister cards packaging systems and pouches/strips packaging systems. Similarly, the unit-dose packaging segment is further segmented into blister cards packaging systems and pouches/strips packaging systems. In 2016, the multi-dose packaging systems segment accounted for the largest share of the adherence packaging market. The large share and high growth of this segment can primarily be attributed to the benefits of multi-dose packaging, such as assisting patients with complicated prescription regimens, ability to enhance patient safety, and elimination of medication waste.
The key players in the adherence packaging market are Omnicell, Inc. (U.S.), McKesson Corporation (U.S.) , Becton, Dickinson and Company (U.S.), Parata Systems LLC (U.S), KUKA AG (Germany), TCGRx (U.S.), RxSafe, LLC (U.S.), ARxIUM Inc. (U.S.), and Talyst Systems LLC. (U.S.).
Cardinal Health, Inc. dominated the global adherence packaging market. 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. 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.
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North America dominated the global adherence packaging market. Rising prevalence of chronic diseases, increase in healthcare expenditure, rapid growth in the aging population, growing pharmaceuticals market, high rate of medication nonadherence, and an increase in funding by government agencies are driving the growth of the adherence packaging market in North America.
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