PUNE, India, July 31, 2017 /PRNewswire/ --
According to a new market research report "Adherence Packaging Market, By System (Unit-dose, Multi-dose) Type (Blister Card, Pouch) Material (Plastic, Paper & Paperboard, Aluminum) End User (Retail, Long-term care facility, Hospital, Mail-order pharmacies) - Global Forecast to 2022" published by MarketsandMarkets™, the market is expected to grow at a CAGR of 6.2% between 2017 and 2022 to reach USD 917.7 million by 2022.
Early buyers will receive 10% customization on this report
The growth in this market is mainly attributed to factors such as high rate of medication nonadherence, growing need to minimize medication wastage, and technological advancements such as remote dispensing systems.
By systems type, the multi-dose packaging systems segment accounted for the largest share of the market in 2016
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.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=211268724
By packaging type & material, the blister cards segment & plastic film segment is expected to grow at the highest CAGR
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.
By end users, the retail pharmacies segment held the largest market share in 2016
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.
Speak to Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=211268724
North America dominated the market in 2016
In 2016, 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.
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.).
Browse Related Reports
Pharmaceutical Packaging Equipment Market by Package (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labeling & Serialization), Product (Tablet, Powder, Cream, Syrup, Aseptic Liquid, Aerosol) - Global Forecast to 2022
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Rohan MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Tel: +1-888-600-6441 Email: [email protected]
Visit Our Blog @ http://mnmblog.org/market-research/healthcare/medical-devices
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Subscribe to our Free Newsletters!
Yellow fever is a hemorrhagic fever that is transmitted by infected mosquitoes and it can lead to ...
Routes of drug administration play a major role in a medical treatment. Selecting a right route of ...
Spinal anesthesia and epidural anesthesia are types of regional anesthesia in which when a drug is ...View All