Press release
Medication Adherence Market (2020 – 2023) Business Overview, Industry Insights, Upcoming Trends And Top Key Players
The Business Research Company
The global medication adherence market is expected to decline from $2.53 billion in 2019 to $2.48 billion in 2020 at a compound annual growth rate (CAGR) of -1.87%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The market is then expected to recover and reach $3.58 billion in 2023 at a CAGR of 12.98%.
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The medication adherence market consists of sales of medication adherence hardware systems and software applications. Medication adherence systems check if a person follows medication recommended by a healthcare provider, whether patients take their medications as prescribed, as well as whether they continue to take a prescribed medication.
The increasing requirement for medication adherence solutions to overcome poor adherence to prescribed medication in the healthcare industry is projected to boost the demand for medication adherence solutions. According to a study published by The Journal of Allergy and Clinical Immunology: In Practice, there has been an increase in controller inhaler use between January and March 2020 by 14.5% where, Propeller Health, a digital platform that tracks the inhaler consumption was used to send alerts to the patients when it is missed.
Medication Adherence Market Segmentation:
By Product
1. Hardware Centric,
2. Software Centric
By Medication
1. Cardiovascular,
2. Central Nervous System,
3. Diabetes,
4. Oncology,
5. Respiratory,
6. Gastrointestinal,
7. Rheumatology,
8. Others.
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Few Points From Table Of Content
1. Executive Summary
2. Medication Adherence Market Characteristics
3. Medication Adherence Market Size And Growth
4. Medication Adherence Market Segmentation
5. Medication Adherence Market Regional And Country Analysis
……
25. Medication Adherence Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Medication Adherence Market
27. Medication Adherence Market Trends And Strategies
28. Medication Adherence Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the medication adherence market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the medication adherence market are AdhereTech Inc., Qualcomm Incorporated, Adherence Solutions LLC, SMRxT Inc., AARDEX Group, Information Mediary, MedMinder Systems, Tinylogics, Vaica, DrFirst.com Inc.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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