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Medication Adherence Market 2021 Analysis by Global Manufacturers - Omnicell Inc.; Koninklijke Philips N.V.; Cardinal Health; McKesson Corporation
Global Medication Adherence Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Medication Adherence data that enhances the understanding, scope, and application of this report.The study includes market share analysis and profiles of players such as Omnicell Inc.; Koninklijke Philips N.V.; Cardinal Health; McKesson Corporation; Allscripts Healthcare Solutions, Inc.; CareFusion (Becton Dickenson); Proteus Digital Health; DrFirst.com, Inc.; AdhereTech Inc; MedMinder.
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https://www.marketinsightsreports.com/reports/09223281876/medication-adherence-global-market-opportunities-and-strategies-to-2030-covid-19-impact-and-recovery-including-1-by-type-hardware-centric-software-centric-2-by-medication-cardiovascular-central-nervous-system-diabetes-oncology-gastrointestinal-musculoskeletal-orthopedic-others-covering-omnicell-inc-koninklijke-philips-n-v-cardinal-health-mckesson-corporation-allscripts-healthcare-solutions-inc-carefusion-becton-dickenson-proteus-digital-health-drfirst-com-inc-adheretech-inc-medminder/inquiry?Mode=A28
The global medication adherence market reached a value of nearly $2,438.2 million in 2020, having increased at a compound annual growth rate (CAGR) of 10.0% since 2015. The market is expected to decline from $2,529.6 million in 2019 to $2,438.2 million in 2020 at a rate of -3.6%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 11.4% from 2021 and reach $4,181.3 million in 2025. It is expected reach $6,497.0 million in 2030, at a CAGR of 9.2%.
Market Overview:
Growth in the historic period resulted from rapid growth in elderly population, strong economic growth in emerging markets, rise in healthcare expenditure, rise in usage of pharmaceuticals, and rising prevalence of cardiovascular diseases. Factors that negatively affected growth in the historic period were lack of healthcare infrastructure, and lockdown and social distancing norms owing to the COVID-19 outbreak. Going forward, increasing prevalence of chronic diseases, increasing adoption of smartphones, increasing demand for personalized healthcare technologies, and advances in medicine will drive the growth. Factors that could hinder the growth of the medication adherence market in the future include privacy concerns, home healthcare services, non-medical apps and reminders and costly medications.
The medication adherence market is segmented by type into hardware centric, and software centric. The software centric market was the largest segment of the medication adherence market segmented by type, accounting for 59.6% of the total in 2020. Going forward, the hardware centric segment is expected to be the fastest growing segment in the medication adherence market, at a CAGR of 14.4% during 2020-2025.
Market Scope:
1) By Type: Hardware Centric; Software Centric
2) By Medication: Cardiovascular; Central Nervous System; Diabetes; Oncology; Gastrointestinal; Musculoskeletal; Orthopedic; Others
Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/09223281876/medication-adherence-global-market-opportunities-and-strategies-to-2030-covid-19-impact-and-recovery-including-1-by-type-hardware-centric-software-centric-2-by-medication-cardiovascular-central-nervous-system-diabetes-oncology-gastrointestinal-musculoskeletal-orthopedic-others-covering-omnicell-inc-koninklijke-philips-n-v-cardinal-health-mckesson-corporation-allscripts-healthcare-solutions-inc-carefusion-becton-dickenson-proteus-digital-health-drfirst-com-inc-adheretech-inc-medminder?Mode=A28
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.
Regional Analysis:
Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil
North America was the largest region in the global medication adherence market, accounting for 39.9% of the total in 2020. It was followed by Asia Pacific, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the medication adherence market will be Asia Pacific, and Western Europe where growth will be at CAGRs of 12.6% and 10.0% respectively. These will be followed by the Middle East, and South America, where the markets are expected to grow at CAGRs of 14.0% and 15.5% respectively.
The study objectives of this report are:
To study and analyze the global Medication Adherence size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Medication Adherence by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Medication Adherence manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Medication Adherence with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Medication Adherence submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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