Press release
Global Medication Adherence Market Value Expected To Reach $4847.6 Billion By 2026 At A CAGR Of 11.1%
Medication Adherence Market
The regions covered in the medication adherence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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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. Medication adherence hardware and software help medical personnel with the patient’s intake to prescribed medication to reduce cases of worsening disease and deaths and decrease healthcare costs. The market consists of revenue generated by the companies manufacturing the medical adherence hardware systems and software solutions by the sales of these products.
Key competitors in the Medication Adherence market include Koninklijke Philips N.V., Cardinal Health Inc., Omnicell Inc., McKesson Corporation, Johnson & Johnson Services, Inc., Proteus Digital Health, Inc., AdhereTech Inc., Qualcomm Incorporated, Adherence Solutions LLC and SMRxT Inc.
The global medication adherence market size is expected to grow from $2828.08 million in 2021 to $3181.58 million in 2022 at a compound annual growth rate (CAGR) of 12.5%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The medication adherence market is expected to reach $4847.6 million in 2026 at a CAGR of 11.1%.
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TBRC’s report segments the global medication adherence market:
1) By Type: Hardware Centric, Software Centric
2) By Medication: Cardiovascular, Central Nervous System, Diabetes, Oncology, Respiratory, Gastrointestinal, Rheumatology, Others
3) By Application: Hospital, Retail Pharmacies, Long-Term Care Facilities, Mail-Order Pharmacies
Read further on the medication adherence market here:
https://www.thebusinessresearchcompany.com/report/medication-adherence-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Medication Adherence Market Characteristics
3. Medication Adherence Market Trends And Strategies
4. Impact Of COVID-19 On Medication Adherence Market
5. Medication Adherence Market Size And Growth
.....
27. Medication Adherence Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medication Adherence Market
29. Medication Adherence Market Future Outlook And Potential Analysis
30. Appendix
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