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Global Medication Adherence Market Growth Prospects, Future Industry Landscape 2031 | Koninklijke Philips N.V., Cardinal Health Inc., Omnicell Inc., McKesson Corporation, Johnson & Johnson Services
Medication Adherence Market
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The global medication adherence market report by the business research company identifies increasing requirement for medication adherence solutions to be a major growth driver for the medication adherence market. 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. Non-adherence to medication increases cost urging the patients to use medication adherence to treat the problem effectively, thereby generating higher demand for medication adherence solutions.
The global medication adherence market 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The medication adherence market is expected to reach $4847.6 million in 2026 at a CAGR of 11.1%.
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The regions covered in the medication adherence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the medication adherence market are 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 is segmented -
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
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The Medication Adherence Market Report Contents Include
1. Executive Summary
2. Medication Adherence Market Characteristics
3. Medication Adherence Market Trends And Strategies
4. Medication Adherence Market - Macro Economic Scenario
5. Medication Adherence Market Size And Growth
....
26. Africa Medication Adherence Market
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
This 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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