Medication Adherence Market Report 2023: Size, Growth, Share, Trends, Competitive Landscape, Forecast To 2032
As per the medication adherence market report by The Business Research Company, Medication adherence are the systems that helps to 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 global medication adherence market size will grow from $3.18 billion in 2022 to $3.58 billion in 2023 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global medication adherence market size is expected to grow to $5.36 billion in 2027 at a CAGR of 10.6%.
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Major 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 medication adherence market is segmented -
By Type: Hardware Centric, Software Centric
By Medication: Cardiovascular, Central Nervous System, Diabetes, Oncology, Respiratory, Gastrointestinal, Rheumatology, Other Medications
By Application: Hospital, Retail Pharmacies, Long-Term Care Facilities, Mail-Order Pharmacies
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the medication adherence market.
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Medication adherence are the systems that helps to 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 Table Of Content For The Medication adherence market 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
The "Global Medication adherence market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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