Press release
Medication Adherence Market Experience Some Large Growth In Near Future | McKesson Corporation, Health Beacon, eLucid mHealth, Tinylogics, Johnson & Johnson Services
The global Medication Adherence market was worth USD 2,668.1 million in 2021, and it is further projected to reach USD 5,562.3 million by 2028, exhibiting a CAGR of 11.1% during 2022-2028 (forecast period). This can be attributed to the rising awareness about Medication Adherence due to growing programs and initiatives organized to educate people about the significance of medical adherence. Moreover, factors like the aging population, increment in healthcare expenditure and pharmaceutical usage, and the surge in the prevalence of cardiovascular diseases are likely to propel the market growth over the forecast period.
Download Free Sample of This Strategic Report: https://reportocean.com/industry-verticals/sample-request?report_id=MR534
Rising Awareness about Medication Adherence
The rising awareness about medication adherence, on account of the patient saving programs being initiated, is a key tendency being witnessed in the medication adherence market. Medication adherence programs aim to advance patient compliance and assist pharmacists in recognizing the patients who are missing out on the timely intake of their medicines. For instance- ESPACOMP has announced that it will organize its 26th annual conference from 17th to 19th November 2022 in Berlin (Germany). The theme of this year's conference will be: "Medication Adherence and Patient Safety." Governments and non-government organizations sponsor conferences and events across the year to tutor patients and caregivers regarding medication adherence. According to World Health Organization (WHO), adherence to long-term pharmacotherapies is only 50%. Medication non-adherence has a crucial negative impact on health outcomes. The rising trend of an accelerated aging society in the 21st century has further augmented the demand for Medication Adherence, thereby driving the market growth over the forecast period.
The Cardiovascular Segment Accounted for the Largest Share in terms of application
The global Medication Adherence market has been segmented into cardiovascular, central nervous systems, diabetes, oncology, gastrointestinal, musculoskeletal, and others. Cardiovascular disorders account for the largest market share of the Medication Adherence market in 2021, owing to the augmented occurrence of cardiovascular ailments as a result of the population's unhealthy lifestyle. Moreover, this category is also predicted to expand at the fastest rate in the medication adherence market over the forecast period. Chronic diseases and illnesses such as heart failure and myocardial infarction require adherence to long-term therapy in order to reduce morbidity and mortality. Consequently, the high frequency of medication non-adherence among cardiac patients has resulted in rising demand for medical adherence devices from this segment, thus propelling the market growth of the segment.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=MR534
Impact Of COVID-19 On the Global Medication Adherence Market
The emergence of the COVID-19 pandemic has significantly impacted the global patient engagement solutions market. The medical adherence strategy was helpful during the epidemic since patients required prompt treatment. Due to medicine shortages in countries worldwide, there is a significant growth potential for COVID-19 drug management. The resulting conditions have presented huge opportunities for the manufacturers of COVID-19 management drugs. Thus, the pharmaceutical and biotechnology industries are likely to experience momentous growth in the forthcoming years. This, in turn, is likely to have a substantial impact on the global medical adherence market.
North America Dominated the Global Medication Adherence Market in 2021
The North American region dominates the global medication adherence business mostly due to the extensive research and development (R&D) expenditures, expanding healthcare costs, as well as an increase in the prevalence of chronic diseases. Centers for Disease Control and Prevention (CDC) stated that chronic illnesses constitute seven out of the ten leading causes of mortality in the United States in 2019. The region is experiencing an increment in the aging population, which is also contributing positively to the market growth in the area. Northern America is expected to witness a considerable increase in its elderly population by 2050, as per the 2019 UN Department of Economic and Social Affairs (UNDESA) study on the world population, which will boost the demand for medication adherence. Moreover, the Asia-Pacific region is expected to grow with a considerable growth rate over the forecast period. The medical adherence devices market in the region is observing a gigantic surge due to the altering tendency of the customers and the rising geriatric populace leading to rising cases of chronic illness in this region.
Competitive Landscape
The global Medication Adherence market is characterized by many local, regional, and global vendors. The key players operating in the global Medication Adherence market are HealthEra, McKesson Corporation, Health Beacon, eLucid mHealth, Tinylogics, Johnson & Johnson Services Inc, Renesas, Qualcomm Incorporated, Adherence Solutions, Allscripts Healthcare Solutions, SMRxT Inc, Vaica, Health Window, Seamless MD, Merck KGaA, Datos Ltd, AstraZeneca, Helium Health, Cardinal Health, Catalia Health, and other prominent players. The players maintain their dominance in the market by investing in research and development activities, integrating the latest and advanced technologies into their products, and launching improved products for the customers.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=MR534
Market Segment:
By Type (Software Centric And Hardware Centric)
By Medication (Cardiovascular, Central Nervous System, Diabetes, Oncology, Gastrointestinal, Musculoskeletal, Others)
By Region (North America, Europe, The Asia Pacific, Latin America, The Middle East And Africa)
Dont miss the business opportunity of the global Medication Adherence market. Consult our analysts to gain crucial insights and facilitate your business growth.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the global Medication Adherence market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global Medication Adherence market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.
Table of Content:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Key Reasons to Buy this Report:
Access to date data compiled by means of our researchers. These grant you with historic and forecast data, which is analyzed to inform you why your market is set to change
This allows you to expect market adjustments to continue to be in advance of your competitors
You will be in a position to replica information from the Excel spreadsheet straight into your advertising plans, commercial enterprise presentations, or different strategic documents
The concise analysis, clear graph, and desk structure will allow you to pinpoint the records you require quickly
Provision of market cost (USD Billion) records for every phase and sub-segment
Indicates the area and section that is predicted to witness the quickest increase as nicely as to dominate the market
Analysis through geography highlighting the consumption of the product/service in the area as nicely as indicating the elements that are affecting the market inside every region
Competitive panorama which contains the market rating of the predominant players, alongside with new service/product launches, partnerships, commercial enterprise expansions, and acquisitions in the previous 5 years of organizations profiled
Extensive business enterprise profiles comprising of business enterprise overview, employer insights, product benchmarking, and SWOT evaluation for the primary market players
The cutting-edge as nicely as the future market outlook of the enterprise regarding current traits which contain boom possibilities and drivers as properly as challenges and restraints of each rising as nicely as developed regions
Includes in-depth evaluation of the market from quite a number views via Porter's 5 forces analysis
Provides perception into the market via Value Chain
Market dynamics scenario, alongside with boom possibilities of the market in the years to come, 6-month post-sales analyst help
Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=MR534
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medication Adherence Market Experience Some Large Growth In Near Future | McKesson Corporation, Health Beacon, eLucid mHealth, Tinylogics, Johnson & Johnson Services here
News-ID: 2933395 • Views: …
More Releases from Report Ocean
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan.
Internet Advertising are set…
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders…
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030.
This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,…
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,…
More Releases for Medication
Medication Error Reporting Market Strengthening Systems: How Medication Error Re …
Medication Error Reporting Market Assessment worth $ 1.32 Billion by 2030 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Medication Error Reporting Market- by Error Type (Knowledge-Based Error, Rule-Based Error, Action Based Error, and Memory Based Error), Occurrence (Hospitals, Community Pharmacies, and Multinational Retail Groups), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
Get a free sample…
Influenza Medication Market - Fight off the influenza virus with effective and r …
Newark, New Castle, USA: The "Influenza Medication Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Influenza Medication Market: https://www.growthplusreports.com/report/influenza-medication-market/7859
This latest report researches the industry structure, sales, revenue,…
Administration of medication & enteral feeding
Introduction
An adequate way to deliver nutrients directly to the gastrointestinal tract is through enteral feeding. This definition applies to orogastric, nasogastric, and gastrostomy tube feeding in this recommendation. For a variety of causes, along with the following, a wide range of kids may need enteral feeding for a short or long time:
Not being able to consume enough nutrientsPoor swallowing or suckingStructural issues with the face or oesophagusAnorexia brought on by…
Medication Management System Market - Increasing Cases of Medication Errors and …
The Medication Management System market report presents the global Medication Management System sales and revenue by companies, regions, type and application and forecast to 2028. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.
Medication management system is designed to help doctors and other healthcare providers to make better-quality decisions about…
Pain Relief Medication Market
“Pain Relief Medication Market” study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
This Report encloses comprehensive analysis on the market and are assessed through volume and value data validated on three approaches including top companies revenues. It concludes with precise and authentic…
Get Anxiety Relief without Medication
A lot of people look for anti-depressants for anxiety relief but these anti-depressants are often a cause of the manic symptoms, which is a result of overproduction of neurotransmitters. Panic attacks can happen to anybody during any phase of time and often it comes crashing against your body and mind. The syndrome has a number of symptoms like fast and hard heart beating, a sense of losing control, shortness of…
