Press release
Exploring the Medication Adherence Market: Insights on Market Size, Increasing CAGR, Major Players, and Emerging Trends
Medication Adherence Market Share
Emerging Opportunities and Growth in the Global Medication Adherence Market
What Is The Projected Market Size of the Global Medication Adherence Market And Its Growth Rate?
The medication adherence market has witnessed a rapid expansion in the past, and it is predicted to further grow:
• From $3.86 billion in 2024 to $4.29 billion in 2025 at a CAGR of 11.1%.
• The projected market size will be $6.73 billion in 2029 at a CAGR of 11.9%.
The upward trend can be attributed to increasing chronic diseases, adoption of smartphones, demand for personalized healthcare technologies, and advancements in medicine.
What Is Driving The Growth in The Medication Adherence Market?
The medication adherence market is experiencing a surge due to the escalating requirement for overcoming poor adherence to prescribed medication in the healthcare industry. For instance, it was reported by the International Longevity Centre that medication adherence for chronic illnesses is around 50% in high-income nations and is lower in low-income countries. The non-adherence costs approximately $100 billion to $290 billion in the United States, €125 billion ($137.5 billion) in Europe, and AU$7 billion ($4.9 billion) in Australia, thus causing higher demand for effective medication adherence solutions.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=4012&type=smp
Who Are the Key Players Driving Medication Adherence Market Growth?
Major companies operating in the medication adherence market include:
• Omnicell Inc.
• Koninklijke Philips N.V.
• Cardinal Health
• McKesson Corporation
• Allscripts Healthcare Solutions
• Inc.
• DrFirst.com, Inc.
• AdhereTech Inc
• MedMinder
• Caredose
• PHC Holdings Corporation
• Kakehashi Inc.
• MedAdvisor International Pty Ltd.
• InHandPlus Inc.
What Are The Key Trends in The Medication Adherence Market?
Key trends in the forecast period include:
• Cloud-based medication adherence
• Gamification modes especially for children
• Development of smart pill containers with unique features
• Incorporation of innovative features in medical adherence apps
• Development of wearable and ingestible biosensors
• Emphasis on partnerships and collaborations
• Focus on the development of innovative products.
What Are The Segments of the Global Medication Adherence Market?
The medication adherence market is segmented by:
1. Type: Hardware Centric, Software Centric
2. Medication: Cardiovascular, Central Nervous System, Diabetes, Oncology, Respiratory, Gastrointestinal, Rheumatology, Other Medications
3. Application: Hospital, Retail Pharmacies, Long-Term Care Facilities, Mail-Order Pharmacies
Which Region Leads The Medication Adherence Market?
North America was the largest region in the medication adherence market in 2024, followed by Western Europe. The medication adherence market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/medication-adherence-global-market-report
What Is Covered In The Medication Adherence Market Global Market Report?
- Market Size Analysis: Analyze the Medication Adherence Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Medication Adherence Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Medication Adherence Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Medication Adherence Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/customise?id=4012&type=smp
Learn More About The Business Research Company
Learn More About the Business Research Company. With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Exploring the Medication Adherence Market: Insights on Market Size, Increasing CAGR, Major Players, and Emerging Trends here
News-ID: 3842346 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
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…
