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Medication Adherence Packaging Market Research Report by Geographical Analysis and Forecast to 2027
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Initiatives by the governmental agencies across all regions for packaging types that improve the medicine intake regime of patients is one of the prime factor driving the growth of the global medication adherence packaging market. There has been increasing demand for packaging types that allows the patients keep a tab on their medicine intake, further fuelling the growth of the medication adherence packaging market. Financial implications of the medication adherence packaging as compared to the conventional packaging types is a restraining factor as not only the patients, even the manufacturers are reluctant to switch to the medication adherence packaging. Moreover, macroeconomic conditions in certain regions do not allow a steady growth for the medication adherence packaging market. Introduction of smart features in the medication adherence packaging types is a key trend prevailing in the global medication adherence packaging market. Manufacturers have introduced calendar blisters and smart caps to improve the medical non adherence issues in patients. Use of bio based raw materials for the production of medication adherence packaging is expected to create ample opportunities for the global medication adherence packaging market. Customization for brand differentiation is also expected to create growth opportunities for the global medication adherence packaging market.
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On the basis of geography, the global medication adherence packaging market is segmented into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. North America is currently leading the global medication adherence packaging market due to the high expenditure on healthcare by the government in the region. In Europe, especially in Western Europe are marked by the highly advanced pharmaceutical market, thus the medication adherence packaging market is anticipated to experience steady growth over the forecast period. Asia Pacific medication adherence packaging market is expected to grow steadily due to increasing preference by consumers. The Middle East & Africa and Latin America region are expected to witness sluggish growth over the forecast period due to slowly developing economies and pharmaceutical market.
Global Medication Adherence Packaging Market - Key players:
Some of the key players operating in the global medication adherence packaging market are McKesson Corporation, WestRock Company, Manrex Limited, Genoa Healthcare, LLC, Omnicell UK, MTS Medication Technologies, and Catalyst Healthcare Ltd.
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