Growth in the adherence packaging market is mainly attributed to factors such as a high rate of medication nonadherence, a growing need to minimize medication wastage, and technological advancements such as remote dispensing systems.
What can we expect from this market in the coming years? According to a new MarketsandMarkets™ research report, adherence packaging is expected to grow at a Compound Annual Growth Rate of 6.2% between 2017 and 2022, to reach US$ 917.7 million by 2022.
The report breaks down the adherence packaging market by system, type, material and by end user.
On the basis of packaging systems, the market is categorized into multi-dose packaging systems and unit-dose packaging systems. The multi-dose packaging systems segment is further segmented into blister cards and pouches/strips. The unit-dose packaging segment is further segmented into blister cards packaging systems and pouches/strips packaging systems.
In 2016, the multi-dose packaging systems segment accounted for the largest share of the Adherence Packaging Market. The large share and high growth of this segment can primarily be attributed benefits such as assisting patients with complicated prescription regimens, the ability to enhance patient safety, and the elimination of medication waste.
By type, the global adherence packaging market is segmented into blister cards and pouches/strips. By material, the market is segmented into plastic film, paper and paperboard, and aluminum. In 2016, the blister cards segment dominated the adherence packaging market. The plastic film segment dominated the adherence packaging material market. Transparency, malleability, lightweight, and cost-effectiveness of plastic films are among the factors driving the growth of this segment.
The major end users of adherence packaging are retail pharmacies, long-term care facilities, hospitals, and mail-order pharmacies. In 2016, the retail pharmacies segment accounted for the largest share of the adherence packaging Market.
In 2016,North Americadominated the global market. The report notes that rising prevalence of chronic diseases, increase in healthcare expenditure, rapid growth in the aging population, growing pharmaceuticals market, high rate of medication nonadherence, and an increase in funding by government agencies are driving the growth of the North American market.
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