Artificial Intelligence (AI) Is The Fastest Growing Segment Fueling The Growth Of The Adherence Packaging Market


https://www.coherentmarketinsights.com/market-insight/adherence-packaging-market-5207
Adherence Packaging Market


Market Overview:

Adherence packaging involves the use of multi-dose/blister packaging designed to hold prescribed doses of medication for individual intake on correct days and times. It provides improved medication management and aids patients in adhering to treatment plans.

The global Adherence Packaging Market is estimated to be valued at US$ 993.89 Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
 
Integration of artificial intelligence (AI) in adherence packaging is a key trend shaping the growth of the market. AI-enabled adherence packaging uses sensors and analytic tools to monitor medication taking behavior in real-time. Data from packaging is transmitted to physician/caregivers to address non-adherence issues proactively. AI improves treatment efficacy through personalized intervention and remote monitoring of patients.

Segment Analysis

The adherence packaging market is segmented by type into blister card packaging, pre-filled syringes, barrels & bottles and pouches. Blister card packaging is dominating the market accounting for more than 50% share as it provides efficient protection, easy handling and ensures medication safety. The visibility, tamper-proof properties and precise dosing benefits have increased the uptake of blister card packaging globally.

Key Takeaways

The global Adherence Packaging Market Share is expected to witness high growth, exhibiting CAGR of 7.2% over the forecast period, due to increasing aging population and prevalence of chronic diseases.

The North America region is expected to hold the largest share in the adherence packaging market during the forecast period. This is attributed to factors such as growing geriatric population, high spending on healthcare and increasing number of medication errors in this region. Asia Pacific is anticipated to exhibit the fastest growth rate over the next few years owing to rising healthcare expenditure and growing demand for adherence packaging in emerging economies like China and India.

Key players operating in the adherence packaging market are Westrock Company, Keystone Folding Box Co, Cardinal Health Inc, Omnicell Inc., Jones Healthcare Group, Drug Package LLC, Manrex Limited, Medicine-on-time LLC, and Rx Systems Inc. Westrock Company is a prominent player owing to its wide product portfolio and global presence. Keystone Folding Box Co specializes in high-end folding carton packaging for adherence packaging solutions with advanced features.

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