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.

Comments

Post a Comment

Popular posts from this blog

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is...
Read more

Dairy Alternative Market Expected To Reach USD 26.01 Billion By 2023

Image
Dairy Alternative Market Market Overview: Dairy alternative products are gaining significant popularity due to their numerous advantages. These products are plant-based, making them suitable for individuals with lactose intolerance or those following a vegan diet. They offer similar nutritional benefits as traditional dairy products such as milk, cheese, and yogurt, while also addressing concerns related to animal welfare and environmental sustainability. The growing demand for dairy alternative products among health-conscious consumers is driving market growth. Market Key Trends: One key trend observed in the dairy alternative market is the increasing preference for plant-based milk substitutes. Plant-based milk alternatives such as almond milk, soy milk, and oat milk, among others, are gaining traction among consumers as a healthier and more sustainable option compared to traditional dairy milk. These plant-based milk alternatives offer various benefits such as being lactose-free, c...
Read more

Antimicrobial Additives Market Growth Accelerated By Rising Demand From End-Use Industries

Image
Antimicrobial Additives Market Antimicrobial additives are extensively used in a wide range of end-use industries such as healthcare, packaging, food and beverage, construction, and automotive. These additives help protect various materials from microorganisms such as bacteria, viruses, etc. Some key applications of antimicrobial additives include packaging of food, medical devices, fabrics, flooring, coatings, etc. The ongoing COVID-19 pandemic has further increased the importance of hygiene and sanitation, driving demand for antimicrobial materials from various sectors. The global Antimicrobial Additives Market is estimated to be valued at US$ 3.47 Bn in 2024 and is expected to exhibit a CAGR of 25.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key drivers of the market's growth is the rising demand for antimicrobial additives from the packaging industry. Packaging manufacturers ...
Read more