Medication Adherence Packaging Market: Size, Share, Growth, Trends, and Forecasts 2016–2024
Sarasota, FL -- (SBWIRE) -- 09/19/2017 -- Medication Adherence Packaging Market: Growth Factors
The key factor that is driving the medication adherence packaging market is the initiatives that are taken by the government agencies for developing the packaging types which will, in turn, improve the intake of the medicines by the patients. The packaging types that allow the patients in keeping a tab on their medicine intake are witnessing an increased demand thus propelling the growth of the market. The medication adherence packaging is making use of the bio-based raw materials for its production thus creating a wide range of opportunities for the growth of the medication adherence packaging market. Another factor that is boosting the growth of the market is the customization for brand differentiation. The factors that will limit the growth of the market is the financial implications of the medication adherence packaging and the macroeconomic conditions in some of the regions.
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Medication Adherence Packaging Market: Regional Analysis
North America is dominating the global medication adherence packaging market owing to the increasing expenditure on healthcare services by the government. In the European region, especially in the Western Europe, the pharmaceutical sector has developed very rapidly, thus contributing to the growth of the medication adherence packaging market. The medication adherence packaging market in Asia Pacific region is growing steadily owing to the growing preference by the consumers. The market is witnessing a sluggish growth in the Middle East & Africa and Latin America regions owing to less developed pharmaceutical sectors.
Medication Adherence Packaging Market: Overview
The medical adherence packaging comprises labeling and the packaging of the pharmaceutical products in such a manner that will enable the patient to take the medicines as directed by the physician. The medication adherence packaging is labeled with instructions, strength, and pass time by ensuring the distribution to the appropriate patient.
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Medication Adherence Packaging Market: Facts
Blister packaging or the blister cards for the medication is popular owing to its remarkable staying power thus helping in promoting the medication adherence in different ways that depend upon the blister card design. The nursing homes generally dispense the blister pack medication to the inpatients. When the blister pack medication is taken at home it provides many of the same advantages thus the medication administers prefer the blister packs.
Medication Adherence Packaging Market: Segmentation
The global market for the medication adherence packaging is fragmented into the packaging type, material type, and the end-user industry. Based on the type of packaging, the global market is segregated into blisters, vials, ampoules, pre filled syringes & injectable, and others. Based on the type of the material, the market is categorized into plastics, paper & paperboard, and aluminum. Based on the end-user industry, the market is divided into retail outlets, pharmaceuticals, hospitals, and others.
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Medication Adherence Packaging Market: Competitive Players
The key market players that are involved in the medication adherence packaging market include WestRock Company, Genoa Healthcare, LLC., MTS Medication Technologies, McKesson Corporation, Manrex Limited, Omnicell UK, and Catalyst Healthcare Ltd.
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